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Freshworks founder Girish Mathrubootham sold shares in the software-as-a-service (SaaS) company amounting to nearly $40 million, filings made with the US Securities and Exchange Commission (SEC) showed. Mathrubootham, who stepped down as the chief executive officer (CEO) of Freshworks, sold a total of 2.5 million shares in two tranches on December 18 and 19, the filings showed. Prior to this, he owned around 5% stake in the company. Mathrubootham is currently the chairman of the board of directors at Freshworks and was replaced by Dennis Woodside for the CEO position.

non-tariff barriers being faced by its domestic industry in the European Union (EU) and emphasised the need to address long pending issues as a confidence building measure under the bilateral free trade agreement (FTA) talks, the government said Friday. The issue were discussed during a meeting between commerce and industry minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic last night virtually. “Goyal underlined that non-tariff barriers were impeding trade and emphasized the need to address long pending issues as a confidence building measure. Both sides agreed to explore a balanced, equitable, ambitious and mutually beneficial FTA,” the commerce and industry ministry said in a statement.

Restaurant Brands Asia Ltd, formerly known as Burger King India, on Friday said its board has approved raising of up to Rs 500 crore through the qualified institutional placement of securities. The Board of Directors, in its meeting held on Friday, December 20, 2024, has approved the raising of funds through the issuance of instruments or security, including equity shares or any other eligible securities by way of a qualified institutional placement for an amount not exceeding Rs 500 crore, Restaurant Brands Asia said in a regulatory filing.

Subscribe to enjoy similar stories. The stock of power transmission and distribution company GE Vernova T&D India Ltd is on fire. Soaring to a new 52-week high of ₹2,180 on Friday, the calendar year-to-date returns are now at a massive 330%.

Nearly 3 million people could receive a boost in Social Security payments under legislation that's set for a final vote in the Senate

Standard Glass Lining Technology, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments. As per the company’s public announcement on December 17, 2024, it issued 28,57,142 equity shares to Amansa Investments at a price of Rs 140 per share (including a premium of Rs 130), in consultation with the lead bankers.

Pakistan Hockey Federation (PHF) has been told to secure government clearance before confirming participation in the FIH Junior World Cup scheduled in India at the end of next year. PHF Secretary-General Rana Mujahid said the team would require a No Objection Certificate from the federal government for the national squad to travel for the FIH event to be held in December of 2025. «Normally we have always been permitted by our government to play in major events in India in recent years despite the strained relations between the two countries. But now we have been informed to first get clearance before finalising the team and confirming participation,» he told the media here. The Pakistan junior team was unable to take part in the junior World Cup held in Lucknow in December 2016 after the players were not issued visas because of late submission of applications.

Subscribe to enjoy similar stories. NEW DELHI : The Supreme Court on Friday upheld the claims, amounting to more than ₹10,952 crore, of four indirect creditors of Reliance Infratel Ltd, the tower and fibre business of Anil Ambani's telecom company Reliance Communications Ltd (RCom). Reliance Infratel’s total debt exceeds ₹41,055 crore.

Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the U.S. The auto club AAA predicts that more than 119 million people will travel at least 50 miles ...

European Union leaders insist no decisions can be taken about the future of Ukraine without its consent or behind their backs

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.

NARCL) for the debt-laden Jaiprakash Associates Ltd (JAL) has triggered a Swiss Challenge auction, with close to a dozen entities showing interest in acquiring the Noida-based conglomerate on an all-cash basis. Distressed aggregators such as the Kotak Mahindra Group-backed Phoenix ARC, US-based Ares Management Corp-backed Acre ARC (asset reconstruction company), Avenue Capital’s Arcil ARC and CFM ARC have expressed initial interest in submitting a bid, said senior executives of these entities. NBFC Capri Global and US-based alternative investment fund Cerberus Capital have also expressed interest, people familiar with the matter said. ET could not ascertain the names of all entities interested in the asset.

Voltas Ltd. 0.88 per cent to Rs 1724.00 in Friday's trade. It hit a high of Rs 1751.75 and low of Rs 1719.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1538.21, while the 50-DMA was at Rs 1737.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.

Havells India Ltd. 0.03 per cent to Rs 1695.75 in Friday's trade. It hit a high of Rs 1713.10 and low of Rs 1687.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1765.13, while the 50-DMA was at Rs 1725.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

President Vladimir Putin boasted that his military operation in Ukraine has strengthened Russia and denied that the ouster of key ally Bashar Assad in Syria had hurt Moscow’s prestige, as he held his annual news conference and call-in show Thursday.

buy call on Azad Engineering Ltd. with a target price of Rs 2450. The current market price of Azad Engineering Ltd. is Rs 1704.55. Azad Engineering, incorporated in 1983, is a Small Cap company with a market cap of Rs 10040.34 crore, operating in the Engineering sector. Azad Engineering's key products/revenue segments include Engineering Goods, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2024.

Manipur this year, Indian security officers said, inflaming the bitter 19-month ethnic conflict there with weapons and battle-hardened cadres. This has led to an increase in violence between Manipur's dominant and mostly Hindu Meitei community and the mainly Christian Kuki tribes — a conflict that critics say is the biggest law-and-order failure of Prime Minister Narendra Modi's 11-year-old government. Since May 2023, some 260 people have been killed in the fighting and more than 60,000 displaced. Nine Indian military and police officers who spoke to Reuters, plus several politicians and rebel sources in Myanmar, described a conflict that is spreading to new areas as militants from the rival groups come across the border to Manipur.

NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms. The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.

Justin Trudeau will shuffle his Cabinet Friday. The prime minister's office confirmed late Thursday that Trudeau will participate in the swearing-in ceremony and chair a meeting with his new Cabinet later Friday. Trudeau is facing rising discontent over his leadership, and the abrupt departure of his finance minister on Monday could be something he can't recover from.

Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.