SUN Financial News

₹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.

Vishakha Mulye was chosen as Businesswoman of the Year for her role in driving growth at the financial services arm of Aditya Birla Group as chief executive of Aditya Birla Capital (ABCL). Mulye, who assumed charge in July 2022 after working at ICICI Bank for 30 years, successfully transitioned the non-banking finance company (NBFC) from a book dominated by large lumpy wholesale clients toward smaller, better-yielding retail clients. In the two-and-a-half years at the helm, Mulye has raised 4,000 crore of capital at the holding company level, selling part of the company’s stake in the broking business, and divesting shares in the asset management company. Additionally, she consolidated the financial services business by merging the NBFC with itself. Under her leadership, the holding company’s assets under management rose to `. 5 lakh crore from `. 3.55 lakh crore, and the consolidated lending book doubled to `. 1.38 lakh crore from `. 67,887 crore. She won the category in a tight vote, indicating the level of the competition among the women nominees. “Vishakha is a very good manager… and is working towards transforming Aditya Birla Capital,” said one jury member.

Geminid meteor shower, one of the year’s most spectacular cosmic events, is set to peak on December 14-15, 2024. Known for its bright and fast streaks of light, this shower can produce up to 120 meteors per hour under perfect conditions. However, the near-full moon during the peak may reduce visibility, allowing for about 15 meteors per hour in most areas. This celestial show is unique as it originates from an asteroid rather than a comet, adding an extra layer of intrigue for stargazers. Viewing opportunities are available worldwide, with clear skies offering the best chance to experience the spectacle.

Building a $1 million nest egg may seem an impossible feat.

NFL is reportedly reassessing its partnership with the company of Jay-Z named Roc Nation following the extremely shocking allegations linking him to a sexual assault incident involving Sean Diddy Combs, reported The US Sun. According to The US Sun, the lawsuit which was actually filed by an unnamed woman claims that both men participated in the assault at a party in the year 2000 when she was just 13 years old. While Sean Diddy Combs is currently lodged in jail awaiting his trial for racketeering and sex trafficking, this is the very first time Jay-Z has been publicly implicated in any allegations against him. Also Read: Dexter: Original Sin: Check confirmed premiere date, time, episode schedule and where to watch

Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah. World Liberty Financial Inc, founded by the Witkoff family two months before November's U.S. election with Trump as a financial beneficiary, presents concerns over ethics and conflicts of interest, say six specialists in U.S. government ethics. Among their biggest concerns is World Liberty's new partner: Tron crypto platform.

US Vice President Kamala Harris has been nominated for Time Magazine Person of the Year 2024 while sparking significant online mockery and skepticism due to her recent defeat in the US Presidential Election against Republican Presidential candidate Donald Trump, reported The US Sun. According to The US Sun, the shortlist which eventually includes notable figures such as Donald Trump, Elon Musk and Kate Middleton will see the winner announced on December 12. Several critics on social media have eventually questioned the rationale behind the nomination of Kamala Harris while pointing out that she lost the election and suggesting that the award should go to Donald Trump instead who made a remarkable political comeback. Also Read: Is true face of Cleopatra found? Here’s what an archaeologist claims to have unearthed about famous queen

Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery

Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO). Saxena’s resignation, effective on December 3, was officially submitted on September 6, according to a regulatory filing.

comets may have delivered water to Earth. This theory has faced challenges due to conflicting data from past research. New findings suggest dust on comets could affect key measurements.

The rhythmic sound of waves lapping against the shore — no matter the traffic noise — adds to the sensory symphony. It's a melody that soothes the soul, making life extra-ordinary. In these minutes, especially short otherwise in December, time seems to stand still. The chaos of the world fades, leaving only the mirror of the waters and the quiet fire of the sun descending into its embrace. It's a sight that evokes both humility and awe. Here, one is reminded of life's simple pleasures, the beauty that exists without cost or effort.

Swiss billionaire is commissioning the construction of the world's longest gigayacht which is named as Ulyssia and which will surpass the Titanic in size at an impressive 1,050 feet, reported The US Sun. According to The US Sun, this luxury vessel is designed to accommodate 133 apartments which will be including 10 penthouses and 22 guest suites with living spaces ranging from 1,184 to over 10,258 square feet. At the same time, each apartment will be featuring some high-end amenities akin to a five-star hotel while including open-plan kitchens and large windows for stunning views. Also Read: China's new invention in space arena: Here's what the country plans to do to colonize the moon

The NSE Nifty index ended the session 181.11 points up at 24457.15, while BSE Sensex 597.67 points to 80845.75.

Inox Wind Ltd.(up 9.47%), Torrent Power Ltd.(up 6.00%), Ravindra Energy Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.97%), Neueon Towers Ltd.(up 4.82%), GE Power India Ltd.(up 3.72%), Jyoti Structures Ltd.(up 3.17%), GMR Power and Urban Infra Ltd.(up 1.60%), Adani Green Energy Ltd.(up 1.55%) and Indo Tech Transformers Ltd.(up 1.48%) were among the top gainers.

The NSE Nifty index traded 1.25 points down at 24129.85, while BSE Sensex was 89.22 points at 79713.57 as of 09:58AM(IST)on December 02.

The NSE Nifty index was trading 7.4 points down at 24123.7, while BSE Sensex was 109.35 points at 79693.44 at the time of writing this report.

Justin Sun created waves on Friday by fulfilling a quirky promise: eating a $6.2 million Rs 52,45,89,440) artwork titled Comedian, featuring a banana duct-taped to a wall. This unusual event took place at the luxurious Peninsula Hotel in Hong Kong, drawing a crowd of journalists and influencers eager to witness the spectacle. According to Associated Press, the artwork, a conceptual piece by Italian artist Maurizio Cattelan, was purchased by Sun during a Sotheby’s auction in New York. Reflecting on his acquisition, Sun admitted to a moment of disbelief upon winning the bid. “In the first 10 seconds, I couldn’t believe it,” he shared. “But soon after, I realized this could become something big.”

Aditya Birla Sun Life Mutual Fund has announced the launch of the Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity scheme following the conglomerate theme. The New Fund Offer (NFO) of the scheme will open for subscription on December 5 and close on December 19. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme's investment objective is to achieve long-term capital appreciation by investing in equity and equity-related securities of companies that follow a conglomerate theme. The scheme will be benchmarked against the BSE Select Business Groups Index and will be managed by Harish Krishnan and Kunal Sangoi.

Sun Pharmaceutical Industries Ltd on Thursday said the Ministry of Corporate Affairs has levied penalties on certain past and present directors and officials, including CMD Dilip Shanghvi, for non-disclosure and not obtaining approval of its board and shareholders for certain related party transactions. The company has received an order from the Regional Director, North Western Region, Ministry of Corporate Affairs, for alleged violations of certain provisions of the Companies Act, 2013, Sun Pharmaceutical Industries said in a regulatory filing. «A total combined compounding fee is levied on certain past and present directors/officers of the company — Dilip Shanghvi (Rs 9.5 lakh), Sudhir Valia (Rs 9 lakh); Sailesh Desai (Rs 9 lakh); K Subramanian (Rs 1.5 lakh); Uday Baldota (Rs 6 lakh) and C Muralidharan (Rs 1.5 lakh),» the filing said. This matter pertains to the earlier investigation carried out by SEBI, in which a settlement was reached with the markets regulator in February 2021 without admission or denial of guilt; however, on the same matter, the Ministry of Corporate Affairs also initiated an investigation in parallel in 2019, it added.