Open Financial News

₹33 to ₹35 per share. The minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹140,000.

SHANGHAI: Shanghai Disney Resort will open a Zootopia-themed attraction to the public on Wednesday aiming to capitalise on a post-pandemic desire for travel and experiences in China. Zootopia, which came out in Chinese cinemas in 2016, remains one of the highest-grossing imported animated films ever released in the country. This marks Disney's first Zootopia-themed site and the eighth themed area at the Shanghai Disney Resort which opened in 2016 and was expanded in 2018 with a Toy Story-themed attraction. While consumption in China has been slow to bounce back following the lifting of COVID-19 curbs a year ago, domestic travel and experiences have rebounded more strongly, with Shanghai Disney Resort one of the beneficiaries. «I think what you saw over the last year as people emerge from the virus is them getting out and experiencing life again,» said Joe Schott, president and general manager at Shanghai Disney Resort. In its fourth-quarter earnings last month, Walt Disney flagged higher attendance at its Shanghai and Hong Kong parks as one of the factors driving 31% growth in its Experiences division, which includes its theme parks. Shanghai Disney Resort is a joint venture in which Chinese state-owned Shendi Group holds a 57% stake. (Reporting by Casey Hall; editing by Jason Neely)

Sameera Agro And Infra Limited IPO: The initial public offering (IPO) of of small and medium-sized enterprises (SME) Sameera Agro And Infra Limited will be opening for subscription on Thursday, December 21. It comprises a fixed price issue with a price band set at ₹180 per share at a face value of ₹10 per share. The SME IPO will close on Wednesday, December 27, 2023.

Members of a union representing German train drivers have voted overwhelmingly to stage open-ended strikes in a bitter dispute with the main national railway operator over working hours and pay

Demand for Bitcoin options is soaring, with average daily open interest on the Chicago Mercantile Exchange (CME) touching an all-time high of $1.9 billion as of December.

Israel-Gaza War Day 73: Israel faces new calls for truce after killing of hostages raises alarm. 10 updates Meanwhile, President Isaac Herzog indicated that Israel was willing to undertake a fresh truce in the coming days for recovery of hostages.

By Elizabeth Howcroft

TCS and HDFC Bank. The BSE Sensex was trading 56 points or 0.08% higher at 71,370. Nifty50 was trading at 21,426, up 8 points or 0.04% at around 9.18 am. From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red. Among individual stocks, Apollo Tyres opened 7% higher amid a 4.5% block deal in the counter. Vedanta shares opened 2.4% higher after the company declared a second interim dividend of Rs 11 per share for fiscal 2024.

₹3,100 crore from the primary market. In addition to these, three small and medium enterprise (SME) IPOs will also be available for subscription, presenting investors with compelling investment opportunities in the market. Also Read: DOMS IPO allotment declared: GMP, how to check status as focus shifts to listing date Here are key details about the IPOs open today: The IPO of real estate construction company, Suraj Estate Developers, opened for public subscription on December 18 and will close on Wednesday, December 20.

SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.

Innova Captab on Monday fixed a price band of Rs 426-448 per share for its Rs 570-crore initial public offering (IPO). The issue will open on December 21, and conclude on December 26, the company said. The maiden public issue comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of up to 55.80 lakh equity shares by promoters and selling shareholders.

The BSE Sensex was trading 194 points or 0.27 lower at 71,289. Nifty50 was trading at 21,412, down 44 points or 0.21% at around 9.20 am. Among Sensex stocks, JSW Steel, ITC, M&M, Power Grid, ICICI Bank, and Axis Bank traded with cuts, while Titan, Sun Pharma, Nestle, and Bajaj Finance opened with gains. Mazagon Dock Shipbuilders shares opened 4.6% higher after the company signed individual shipbuilding contracts with European client worth approximately $42 million. Zee Entertainment Enterprises shares fell over 4% after the firm sought further extension of a merger deadline from the Indian arm of Japan's Sony Group to make the scheme effective. Experts view «There are two significant factors driving the ongoing strong rally in the market.

Read more.The wholly owned subsidiary of Tata Power Renewable Energy has signed a contract to supply 152 MWp DCR solar PV modules for NTPC's Nokh solar PV project in Rajasthan, valued at about ₹418 crore. NTPC is developing the 735 MW Nokh Solar Park in Pokaran, Rajasthan.The company said it has received approval from the US Food and Drug Administration for its abbreviated new drug application for Allopurinol Tablets USP.

Sarvam AI, the newly launched artificial intelligence startup which released its Hindi language model ‘OpenHathi’ last week, will soon launch a platform that businesses can leverage for their needs. Founded by former AI4Bharat researchers Vivek Raghavan and Pratyush Kumar in July, Chennai-headquartered Sarvam is planning to release models in other Indian languages in the coming weeks.

box office on its opening day of Friday. With previews’ $14.4 million, it went up to an estimated $39 million. It is better than the $35.3 million start that 'Spider-Man: Into the Spider-Verse collected in the same mid-December slot in 2018. 'Wonka' is a whimsical origin tale about the magical candyman Willy Wonka. Wonka was played by Gene Wilder in the classic movie 'Willy Wonka and the Chocolate Factory'. Harry Potter franchise producer David Heyman has tried on a genre that has struggled in recent times.

RBI) announced the Sovereign Gold Bond (SGB) Scheme Series III for the fiscal year 2023-2024, which is scheduled to open on December 18 and will close on December 22. This release is prompted by the noteworthy surge in gold prices, surpassing a 10 percent increase in 2023, and defying expectations despite a challenging high-interest rate environment. The price for this issue will be announced by the Reserve Bank of India (RBI) soon.

five-day workweek for banks, it is expected that people are likely to get confused about whether the banks will be opened on December 16 or not. Also Read: Bank Holidays in December: Check state-wise list here Apart from media reports, there has been no official announcement about the implementation of a five-day work week for banks. Hence, they continue to follow the old pattern in which there is a holiday on the 2nd and 4th Saturday of every month in addition to Sunday.

Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They serve as substitutes for owning physical gold. Investors must pay the issue price in cash and will receive a cash redemption upon maturity.

Bollywood movie Dunki, starring Shah Rukh Khan, Taapsee Pannu and Vicky Kaushal, is set to release on December 21. The film has generated a buzz among fans, with large-scale first-day-first-show plans across India and globally. Dunki advance booking will start on December 16, as per Pinkvilla.

Telecom operators will be able to use 6 GHz band radiowaves for 5G and 6G services, with majority of the member countries of the International Telecommunication Union(ITU) agreeing to a global accord in this regard. The agreement was reached at the ongoing ITU spectrum meet WRC 2023 in Dubai.

By Shristi Achar A and Johann M Cherian