Experts Financial News

Vice President Jagdeep Dhankhar does not allow them to speak, Trinamool Congress (TMC) Parliamentary Party Leader Derek O'Brien on Friday alleged that the Rajya Sabha chairman spoke for around 30 per cent of the time the Upper House functioned. Slamming the chairman on the last day of the Winter Session, O'Brien in a brief statement said that the Upper House ran for a total of 43 hours till December 18 and Dhankhar spoke for around four and a half hours. There are no official records of speaking time of the Rajya Sabha chairman or its members.

subscription of 3.49 times by 12:39 PM on its second day of bidding. The IPO issue is a mix of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 4.86 times, while the non institutions investors had subscribed by 4.12 times on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed to 78% of the allotted portion.

SME IPO of Identical Brains Studios, which will close for public subscription on Friday, has been subscribed 200 times so far, driven by a robust demand from the market participants. Around 11:30 am, the non-institutional investors (NIIs) subscribed to the issue over 65.6 times while the retail investors applied for 36.55 crore shares, attracting nearly 1.83 lakh bid applications.

Subscriptions from retail investors stood at 6.04 times, while non-institutional investors had subscribed 6.28 times on the second day of bidding. Meanwhile, qualified institutional buyers had subscribed to 2% of the allotted portion.

Ambuja Cements Ltd. traded 0.84 per cent at Rs 567.85 at 12:14PM (IST) on Friday, even as BSE benchmark Sensex 247.3 points to 78970.75. The stock had settled at Rs 563.10 in the previous session. The stock quoted a 52-week high price of Rs 706.85 and 52-week low of Rs 452.90, respectively. As per BSE data, total traded volume on the counter till 12:14PM (IST) stood at 9811 shares with a turnover of Rs 0.56 crore.

Bajaj Auto today released new 35 versions of its Chetak electric scooter. Under 3500 series, Bajaj has announced Chetak 3501, 3502, and 2903 models. The scooter has a new platform, more features, and a new design. The Chetak's classic look will remain, but the new version have more storage space. Bajaj is offer different versions of the new Chetak, from basic to premium models. The new Bajaj Chetak 3501 and 3502 have same 3.5 kwH battery offering 153 km range and top speed of 73 kmph.

Avenue Supermarts Ltd. rose 0.16 per cent to Rs 3493.90 in Friday's trade. It hit an intraday high of Rs 3513.90 and low of Rs 3470.00, respectively, during the day. The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3458.00.

Silver ETF—have offered average returns of around 20% and 19.66%, respectively, in 2024. There were about 31 funds across both categories. HDFC Gold ETF, the top performer among gold ETFs, has delivered a return of around 20.30% in 2024. Invesco India Gold ETF provided a return of 20.29% during the same period. SBI Gold ETF delivered a return of 19.94% in the same timeframe. Axis Gold ETF provided the lowest return of around 19.66% in 2024.

PI Industries Ltd. traded at Rs 3858.00 on BSE at 12:20PM (IST) on Friday, 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 3060.00 and a high of Rs 4801.40.

YES BANK, the sixth-largest private sector bank in India, in collaboration with FICCI FLO, South East Asia’s largest women’s chamber of commerce, announced the launch of YES PowherUp, a specialised MSME programme designed to empower women entrepreneurs in scaling their businesses. YES PowherUp offers a comprehensive suite of financial solutions tailored to the unique needs of women-led enterprises. The programme includes specialised SME loans, premium business accounts, international trade and forex services, investment opportunities, credit card options, and insurance plans. By addressing the specific challenges faced by women entrepreneurs, YES PowherUp aims to provide the necessary support for businesses to establish, grow, and succeed sustainably. Dhavan Shah, Head of SME Banking at YES BANK, said, in a statement, “India's MSME sector is witnessing unprecedented growth, with women entrepreneurs emerging as vital contributors to this dynamic ecosystem. Through our partnership with FICCI FLO, we are proud to launch YES PowherUp, a comprehensive and innovative MSME proposition tailored for women-led businesses. At YES BANK, we are deeply committed to enabling women entrepreneurs to thrive, offering them the tools and support needed to scale their ventures and shape India's growth story. Together, we aim to empower women entrepreneurs, fostering their financial independence and enhancing their impact on the economy."

