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Brookfield Infrastructure Renews Its Normal Course Issuer BidsShares of Tata Motors will be in focus on Tuesday after the auto major announced that it will increase the prices of its cars, including electric vehicles , by up to 3% starting in January 2025. This move follows a trend of several automakers raising prices to cope with escalating costs. The price increase is being implemented to help offset the rise in input costs and inflation, the Mumbai-based automaker stated in a release. Domestic automakers face increased costs due to high global commodity prices, elevated import duties on raw materials, and supply chain disruptions. Tata Motors, famous for its small SUVs like the 'Nexon' and 'Punch', has raised car prices twice this year. The carmakers have also faced challenges with slowing sales as demand for new vehicles has decreased after years of growth. This has led manufacturers to offer higher discounts and adjust sales to dealers. Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Ichimoku Trading Unlocked: Expert Analysis and Strategy By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Advanced Strategies in Stock Market Mastery By - CA Raj K Agrawal, Chartered Accountant View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading RSI Trading Techniques: Mastering the RSI Indicator By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Last week, Maruti Suzuki , JSW MG Motor and Hyundai Motor India revealed plans to raise prices, effective January. Auto peer Maruti Suzuki will hike its prices by up to 4%, JSW MG Motor by 3% and Hyundai Motor India by up to Rs 25,000. Kia India, which sells models like Seltos and Sonet, said it will increase the prices of its entire model range by 2% from January. On Monday, shares of the company dropped 2% to settle at Rs 798 on the BSE. The scrip has risen 11% in the last one year meanwhile it has delivered 352% returns to its investors in the last five years. (You can now subscribe to our ETMarkets WhatsApp channel )

The Senate will debate the Tax Reform Bills today (Thursday) and may subsequently pass it for a second reading. This came to the fore on Wednesday when the Deputy Senate President, Jibrin Barau, who presided over the plenary hinted that the bills would likely be passed today (Thursday). The Senate Leader, Bamidele Opeyemi, stated that the bills would be debated at the plenary on Thursday. He said, “We’d listen to the experts who will guide us, so that we will be able to present the bills and debate them tomorrow (Thursday). His comment followed a dazzling presentation by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele. Oyedele alongside the Chairman of the Federal Inland Revenue Tax, Zacchaeus Adedeji, Director General of the Budget Office, Tanimu Yakubu, were allowed into the plenary to explain the Tax Reform bills in detail to lawmakers. President Bola Tinubu had earlier in October forwarded four Tax Reforms Bills to the National Assembly. Following the presentation of the bills, controversies at various level had greeted the bills including governors telling lawmakers not to pass the bills. However, on Wednesday, the presentation, which highlighted key aspects of the reforms, garnered significant attention among senators. Oyedele’s comprehensive explanation of the reforms, embedded in four bills currently before the Senate, left a strong impression on many lawmakers. Oyedele, whose committee came up with the reform bills, said the reform was not planned to tax poverty but prosperity and most importantly, to correct lopsided tax gain derivation. He said, “The committee proposes four major bills aimed at overhauling the tax system. “Nigerian Tax Bill seeks to harmonise major taxes into one legislation, simplifies tax processes, and proposes exemptions for low-income earners. “The Tax Administration Bill aims at establishing standards for tax administration and promotes the use of technology, and aims to streamline tax collection. “The Nigerian Revenue Service Establishment Bill proposes the establishment of a new revenue service to improve tax collection and coordination among agencies.” He added, “The Joint Revenue Board Establishment Bill aims to enhance collaboration among tax authorities and create a Tax Ombudsman to protect small businesses. “Key proposals of the tax reform bills are elimination of minimum tax for loss-making companies; introduction of a 15% effective tax rate on profits for large companies, removal of VAT on essential goods and services, increased tax thresholds for personal income tax to exempt low-income earners.” On the contentious revenue sharing formula from VAT, Oyedele explained that; “The current VAT sharing formula is deemed unfair, favouring states like with major corporate headquarters. “The proposal includes a more equitable distribution based on consumption within states as against current sharing formula which lopsidedly favours Lagos State, being host to headquarters of many corporate organisations.” He added that the proposed tax reform bills would exempt any Nigerian not earning above N1m per month from Personal Income Tax . After listening to the presentation, the lawmakers were overwhelmingly satisfied as none of them had any questions when the Deputy Senate President opened the floor for senators to ask their questions. Earlier, there was mild drama as fireworks of Point of Orders ensued in the hallowed Red Chamber. Tensions arose before the presentation when the Senate Leader, Opeyemi Bamidele (APC, Ekiti Central), moved to suspend Senate rules to allow Oyedele, the FIRS chairman, and Budget Office Director-General to enter the chamber. Moving for the suspension of Order 12 to allow for strangers into the chamber, Bamidele said, “Tax experts and consultants as well as the Director General of the Budget Office and the Chairman of the Federal Inland Revenue Tax, Zacchaeus Adedeji are to attend the plenary to explain the tax reform bills in detail to lawmakers.” Related News Tinubu begins state visit in France 30-year experience prepared me for COAS job – Oluyede Tinubu to name new envoys after France, S’Africa visits However, immediately after the submission, the lawmaker representing Bauchi Central, Senator Abdul Ningi (PDP), stood up and read from the Order listing the titles of those who were allowed into the Senate plenary by the Senate Rule. Ningi said that such a conversation was more appropriate at the committee level and should be handed over to the Committee on Finance and maybe Appropriations to interface with the team. But in response, the Deputy Senate President, Jibrin Barau (APC, Kano North) explained that the Senate suspended