Business

Both the New York Stock Exchange (NYSE) and Nasdaq will suspend operations for the holiday. (AI image) MLK Day 2025 stock markets: The US stock markets will be closed on Monday, January 20, 2025, to observe Martin Luther King Jr. Day, a recognised federal holiday.President Ronald Reagan officially established this commemoration through legislation signed on November 2, 1983, setting the …

NEW DELHI: IDBI Bank on Monday reported a robust 31% year-on-year increase in net profit, reaching ₹1,908 crore for the December 2024 quarter. The rise in profit was attributed to reduced provisioning and higher interest income. In the same period last year, the LIC-controlled bank had recorded a net profit of ₹1,458 crore.According to the bank’s regulatory filing, total income …

NEW DELHI: India’s online food delivery and restaurant discovery platform Zomato saw a 57% drop in its third-quarter profit, as increased spending on its quick commerce platform, Blinkit, continued to weigh on margins. The company reported a consolidated net profit of Rs 590 million (£4.8 million) for the quarter ending December 31, down from Rs 1.38 billion a year earlier.Despite …

Melania Trump announced the launch on X (formerly Twitter). (Image source: @MELANIATRUMP X) $MELANIA meme coin: US President elect Donald Trump’s wife Melania Trump has launched her own cryptocurrency, the $MELANIA meme coin, early Monday, shortly after her husband’s launch of the $TRUMP memecoin. Melania Trump announced the launch on X (formerly Twitter), posting: “The Official Melania Meme is live! …

Bitcoin reached an all-time high of $109,241 as the US prepares to inaugurate pro-crypto President-elect Donald Trump. The original cryptocurrency rose as much 5.5% on Monday to set a fresh record. The token’s rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump’s rapidly reaching a market capitalization of more than $15 billion before declining …

Budget 2025 NPS tax benefits: he Section 80CCD(2) deduction limit warrants an increase. (AI image) Budget 2025 NPS expectations: Finance Minister Nirmala Sitharaman should look to make the National Pension System (NPS) more attractive for investors, believe financial experts. There is expectation among financial experts that in the Union Budget 2025 speech, FM Sitharaman will announce some changes in NPS.According …

BBC Lord Rose said working practices had regressed since the pandemic Working from home is creating a generation who are “not doing proper work”, the former boss of Marks and Spencer and Asda has warned. Lord Rose told BBC Panorama that home working was part of the UK economy’s “general decline” and employees’ productivity was suffering. His comments come as …

AI image for representation only. On January 19, 2025, Melania Trump introduced her own cryptocurrency, the MELANIA meme coin, to her 3.2 million followers on X (formerly Twitter). The launch led to a rapid surge in the token’s value, reaching a $4 billion market capitalization within 30 minutes, as reported by DEXScreener. This swift rise attracted nearly 20,000 investors within …

Disclaimers on the websites of both the $Trump and $Melania coins said they were “not intended to be, or the subject of” an investment opportunity or a security. According to the CoinMarketCap website, $Trump currently has a total market valuation of about $8.7bn (£7.1bn), while $Melania’s stands at around $1.3bn. Trump had previously called crypto a “scam” but during the …

Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 20, 2025) are Shriram Finance and Bharat Electronics. Let’s take a look: Stock Name Rating CMP (Rs) Target (Rs) Upside (%) Shriram Finance Buy 527 700 33% BEL Buy 282 360 28% Shriram Finance:Shriram Finance’s diversified product suite helped it mitigate …