ACC Ltd. rose 0.61 per cent to Rs 2128.90 in Friday's trade. It hit an intraday high of Rs 2128.90 and low of Rs 2101.55, respectively, during the day. The stock quoted a 52-week high price of Rs 2843.00 and low of Rs 1867.15.

IPO) of Sanathan Textiles was subscribed 72% on Friday by 11:18 AM on its second day of bidding. The Rs 550 crore issue, which is a mix of fresh equity sale of Rs 400 crore and an offer for sale (OFS) of 46.72 lakh shares, will be available for bidding till December 23. Subscriptions from retail investors stood at 1.19 times, while the non institutions investors had subscribed by 60% on the second day of bidding. The qualified institutional buyers had not made any bids yet.

Buying a second-hand electric car in India can be a smart and eco-friendly choice. Here's a step-by-step guide to help you make the right purchase: 1. Set a budget Decide on your budget based on the car’s brand, model, and condition. Keep in mind that used electric cars may vary in price depending on factors such as age, battery condition, and features.

Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell's hawkish tone and comments on the potential of a Bitcoin reserve. In a press conference on Wednesday, Powell stated that the US central bank has no intention of being involved in any government efforts to stockpile large amounts of Bitcoin. «We're not allowed to own Bitcoin,» he said, following the Fed's two-day policy meeting.

The fund house informed about this to its unitholders through a notice-cum-addendum. The changes for Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, Mirae Asset Equity Savings Fund, Mirae Asset Midcap Fund, and Mirae Asset Flexi cap Fund will be effective from January 1, 2025. The changes in Mirae Asset Gold ETF Fund of Fund will be effective from December 24.

As of 11:10 am, the retail investors had subscribed to the issue by 31.7 times, which was followed by subscriptions from the non-institutional investors (NIIs), who subscribed to the issue by 27 times.

Justice League in 2017, followed by Zack Snyder's controversial version of the same film. Despite much anticipation, a sequel to the Justice League—both dreaded by some and hoped for by others—never materialized. The long-awaited Justice League 2 never happened. The sequel would have brought together Superman, Batman, Wonder Woman, Aquaman, Cyborg, and the Flash once again on the big screen. However, according to Screenrant, «after multiple logistical issues with the first film, director Zack Snyder completed his own cut of the movie, concluding his vision for the DCEU and putting a definitive end to the possibility of a direct JL sequel.»

The Series C funding round valued the company at $2.1 billion and the investment will be used for further global growth strategy, bolttech said in the statement. That is 31.3% higher than the $1.6 billion disclosed in its previous Series B funding round in May 2023.

Opposition MPs staged a protest at Vijay Chowk here on Friday demanding Home Minister Amit Shah's apology and resignation for allegedly «insulting» BR Ambedkar. They also carried out a protest march from Vijay Chowk to Parliament. Congress general secretary Priyanka Gandhi Vadra also slammed the BJP over the FIR filed against the Leader of Opposition in the Lok Sabha Rahul Gandhi, saying it «shows their desperation level». «The entire country is watching, they have slapped several cases on Rahul Gandhi. They bring in new FIRs and lie...This shows their desperation level,» she told reporters.

Micron Technology shares slumped about 15% on Thursday, as a bleak forecast indicating sluggish demand for personal computers and smartphones overshadowed a lift from robust growth in sales of AI-related chips. The market for dynamic random-access memory (DRAM) chips used in personal computers and smartphones has remained under pressure since the end of the pandemic amid a lingering supply glut and sluggish consumer demand. Micron's flash memory chip revenue in fiscal 2025 is expected to be significantly weaker, as sales of such chips are more exposed to PC and mobile phone shipments, Morningstar analyst William Kerwin said.