Experts Financial News

The holidays are meant to be a time of celebration with family and friends

demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%.

Pokarna Ltd.(up 3.76%), Lexus Granito(India)Ltd.(up 3.63%) and Madhav Marbles & Granites Ltd.(up 1.78%) stood among the top gainers.

Shares of Wipro Ltd.(up 1.22 per cent), Coforge Ltd.(up 0.73 per cent), HCL Technologies Ltd.(up 0.5 per cent), Tech Mahindra Ltd.(up 0.47 per cent) and Tata Consultancy Services Ltd.(up 0.45 per cent) ended the day as top gainers in the pack.

IPO is likely to be finalised later on Wednesday or Thursday morning. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

On the BSE, Universal Autofoundry(down 18.31 per cent), Ganesh Films India(down 17.13 per cent), Shish Industries(down 15.95 per cent), Vrundavan Plantation(down 12.73 per cent) and Tanvi Foods(India)(down 12.67 per cent) stood among the top losers in today's trade.

Awfis Space Solutions’ unique business model, domestic brokerage firm ICICI Securities has reiterated its ‘buy’ call on the stock with a revised target price of Rs 1,049 (up from Rs 979), indicating an upside potential of 44%. “Awfis has a unique business model. While the company does not act as a land aggregator or landlord of office spaces, it focuses on providing services to its clients on demand side and also partners with space owners/landlords on supply side. With Awfis being the first co-working/flexible workspace company in India, there is also limited scope for comparison with industry peers. Hence, we believe Awfis is more comparable to listed hotel peers,” said ICICI in its note.

ISRO on Wednesday announced that it has commenced the assembly of the Human-Rated Launch Vehicle Mark-3 (HLVM3) for Gaganyaan's first uncrewed flight at the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh. The space agency called it a major step towards India's maiden human spaceflight and future space ambitions. The event coincides with the 10th anniversary of the Launch Vehicle Mark-3 (LVM3-X/CARE (Crew module Atmospheric Reentry Experiment)) mission, conducted on December 18, 2014. According to a statement by ISRO, the human-rating of LVM3 has been completed and all systems have been tested for enhanced reliability. Ground tests and flight tests in off-nominal conditions have ensured the performance of these systems in line with human safety requirements. The addition of the highly reliable Crew Escape System (CES) has further increased confidence for the manned missions planned by ISRO. Escape provision exists for the crew during all phases of ascent till injection of the module into orbit.

AI video generation model, just days after OpenAI released its own model, Sora, to the public. The competition between Google and OpenAI continues to intensify. Following OpenAI’s launch of ChatGPT Search as a challenge to Google’s core search business, Google has responded with a significant move in the battle for dominance in AI-driven text and video generation. According to a blog post by Google, Veo 2 produces highly detailed, realistic videos across diverse styles and subjects. The model excels in capturing the intricacies of real-world physics, human movement and expressions, enhancing overall realism. It also understands cinematographic language, allowing users to specify genres, lenses and cinematic effects to generate videos up to 4K resolution, lasting several minutes.

economic fraud in the past 24 months, according to PwC's 'Global Economic Crime Survey 2024 — India Outlook. This marks an 18 per cent increase compared to the global average of 41 per cent and a 7 per cent rise within India since the 2022 survey, PwC India highlighted. The latest findings highlight procurement fraud as the top threat for Indian businesses, with 50 per cent of respondents identifying it as a major issue. This reflects a significant 21 per cent jump compared to global concerns. In contrast, customer fraud, which was the leading issue for 47 per cent of Indian businesses in 2022, has been overtaken.

This is where a GST calculator steps in to save the day. This helpful tool takes the stress out of tax calculations, making it easier to focus on what matters—growing your business. Whether you are gearing up for expansion or managing everyday expenses, a GST calculator will provide clarity to make smarter decisions. Pairing this clarity with financial support such as a Bajaj Finserv Business Loan can help unlock growth opportunities for your business. Simplifying GST calculations The GST system, implemented in 2017, replaced multiple taxes with a streamlined structure, introducing rates ranging from 5% to 28%. Calculating GST manually can be tedious and prone to errors, but tools such as the Bajaj Finserv GST Calculator ensure speed and accuracy.

Bharti Airtel’s Africa unit is seeing strong business resurgence and is set to pull ahead of rival telcos operating in the African continent, including MTN, Vodacom and Orange by recording the highest revenue growth in Year 2025, analysts and industry experts said. London-based NewStreet Research estimates that Airtel Africa Plc will deliver 20.6% on-year revenue growth in Year 2025 vs 17.2% (MTN), 9% (Orange) and 6.8% (Vodacom). In Year 2024, Airtel Africa is estimated to have drawn level with MTN, with both telcos slated to report over 21% on-year revenue growth — significantly higher than Orange and Vodacom’s 9.4% and 6.4% estimated growth levels respectively, the UK brokerage added.

