Rise with India: What’s hot on December 27  |  Photo Credit: iStock Images
- Prime Minister Narendra Modi will launch hydropower projects, meet investors in Mandi, Himachal Pradesh
- Shares of HP Adhesive to start trading in Mumbai after IPO
- RBI to hold reverse repo auctions
Prime Minister Narendra Modi will launch hydropower projects, meet investors in Mandi, Himachal Pradesh.
The Renukaji Dam, which was built at a cost of 7,000 crore, would maximise the Himalayan region’s hydroelectric potential to help cities as far away as Delhi, which will receive a water supply of roughly 500 million cubic metres per year.
Prime Minister Narendra Modi will visit Mandi in Himachal Pradesh today, where he will lay the foundation for hydropower projects costing over Rs 11,000 crore. The Renukaji Dam project, which has been in the works for nearly three decades, is one of these.
Shares of HP Adhesive to start trading in Mumbai after IPO
On the last day of subscription, HP Adhesives Limited’s initial public offering was subscribed 20.96 times. The stock will make its D-Street debut today.
RBI to hold reverse repo auctions
RBI to conduct 3-day Variable Rate Reverse Repo auction under LAF from today.
Karnataka on Sunday announced a 10 day night curfew starting from tomorrow, from 10 pm to 5 am with a complete ban on functions and parties.
Delhi, which saw a sudden spike in new Covid-19 cases, with 290 new infections, has also imposed a night curfew from 11 pm to 5 am, starting today.
Health experts in Kolkata have called on the state government to impose strict curbs on crowds in public areas after the city witnessed a huge rush of people on Saturday to celebrate Christmas.
Markets & Economy
US markets closed
Markets continue to be driven by Omicron and central bank policy
Investors weight that Omicron is not as deadly as other variants
A study in Scotland also suggests omicron is two-thirds less likely to result in hospitalization compared with delta
European markets were partially closed on Friday
Those indices which were open saw thin trading and closed lower
FTSE100 and Stoxx600 were flat with a negative bias
CAC40 was down 0.28%
Asian indices start the week mixed
The Nikkei & the Kospi are down 0.35% in early trade today
SGX Nifty Futures closed just above the 17k mark on Friday
SGX Nifty Futures is down around 0.2% in early trade today