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Abha Power and Steel will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 15 in the grey market. Considering the upper price band of Rs 75, the stock is expected to see a listing premium of just over 20%.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the assets the Adani group owns, whether it's in power generation, distribution, or even things like roads, airports, data centers, and ports, all have huge growth potential ahead. They've built up a solid capacity and are reinvesting a good chunk of cash flow back into the business, which is a smart move. They might tweak their growth strategies a bit, but using their free cash flow to fuel future expansion in these areas would be a great idea. The recent drop in stock prices is a solid buying opportunity for investors. Adani stocks fell and they have recovered. Can we ignore the news and just move on? Deven Choksey: From day one, I have been making a viewpoint that fundamentals do not change because of whatever the allegations have come up from the Department of Justice in the US court. In my viewpoint, the fundamentals remain strong. With Rs 85,000 crore EBITDA and growing at the rate of 20% per annum on a 2,40,000 crore debt, the balance sheet of the group itself is very solid with the cash flow generation that they have.

Apex Ecotech will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 45 in the grey market. Considering the upper price band of Rs 73, the stock is expected to see a listing premium of just over 60%.

NSE SME platform Thursday. The Rs 98 crore SME IPO received a massive subscription of over 300 times at close, driven by strong bidding from retail and non-institutional investors. Firstly, here's how you can know the status on NSE

company aims to raise Rs 114 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Subscribe to enjoy similar stories. The hotel industry is an essential barometer for economic trends, reflecting consumer behaviour, disposable income, and overall market conditions. Its performance mirrors economic growth, with demand and supply tied to economic cycles.

Elon Musk will obviously be at the top of the list, owing to his multiple ventures, including X, SpaceX, Tesla, xAI and more. Now, he has received permission to open doors of his own kind of a pre-kindergarten Montessori school in Texas, whose initial permit has now been processed.

credit card additions at Indian lenders even through the festive season, with analysts anticipating a circumspect approach from banks as pockets of the consumption economy show signs of a demand fatigue. Latest Reserve Bank of India (RBI) data published recently showed credit card additions fell almost 50% year-on-year in October, taking the total card base to about 107 million. Lenders added 786,000 new cards for the month over September. «Net new card additions are expected to moderate in the near term due to rising delinquencies in the credit card receivables,» said Bunty Chawla, research analyst at IDBI Capital Markets. «Most lenders remain cautious on new card disbursements also due to RBI's risk weight norms. Though we expect card spends to remain range bound in the coming months.»

finance ministry that they will continue to deny investigative agencies permission to investigate their employees unless they are provided with material evidence of wrongdoing. The finance ministry is meeting with the CEOs and chief vigilance officers (CVO) of PSU lenders today (Wednesday) on resolving conflicts between banks and investigative agencies probing bank officials. According to the banks, investigative agencies have initiated probes on the basis of suspicion and not evidence, and the investigation process is humiliating and often followed by raids. «It demoralises other employees who are not on the radar,» a senior banker said. The agencies contend that the denial of permission to investigate bankers for alleged frauds has resulted in a significant backlog of unresolved cases.

asteroid is on a collision course with Earth. It is expected to enter the atmosphere over northern Siberia tonight. Space experts confirm the event will cause no harm.

Justin Trudeau has recently opened up about her personal growth following their separation in the year 2023 after 18 years of marriage, reported The Telegraph. In a recent interview with The Telegraph, she discussed how mental health techniques have helped her navigate the emotional challenges of their split. She also emphasized on the importance of learning to ‘cut ties’ and not cling to relationships at all while stating ‘I’ve trained my brain to deal with uncertainty’. Also Read: Asteroid on collision course with Earth: Here’s asteroid size, impact timing, effect and where to watch

Lionel Messi and Cristiano Ronaldo are still popular and respected by their fellow players even though they no longer play for European clubs. The 37-year-old Messi and 39-year-old Ronaldo were the only players not with clubs in Europe to be voted on a 26-man shortlist for the world team of the year organized by global players' union FIFPRO on Monday. The other 24 nominees played in the past year with clubs in England, Germany, Spain and France, though Kylian Mbappe was the only French connection after spending last season at Paris Saint-Germain.

Alex Carey has said. Australia have won 11 of their 12 pink ball tests and all seven they have played at Adelaide Oval, including a victory over India in the last home test series when they skittled Virat Kohli's team for 36. «We're excited. We should take a lot — and we do take a lot — of confidence out of our record from pink ball cricket,» Carey told reporters on Tuesday.

After vowing for years he wouldn't interfere with the judicial system, Biden has granted 'a full and unconditional pardon' to his son Hunter. The pardon not only covers the gun-related and tax evasion charges Hunter has been convicted of, but also crimes he may be charged with in the future. The blanket pardon covers any case that may come down the line from Trump's justice department. Republicans may try to punish Hunter for trading on his father's name while Biden was VP, and receiving $10 million in payments from Chinese and other foreign companies. But no worries, the father has secured his son before signing off.

Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global workforce as part of a major restructuring effort.

Agribusiness giant Cargill is laying off thousands of its employees

GMR Infra Enterprises by a trust linked to the Abu Dhabi Investment Authority (ADIA). In a statement, the regulator said Platinum Stone A 2014 Trust (acting through its trustee Platinum Rock B 2014 RSC) had proposed to subscribe to unlisted and unrated optionally convertible debentures (OCDs) of GMR Infra Enterprises. GMR Group had in October said it had secured Rs 6,300 crore debt funding from ADIA and that the proceeds will be utilised for refinancing loans of GMR Enterprises, the promoter of GMR Airports.

Large government budget deficits suggest that sovereign debt could rise by a third by 2028 to approach $130 trillion, the report from the Institute of International Finance (IIF), a financial services trade group, found — increasing repayment risks worldwide. «Rising trade tensions and supply-chain disruptions threaten global economic growth, increasing the likelihood of mini boom-bust cycles in sovereign debt markets as inflationary pressures resurface and public finances tighten,» it said in its report, adding that the increased interest cost as a result could «exacerbate fiscal strains» and make debt management increasingly difficult.

Michel Barnier's Cabinet. A no-confidence vote is scheduled Wednesday at parliament in the wake of a divisive budget debate, with a great chance of being successful. If the motion passes, Barnier's Cabinet would be the shortest-lived government in France's modern history, marking an unprecedented period of political instability.

Indian exports, commerce and industry minister Piyush Goyal said in Lok Sabha. This has resulted in increased time for goods to reach international markets. “No shortage of containers has been, however, reported on account of the longer voyage time or the Red Sea conflicts issues and Russia-Ukraine War,” he said. He also said limited demand for containers manufactured in India and accordingly the limited manufacturing capacity for containers in the country.

Job openings, a measure of labor demand, had risen 372,000 to 7.744 million by the last day of October, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for September was revised lower to show 7.372 million unfilled positions instead of the previously reported 7.443 million. Economists polled by Reuters had forecast 7.475 million vacancies. Hires fell 269,000 to 5.313 million. Layoffs decreased 169,000 to 1.633 million.