Elon Musk-led Tesla reported first full-year drop in sales in its history as a public company. Tesla deliveries for 2024 were 1.79 million, 1.1% lower than a year ago. Reduced European subsidies, a shift in the US towards cheaper hybrid vehicles, and tougher competition from China's BYD pressured the company. Tesla shares crashed at least 5% following the news.

GT captain Shubman Gill and three other players are likely to be summoned by Gujarat Crime Investigation Department (CID). The players are being investigated for their investments in BZ Financial Services, a firm involved in a ₹450-crore Ponzi scheme. The other three players are GT's Sai Sudharsan and Rahul Tewatia, and former GT pacer Mohit Sharma.

JSW Steel's Chairman & MD Sajjan Jindal & his family flew from Mumbai on a special plane to Pakistan's Lahore to attend the wedding festivities of the grandson of Pakistan's former PM Nawaz Sharif. Jindal family has strong ties with the Sharif family. Jindal family had reportedly helped Sharif's son Hussain Nawaz set up a steel mill in the Gulf.

Sensex soared over 1,400 points helped by financial, IT and auto stocks amid optimism around quarterly earnings, sales & favourable technical setup. "GST collection reflects steady demand, healthy economy," KPMG's Abhishek Jain said as December GST collection rose 7.3% y-o-y to ₹1.77 lakh crore. Markets also rose over Bernstein's assessment of economic recovery anticipated within 1-2 quarters.

US President-elect Donald Trump said that tariffs alone were responsible for creating vast wealth in the nation during the Second Industrial Revolution. "Then we switched over to Income Tax. We were never so wealthy as during this period. Tariffs will pay off our debt and, MAKE AMERICA WEALTHY AGAIN!" Trump wrote on Truth Social.

At least 25 new-age companies will have IPOs in 2025, according to a list compiled by Moneycontrol. The list includes Ather Energy, BoAt, Zepto, BlueStone, CarDekho, Captain Fresh, DevX, Ecom Express, Aye Finance, Fractal, Physics Wallah, PayU, Pine Labs, Shadowfax, Smartworks, Zetwerk and others. Last year, 13 startup IPOs including Swiggy and Ola Electric collectively raised over $3.4 billion.

India's manufacturing sector growth fell to a 12-month low in December 2024, as new business orders and production expanded at softer rates. The HSBC India Manufacturing Purchasing Managers' Index (PMI) was at 56.4 in December, down from 56.5 in November. The annual average for the index in 2024 was over 57.5, as against an average of 56.8 in 2023.

Donald Trump's aggressive tariff threats under his 'America First' policy have triggered global trade anxieties. Indian exporters and logistics firms brace for disruptions as reciprocal tariffs loom. Experts predict significant challenges to India's trade resilience and supply chain stability. Stakeholders remain divided on the long-term impact on India's economic and logistical landscape.

Sensex and Nifty recorded a jump of nearly 1.7% intraday on Thursday. Mumbai-based Sensex rose over 1,300 points to hit the day's high of 79,827 while Nifty jumped over 400 points to hit its intraday high of 24,151.90. Top Sensex gainers included Bajaj Finserv, Bajaj Finance, Maruti Suzuki India and Mahindra and Mahindra while Eicher Motors was top Nifty gainer.

JNPA has awarded a ₹284 crore contract to Man Infraconstruction-Trident Agrocom Exports consortium for development of an export-import cum domestic agriculture commodity-based processing and storage facility at JNPA. Once operational, the facility is expected to handle about 1.2MT of cargo annually. It will cater to agricultural commodities of Maharashtra as well as Madhya Pradesh and Gujarat.