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Here are the top stories to start your day.
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⭐ Tata Motors to hike prices
Tata Motors will increase the prices of its commercial vehicles (CVs) by up to 2% starting from January 2023 to partly offset the steep rise in input costs. The price increase will vary across models and variants, but will be applicable across all commercial vehicles.
⭐ Vedanta signs new pact
Vedanta Group has signed a new pact with 30 Japanese technology companies to develop an Indian semiconductor and glass display manufacturing ecosystem. The company is committed to make India a hub for electronics manufacturing. As part of its initiative, the company along with Foxconn plans to set up semiconductor production plants in Gujarat at an investment of $19.5 billion.
⭐ Gold ETFs sees net outflow
Gold exchange-traded funds (ETFs) witnessed a net outflow of ₹195 crore in November, which is in sharp contrast to a net inflow which the gold ETF segment saw in October and September. As per experts, a sharp rally in gold prices fuelled by rising demand may have led to net outflow. As per Amfi data, the gold ETF category has received a net inflow of ₹1,121 crore so far this year.
Global markets (at 9:00 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.48% |
| Nikkei 225 (Japan) | ▲ 0.84% |
| Hang Seng (Hong Kong) | ▲ 0.43% |
| SSE Composite (China) | ▲ 0.13% |
| Dow Jones (US) (December 13) | ▲ 0.30% |
| NYSE (US) (December 13) | ▲ 0.37% |
| Nasdaq (US) (December 13) | ▲ 1.01% |
| S&P 500 (US) (December 13) | ▲ 0.73% |
Fact of the day
India’s ultra luxury car sales, which cost upwards of ₹2 crore, have shot up by 50% in 2022 to 450 units.
Source: Times of India