AVP Financial News

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Pony AI rose about 15% in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms. The company's depositary shares opened at $15 in their Nasdaq debut, compared with the IPO price of $13. The IPO comes after nearly two years of uncertainty following Didi Global's delisting amid regulatory backlash in China, with Beijing easing tensions by resolving a long-standing audit dispute with the US accounting watchdog in December 2022.

Shiv Sena leader Shaina NC on Thursday said that looking at the work done by caretaker-Chief Minister Eknath Shinde during his tenure, he should have been the «natural choice» for leading the state government once again. «The strike rate of all three parties has been so stupendous that every party will want its leader to become the Chief Minister. But we feel that the way Eknath Shinde has worked on the ground, without any allegation and for the common man and led us to victory, he should have been the natural choice,» she told ANI.

cement industry in India is expected to witness a significant capacity expansion of 70-75 million metric tonnes (MT) over the next two years, according to the rating agency ICRA. Of this, around 33-37 million MT will come from clinker capacity, while the rest will be from grinding capacity. It said «Around 33-35 million MT capacity is likely to be added in FY2025 (FY2024: 32 million MT), while 37-39 million MT addition is expected in FY2026».

One Piece Chapter 1132 promises exciting developments in the Elbaf Arc. It continues exploring the kingdom of the Giants, pivotal character arcs, and a mysterious warning that raises tension for future events.

Maharashtra state has decided to extend the deadline for filing of audited accounts by specified trusts who are registered under the Maharashtra Public Trust Act (earlier known as Bombay Public Trust Act). The deadline has been extended to December 31, 2024, for FY 2023-24. The state government announced the extension in a circular dated November 26, 2024. In Maharashtra, trusts are required to file audited statements of accounts with the assistant charity commissioner's office if their annual income exceeds a specified limit. Once the accounts are prepared, they need to be audited by a chartered accountant. It can be uploaded/ filed on the charity.maharashtra.gov.in website only after this auditing is complete.

Ashwini Vaishnaw has flagged land acquisition delays in Kerala, which are affecting the development of railway projects in the state. According to Vaishnaw's letter to Kerala Chief Minister Pinarayi Vijayan, just 64 hectares (Ha) of land could be acquired by the state against a requirement of 470 Ha. This is despite the centre making a payment of over Rs 2,100 crore to the state for land acquisition needed to complete crucial rail projects. According to Vaishnaw, railway infrastructure projects worth Rs 12,350 crore are progressing in Kerala. «The highest ever budget outlay of Rs 3,011 crore has been allotted for the financial year 2024-25. However, most of the railway projects in Kerala are not progressing due to the non-availability of requisite land,» his letter said, adding that the Indian Railways has initiated efforts for the acquisition of land for most of the sanctioned railway projects but could not succeed.

Edelweiss Financial Services has made an exit worth Rs 175 crore from a mixed-use township project of real estate developer Paradigm Realty that has repaid the debt two quarters ahead of schedule. The early repayment was achieved through robust sales collections and refinancing at an interest rate of under 13% per annum, marking the beginning of the second phase of development for the township, the developer said in a release. The debt was initially raised two years ago to fund the residential phase of 102 Downtown, a project spread over 10 acres in Oshiwara, a locality in Mumbai’s Andheri west suburb. The project, developed jointly with listed developer Prozone Realty.

Mahesh Jethmalani on Wednesday said that the US indictment against Gautam Adani only has claims and has not been proven. He also attacked the Congress party, asking it to produce evidence before holding press conferences to launch attacks against Adani.

Lord Vishnu and Goddess Ekadashi.

stock market. The net asset values (NAVs) of several funds launched recently have shed as much as 21% from their offer price of Rs.10 per unit. Some of the most impacted have been the passive schemes based on defence, PSU, tourism and metal indices, and momentum based strategies. Their NAVs are between Rs.8 and Rs.9 now, indicating a 10-20% fall. While the decline in defence and PSU stocks began in July, the drop precipitated from 27 September onwards when the broader sell-off commenced, triggered by strong foreign institutional outflows. During this period, the Nifty 50 fell 10.44%, the Nifty Midcap 150 fell 10.9%, while the Nifty Smallcap 250 fell 9.1%. The Defence index dropped 10.25%, the PSU index shed 11.7% and the Metal index has declined 12.28% since 27 September.

Religare Enterprises (REL) have resigned in the past two months. On Friday, REL informed the stock exchanges that its newly-appointed company secretary and compliance officer, Rajat Kalra, has resigned. Kalra, who was appointed on October 8, submitted his resignation on October 24. He had joined in the place of Reena Jayara who had left the New Delhi-based financial services firm on October 7. The group's chief financial officer Nitin Aggarwal also quit the company on November 12.

