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government infrastructure projects stayed below the 18% mark for the second month in a row in November, according to data released by the government. Cost overruns rose slightly to 17.5% in November, compared with 17.4% in the previous month—the lowest value in nearly four years. However, the number of projects running behind schedule further declined to 46.1% from 46.6% in the previous month, and so did the average time overrun. The number of central government projects under valuation rose to 1,831 in November from 1,788 in the previous month, as it added 58 new projects in November, most of which belonged to the road sector. Meanwhile, 11 projects were completed during this month. A total of 845 projects were delayed with respect to the original schedule, and another 152 were additionally delayed. “Of these 152 projects, 41 are Mega Projects costing Rs 1000 crore and above,” the report noted. The government tracks projects with a value of Rs 150 crore and above.

₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share. However, soon after the listing, India Shelter share price declined more than 8% as investors took some profit off the table. Analysts believe investors of India Shelter Finance IPO should book part profit after share listing and can keep the rest of the shares for the long term.

financial planning, one needs to set a goal, an objective, a direction or an aspiration. Historically, when an investor starts making a financial plan, they usually follow one of the two schools of thought – goal-based investing or age-based investing. But when one starts financial planning the most important concept is asset allocation, which simply means how much money one needs to park in which asset.

₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer. The IPO opened on Monday, December 18, and will close today, December 20, 2023.

The future of fueling looks promising, with renewable fuels and electric vehicles (EVs) among its options. Hydrogen-powered vehicles “Hydrogen is the fuel for the future and the most important way through which India can become a net exporter of energy,” said Union Minister for Road Transport and Highways, Nitin Gadkari. Hydrogen-powered vehicles are emerging as a viable alternative to traditional gasoline and diesel engines.

DOMS Industries shares got listed at a premium of 77.2% (Rs 610) at Rs 1400 apiece on the bourses on Wednesday. The issue was priced at Rs 790 at the upper end. Net proceeds will be utilised for the part funding of the cost of establishing a new manufacturing facility and general corporate purposes. DOMS Industries' public offer was subscribed 93 times at close. The category reserved for retail investors was subscribed the most at 69 times, followed by NIIs at 66 times. The QIB portion of the issue was booked 116 times. The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential. «The hefty GMP already anticipates much of the company's future growth, leaving limited immediate gains on the table. Therefore, we recommend skipping fresh buys on the listing. Investors seeking quick profits can consider booking gains and exiting,» said Shivani Nyati, Head of Wealth, Swastika Investmart. Also Read: RBZ Jewellers IPO: Should you subscribe to this Rs 100-crore issue?

Rashmika Mandanna 'Deep Fake' video: What are deep fakes and how to spot them? Experts share tips Earlier on November 24, the case hit a dead end as social media platforms said they were unable to give information about the individual(s) who allegedly made the deepfake profiles. Sources told ANI the accused either removed or deleted their account from social media platforms. Officials said the account could have been created with a fake identity and using a Virtual Private Network (VPN) to upload the deepfake videos.

Azad Engineering is one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers in the aerospace and defence, energy, and oil and gas industries. The company makes complex and highly-engineered precision forged and machined components that are mission and life-critical and hence, some of their products have a zero parts per million defects requirement. Also Read: Happy Forgings IPO opens for subscription. Should you apply? Azad Engineering IPO review: Should you bid? Despite on-par valuation with peers, analysts advised investors to subscribe to the issue over the company's strong financial track record and superior outlook on growth. «The company has a solid track record, a strong business plan, and management experience that has produced positive results in the past.

By Stella Qiu

Making yourself rich doesn’t revolve around only making money. Instead, it mandates an individual to have the ability to spend and utilize the money wisely. Individuals are constantly looking for successful methods for growing their wealth and ensuring their financial security in today’s uncertain financial market. Among the many strategies for achieving financial independence, one has stood out for its ability to bring in considerable income: the Income Avalanche through wise stock market investments.

₹106,155.67 per kl on 1 December, marking the second reduction in a month after a nearly 6% decrease on 1 November. Despite these cuts, prices remain over 80% higher than in 2019. This consecutive reduction offers some respite to Indian airlines, which had added a fuel surcharge in October to offset the soaring costs.

A recent warning by YahooFinance warns investors to sell their cash and buy bonds and stocks now as the Fed pauses.To wit:

Apple is temporarily ceasing sales of two recently released smartwatch models, the Apple Watch Series 9 and Apple Watch Ultra 2, in the U.S. The discontinuation is a response to a ruling by the U.S. International Trade Commission, which found that Apple's blood oxygen feature infringed on the patent rights of medical technology company Masimo. The removal of these devices from Apple's website is scheduled for 3 p.m. ET Thursday, and they will no longer be available in Apple retail stores after Sunday. Apple plans to challenge the decision, expressing concern about the potential impact on users relying on the watches' safety and health features.

MV Ruen, which was hijacked by around six pirates, 680 nautical miles east of Bosaso, the commercial capital of Somalia’s breakaway Puntland region, was moved on Monday to Indian stealth destroyer INS Kochi for medical assistance following a bullet injury in firing by pirates, news agency ANI reported Tuesday. The crew member had a bullet injury near his shoulder during the piracy incident but was reported to be stable.

Considering the upper price band of Rs 493, the stock is likely to debut at a premium of 32%. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. At the upper price band, the company is valued at P/BV of 2.4X with a market cap of Rs 5,278 crore post the issue. India Shelter Finance boasts strong fundamentals built on years of experience in the affordable housing market. The company has a diverse portfolio and strong distribution network, catering to the growing demand for quality and affordable homes. «The company has demonstrated consistent financial performance with a track record of revenue and profit growth.

The Coinbase (NASDAQ:COIN) price target was lifted to $200 from $145 at Compass Point on Tuesday, with the firm maintaining a Buy rating on the stock.

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Heritage Foundation senior fellow Brent Sadler reacts to BP pausing Red Sea oil shipments after Houthi attacks on 'Varney & Co.'

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A vehicle used to track longer-dated U.S. government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.