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Business News Live Updates – December 23, 2024

Time Checked: 12:05 PM IST

Stay connected with the latest happenings in the business sector, stock market developments, and much more. Our real-time updates ensure you won’t miss any crucial news that could affect your investments or business strategies.

Latest Updates on December 23, 2024

Trump Speaks at Bitcoin Conference

Former President Donald Trump made headlines as he delivered a keynote address at the Bitcoin 2024 Conference held on July 27, 2024, in Nashville, Tennessee. The discussion centered around the growing significance of cryptocurrency in today’s financial landscape.

Important Note: Follow our blog for continuous updates, insight, and analysis on figures like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani, as well as updates on gold and silver prices. Keep abreast of the latest stories that shape the business world.

i>Disclaimer: This is an AI-generated live blog and has not been reviewed for editorial accuracy by the Hindustan Times staff.</i

Key Events and Highlights

1. Bitcoin’s Recent Market Performance

   • Bitcoin has encountered its first weekly decline since the election victory of Donald Trump. This downturn is attributed to a cautious policy outlook from the Federal Reserve, which has tempered widespread optimism surrounding cryptocurrency investments.

2. Initial Public Offerings (IPOs) Ahead

   • In a promising development for investors, December 2024 has seen an impressive 15 mainboard IPOs launched for public subscription, totaling over ₹26,000 crore. This trend signifies a robust IPO market, underscoring the entrepreneurial spirit within the Indian economy.

3. Precious Metal Pricing

   • As of today, the price of 10 grams of 24-carat gold is reported at ₹77,613 in Delhi, while one kilogram of silver is valued at ₹94,500. These figures reflect the current demand and trading patterns in precious metals.

Stock Market Movements

• Zomato’s Market Activity

  • Zomato shares unexpectedly fell after its inclusion in the BSE benchmark Sensex. This trend has surprised analysts who anticipated a rally following the announcement of its replacement of JSW Steel among the top 30 stocks in the country.

• Stock Market Recovery

  • After last week’s downturn, the stock market has rallied with the benchmark BSE Sensex rising by 447.05 points (0.57%), while the broader NSE Nifty gained 169.25 points (0.72%).

Major IPO Successes in 2024

• India has experienced unprecedented success in the IPO landscape, raising a record ₹1.6 lakh crore in 2024 alone, dominating market activities and drawing attention from global investors.

Government’s GST Clarification

• The Congress party has sharply criticized the government regarding the "caramel popcorn GST" social media debate, highlighting the need for clarity regarding GST slabs on various commodities. Finance Minister Nirmala Sitharaman has provided clarifications addressing consumers’ concerns.

How AI legalese decoder Can Help

Navigating through the complex legal framework surrounding business operations and investments can be overwhelming, especially in times of market volatility or regulatory changes. This is where the AI legalese decoder comes into play. This intelligent tool can help individuals and organizations:

• Simplify legal Language: It breaks down complex legal terminology into straightforward, easily understandable text, allowing stakeholders to grasp essential information without being bogged down by jargon.

• Enhance Compliance: By utilizing AI to decode legalese, businesses can ensure compliance with the latest regulations quickly and efficiently, ultimately protecting themselves from potential legal pitfalls.

• Informed Decision-Making: Armed with clear understanding facilitated by the AI legalese decoder, business owners can make informed decisions based on accurate interpretations of contracts, agreements, and regulatory documents.

In summary, keeping up-to-date with business news and trends while utilizing AI tools like the legalese decoder can provide a competitive edge in today’s fast-paced economic environment. Stay tuned for further updates and deeper insights into the changing world of business!

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