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Salaar’ is on a rampage at the box-office, with no signs of slowing down. The Prabhas-starrer is crossed a whopping Rs 179 crore within three days of release! According to the Indian box-office tracking portal Sacnilk.com, the Prashanth Neel directorial minted a staggering Rs 56.35 crore on Saturday and Rs 32.58 crore on Sunday. The movie collected Rs 34.25 crore in Telugu, Rs 16.35 crore in Hindi, Rs 3 crore in Tamil and Rs 1.75 crore in Malayalam on Saturday. The movie became the highest opener in 2023. It dethroned it’s BO rival, the SRK-starrer ‘Dunki’ and earned over Rs 90.7 crore on the day of release.

IPO, are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The public offer of Motisons Jewellers was subscribed 159.6 times at close, led by heavy bidding by qualified institutional buyers and non-institutional investors. The retail portion of the issue was subscribed 122.28 times, and the non-institutional category's subscription rate stood at 233.91 times. The allocation for qualified institutional bidders was booked 157.4 times.

₹49 trillion in November, led by impressive growth in equity funds amid bullish market sentiment and strong inflows. Equity assets (including index funds) in November were up 32.3% from a year earlier. Since January, equity-oriented schemes have seen net inflows of ₹1.4 trillion, a tad lower than ₹1.5 trillion in the same period a year ago.

Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday, according to CFTC data compiled by Bloomberg. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year.

Ashi Anand, Founder & CEO, IME Capital, says “we are seeing a larger risk on trade, FII flows are starting to come back in. It is really the context of the current strength in metals. But from a slightly longer-term perspective, the Chinese economy is really struggling and importantly, it is the housing sector in China which is really struggling the most. Just two days ago, a Chinese developer went bankrupt. Now, China has been the core driver of global demand for metals and if the biggest demand driver is really going to be weak, it is really difficult to build any kind of longer-term fundamental call on at least the core metals.” A lot of interest in the IPO market and considering you track this space closely, any business that you have liked, any IPO that you have subscribed to? Ashi Anand: Yes, we are tracking the IPO space. There are certain interesting IPOs coming up. There are certain D2C brands which are coming up. There are certain other digital platforms. So, it is a space that we are tracking. The only problem is the IPO market is probably a bit too hot. Participation is probably being too high. There is a large amount of IPOs which probably are not of that high quality seeing very large subscription numbers.

Stock market this week: Indian frontline indices S&P BSE Sensex and Nifty50 ended with half a percentage points cuts on weekly basis amid profit booking at higher levels. When markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday. «Nifty gained for the second consecutive day after witnessing a sharp fall on Wednesday. The index closed with gains of 94 points at 21,349 levels. Majority of the sectors ended in green with buying seen in IT, realty, metals and pharma. The underlying tone of the market remains positive. However, as we enter into holiday mood starting this weekend, we expect the market to remain range bound with stock specific action next week,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Factors that are likely to impact movement when markets reopen this week: US Markets

Thomas Schneeweis says focusing on past performance is the first and biggest mistake investors make when it comes to asset allocation. According to Schneeweis, investors should be rather focused on risk instead of returns. “Much of the past, though interesting, may have very little relevance to what we do today,” he said.” Who is Thomas Schneeweis? Thomas Schneeweis is the Founding Editor of The Journal of Alternative Investments and is co-founder of the Chartered Alternative Investment Analyst Association. He has more than 40 years’ experience in investment management. He is Partner and Head of Research at Yes Wealth Management which provides financial advisory as well as risk based asset allocation and Quantitative Investment Technologies. He has co-authored several books in the area of asset management including The New Science of Asset Allocation: Risk Management in a Multi-Asset World and PostModern Investment: Facts and Fallacies of Growing Wealth in a Multi-Asset World. Investing in hedge funds Schneeweis offered several investment tips on what to look at when investors are looking to invest in hedge funds.

general elections and further reduction in inflation will help revive consumer demand across categories from grocery to apparel to electronics from March-April onwards, with rural markets and mass-segment products already showing signs of recovery, chief executives of several leading companies said. Consumer goods companies were earlier expecting demand to recover in the December quarter. While that hasn't materialised, chief executives said slowdown in consumption has come to a halt and that sales of mass-segment products are picking up after a gap of over three years. «While green shoots of recovery are visible in rural India, the demand growth is still trailing urban markets,» Dabur India chief executive Mohit Malhotra said.

vessel transporting crude oil to India from Saudi Arabia caught fire off the Porbandar coast on Saturday, with a drone attack being suspected behind the incident. Indian Coast Guard and Navy assets have responded to the stricken vessel, which has reported that the fire has been put out but has caused unspecified damage that has impacted its functioning. Citing British maritime security firm Ambrey, an agency report said the vessel was affiliated with Israel and was struck by an uncrewed aerial vehicle. Officials said that Merchant Vessel (MV) Chem Pluto that was on its way to Mangalore from Jubail in Saudi Arabia when the incident took place.

