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December 16, 2024 / 06:05 IST

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day

By Moneycontrol News

Market Buzz
Trade setup for Monday: Top 15 things to know before the opening bell

The benchmark Nifty 50 rallied nearly 1 percent after falling 1.5 percent intraday on December 13, closing above the 20-week SMA (Simple Moving Average) and a downward-sloping resistance trendline. Read more

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Watch Out
Take a look at these key events

Today
Farmer leaders to carry out Tractor March and Rail Roko
Arjun Meghwal to introduce 'One Nation One Election' Bill in Lok Sabbha
Vietnam Coast Guard Ship to arrive at Kochi
Mamata Banerjee, Defence Minister likely to attend 'Vijay Diwas' at Fort William
Repair work to start for Puri Jagannath temple's Ratna Bhandar
Lava Blaze Duo India to launch Tomorrow
Sri Lankan President to visit Bodh Gaya
Poco M7 Pro to launch in India
Mansukh Mandaviya to flag off Fit India Cycling Tuesdays
Moldovan foreign affairs minister to visit India

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Big Story
DPIIT nod in, aim to complete Reliance Capital acquisition by Jan end: IIHL Chairman Ashok Hinduja

IndusInd International Holdings has received the nod from the Department for Promotion of Industry and Internal Trade (DPIIT) for the acquisition of Reliance Capital and is targeting the completion of the Rs 9,861-crore buyout by the end of January. Read more

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Your Money
Should you use a personal loan to fund your business?

A personal loan can be a viable option for starting a small business, especially for new entrepreneurs without collateral or an established business history. Before opting for a personal loan, evaluate your repayment capacity, loan amount needs, and credit score, and consider alternatives like business loans or crowdfunding for better terms. Read more

Tech Tattle
Dixon, Vivo India to form new manufacturing joint venture in India

Dixon Technologies and Vivo India announced on December 15, the execution of a binding term sheet for a proposed joint venture. Dixon, a leader in electronics manufacturing in India, will hold a majority 51 percent stake in the joint venture, while Vivo India, a subsidiary of global smartphone giant Vivo, will hold the remaining 49 percent. Read more

Auto
India plans intact; to add more headcount despite global turbulence: Nissan

Japanese auto major Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. Read more

Tailpiece
Legendary tabla maestro Zakir Hussain passes away at 73, MIB confirms, family's statement awaited

India's legendary tabla maestro Zakir Hussain passed away at the age of 73 due to heart-related issues. He had been admitted to the ICU at a hospital in San Francisco. The Ministry of Information and Broadcasting confirmed the death of Tabla Maestro Zakir Hussain on X, saying, "world has lost a true musical genius." However, Hussain's family is yet to confirm the loss. Read more