Prime Minister Narendra Modi will launch hydropower projects and meet investors in Mandi, Himachal Pradesh.

The 7,000 crore Renukaji Dam would maximize the hydropower potential of the Himalayan region to help cities all the way to Delhi, which will maintain a water supply of around 500 million cubic meters per year.

Prime Minister Narendra Modi will visit Mandi today in Himachal Pradesh, where he will lay the foundation for hydropower projects valued at over 11,000 billion rupees. The Renukaji Dam project, which has been in the works for nearly three decades, is one of them.

HP Adhesive shares will trade after Mumbai’s IPO

On the last day of subscription, HP Adhesives Limited’s IPO was subscribed 20.96 times. The stock will make its D-Street debut today.

RBI holds reverse repo auctions

Starting today, RBI is conducting a 3-day reverse repo auction with variable interest rates below LAF.

Omicron Scare

Karnataka announced on Sunday a curfew for 10 days at night, starting tomorrow from 10 p.m. to 5 a.m., with a complete ban on events and parties.

Delhi, which has seen a sudden surge in new Covid-19 cases with 290 new infections, has imposed a nightly curfew from 11 p.m. to 5 a.m. starting today.

Health experts in Kolkata have urged the state government to strictly limit crowds in public areas after the city saw a large onslaught of people to celebrate Christmas on Saturday.

Markets & Economy

US

US markets closed

Europe

Markets continue to be driven by the policies of Omicron and the central bank

Investors estimate that Omicron is not as deadly as other variants

A study in Scotland also suggests that Omicron compared to Delta. leads to hospitalization two thirds less often

European markets were partially closed on Friday

The indices that were open saw thin trade and closed lower

FTSE100 and Stoxx600 were flat with negative bias

CAC40 decreased 0.28%

Asia

Asian indices start the week mixed

The Nikkei & Kospi are down 0.35% in early trading today

SGX Nifty Futures closed just above the 17k mark on Friday

SGX Nifty Futures is down about 0.2% in early trading today