Booking Financial News

It seems unfair to announce a list of best books without revealing the criteria of judgment. It is true that the vogue for identity politics that has swept into children’s literature (and the rest of our culture) wins reliable accolades elsewhere. This column remains dedicated to tales told with fizz and real feeling; to illustrations of the highest excellence; to children’s books that, whatever their specific themes or settings or characters, have a strong quality of universality.

Punjab National Bank has seen its shares perform exceptionally well this year so far, rewarding its shareholders with a return of 53%. During this period, the stock has appreciated from ₹56.80 apiece to the current level of ₹86.40. This marks the stock's third consecutive yearly return.

DOMS Industries will open for subscription on December 13. The issue closes on December 15.

Nikhil Nigania, Director, AB Bernstein, says “we are still in the early stages of a multi-year cycle in the power sector. We think some of these demand supply challenges will continue for some time. The receivables should stay good. And the renewable commitment has been to triple the capacity by 2030. It is still early in the cycle. It looks like good times are ahead for the sector.” Give us the big picture. Why is power along with its ancillaries so hot in the market? What has happened in the power sector is that we had a decade of poor performance for the sector. Now suddenly two things are happening. One, we are in a tight power demand supply situation. Hence, we are seeing deficits in power. And second, at the same time, we are trying to do energy transitions as well. And maybe to a third point to add to that, is that receivables for the power sector companies have also improved.

Ian Fleming: The Complete Man. By Nicholas Shakespeare. Harvill Secker; 864 pages; £30. To be published in America by Harper in March; $35 It was a chance invitation to a dinner party that changed Ian Fleming’s life and legacy.

Civil Aviation Minister Jyotiraditya Scindia on Thursday said the number of air passengers has gone up from six crore in 2014 to 14.5 crore at present and added that airfares are competitive with the railway AC first class fares. The minister was asked about rising airfares during the Question Hour in the Lok Sabha. Scindia said that the civil aviation sector is a deregulated sector and despite the impact of the COVID-19 pandemic and rising jet fuel cost, airfares have not increased in the same proportion.

Stock market today: Sugar stocks are under pressure since early morning deals on Thursday. During opening bell today in Indian stock market today, sugar major Balrampur Chini share price witnessed near 6 per cent declie, Dwarikesh Sugar share price went down 4.50 per cent, Sakthi Sugars shares dipped around 4 per cent, Mawana Sugar stock price dashed ariound 3 per cent while Ugar Sugar crashed to the tune of 6 per cent. Shares of Bajaj Hindusthan Sugar Ltd and Avadh Sugar & Energy Ltd crashed over 6 per cent during morning session on Thursday.

India's first significant defence export. The missile is the first such armament developed jointly by India and Russia. These missiles are manufactured by Brahmos Aerospace in India.

₹1.84 trillion in FY23. The consolidated order book is at ₹8.8 trillion, led by large hydrocarbon-related projects abroad and strong capex from the industrial sector as well as GCC-related projects. The International business is growing at more than 24% year-on-year.

equity markets in the medium term does not present a very rosy picture. A multiplicity of factors, both domestic and global, are weighing against the equities universe. But, take heart, within this uncertainty there is opportunity.

Pidilite Industries Ltd. rose 1.59 per cent to Rs 2616.55 in Thursday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 20870.9, down 66.8 points. The scrip had closed at Rs 2575.4 in the previous session.

Nifty50 clocking 4% gains in just four trading sessions of the month. This 4% rally follows over 5% gains registered by benchmark indices in November, backed by strong institutional inflows.

capital market regulator would give private equity (PE) and venture capital (VC) funds some latitude only after they commit that the funds would not be misused to sidestep other financial sector regulations. The Securities & Exchange Board of India (Sebi) has come across dozens of cases, running to thousands of crores, where alternative investment funds (AIFs) — the technical term for PE/VC funds — acted as tools to evergreen sticky loans, circumvent foreign exchange laws, and bankruptcy code. «Don't tell me the fund manager didn't know what they were doing.

ZestMoney's abrupt closure was primarily driven by its non-bank lending partners' decision to terminate credit lines to the fintech startup. Two people in the know said partner lenders to ZestMoney like Aditya Birla Finance had conducted multiple diligence meetings over the last six months with the startup’s new leadership, before they decided to pull the plug last week.

The Summer I Turned Pretty season 3 is confirmed, declared during the strike period. Work is set to begin, though no specific release date is established yet.

The digital world of Web3 physically came to life at the recent launch of New Society’s debut book, “Decentralization, Please Save Culture” at the NFT Factory in Paris.

Quiver Quantitative — Carson Block, the renowned short seller and head of Muddy Waters (NYSE:WAT), has publicly declared a short position against Blackstone Mortgage Trust (NYSE:BXMT), citing a potential liquidity crisis due to unfavorable economic conditions impacting commercial real estate. Block's announcement at the Sohn Investment Conference in London highlighted the risks faced by the trust, which specializes in loans secured by commercial properties. He raised concerns about borrowers' ability to refinance and repay the trust, suggesting the need for increased collateral and predicting a significant dividend cut.

By Tatiana Bautzer and Niket Nishant

By Shivansh Tiwary

Tis the season to decorate for the holidays

The idea of penning this down came from a re-reading of Machiavelli’s Prince. This book laid down principles of statecraft back in 1513, but remains valid today. In the same spirit, this is an ‘officious’ list, entirely unsolicited, of principles for regulators of all kind.