Indian Premier League (IPL)? In the IPL auction earlier this week, for example, Australian fast bowlers Mitchell Starc (Rs 24.75 crores) and Pat Cummins (Rs 20.50 crores) together attracted bids totaling Rs 45.25 crores – nearly half the total budget of a team. Even a relative rookie, Spencer Johnson, received Rs 10 crores. Meanwhile, South African pacer Gerald Coetzee got Rs 5 crores, and the World Cup’s third-highest wicket-taker, Dilshan Madhushanka of Sri Lanka, received only Rs 4 crores.

DLF plans to generate sales of Rs 1,400 crore from its latest commercial project in Gurugram and residential project in Panchkula, said Aakash Ohri, joint managing director of DLF Home Developers Ltd. The company is on track to surpass its guidance of launching luxury residential projects worth Rs 12,400 crore in 2023-24, he said, amid the ongoing price increase in the premium property segment. Additionally, the real estate developer's recently unveiled Central 67 project, spanning 8.69 acres and featuring shop-cum-office spaces, is expected to generate revenue of Rs 700 crore. «The project is fully sold out, with substantial interest from end users. The high-street segment is in high demand, and the presence of several residential developments in proximity to the project will attract foot traffic to the complex,» said Ohri. Plot sizes start at 140 square yards and the project provides dedicated space for commercial activities. «Located at the Sohna elevated corridor, this project assures effortless connectivity to major business hubs and cities through the Delhi-Mumbai Industrial Corridor, ensuring convenience,» said Ohri. The company is expecting another Rs 700 crore from The Valley Orchard, low-rise residences in Panchkula, Haryana.

Indian Navy warship is reportedly moving towards the distressed merchant vessel and is expected to reach the merchant ship in the next few hours. -An Israel-linked merchant ship, MV Chem Pluto, carrying crude oil was going towards Mangalore from a port in Saudi Arabia -The merchant ship carrying a large crew fleet, including 20 Indians, caught fire when hit by a suspected drone strike -The merchant vessel was reported to be present at 217 nautical miles off Porbandar coast, defence officials said -The Indian Coast Guard Ship ICGS Vikram, deployed on patrol of the Indian Exclusive Economic Zone started moving towards the merchant vessel MV Chem Pluto in distress -The Indian Navy warships in the vicinity are also moving towards the distressed vessel with around 20 Indian crew members, who are all reported to be safe -Indian Coast Guard Dornier maritime surveillance aircraft has established communication with the distressed vessel MV Chem Pluto.

The IPO of Azad Engineering was subscribed 80.6 times on the last day of the bidding process. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times.

Also Read: Donald Trump disqualified from Colorado's presidential primary ballot | What it means for 2024 US elections? The Supreme Court, which has a 6-3 conservative majority, including three justices nominated by Trump, denied the request in a one-line order that did not provide any reason for the decision. The 77-year-old, the frontrunner for the 2024 Republican presidential nomination, is currently scheduled to go on trial on March 4, 2024 on charges of conspiring to overturn the November 2020 election won by Democrat Joe Biden.

U.S. Transportation Secretary Pete Buttigieg spoke Tuesday alongside FAA Administrator Michael Whitaker in Arlington, Virginia.

By Georgina McCartney and Arathy Somasekhar

US Commerce Department will begin gathering information on Chinese production of legacy semiconductors chips that aren't cutting-edge but are still vital to the global economy as it looks to track how deeply reliant US companies have become on the technology from China. In January, the agency's Bureau of Industry and Security will survey more than 100 companies in autos, aerospace, defense and other sectors to understand how they procure and use legacy chips, according to a Commerce official.

North Western Railway (NWR) official on Thursday. The project is intended to improve the country's railway system testing facilities. Indian Railways is soon going to realize the dream of the country's first fast railway test track, work is in progress 24/7. Construction of the country's first railway test track, being built on the lines of America, Australia and Germany, is underway near Navan City Railway Station in Didwana district of Rajasthan.

By Scott DiSavino

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.

Researchers at the Indian Institute of Science (IISc) in Bengaluru have developed an artificial intelligence (AI) tool that can detect a nerve-related disorder known as carpal tunnel syndrome (CTS). The tool developed by IISc researchers in collaboration with Aster-CMI Hospital, Bengaluru detects CTS by identifying the median nerve in ultrasound videos.