LIVE: Lok Sabha Passes Banking Laws (Amendment) Bill, 2024

For the first time since 1980, South Korean President Yoon Suk Yeol declared emergency martial law on Tuesday. He justified the decision as necessary to protect the nation from 'communist forces' and addressed the political gridlock over a budget bill.

The Lok Sabha, on Tuesday, passed the Banking Laws (Amendment) Bill, 2024. The bill allows bank account holders to have up to four nominees in their accounts. Finance Minister Nirmala Sitharaman tabled the bill in the Lok Sabha earlier today. The bill was passed in the Lower House of the Parliament with a voice vote.
 

Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra.

In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per cent annual growth that was partly impacted by the severe heat wave and other weather-related disruptions.

Gold prices on Tuesday increased Rs 73 to Rs 76,760 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 73 or 0.1 per cent at Rs 76,760 per 10 grams in a business turnover of 12,400 lots.

Crude oil prices on Tuesday climbed Rs 17 to Rs 5,796 per barrel in futures trade as participants increased their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for December delivery traded higher Rs 17 or 0.29 per cent at Rs 5,796 per barrel in 11,169 lots.

Silver prices on Tuesday rose Rs 470 to Rs 91,280 per kilogram as participants increased their bets.

On the Multi Commodity Exchange, silver contracts for March delivery increased by Rs 470 or 0.52 per cent to Rs 91,280 per kg in a business turnover of 25,746 lots.

Asian stocks jumped on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar recovered lost ground against major rivals as traders weighed the outlook for US interest rates.

The initial public offering (IPO) market of the country has seen a slowdown in subscriptions over the past two months, driven by weak market sentiment and disappointing listing performances, says a report by Axis Capital.

Tata Power on Tuesday said its arm Tata Power Renewables Energy has commissioned a 431 MW DC Solar project in Neemuch, Madhya Pradesh.

Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said. 

On Tuesday, banking shares are driving the market's positive momentum with State Bank of India taking the lead followed by IndusInd Bank and HDFC Bank.

The shares of ITC, India’s leading cigarette maker, are going to remain under the spotlight after the GST Council proposed a 35 per cent tax on sin goods like aerated beverages, cigarettes, tobacco, and related products.

The shares of Gautam Adani led Adani Ports surged as much as 2.19 per cent in the early trade on Tuesday and hovered above Rs 1,240 apeiece. 

The domestic stock markets have opened on a positive note with minor upward movement. The BSE Sensex rose 51 points whereas NSE's Nifty moved 20 points up. 

 Japan's Nikkei share average rose on Tuesday as semiconductor-related shares climbed on the back of a strong overnight performance by their U.S. peers on Wall Street.

The Nikkei .N225 was up 1.7% at 39,183.16, as of 0209 GMT, while the broader Topix .TOPX climbed 1.3%.

Apple has been accused in a new lawsuit of illegally monitoring its workers' personal devices and iCloud accounts while also barring them from discussing their pay and working conditions.

The complaint filed in California state court on Sunday by Amar Bhakta, who works in digital advertising for Apple, claims the company requires employees to install software on personal devices that they use for work allowing Apple to access their email, photo libraries, health and "smart home" data and other personal information.

The Nasdaq and S&P 500 scored record closing highs on Monday, boosted by tech-related shares following the market's strong November gains, as investors awaited this week's economic data including the key monthly jobs report on Friday.

The Dow finished lower on the day. Both the Dow and S&P 500 recorded on Friday their biggest monthly percentage gains in a year.

The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group 002371.SZ, among other moves.

The effort to hobble Beijing's chipmaking ambitions also hits Chinese chip toolmakers Piotech 688072.SS, ACM Research 688082.SS and SiCarrier Technology with new export restrictions as part of the package, which also takes aim at shipments of advanced memory chips and more chipmaking tools to China.

Bangladesh has halved the power it buys from neighbouring Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.

Adani, whose founder has been accused by US authorities of being involved in an alleged bribery scheme in India, charges which he has denied, halved supply to Bangladesh on Oct. 31 over payment delays as the country battles a foreign exchange shortage.