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Pritika Auto Industries demerger: The National Company Law Tribunal (NCLT) hs granted its approval to the schemd of arrangement between Pritika Industries Limited (PIL) and Pritika Auto Industries Limited (PAIL) for demerger of its automotive, tractor and engineering component business. The Chandigarh bench of the NCLT gave its nodd via order dated 4th December 2023.

₹2.9 trillion, investors in Adani group companies turned wealthier by ₹1.9 trillion, marking the biggest single-day jump in value for the conglomerate.Three Adani companies shot up 20% each to hit their upper circuit limits, even as the group’s market cap neared ₹14 trillion. Adani Green Energy Ltd, Adani Energy Solutions Ltd and Adani Total Gas Ltd were locked at their upper limits of ₹1,348.50, ₹1,084.40, and ₹878.70, respectively,HDFC Bank, SBI, Bank of India, Bharti Airtel, Mamaearth, among other stocks, will be in focus today.Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises are in the F&O ban list for 6 December.GIFT Nifty futures traded 37 points higher at 21,036.50, indicating a positive start for Indian indices in Wednesday.Indian equities saw another day of gains, with benchmark Sensex and Nifty closing at fresh record highs for the second day in a row on Tuesday.

Investing.com-- Oil prices moved little in Asian trade on Wednesday, sticking to near five-month lows after a warning on China's economy rattled markets, while signs of an unexpected build in U.S. crude stockpiles also added to pressure on prices.

SHANGHAI (Reuters) -China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's (NYSE:MCO) cut China's credit outlook.

By Faith Hung and Rae Wee

(This story originally appeared in on Dec 06, 2023)

Canara Bank (CanBank) and Bank of Maharashtra are looking to raise up to ₹4,500 crore in bond sales amid surging demand for credit in a rapidly expanding economy. Canara Bank plans to carry out an issuance of additional tier-1 (AT-1) bonds with a base size of ₹1,000 crore and a greenshoe option of ₹2,500 crore on December 7, sources aware of the development told ET. The bonds are rated AA+/Stable by rating agencies Crisil and ICRA. Bank of Maharashtra is looking to raise up to ₹1,000 crore worth of funds through sale of a tier-2 bond around December 12-13, sources said.

Kamala Harris broke a nearly 200-year-old record for casting the most tiebreaking votes in the Senate when she voted Tuesday to advance the confirmation of a new federal judge in Washington, D.C. Senate Majority Leader Chuck Schumer, a New York Democrat, called Harris' 32nd tiebreaking vote a «great milestone.» Harris returned to Capitol Hill later in the day to cast her 33rd vote as well, securing the judge's confirmation. The previous recordholder was John C. Calhoun, who cast 31 tiebreaking votes during his eight years as vice president, from 1825 to 1832.

F&O ban list: A total of four stocks have been put under the ban for trade in Indian stock market on Wednesday, December 6, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Global market setup remains positive as Asian markets traded higher while the US shares ended mixed overnight. The equity benchmark indices on Tuesday ended at their record closing highs as market sentiment remained upbeat following strong macro numbers and BJP's victory in the three large states. The Sensex jumped 431.02 points, or 0.63%, to end at 69,296.14, while the Nifty 50 settled 168.30 points, or 0.81%, higher at 20,855.10.

Buy or sell stocks for today: Following strong global market sentiments on end of rate hike cycle buzz, Indian stock market ended higher for sixth straight session on Tuesday. Nifty 50 index climbed to a new peak of 20,864 levels, BSE Sensex touched new life-time high of 69,381 whereas Bank Nifty index hit a new high of 47,230.

Air India formalised that order. This made IndiGo snatch that record, before it was formally created. Both events took place at the Paris Air Show in June this year.

HDFC Bank: The private sector lender has sought approval from shareholders for re-appointment of Sashidhar Jagdishan as managing director and chief executive officer of the bank and the appointment of V Srinivasa Rangan as executive director of the bank. State Bank of India: India's largest lender, State Bank of India, is acquiring 20% stake in SBI Pension Funds for ₹229.5 crore. The stake is held by SBI Capital.

CO2) emissions from fossil fuels are projected to increase by 1.1% to reach record levels of 36.8 billion tonnes this year from 2022 with emissions in India being estimated to increase by 8.2% and in China by 4% whereas it may decline by 7.4% in the EU and 3% in the USA during the same period, said a Global Carbon Budget report. The analysis shows that the increase in fossil emissions is driven mainly by China and only to a smaller degree by India which still has clear development needs to overcome. Released on the sideline of the UN climate conference (COP28) on Tuesday, the report underlined that there is a 50% chance that global warming will exceed 1.5 degree celsius (Paris Agreement warming limit threshold) «consistently» in about seven years at the current emissions level. «It now looks inevitable we will overshoot the 1.5 degree C target of the Paris Agreement, and leaders meeting at COP28 will have to agree to rapid cuts in fossil fuel emissions even to keep the 2 degree C target alive,» said Pierre Friedlingstein of Exeter's Global Systems Institute, who led the study.

Montreal Mayor Valérie Plante is “out of danger” after collapsing during a press conference on homelessness Tuesday.

Bangladesh head coach Chandika Hathurusingha wants his players to guard against complacency as it tries to secure a first series win against New Zealand in the second and final test. Bangladesh won the first test in Sylhet by 150 runs to close in on a landmark series victory. The only top-level teams that Bangladesh has ever beaten in a two-match test series are Zimbabwe and West Indies. «I can't see complacency in the team. If I see any action of complacency, I will have one to one chat,» Hathurusingha said ahead of Wednesday's opening day.

T20 international encounters between the India-Women and England-Women teams. England have totally dominated exchanges, losing only seven of the 27 matches with India.

Charitable donations declined in 2022 after hitting record levels in 2021 and 2020. With only a few weeks to go before year-end, where will 2023 wind up when it comes to philanthropy? And how is 2024 shaping up on the giving front?

Ontario’s housing market is raising red flags.

Bank of India on Tuesday, December 5, announced the launch of a qualified institutional placement (QIP), set at a floor price of ₹105.42 per equity share. This is the bank's first Q1P launch since 2021. "...Approved the floor price of the Issue, being Rs.

MUMBAI : In an indication of the Indian market’s outperformance compared to other emerging markets (EMs), the MSCI India index traded at a premium of 141.08% to MSCI Emerging Markets (EM) index, the highest in 11 months, on 4 December. The premium is also nearing its record high of 145.67% achieved on 31 October 2022. Analysts expect this premium to test its previous peak, following Tuesday’s surge in the Nifty and Sensex to new highs, driven by provisional foreign portfolio investment (FPI) flows of ₹5,223.51 crore.