RSS Chief Mohan Bhagwat on Sunday said India's forgotten pride should be reintroduced. Speaking at Lokmanthan-2024, a colloquium of "nationalist thinkers" here, Bhagwat talking about the importance of science having the consent of country's philosophical knowledge, cited the example of scientists stressing on ethics in the use of Artificial intelligence. India's value system emphasizes on the individual's wisdom, he said. There is logic, wisdom in India's approach to issues and the country need not follow other approaches to problems. India can take good things from foreign countries but it should have its own soul and structures.

Cross Season 2, speculation swirls around the return of Ryan Eggold as Ed Ramsey, the enigmatic “Fanboy Killer.” With Season 1 concluding on a high-stakes note, Ed was apprehended, facing a grim future in prison with only one murder and one kidnapping officially tied to his name. The series left viewers questioning whether this cunning antagonist’s story is truly over. Eggold himself remains tight-lipped about his involvement in the upcoming season. Speaking with TV Insider, he confessed, “I’m not allowed to say anything… The possibility exists. We’ve discussed things, but yeah, I don’t know what to say.”

Coatue Management alumnus Michael Gilroy and longtime technology executive Gokul Rajaram are forming a venture firm, according to people with knowledge of the matter. They’re in early discussions to raise capital from anchor investors and have yet to name the firm, said one of the people, who asked not to be identified discussing confidential information. They plan to raise $400 million to $500 million for their debut fund, and will formally kick off fundraising in the new year, the person said. The pair, who plan to make early-stage investments in fintech and software companies primarily in the US, have already begun discussing making potential investments in startups, the person said.

Maharashtra Assembly polls where her party-led Mahayuti alliance trounced the Congress-led MVA. Lauding Prime Minister Narendra Modi's leadership, the actor-politician said she believed that he was born for the «salvation of the country and is invincible». Ranaut and then-Maharashtra chief minister Uddhav Thackeray's Maha Vikas Aghadi (MVA) government had a bitter run-in in 2020 with the then-undivided Shiv Sena-led Brihanmumbai Municipal Corporation demolishing alleged illegal alterations at her Bandra bungalow. The BJP-led Mahayuti on Saturday retained power in Maharashtra, pocketing a whopping 230 of the 288 assembly seats, as the Congress-led MVA's dream of wresting power fizzled, with the opposition combine managing to garner just 46 seats.

Chandrashekhar Bawankule on Sunday said leaders of the ruling Mahayuti alliance and the BJP leadership will decide who will be the next chief minister of the state. Addressing a press conference here, Bawankule also said the people of Maharashtra have rejected the Congress, and pointed to its state unit chief Nana Patole winning by a margin of just around 200 votes in Sakoli seat. The BJP-led Mahayuti, which also comprises the Shiv Sena of Chief Minister Eknath Shinde and NCP of deputy CM Ajit Pawar, on Saturday retained power in the state by bagging 230 of the 288 assembly seats. The Congress-led Maha Vikas Aghadi's dream of wresting power fizzled, with the opposition combine managing to garner just 46 seats.

Virat Kohli and Yashasvi Jaiswal's contrasting centuries, here Sunday. Marnus Labuschagne (3) was dismissed in the last ball of the day as Usman Khawaja was left stranded at the other end at the draw of stumps with the hosts still trailing by 522 runs. Skipper Jasprit Bumrah removed Nathan McSweeney (0) and Labuschagne, while Mohammed Siraj dismissed night watchman Pat Cummins (2) to cap off a dominant day for the visitors. Earlier, resuming their second innings at 172 for no loss, India declared at 487 for six.

private military contractor group were killed in an attack in central Mali, according to a Reuters report citing the SITE Intelligence Group. The assault was claimed by an al-Qaeda affiliate in North Africa, highlighting the volatile security situation in the region. This incident underscores the persistent dangers faced by Wagner forces operating in Mali, where they are deployed to support the military junta, Reuters reported.

Outlander Season 7 Part 2 returns this week, promising eight episodes of gripping storytelling. The season continues the saga of Jamie and Claire Fraser against the backdrop of the Revolutionary War.

Mar-a-Lago on November 21 claimed that former U.S. President Donald Trump was transported from his Florida estate in an emergency vehicle. However, official reports and on-ground sources have clarified that these claims are false, as per the USA Today report. The ambulances were part of Vice President-elect JD Vance’s motorcade and had no connection to Trump or any medical emergency involving him.