CNBC-TV18 Morning Call: Zomato hit by GST demand, Gukesh Dommaraju now world’s youngest chess champion – CNBC TV18
1 / 13The S&P-500 closed lower in the overnight session due to a rise in November inflation, largely due to producer prices ending at a higher than expected rate (Photo: Reuters).
2 / 13The US Producer Price Index (PPI), a measurement of producers’ gains at the final stage of demand, increased to 0.4% for the month of November, as opposed to the estimated 0.3% (Photo: Reuters).
3 / 13Broadcom made significant gains in stocks for the current quarter, largely a result of high AI-generated revenue. Due to high demand, the company expects success in the future for AI sales (Photo: Reuters).
4 / 13Adobe’s shares fell by almost 10% after a weak revenue forecast, which has raised concerns about AI investments in company softwares potentially taking longer to yield returns.
5 / 13Global sales of electric vehicles (EVs) and hybrid vehicles increased in November, which is a third consecutive record high. China continues to be the leader in EV sales.
6 / 13The European Central Bank (ECB) has cut rates by 25 basis points as was expected. This is mainly due to a slowdown in growth, the looming possibility of US tariffs, and uncertainty surrounding the political scenario in France. The rate has been cut from 3.25% to 3%.
7 / 13US President-elect Donald Trump reiterated and confirmed his commitment to crypto on his visit to the New York Stock Exchange (NYSE) while ringing the opening bell. He emphasised his objective of keeping the US as competitive as possible (Photo: AP).
8 / 13India’s retail inflation remained at a moderate level in November, mainly influenced by lower vegetable prices. The Consumer Price Index (CPI) was 5.48% as compared to October’s 6.21%.
9 / 13India’s industrial and factory output has bounced back, having grown at a rate of 3.5% in October. This has been due to an increase in output in the manufacturing, electricity and mining sectors (Photo: Reuters).
10 / 13Zomato has been hit with considerable tax demand by the Joint Commissioner of CGST and Central Excise of the Thane Commissionerate due to alleged failure to pay GST on delivery charges. It includes a GST liability of over ₹400 crore and penalty and interest costs of the same amount, bringing the total to over ₹800 crore.
11 / 13Tata Motors has announced a price increase of up to 2% across its range of Commercial Vehicles (CVs) including trucks and buses, which will be implemented from January 1, with the aim of offsetting a rise in costs of input.
12 / 13Hindustan Aeronautics Ltd. (HAL) has signed a deal of ₹13,500 crore with the Defence Ministry for the delivery of 12 Sukhoi fighter jets.
13 / 13India’s teenage chess player Gukesh Dommaraju has become the youngest chess champion globally at only 18 years of age after defeating China’s Ding Liren in the final of a 14-game match in Singapore.
