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Union Finance Minister Nirmala Sitharaman, who arrived in Jaisalmer on Friday, will chair the 55th meeting of the council on Saturday. A government official familiar with the deliberations said the law panel under the council had recommended that gift vouchers be covered under the definition of prepaid instruments recognized by the Reserve Bank of India (RBI) that are used as a consideration to settle an obligation. They would thus fall under a category that can't be taxed under GST.

safety and security applications. The railways had sought an extra 5 MHz of paired spectrum in the 700 MHz band, free of cost, to enhance safety and security systems. Following deliberations with stakeholders, the Trai has recommended assigning an extra 5 MHz to carve a contiguous block of 10 MHz of 700 MHz spectrum for the railways.

One MobiKwik Systems fell by as much as 5.7% on Friday to Rs 510.30 on the BSE. This decline came as investors engaged in profit booking after a sharp rally of 37% in the previous two days following the fintech firm’s Dalal Street debut. MobiKwik, which listed on the stock exchanges on Wednesday at a 58.5% premium over its issue price of Rs 279, saw its shares open at Rs 442.25 on the BSE. The stock had already delivered a 117% return as of Thursday, peaking at an intraday high of Rs 605 before retreating on Friday.

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.

«So, for very short term, yes, from these oversold zones, you can expect a bounce. But eventually, from those higher levels, this market has turned into a sell-on-rise market and I am not bullish on this market, except for a short-term bounce, then again, this market will continue its downturn,» says CA Rudramurthy BV, MD, Vachana Investments. Help us with your take on the benchmark indices, because it is Nifty 50 which is still below that 24,000 mark, as well as Nifty Bank is also trading in the red. So, do you expect some more recovery in the benchmark indices or we could just be consolidating in a tight range? CA Rudramurthy BV: See, first of all, markets are highly oversold. So, from these levels of around 23,800 where you have the 200-day moving average placed, Nifty can definitely see a bounce. And similarly, Bank Nifty from levels closer to that 51,000-51,200, we can definitely see a bounce in both Nifty as well as Bank Nifty.

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.

Lok Sabha was adjourned sine die, the House on Friday adopted a resolution recommending the two bills on holding simultaneous polls to a joint committee of the two Houses.

Motilal Oswal Securities (MOSL) and Jefferies have initiated positive coverage on Anant Raj and Sagility, respectively, citing robust growth potential and strong fundamentals. MOSL highlights Anant Raj's leadership in the NCR real estate market and its early mover advantage in the data center localization wave, projecting significant growth in pre-sales and collections.

Reliance Industries shares will remain in focus on Friday after Venezuela's state oil company PDVSA and Reliance Industries resumed an oil swap arrangement that was previously halted due to U.S. sanctions. This development follows a U.S. license granted in July authorizing such trade, according to an internal PDVSA document. A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port, while a unit of Reliance delivered a 500,000-barrel cargo of heavy naphtha to PDVSA this month in exchange, according to the document.

risk-adjusted returns than mid- and small-cap indices in 2025, driven by higher earnings growth and relatively attractive valuations, according to HDFC Securities. The brokerage remained overweight on large banks, top-tier IT, consumer durables, capital goods, real estate, cement, and building materials sectors while maintained an underweight stance on auto, consumer staples, oil & gas, mid-cap IT, small banks, and NBFCs.

Subscribe to enjoy similar stories. Nifty50 extended its losses for the fourth consecutive session and closed at 23,951 on Thursday. Taking cues from the global market, the index started the day with a gap-down opening at 23,877.15 and traded sideways in a narrow range of 24,870.30-24,004.90.

Subscribe to enjoy similar stories. As investors await global cues to settle, mixed signals are beginning to emerge. The bullish momentum is slowing and Q2 earnings numbers are not really driving up momentum.

Chinese hackers specifically a group known as ‘Salt Typhoon’, reported Reuters. According to Reuters, the Cybersecurity and Infrastructure Security Agency (CISA) has issued guidance while recommending the use of end-to-end encrypted communication methods which are available in renowned apps like WhatsApp, iMessage and Signal. On the other hand, regular phone communications are not actually encrypted and can be intercepted by telecom companies, law enforcement or hackers. The Salt Typhoon hackers have reportedly compromised at least eight telecommunications firms in the US while leading to significant data breaches. A senior US official described these incidents as potentially the largest telecommunications hack in US history, asserted Reuters.

My 35-year-old cousin earns ₹1.5 lakh per month and recently paid off their home loan. They invest ₹45,000 in mutual funds (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) monthly and ₹50,000 in the National Pension System yearly. What additional investments can help them build a ₹5 crore retirement corpus?

₹410-432 per share. This IPO, which will close on December 23, generated ₹245.97 crore through its anchor book on December 18.A number of prominent institutional investors, including Winro Commercial, ICICI Prudential Mutual Fund, Tata Mutual Fund, LIC Mutual Fund, Bandhan Mutual Fund, SBI General Insurance, ITI Mutual Fund, Nuvama, Taurus Flexi Cap Fund, Citrus Global Arbitrage Fund, and BNP Paribas Financial Markets, made investments in the company through the anchor book.The company's planned IPO includes a new share issuance totaling ₹400 crore along with a sale of 1.01 crore equity shares by its promoter, Ajanma Holdings Private Ltd. Currently, Ajanma Holdings possesses an 83.22 percent stake in the Mumbai-based firm.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Today Live Updates: The NIFTY GS 4 8 Yr at (0.02%), NIFTY GS 11 15 Yr at (-0.09%) & NIFTY GS 15 Yr Plus at (-0.12%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-2.19%), NIFTY India Digital at (-2.19%), NIFTY IT at (-2.11%) are currently the low performing sectors Nifty 50 Today Live Updates: The Nifty 50 opened at 23877.15 (-1.33%) , -321.7 points lower than the previous closing.

₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.

constitutional amendments required to synchronise general and state elections, an idea referred to as 'One Nation, One Election' (ONOE). These proposed amendments — three amendments and inclusion of a new article — emerged from the recommendations of a high committee chaired by former president Ram Nath Kovind, who put together a 18,000-pg report nine months ago explaining how synchronising the electoral calendar could be done. The proposed Act lets go of some important recommendations of the committee, such as including local elections. It makes provisions for the mechanisms required to induce and maintain synchronicity. Two key aspects are:

As per the report, despite setbacks from the Covid-19 pandemic, the tourism and hospitality sector is witnessing a strong resurgence, fueled by domestic tourism. By 2036-37, spending in this sector is projected to rise by 1.2 times, driving the need for an additional 61 lakh workers, comprising 46 lakh males and 15 lakh females.

Pushkar Singh Dhami announced that the Uniform Civil Code (UCC) will be implemented in Uttarakhand from January 2025. According to a press statement issued on Wednesday, all preparations have been completed, and Uttarakhand will become the first state to implement the UCC after independence. During a meeting of the Uttarakhand Investment and Infrastructure Development Board (UIIDB) held at the Secretariat on Wednesday, Chief Minister Dhami stated that the state government has undertaken all necessary preparations to implement the UCC, fulfilling its earlier resolution. The Chief Minister recalled that in the first cabinet meeting of the newly-formed government in March 2022, a decision was made to constitute an expert committee to study and implement the UCC in the state. Following this, a five-member expert committee was formed under the chairmanship of retired judge Ranjana Prakash Desai. Based on the committee's recommendations, the Uniform Civil Code Bill 2024 was passed by the State Legislative Assembly on February 7, 2024.

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