its rule to allow for openness and let Nigerians watch the live proceedings and listen to the debate of the Tax Reform Bills. He thereafter asked the Senate Leader to address the Order he came under. Responding, Bamidele acknowledged Ningi’s concerns but clarified: “Mr. President, my motion was for the suspension of Order 12, not its invocation. Order 12 outlines who is permitted to speak in this chamber and the exceptions allowed. However, when a rule is suspended, it ceases to apply in that context. “For the sake of clarity, I amend my motion to also include Order 1B, which empowers the Senate to regulate its procedures in cases where no specific rule exists. “So, Mr. President, my motion is based on both the suspension of Order 12 and the invocation of Order 1B. Nigerians deserve to hear from these experts, and we, as lawmakers, need this information too.” After his explanation, Barau called for a voice vote. The motion passed in favour of the ayes, and the economic team was allowed into the chamber. Shortly after, Senator Ali Ndume (APC, Borno South) expressed dissatisfaction, arguing that such a significant matter should have been listed on the Order Paper. He suggested printing a supplementary order paper or deferring the discussion to another legislative day. But Barau dismissed the objection, urging senators to focus on facts rather than rhetoric. He then ruled Ndume out of order. After the economic team was admitted, Ndume raised another point of order, objecting to Barau’s earlier comment referring to procedural concerns as “rhetoric.” Ndume described this as an insult and demanded an apology. Barau, in response, laughed and clarified, “Rhetoric isn’t an insult. My comment wasn’t directed at you but was a general remark.” He once again ruled Ndume out of order, putting an end to the heated exchange. The economic team proceeded to present their insights, paving the way for deliberations on the Tax Reform Bills. At the end of the presentation, the Deputy Senate President, Barau said, “We can see that those who didn’t want us to listen to the experts are wrong. “Tomorrow (Thursday), we will debate the bills as the Senate Leader has said. We will still invite them to come tomorrow when we are debating the bills, so lawmakers can ask questions. “We will give senators time to go home and digest the bills and come back tomorrow with their bills.” Barau further stated that the second reading was not the end of a bill as there were still opportunities like “public hearings and even committee reports ahead of the public hearings where concerns can be addressed.” “This is not the end of the bill, it’s just the beginning. It’s a very long process,” he asserted.Conners, Tate lead Appalachian State over Sam Houston 66-63

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . 24/7 San Diego news stream: Watch NBC 7 free wherever you are Inflation in October ticked up The personal consumption expenditures price index for October ticked up 0.2% on the month and 2.3% on a 12-month basis, according to the U.S. Commerce Department on Wednesday. Core inflation rose 0.3% on the month and showed an annual reading of 2.8%, higher than September's 2.7%. All figures were in with Dow Jones consensus estimates. U.S. markets break rally U.S. stock markets fell on Wednesday , with the S&P 500 snapping its seven-day winning streak. Bond prices rose as Treasury yields slipped . Asia-Pacific stocks mostly rose on Thursday . Australia's S&P/ASX 200 climbed 0.45% to close at a new record. South Korea's blue-chip Kospi index was flat after the country's central bank lowered rates. South Korea unexpectedly cuts rates On Thursday, the Bank of Korea cut its benchmark interest rate by 25 basis points to 3%. A Reuters poll of economists had expected the BOK to keep rates unchanged. South Korea reported last month disappointing third-quarter economic growth of just 0.1% from a quarter earlier. The BOK on Thursday lowered its 2024 gross domestic product outlook to 2.2% from 2.4%. Offshore yuan might drop to lowest level China's offshore yuan is projected to fall to an average of 7.51 against the dollar by the end of 2025, according to CNBC's calculation of forecasts from 13 institutions. That would be the offshore yuan's lowest level on record , going by LSEG data dating back to 2004. Tariff threats and lower interest rates in China are putting pressure on the yuan. [PRO] Potential beneficiaries of tariffs U.S. President-elect Donald Trump's planned tariffs are worrying both investors and companies because higher import fees will raise costs. That said, those tariffs could benefit five technology companies that specialize in helping companies optimize supply chains. Money Report OPEC+ postpones meeting to decide oil production strategy to Dec. 5, delegates say From AI to young new artists, London wants to attract a new generation of art buyers In preparation for a heavy meal of turkey and stuffing and pumpkin pie, investors in the U.S. kept their trading appetite light. The SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. So even though the S&P fell 0.38% to break its seven-day winning streak and the Dow Jones Industrial Average slid 0.31%, those moves don't seem to be a sell-off sparked by mass panic. Instead, traders appear to be giving thanks to the year's rally in Big Tech stocks by taking profit on them, which caused the Nasdaq Composite to drop a relatively steeper 0.6%. The fact that inflation in the U.S., on an annualized basis, ticked up by 0.1 percentage point from the previous month didn't seem to faze investors much either, probably because it wasn't an unexpected increase. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. The market is pricing in a 68.2% chance of that happening, higher than the 55.7% of a week ago, according to the CME FedWatch tool . "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. Echoing his views, Scott Helfstein, Global X's head of investment strategy, says he thinks the Fed "can eat turkey and watch football for a day knowing that they are close to full employment with price stability." Investors can also throw themselves into the festivities. More than three-quarters of stocks in the S&P are above their 200-day moving average, suggesting a steady upward trend and a market "still solid," according to Chris Verrone, head of the technical and macro research at Strategas. That's plenty of things to be grateful for this Thanksgiving. — CNBC's Jeff Cox, Scott Schnipper, Alex Harring and Sean Conlon contributed to this report. Also on CNBC U.S. inflation edged up but investors aren’t fazed The markets are living in Trump’s world for now A new day, a new Trump policy for markets to digest