CNBC-TV18 Morning Call: Vishal Mega Mart IPO, Amazon 15-min delivery, RBI Guv Sanjay Malhotra to take charge – CNBC TV18
1 / 16Benchmarmk indices on Wall Street fell on December 10 largely owing to a slowdown in technology gains, while investors await important inflation rate reports that will directly impact the Federal Reserve’s upcoming decisions on interest rates.
2 / 16US Consumer Price Index (CPI) data will be released on December 11, which is likely to show that progress on inflation has delayed the lowering of the inflation rate, economists have projected.
3 / 16The shares of Google’s parent company Alphabet increased about 6% overnight after the launch of its latest quantum computing chip named Willow. The new chip announcement earned appreciation from multiple public figures in the tech business space .
4 / 16Oracle’s shares saw their biggest drop in 2024 after a lacklustre earnings report.
5 / 16A US court has blocked the $25 billion merger of American grocery chains Albertsons and Kroger on the grounds that it will significantly reduce competition between the two top chains, and subsequently increase consumer prices and reduce bargaining power for unionised employees (Photo: Reuters).
6 / 16Microsoft shareholders have voted against an investment in Bitcoin. The board had suggested a vote against the proposal as the company always intends to analyse and evaluate a wide range of assets that can be invested in as part of its overall strategy.
7 / 16Brazil’s President Luiz Inacio Lula da Silva was taken to Sao Paulo overnight for an emergency brain surgery for blood drainage following an accident earlier.
8 / 16As per a Reuters poll, Japanese manufacturers have developed a negative outlook for the first time in ten months owing largely to protectionist policies by the US announced by the upcoming Trump administration. This could dampen the Bank of Japan’s forecast of higher consumption and wages leading to sustainable 2% inflation (Photo: Reuters).
9 / 16US President-elect Donald Trump’s new international policies on tariffs, on China in particular, could potentially dampen the outlook for Asian trade. The ADB has forecasted much slower growth for multiple developing Asian economies, mainly compounded by low consumption and economic performance (Photo: Reuters).
10 / 16Vishal Mega Mart IPO worth ₹8,000 crore opens today with a three day subsription window until December 13. The price band per equity share has been set at ₹74 to ₹78.
11 / 16Motilal Oswal has recommended investments in ‘bruised blue chips’ for low risk returns, in a completely contrary approach to its usual investment strategies. The bruised blue chips are companies that have a strong history and record but are currently undergoing troubles.
12 / 16Sanjay Malhotra is to officially take charge as the new governor of the Reserve Bank of India on December 11, succeeding Shaktikanta Das. He enters the role at a time when there is high demand for an interest rate cut to stimulate economic growth.
13 / 16Former RBI governor Shaktikanta Das has bid adieu to his six-year tenure as the central bank head. In last press conference as RBI Governor, he listed the challenges that his successor needs to focus on, which include restoration of a balance between growth and inflation.
14 / 16DEA’s Ajay Seth has been handed the additional charge of the revenue department by the appointment committee of the Cabinet, following the appointment of new RBI governor Sanjay Malhotra.
15 / 16Amazon is all set to start a new pilot of delivery of daily essentials to customers in less than 15 minutes in Bengaluru.
16 / 16A logjam is continuing in the ongoing Parliament Winter Session. The INDIA bloc has come back together in a move to oust Rajya Sabha Chairman Jagdeep Dhankhar.
