COMPANIES | PAGE 4 COMPANIES | PAGE 4 Local players miss out on smartphone PLI benefits INTERNATIONAL | PAGE 7 Q-comm to prescribe pharmacy growth plan AHMEDABAD, SATURDAY, DECEMBER 21, 2024 Trump wants EU to buy more US oil or face tariffs FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE VOL NO. XIX 171, 22 PAGES, `12 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E Investors wealth gain/loss Net equity investments (` cr) Dec 16 -7,510 11,874 DIIs -3,598 1,374 FPIs 17 18 19 20 Continued on Page 5 Price stability to be policy priority: MPC THEPRIORITYOFmonetarypolicyshould be on restoring the inflation-growth balanceandaligninginflationtotheRBI’starget of 4%, former governor Shaktikanta Das said in the minutes of his last MPC meetingreleasedonFriday,reportsSachin Kumar.“Thepolicypriorityatthiscritical juncture has to be on restoring the inflation growth balance,” he said,adding“the biggest support for higher growth would come from price stability”. ■ PAGE 6 19 -18.43 20 -8.77 Dec 19 79,218 18 -2.84 17 0.64 16 -2.54 (` lakh cr, Dec) -4.98% -4.93 80,684 Dec 20: 78,041 Rupee recovers 0.07% Dec 16 85.08 85.02 (inverted scale) Dec 20 Retail volume data (units) 2024 200,761 2023 175,041 (Jan-Nov) 154,249 Dec 18 80,182.2 Dec 17 SWARAJ BAGGONKAR Mumbai, December 20 CHARGED UP WHEN RAJIV BAJAJ took his latest swipe (Ola to Ola hai, Chetak to shola hai) at his notso-favourite competitor at an award function this month, it TVS Bajaj Ola wasnotanemptyboast.Riding Electric Motor Auto high on the Chetak, Bajaj Auto 164 65 30 became the biggest disruptor % change in the electric two-wheeler (E2W) space thisyear,clocking Source: FADA the steepest growth among the top three THE YEAR manufacturers. The Pune-based companysawtheretail volumes of Chetak grow 164% year-onyear to little over tion data. Ola saw a 175,000 units during growth of 65% in the the January-November period. same period, with volumes This is more than twice that of jumping to little more than segment leader Ola Electric, 392,000 units. according to the Federation of Automobile Dealers Associa- Continued on Page 5 Rate rejig on GST meet agenda today FROM SLASHING OF the tax on fortified rice kernels to 5% and a 22% cess on all utilityvehiclestothepossibleinclusionof aviation turbine fuel, the Goods and ServicesTax (GST) Councilwill take up a slew of recommendations from the rates fitment committee in its meeting on Saturday, reports Priyansh Verma.The Council is also likely to take up the Group of Ministers’reportofraterejigofabout150 items fordiscussion. ■ PAGE 2 66,288 Dec 16: 81,748 -793 3,943 THE BENCHMARK INDICES fell1.5%onFriday,markingtheir fifth consecutive day of decline in line with global peers andworstweeklylosssinceJune 2022,asforeigninvestorsmovedtosafe-haven »INSIDE« dollarassets. FOREX The Sensex RESERVES on Friday noseAT6-MONTH dived 1,176.46 LOW points, or 1.5% PAGE 6 to 78,041.59, while the Nifty fell 364.20 points or 1.52% to 23,587.50.TheNiftyfallsbelow its 200-day moving average for the first time in a month. 53,000 23,587 52,000 Nifty 51,000 50,000 -4.77% 49,000 Dec 16 17 18 19 20 Sensex -922 4,084 KISHOR KADAM Mumbai, December 20 24,668 -2,387 2,706 for fourth session BEAR GRIP 189 -234 ● FPIs were sellers Chetak helps Bajaj lead the race ● 392,004 Markets log worst week in 30 months READ TO LEAD Disrupting the E2Wdisruptor 236,865 OVER`18 LAKH CROFINVESTORWEALTH ERODED WWW.FINANCIALEXPRESS.COM THAT WAS 2024 HC upholdsAdani’s Dharavi facelift bid THE BOMBAY HC on Friday cleared the decksforredevelopmentofDharavislums as it upheld the tender awarded to the Adani Group,ruling therewas no“arbitrariness,unreasonableness or perversity”in thedecision,reportsPTI.TheHCdismissed apetitionfiledbyUAE-basedSeclinkTechnologieschallengingtheMaharashtragovernment’s decision to award the mega redevelopmentprojecttoAdani,whichhad made a `5,069-crore offer. ■ PAGE 5 Ahmedabad
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