Markets Today Highlights: The NSE Nifty50 settled in the green at 23,176.05, with gains of 90.10 points, or 0.39 per cent

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Their combined wealth went past $1 trillion for the first time and reached an all-time high of $1,023.9 billion at the end of December

Illustration by Ajay Mohanty

In previous trading session, the Sensex plunged 1,048.90 points, or 1.36 per cent, to close at 76,330.01. Similarly, the Nifty50 dropped 345.55 points, or 1.47 per cent, ending the day at 23,085.95

stock market BSE building

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 4.8 per cent rise in its consolidated net profit to Rs 723.54 crore for the third quarter ended December 2024.
The company had posted a net profit of Rs 690.41 crore a year ago, according to a regulatory filing by Avenue Supermarts.
Its revenue from operations rose 17.68 per cent to Rs 15,972.55 crore during the quarter under review. It was Rs 13,572.47 crore in the corresponding quarter of the last fiscal.
"PAT margin stood at 4.5 per cent in Q3 FY25 as compared to 5.1 per cent in Q3 FY24," Avenue Supermarts said in its earnings statement.
Its total expenses increased 18.52 per cent to Rs 15,001.64 crore.
Avenue Supermarts' total income, which includes other income, was Rs 15,996.69 crore, up 17.57 per cent in the December 2024 quarter.
Avenue Supermarts CEO and Managing Director Neville Noronha said, "The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 per

D-Mart

The BJP on Saturday released its second list of 29  candidates for the Delhi Assembly polls, fielding Kapil Mishra, a former AAP leader now identified with hardline Hindutva politics, from Karawal Nagar.
It has fielded Harish Khurana, son of former Delhi chief minister Madan Lal Khurana, from the Moti Nagar constituency.
With the second list, the party has so far named candidates for 58 seats for the elections to the 70-member Delhi Assembly.
The elections are scheduled to be held on February 5 and the votes will be counted on February 8.

BJP Flag, BJP

Jan Suraaj Party founder Prashant Kishor was on Saturday discharged from a hospital in Patna following improvement in his health condition, the party said in a statement.
However, the 47-year-old former political strategist is continuing with the 'fast-unto-death' that he launched on January 2 in protest against alleged irregularities in a BPSC exam held last month.
"Prashant Kishor's 'anshan' (fast) in support of BPSC aspirants continues. He has been discharged from the hospital in the evening as his health has improved. Further details about his 'satyagraha' will be made known tomorrow," the statement said.
Notably, Kishor was admitted to the private hospital on Tuesday, a day after his arrest by the police for staging a dharna at a site in the city where such agitations are prohibited, and grant of bail by a court hours later.
He was kept in the ICU for a day, before being shifted to the general ward, even as his party colleagues urged the aspirants and Bihar Chief Minister Niti

Prashant Kishore, Prashant

Prime Minister Narendra Modi asserted on Sunday that the capabilities of India's young population will power the country's rise to becoming developed.
Addressing the Viksit Bharat Young Leaders Dialogue here, he said some people may find the goal of India becoming developed difficult but it is not impossible.
No power can stop India from becoming a developed country if the spirit of 'Viksit Bharat' guides its every step, policy and decision, he said, highlighting the strength and numbers of the country's young population.
"Big targets have to be set for a country to march forward... This is what today's India is doing," Modi said, adding that the country is accomplishing numerous goals in different sectors ahead of time.
India has set the target of 20 per cent ethanol blending in petrol by 2030 and will meet the goal before that, he said.
The prime minister added that the government alone cannot drive the country forward and told youngsters drawn from across the country that the .

Modi, Narendra Modi

The appeal of freebies becomes clear in the backdrop of economic distress, highlighting the financial struggles of the lower middle class and the poor in India

Concerned that aggressive fiscal consolidation could hinder growth momentum while private capital expenditure remains sluggish, the government is expected to set the fiscal deficit target at 4.4 per cent of gross domestic product (GDP) for FY26 in th

Stock markets: Analysts see a slow pace of recovery for the India stock markets, with Trump's Presidency and the Union Budget 2025, back home, holding the key to the recovery in investors' portfolio

Stock Market, Market, Crash, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday congratulated over 3.5 crore saints, Kalpvasis and devotees on taking a holy dip in Sangam at Maha Kumbh on the auspicious occasion of the Makar Sankranti.
On the Amrit Snan festival on Tuesday, more than 3.50 crore revered saints or devotees took a holy dip in the pure Triveni, he said.
In a post on X, he said, "Hearty congratulations to all the revered saints, Kalpvasis and devotees who took a holy dip of faith in the holy Sangam on the auspicious occasion of the holy 'Makar Sankranti' in the grand gathering of faith, equality and unity 'Maha Kumbh-2025, Prayagraj."
On the successful completion of the first Amrit Snan festival, heartfelt thanks to all the revered Akharas based on Sanatan Dharma, Maha Kumbh Mela administration, local administration, police administration, sanitation workers, voluntary organisations and religious institutions, boatmen and all the departments of the Central and State Government associated with .

Yogi Adityanath, yogi, UP CM, Kumbhvani

EY's analysis of over 10,000 tasks across industries highlights varying productivity gains across sectors

AI, Artificial Intelligence

Indian employees may expect an average salary increment of 9.4 per cent this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday.
Over the last five years, salary increments have steadily increased, rising from 8 per cent in 2020, to a projected 9.4 per cent in 2025, according to Total Remuneration Survey (TRS) by HR consulting firm Mercer.
The automotive sector leads with anticipated increments of 10 per cent from 8.8 per cent, driven by the surge in electric vehicles and the government-led 'Make in India' initiative.
Manufacturing and engineering follow closely with an increase from 8 per cent to 9.7 per cent, reflecting a resurgence in the manufacturing ecosystem.
More than 1,550 companies in India participated in the survey, spanning diverse industries, such as technology, life sciences, consumer goods, financial services, manufacturing, automotive, and engineering.
Further, the report revealed that in 2025, 

Working Women, Employee

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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UP CM extends wishes to devotees on first Amrit Snan of Maha Kumbh festival

AI set to reshape 38 mn jobs in India by 2030, boost productivity: EY

Average salary hike in India projected to be 9.4% in 2025: Report

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