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🗞️Hindenburg Shutdown: Did the Short Seller Feel the Heat?
Hindenburg Research, known for its controversial attacks on the Adani Group and alleged ties to China and Soros, has announced its closure. The shutdown follows SEBI's scrutiny of their regulatory violations and potential collusion.
Expert Opinion: Founder Nate Anderson emphasized there was no single reason behind this decision but cited personal reflections and internal discussions.
🗞️Meta Appeals Against CCI’s ₹213 Crore Fine
The National Company Law Appellate Tribunal (NCLAT) admitted Meta’s plea against a data-sharing ban imposed by the Competition Commission of India (CCI). A decision is expected on January 23, 2025.
Expert Opinion: "The balance of convenience is in my favor," argued Kapil Sibal on behalf of Meta.
🗞️8th Pay Commission Approved Ahead of Budget 2025
The Union Cabinet has greenlit the establishment of the 8th Pay Commission to revise central government employee salaries and pensions.
Expert Opinion: “Consultations will be held with stakeholders to ensure timely recommendations,” said I&B Minister Ashwini Vaishnaw.
🗞️Infosys Q3 FY25: Attrition Rate Rises to 13.7%
Infosys reported an increase in attrition rates, with utilization rates showing a marginal drop.
Expert Opinion: CEO Salil Parekh highlighted strong sequential revenue growth as a testament to the company’s strategic initiatives.
🗞️Fixed Deposits: Tax Incentives in Budget 2025
Budget 2025 might influence FD and RD interest rates indirectly through changes in taxation and savings incentives under Section 80C.
Expert Opinion: “Tax benefits could promote public savings,” said Ashish Agrawal, Dhruva Advisors.
🗞️RBI Eyes Bold Measures to Ease Cash Crunch
The Reserve Bank of India may adopt open market bond purchases, long-term forex swaps, or reduce cash reserve requirements to ease liquidity concerns.
Expert Opinion: Gaura Sengupta, Chief Economist at IDFC First Bank, noted, "The government had a cash surplus of ₹1.5 trillion as of January 10."
🗞️Spencer’s Retail Ventures into Quick Commerce
Spencer’s Retail launched quick commerce operations in West Bengal, leveraging its existing store network.
Expert Opinion: “We’re not incurring capital expenditure, relying instead on existing outlets,” said Chairman Shashwat Goenka.
🗞️China’s Export Curbs Impact Indian Sectors
China's restrictions on exports may disrupt India's electronics, solar, and EV sectors, according to a GTRI report.
Expert Opinion: Founder Ajay Srivastava hopes for resolution as India-specific restrictions could hurt both countries.
🗞️Market Updates
Stock Market Today:
Sensex: +0.74% at 65,482
Nifty 50: +0.63% at 19,475
Gold and Silver Prices:
Gold (24K per 10 gm): ₹60,550
Silver (1 kg): ₹73,100
Rupee Performance:
INR/USD: 83.10