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₹5,500 crore through an initial public offering (IPO). This will be the first IPO by a two-wheeler maker in India since the debut of Bajaj Auto in 2008.

debt could be 100% of GDP by FY28, stating that centre and states were on path of consolidation and the general govt debt is expected to decline substantially in the medium- to long-term. The government noted that the IMF staff report had presented the figures as a worst-case scenario and was not a ‘fait accompli’. “It is also noteworthy that the same report indicates that under favourable circumstances, the General Government Debt to GDP ratio may decline to below 70 per cent in the same period.

Ethereum and Solana are two tokens that have shown meteoric price growth in the past months. Unfortunately, not everyone was able to join the train.

Scammers have over the past nine months used a wallet-draining service named “MS Drainer” to siphon around $59 million worth of crypto from numerous victims, according to a recent report by blockchain security firm Scam Sniffer.

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{Bitcoin} continues to consolidate using the $42,700 average level in December as a pivot level. Which direction could the world's largest cryptocurrency move next?

Investing.com — Nike (NYSE:NKE) reported second-quarter results that beat analysts' expectations, but the sportswear giant tempered expectations, warning of a softer second-half outlook for revenue as it looks to streamline operations to cut costs.

Investing.com — The main indices point toward a weaker open on Wall Street, amid a degree of caution ahead of the release of key U.S. inflation numbers. A weak outlook from sporting retail giant Nike also weighed, although a continuation of the year-end rally with weekly gains still looked likely. The news in the U.K. was less impressive, as its economy retreated in the third quarter, opening up the possibility of a recession to end the year.

NHTSA). This recall will primarily affect the 2021-2023 Model S and Model X vehicles of Tesla, as the cars fail to comply with certain federal safety standards. Those who do not know, Tesla had also recalled more than two million vehicles in the U.S.

₹135.9 apiece, which was 4.3% lower than the IPO price of ₹142 per share. At current levels, the stock is still trading 1.40% below its issue price. However, according to recent projections from brokerage house Investec, there may be a potential reversal of this trend going forward, driven by the company's increasing market share.

Christmas Eve is almost here

Tribhuvan Chauhan, Patna, Bihar

Wipro, amid mixed global cues. Domestic market sentiment has been broadly positive lately on healthy macroeconomic prints. Also, global inflation going down globally and the US Federal Reserve saying they won't raise interest rates anymore have made investors even more positive.

₹1213. We are of the view that equity and other asset classes, such as debt, real estate, or gold, may provide investment opportunities during the calendar year 2024, which would give a decent return in the coming 2 to 3 years.

SDGs) and SDG-related climate targets, including through multilateral institutions where India and Germany are members, such as the International Solar Alliance (ISA)," the two sides said in a joint declaration of intent released in May 2022. The two sides are also considering expanding their collaboration into Madagascar and Ethiopia, Dhanda told Mint.

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additional installment of tax Devolution to States on Friday up and above the regular 14 installments released to the states on the basis of recommendation by the Finance Commission.. This is in addition to tax devolution due to States on 10 January 2024 and the installment of Rs 72,961.21 crore already released on 11 December 2023, the finance ministry specified in a statement released Friday. It added that the additional fund is released to the states in view of the forthcoming festivities and the New Year. «In view of the forthcoming festivities and the New Year, the Union Government has authorised the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes,» Finance Ministry said. Generally the centre releases funds under tax devolution to states on 10th of each month.

ICICI Securities is bullish on the Indian markets and has a target of 24,200 for Nifty 50 in the calendar year 2024 driven by foreign fund inflows. “The Nifty has a tendency to extend the move towards mean+3 sigma levels after crossing life highs. Heavyweight stocks from BFSI, Auto, Cement and Healthcare should lead Nifty towards 24,200 levels in CY-24," said Pankaj Pandey, Head Research, ICICI Direct in a report.

Sonam Udasi, Senior Fund Manager at Tata Mutual Fund expects the Budget 2024 to continue on its stated path of fiscal deficit targets. Moreover, Udasi does not expect a populist budget ahead of the General Elections 2024. In an interview with Mint, Udasi shared his views on markets and the rise of retail investors.

Dabur India), gave positive returns in the current calendar year with 3 rallying over 50 percent. Varun Beverages was the top gainer, surging almost 87 percent in 2023, followed by Radico Khaitan and Colgate-Palmolive, which soared 58 percent and 56 percent, respectively. Meanwhile, ITC, Tata Consumer Products, Nestle India, United Spirits, Godrej Consumer, and Britannia Industries advanced between 20 and 37 percent each.

Flipkart on December 21 confirmed that parent company Walmart will infuse around $600 million in the Indian e-commerce firm, Reuters reported. This $600 million is a part of the total $1 billion fresh capital that Flipkart is aiming for, sources told the agency. Walmart is the largest shareholder in the Bengaluru-based start-up.