Nifty closed 137 points lower on Wednesday ahead of its Thursday weekly expiry and as caution prevailed ahead of the U.S. Federal Reserve interest rate decision due at midnight. Selling in heavyweight lenders HDFC Bank and ICICI Bank weighed on the benchmarks. The benchmark BSE Sensex lost 502.25 points or 0.62% to settle at 80,182.20, while the broader Nifty 50 index closed at 24,198.85, lower by 137.15 points or 0.56%.

It formed a bearish candle on the daily frame and has been making lower lows from the last two sessions.

Kalaignarin Kanavu Illam,' Rs 400 crore further allocation has been released, and it will be credited directly to the bank accounts of beneficiaries, Chief Minister M K Stalin announced on Wednesday. Including the additional fund release, a total of Rs 1,451 crore is the sum being disbursed to beneficiaries, according to the present stage of construction, he said. Houses under the scheme has a 360 sq ft built-up area, including a kitchen and construction materials such as cement and steel bars were being provided to beneficiaries at subsidised prices through the state-run TN Cements Corporation.

Swadeshi Jagran Manch (SJM) has dubbed the proposal to introduce 35 per cent GST on «sin goods» like aerated beverages and tobacco products as a «bad idea» as it would lead to smuggling and loss of revenue for the country. Besides, other bodies like All India Consumer Products Distributors Federation (AICPDF) and Indian Sellers Collective — an umbrella body of trade associations and sellers across the country — have raised concerns on the recommendations of the GoM on GST rate rationalisation. Earlier this month, the Group of Ministers (GoM) recommended a special rate of 35 per cent on sin goods like aerated beverages, cigarettes, tobacco and related products. The GoM headed by Bihar Deputy Chief Minister Samrat Chaudhary also suggested rationalisation of tax rates on apparel. «Another slab in GST, in the name of luxury and sin goods is primarily a bad idea, which will defeat the very efficiency principle of taxation. Already, a need is being felt among economists that the present number of slabs should be reduced, and the highest 28 per cent slab be abolished,» SJM national co-convenor Ashwani Mahajan said.

Decentralised Finance (DeFi) is the most significant innovation on the blockchain since the advent of the blockchain itself. What Bitcoin is to gold, DeFi is to banks and finance houses: a way to access finance in the open market on a peer-to-peer basis without the gatekeepers of banks. However, in order to access DeFi, one needs a Master’s in Finance and a PhD in Computing. The new crypto exchange Lunex Network changes all that. Lunex Network is a new hybrid CEX/DEX exchange, and on the face of it, it solves many trading problems. Over 50,000 liquidity pairs, AI trading bots, and non-custodial wallets are just some of the features Lunex Network offers. However, it’s in DeFi where Lunex Network shines. <div data-placement=«Mid Article Thumbnails

Employees’ State Insurance Corporation (ESIC) went up by 3% in October to 1.78 million compared to 1.72 million in October 2023, shows the provisional payroll data released by the ministry of labour and employment on Wednesday. Month-on-month, the formal jobs created under ESIC, however, fell by 13.2% when compared to 2.05 million formal jobs created in September 2024. As per the provisional payroll data, around 21,588 new establishments have been brought under the social security ambit of the ESI scheme in October compared to 23,043 establishments added in September, 2024.

MathCo is looking to hire 400-odd people by the end of this fiscal, taking its workforce to 2,500 globally. It has already hired 400 people so far this fiscal. The startup is recruiting AI/ML engineers, data engineers, data scientists and consumption specialists. As its technical workforce grows, the company will also expand its enablement functions to support this growth. While a major focus will be on fresh talent right out of campus, the firm will also continue to hire laterally across profiles. With GenAI being a relatively new and rapidly evolving field, the company is prioritising both internal upskilling and onboarding new talent with relevant backgrounds to strengthen its capabilities in this area.

Lok Sabha proceedings were adjourned for the day on Wednesday amid noisy protests by Opposition members seeking an apology from Home Minister Amit Shah for his remarks which they claimed were an insult to B R Ambedkar. When the House reconvened at 2 pm, the protests continued. Soon ministers and MPs tabled parliamentary documents amid the din. Following which P C Mohan, who was chairing the proceedings, adjourned the House for the day. When the House was adjourned for the day, most Opposition members excluding those from the TMC were on their feet raising slogan of 'Jai Bheem' and seeking an apology from Shah.

Volkswagen and German unions will most likely either reach a deal in the early hours of Wednesday or adjourn until the new year, a source familiar with discussions said on Tuesday, as the two sides strive to reach a cost-cutting pact before Christmas. After a 13-hour negotiation round on Monday ending after midnight, talks are expected to stretch even further into the early hours of Wednesday, the source said, declining to be named because discussions are private. Both Volkswagen and labour leaders have expressed a keen interest in a deal this year, but they remain far apart on key issues, including the possibility of plant closures, which labour representatives adamantly oppose but which the carmaker insists it cannot rule out.