Yesterday's big news was related to Narayana Murthy. Infosys co-founder Narayana Murthy has defended his controversial statement about working 70 hours a week. He said that hard work is very important for India's progress.
At the same time, Nifty may reach the level of 21,982 in the coming 2-3 months. Currently it is at the level of 23,500. That means, a further fall of about 1,500 points is possible in Nifty. Harshubh Mahesh Shah, Founder of Wealth View Analytics has given this prediction of the market.
Today's headlines before tomorrow's big news…
- The stock market will remain closed today due to weekly holiday on Saturday.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. SBI plans to take a loan of 1.25 billion dollars: This will be the largest loan taken in dollars by any bank this year.
State Bank of India (SBI) has planned to take a loan of 1.25 billion dollars i.e. Rs 10,553 crore. This will be the largest loan taken in dollars by any bank this year.
According to media reports, people associated with the case gave this information. CTBC Bank, HSBC Holdings and Taipei Fubon Bank are helping SBI in obtaining this five-year loan.
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2. Nifty may reach the level of 21,982: A fall of 1,500 points is possible, currently it is at the level of 23,500; Read Harshubh Shah's full interview
Nifty may reach the level of 21,982 in the coming 2-3 months. Currently it is at the level of 23,500. That means, a further fall of about 1,500 points is possible in Nifty. Harshubh Mahesh Shah, Founder of Wealth View Analytics has given this prediction of the market.
Harshubh had given this prediction on 10 November. Since then, Nifty has fallen by about 500 points. Harshubh Shah has been bearish on the market since the time it was at the level of Rs 26,000. Since that time he has been advising traders to avoid buying.
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3. NTPC-ONGC will buy Ayana Renewable Power in joint venture: For this both the companies together bid Rs 5,488 crore.
The green units of the country's two biggest government companies, National Thermal Power Corporation Limited (NTPC) and Oil and Natural Gas Corporation Limited (ONGC), have together made the biggest bid for a project. According to Reuters report, the joint venture of NTPC Green Energy and ONGC Green Energy has made the biggest bid for Ayana Renewable Power.
Sources said that the joint venture of both the companies made a bid of $ 65 crore i.e. Rs 5,488 crore. According to reports, the joint venture beats out JSW Energy's bid for the renewable energy firm.
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4. Narayan Murthy's advice to work 70 hours again: Said- Sorry I did not change my attitude, I will take it with me to the grave
Infosys co-founder Narayana Murthy has defended his controversial statement about working 70 hours a week. He said that hard work is very important for India's progress. Murthy said at CNBC Global Leadership Summit – I am sorry, I have not changed my view. I'll take it with me to the grave.
He said he was disappointed by India's change from a 6-day working week to a 5-day week in 1986. India's development requires sacrifice, not rest. Drawing attention towards Prime Minister Narendra Modi working 100 hours a week, he said, 'When Prime Minister Modi is working so hard, then whatever is happening around us, we can appreciate it only through our work.
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5. Hyundai Motor appointed Jose Munoz as the new CEO: He will replace Jehoon Chang, this is the first foreign leader of the company.
Hyundai Motor on Friday appointed Jose Munoz, America's current chief executive officer and global chief operating officer, as its CEO. With this, Munoz has become the first foreigner to lead a South Korean automaker.
Munoz, 59, joined Hyundai in 2019 as global chief operating officer with North and South American operational responsibility. Prior to this, he worked at Nissan Motor Company for 15 years, which also included his tenure as Chairman of the China Unit.
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6. BMW M340i sporty sedan launched, price ₹ 74.90 lakh: Claimed 0-100kmph speed in 4.4 seconds, this is the fastest made-in-India ICE car.
BMW India has launched the 2024 BMW M340i sports sedan in the Indian market. The company claims that it can accelerate from 0-100kmph in just 4.4 seconds, which makes it the fastest BMW car and Made-in-India ICE car in the country.
The price of the car has been kept at Rs 74.90 lakh (ex-showroom). Customers can book it online or by visiting the dealership and the deliveries will be started soon. The BMW M340i competes with cars like the Audi S5 Sportback and the Mercedes AMG-C43.
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Also see who were the top 10 richest people in the world yesterday…
Yesterday the market was closed due to Guru Nanak Jayanti, so know the condition of share market and gold and silver on Thursday…
Know the latest price of petrol, diesel and gas cylinder…
Graphics Source: VaskarAssets
