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European leaders are tightening asylum rules and seeking to restrict migration under political pressure from opponents who charge that Europe’s mainstream parties have lost control of the numbers of people who are coming into the bloc. European Union member states and lawmakers agreed on new asylum rules Wednesday after years of failing to rework a system that collapsed during the migration crisis of 2015. Back then, over one million people came to the bloc, swelling support for far-right parties.

Sony Pictures Networks has agreed to enter into negotiations to discuss a possible extension of the date to complete the merger deal with Zee Entertainment Enterprises. “The company is in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations…with a view to discuss the extension of the date required to make the scheme effective by a reasonable period of time,” Zee Entertainment said in an exchange filing. The deadline to complete the merger announced 2 years back was December 21. CMEPL is an indirect wholly-owned subsidiary of Sony Group Corporation (SGC). BEPL is also an indirect wholly-owned subsidiary of SGC and a part of the SGC Group. Last week, Zee Entertainment had informed that the company has sought an extension from Sony Pictures to complete the merger deal. «SPNI is required to start those conversations but has not yet agreed to a deadline extension,» Sony Pictures had then said in a statement. «We look forward to hearing Zee’s proposals and how they plan to complete the remaining critical closing conditions,» it said. The proposed $10-billion merger of Zee Entertainment and Sony Pictures received regulatory approvals from the Competition Commission of India, bourses NSE and BSE, shareholders and creditors of the company. In August this year, the Mumbai Bench of the National Company Law Tribunal (NCLT) also gave a go-ahead to the merger of Zee Entertainment and Sony Pictures. As per the agreements, Zee Ent’s MD & CEO Punit Goenka has to lead the merger entity.

Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software.

₹6,000 and goes up to ₹25 lakh a piece, depending on the size and craftsmanship. “But many artists now use cheaper raw materials to cut costs. There is no monitoring or quality check to tell a fake from an original.

Friends’ star Matthew Perry dying from ketamine overdose, has led to a plethora of misconceptions about the drug. The drug, which is primarily used as a pain-relieving anaesthetic during surgeries, was also utilised by doctors to treat PTSD and severe depression. Despite being moderately addictive, ketamine is not as overpowering as heroin and cocaine. However, doctors have, in no uncertain terms forbidden self-administered use.

precautionary measures. The announcement about the increasing numbers of the new sub-variant, detected in three states, came with the Union Health Ministry reporting 614 new Covid infections, marking the highest daily count since May 21. As panic spread and Covid came under the spotlight again, experts stepped in to say there is no need to panic — available treatments are effective, the infection is mild and all viruses mutate.

Also Read: DOMS IPO: Share listing date today. GMP, experts see up to 65% listing gain Overall, the IPO garnered bids for 5,63,65,650 shares on the second day as against the total offering of 79,00,000 shares, resulting in an overall subscription rate of 7.13 times, according to BSE data. Through the issue, the company aims to raise ₹100 crore via the issuance of fresh equity shares.

₹2,241.5 crore, aimed at fortifying the company's financial standing and facilitating investments in growth initiatives. As per the company's regulatory filing today, SpiceJet plans to allocate a total of 31,83,00,000 equity shares at an issue price of ₹50 each to 58 entities.

India Shelter Finance made a decent debut on the exchanges on Wednesday by listing at a premium of around 25% over the offer price. However, the stock gave up some of the gains after falling nearly 10% post the debut. It is currently trading at Rs 556, just 12% higher than the IPO price. Net proceeds from the issue of fresh equity issue will go towards meeting future capital requirements and general corporate purposes. Analysts said there is still value in holding the stock from a medium- to long-term perspective as the company boasts of strong fundamentals and delivered strong financial performance in the last few years. Also Read: DOMS Industries shares soar nearly 80% over IPO price.

stood among the top gainers. Simbhaoli Sugars(down 6.96%), BAJAJHIND(down 6.17%), MAGADHSUGAR(down 6.03%), AVADHSUGAR(down 5.21%), Kothari Sugars & Chemicals(down 5.09%), Rajshree Sugars & Chemicals(down 4.91%), Sakthi Sugars(down 4.82%), Shree Renuka Sugars(down 4.52%), Dhampur Sugar Mills(down 4.42%) and Triveni Engineering & Industries(down 3.98%) were among the top losers of the day.

Shares of ended the day as top gainers in the pack. On the other hand, Samvardhana Motherson International Ltd.(down 4.3 per cent), Sona BLW Precision Forgings Ltd.(down 3.98 per cent), Bharat Forge Ltd.(down 3.66 per cent), Tata Motors Ltd.(down 3.25 per cent) and Eicher Motors Ltd.(down 3.15 per cent) finished as the top losers of the day.

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices — each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26.

European shares gained on Wednesday on rising bets of interest rate cuts following softer inflation data from the UK and Germany, while a rise in commodity prices lifted resource stocks. The pan-European STOXX 600 was up 0.3% by 0818 GMT, with energy and telecom sectors leading gains. Data showed German producer prices fell more than expected in November, while British inflation dropped way more than expected last month, with the headline rate falling to its September 2021 lows, strengthening the case for rate cuts. The German DAX was up 0.2%, while the UK's FTSE 100 jumped 1.3%. Energy shares rose 1.1%, while basic resources stocks gained 0.4% on higher prices of most commodities. Telefonica jumped 6.3% as the Spanish government is set to acquire around 10% stake in the telecoms giant. The broader sector was up 1%. Deutsche Post lost 1.3% after U.S.

Rahul Shah, CFO, DOMS, says “across our product categories, the EBITDA margins are constant, close to 15-16% and that is where we like to be. We will want to continue this margin profile and focus more on increasing our revenues because the factors I mentioned and given the market potential, I think the need would be to enhance the revenue while at the same time maintaining this margin profile.” I guess strong growth record and high margin profile has been leading to your subscription numbers as well and the listing pop. Will the company continue to grow at this pace and will margins continue to remain higher? Firstly, we would like to welcome the new shareholders to the DOMS family.

The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions. According to market analysts, the company's shares are trading at a premium of Rs 145 in the unlisted market.

Also Read- Outlook 2024: How equities, gold and crude oil will perform next year The Petrochemical prices too have remained volatile and unfavorable for petchem producers as concerns on rising supplies from China have dampened prospects. The refining margins too have remained volatile. Overall the key heavyweights such as Reliance Industries have not seen any major uptick in stock prices during 2023 and this also has weighed on Oil & Gas index performance.

Jindal Stainless (JSL) has soared the most, over 130 percent, followed by Welspun Corp, which rallied 124 percent in 2023 YTD. The surge in JSL comes on the back of exceptional earnings performance. In the September quarter, the company's net profit rose 120 percent to ₹764 crore against a net profit of ₹347 crore in the September 2022 quarter.

Until recently, the Chinese manufacturer behind Elf Bar e-cigarettes was able to slip its products passed U.S. customs officials

Haven’t ordered any of your holiday gifts yet

Tesla’s recall of more than 2 million of its electric vehicles — an effort to have drivers who use its Autopilot system pay closer attention to the road — relies on technology that research shows may not work as intended

Indian Hotels Company Ltd. traded 1.82 per cent down in Wednesday's trade at 01:36PM (IST). Around 41,581 shares changed hands on the counter.