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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.

New Fund Offers (NFOs), a system where a fund house sells units of a new scheme. What are the proposals cleared by Sebi? The capital markets regulator said that a new fund offer (NFO) of a mutual fund scheme must invest the money it raised within 30 days from the end of the scheme launch period. It also said in the event of a switch from an existing scheme into an NFO, distributors will get the lower commissions of the two schemes.

IndusInd International Holdings (IIHL) is in advanced talks with investors including 360 One, Barclays, Bank of America, Allianz Private Credit Fund, ICICI Prudential AMC Private Credit, Edelweiss Alternatives, Alpha Alternatives Fund and Tata Capital to raise ₹4,300 crore in the second tranche to complete its acquisition of Reliance Capital by January end, people aware of the development said. Barclays alone is contributing ₹1,000 crore in this round of non-convertible debenture (NCD) issue, one of them said.

Subscribe to enjoy similar stories. Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank. It applied for a small finance bank licence in December 2023 and has about 1.8 million merchants who provide financial services as agents of the bank.

Investment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have fallen to their lowest levels in 23 years.

A protracted downturn in natural gas prices has battered the balance sheets of some oil and gas producers in Western Canada, driving insolvencies in the sector to their highest level in three years.

Subscribe to enjoy similar stories. Accenture Plc, the world’s largest software services company, secured $1.2 billion in generative AI (Gen AI) bookings in the quarter-ended November 2024, bringing its total orders in the segment to $4.2 billion since September 2023. This is its highest Gen AI bookings in any quarter, signalling that clients are increasing spending on the new technology.

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.

On Tuesday (17 December), the FCA announced it was launching consultation to help facilitate the implementation of the Private Intermittent Securities and Capital Exchange System (PISCES) framework in May 2025, a key ambition outlined in chancellor Rachel Reeves' November Mansion House speech.  FCA launches consultation on private stock market in boost to PISCES framework «Next year we will ring the bell on a new private stock market that could transform how private companies access funds and grow. It will offer investors more access and a greater confidence to invest in private compa...

The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons

fiscal discipline by reducing the fiscal deficit, achieving fiscal stability, and so much more.

Lieutenant Governor Manoj Sinha and top officers of the Army, paramilitary forces, J&K administration, intelligence agencies and the Ministry of Home Affairs (MHA) attended the meeting. This was Shah's first meeting to review the security situation in the Union territory after the recent assembly elections that brought to power a National Conference government headed by Chief Minister Omar Abdullah. After the abrogation of Article 370 and the bifurcation of the erstwhile state into two UTs in 2019, law and order in Jammu and Kashmir comes under the central government.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

Shares of Coforge Ltd.(up 1.97 per cent), Persistent Systems Ltd.(up 1.93 per cent) and Wipro Ltd.(up 0.05 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, Empire Ind(14.91%), CWD L(14.65%), Tips Films(13.84%), Prime Urban Dev(13.82%), Sinclairs Hotel(12.90%), Lancer Container Lines(11.62%), Investment & Precision Castings(11.54%), Garuda Construction(11.48%), Perfectpac Ltd(10.76%) and 52 Weeks Entertainment(10.59%).

Subscribe to enjoy similar stories. GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner.

Apple Inc. is close to getting Indonesia to lift its ban on iPhone 16 sales, after President Prabowo Subianto gave his approval for the government to accept a $1 billion investment from the US tech giant, according to people familiar with the matter. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple, the people said, asking not to be identified discussing talks that were private. The country prohibited the sale of Apple’s flagship device last month, saying Apple had failed to comply with domestic content requirements for smartphones and tablets. At the meeting, Prabowo greenlit the government to accept Apple’s proposal and urged his cabinet to obtain more investments in future, the people said.

CKYC). Two of such measures are- masking KYC identifier details (PAN, Aadhaar, voter ID card, driving license etc) and unique IP address based authorised access. Earlier all your details were viewed and searched by any intermediary. Now these practices are starting to end as the government proposal of masking all KYC identifiers. However, the industry players-banks, financial institutions essentially Regulated Entities (REs) voiced concerns about the government being very fast in implementing these measures and hence requested a deadline extension. The Central Know Your Customer (CKYC) has listened to REs’ request and has extended the deadline for masking of KYC identifier documents from December 16, 2024, to January 20, 2024.

China has maintained its substantial military presence along the Line of Actual Control (LAC) with India since the Galwan Valley clash in June 2020, according to the latest Pentagon report released on Wednesday. Despite some troop disengagements in certain areas, the People's Liberation Army (PLA) has not scaled back its positions or numbers. «PLA has not drawn down its positions or troop numbers since the 2020 clash and has built infrastructure and support facilities to maintain multiple brigade deployments along the LAC,» the report states. The Pentagon's annual assessment indicates that China has kept approximately 120,000 troops stationed along the 3,488-km-long LAC, which stretches from Ladakh to Arunachal Pradesh. In addition to the soldiers, the PLA has stationed heavy weapon systems, including tanks, howitzers, surface-to-air missiles, and other advanced military equipment. The report further highlights that over 20 combined arms brigades (CABs) remain in forward locations across the western, middle, and eastern sectors of the LAC.

Ashok Leyland Ltd. 1.88 per cent to Rs 218.60 in Thursday's trade as of 01:56PM (IST). The stock hit a high price of Rs 221.60 and low of Rs 216.35 during the session. The return on equity (ROE) for the stock stood at 27.58 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 2.09 crore around that time. The stock of Ashok Leyland Ltd. quoted a 52-week high price of Rs 264.70 and 52-week low prices of Rs 157.65, respectively.

Au Small Finance Bank Ltd. traded 2.0 per cent in Thursday's trade at 01:19PM (IST). Around 64,719 shares changed hands on the counter. The scrip opened at Rs 550.05 and touched an intraday high and low of Rs 553.00 and Rs 540.90, respectively, in the session so far. The stock of Au Small Finance Bank Ltd. quoted a 52-week high of Rs 813.00 and a 52-week low of Rs 540.90.