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Faisal bin Farhan Al Saud in the national capital. The two leaders held deliberations during the second meeting of the Political, Security, Social and Cultural Committee of the India-Saudi Arabia Strategic Partnership Council (SPC). «Delighted to co-chair along with FM @FaisalbinFarhan of Saudi Arabia the 2nd Meeting of the Committee on Political, Security, Social and Cultural Cooperation #PSSC under our Strategic Partnership Council in Delhi today. Held productive discussions on our multi-faceted bilateral ties including defence partnership, security cooperation, trade & investment, culture, tourism & youth exchanges and our people to people connections. We also exchanged views on regional and international issues, especially the ongoing conflict in West Asia and our joint efforts in various multilateral fora,» Jaishankar said in a post on X.

Swiggy made a muted debut by listing at a small premium of 8% over its issue price. After listing, Swiggy shares jumped 9% to Rs 449 on BSE, with its market capitalization crossing the Rs 1 lakh crore mark. The issue, which opened on November 6, was subscribed 3.6 times the shares on offer driven by institutional investors on the third and final day. Retail investors subscribed to their portion 1.14 times while the portion reserved for employees saw 1.65x bidding. Non-institutional investors, which include corporates and high net worth individuals (HNIs), bid for only 41% of the shares reserved for them. Analysts had anticipated Swiggy's muted debut on the bourses as weakness in the broader market dampened appetite among individual investors for newly-listed companies. The grey market premium — the price in the unofficial market that investors pay for the unlisted shares before listing — was at Rs 2 for Swiggy on Tuesday, a 0.5% premium to the upper price band of Rs 390.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says he typically tries to buy stocks following the three-U philosophy. He buys the undervalued, under-owned and underperforming stocks. So, for him, the valuation of food valuation and q-comm stocks has been a big constraint as at these valuations, the margin for safety is quite low. So, even though growth will come, there is not that much margin of safety. What is happening in the market? Can a conclusion be drawn that it is the disappointment on the earnings front that is leading to such a downtick in the markets? Or do you think there are a lot of moving parts that one needs to watch out for? Jyotivardhan Jaipuria: I guess the starting point was valuation. The valuations have been expensive for some time. A lot of us have been expressing concerns about that. So, when valuations are expensive, you need one trigger. The earnings were a little disappointing, that was one trigger. Also, probably the fact that China did a stimulus and there was a revival in interest in China. So to that extent, people are taking money off the table in some of the other countries that have done well. So, those would be the two points to think about in this correction.

Donald Trump’s victory, driving the cryptocurrency to new all-time highs (ATH). Following Trump's win, Bitcoin surged over 30%, peaking at an ATH of $89,956 and maintaining a bullish trend since then. However, after reaching the record high of $89,956 on Tuesday, Bitcoin saw some profit-taking on Wednesday. As of 12:32 pm, the cryptocurrency was trading 3% lower at $86,740.

Dalal Street as Nifty is now 10% from its 52-week high of 26,277 while Sensex has lost over 8,000 points from its peak. While the headline indices will be treated in bear grip if they fall below 20% from the peak, retail investor portfolios are already reflecting signs of a bear market as more than 900 stocks above Rs 1,000 crore market capitalisation are down at least 20% from their 52-week high levels.

shares opened slightly lower on Wednesday, mainly dragged by technology stocks, while investors focussed on a key U.S. inflation print due later in the day that could alter market expectations on the Federal Reserve's interest rate path. The pan-European STOXX 600 slipped 0.1%, as of 0809 GMT, extending losses after a near 2% drop on Tuesday.

Ashok Leyland Ltd. 0.88 per cent to Rs 219.35 at 01:58PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 358,929 shares with a turnover of Rs 7.78 crore till 01:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 24.35, while the price-to-book value ratio stood at 5.58.

Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like.

Tube Investments of India Ltd. traded 2.16 per cent in Wednesday's session at 01:37PM (IST). The stock opened at Rs 3562.10 and has touched an intraday high and low of Rs 3580.70 and Rs 3470.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 4807.05 and a 52-week low of 3130.50. About 10,611 shares changed hands on the counter so far.

Zinka Logistics, which opened for subscription earlier today, has been subscribed by 21% so far on the first day of the bidding process. Around 1:15 pm, the issue had attracted 46,70,514 bids out of the total 2,25,67,270 available for subscription. The highest demand was driven by the retail investors subscribing to the issue by 35%, followed by the qualified institutional buyers (QIBs)

HDFC Asset Management Company Ltd. 2.17 per cent to Rs 4300.65 in Wednesday's trade as of 01:48PM (IST). The stock hit a high price of Rs 4366.60 and low of Rs 4260.00 during the session.

Dogecoin surged over 10% to $0.3869 in the early Asian trading hours on Wednesday after U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency (DOGE). The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said in a statement that Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added that the move would shock government systems.

TCS shares and got allotted have seen their wealth become 20 times in 20 years, if they have held on to the shares. And they have to thank former Tata group chief Ratan Tata for that. TCS had issued shares at Rs 850 to investors in its IPO in 2004. And since then, it has issued 1:1 bonus shares twice: First time in 2009 and later in 2018. So if an investor got 1 share allotted in TCS IPO, he holds 4 shares after two bonus issuance. Currently, TCS shares are trading around Rs 4200 in Mumbai market, making investors 20 times wealthier in 20 years. After the death of Ratan Tata last month, former TCS CEO S. Ramadorai, who was at the helm when the company went public, shared how Ratan Tata made the wealth creation possible for Indian retail investors. Ratan Tata had served as the chairman of Tata Group from 1991 to 2012 and later in interim interim chairman from October 2016 to February 2017. Speaking to Rediff.com, Ramadorai highlighted Ratan Tata’s vision during the landmark TCS listing in 2004, emphasizing Tata's commitment to empowering retail investors across India. While many suggested international listing, Tata insisted on listing TCS exclusively within India. His focus was on ensuring that small investors, regardless of how many shares they could afford had access to TCS’s growth potential. Tata believed in setting a share price that would allow for future appreciation, rather than pricing so high that it left investors with limited gains, the former TCS CEO said.

Tata Power Company Ltd. traded 2.22 per cent in Wednesday's session at 12:36PM (IST). The stock opened at Rs 413.45 and has touched an intraday high and low of Rs 416.20 and Rs 404.40, respectively, during the session so far. The stock quoted a 52-week high of Rs 494.85 and a 52-week low of 251.40. About 905,336 shares changed hands on the counter so far.

SRF Ltd. traded at Rs 2211.25 on BSE at 12:46PM (IST) on Wednesday, 1.74 per cent from previous close. The stock quoted a 52-week low price of Rs 2088.55 and a high of Rs 2697.45.

GAIL (India) Ltd. 1.85 per cent to Rs 190.45 at 12:41PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 194.70 and low of Rs 189.85 so far during the session. The stock had closed at Rs 194.05 in the previous session. The counter has had a total traded volume of 315400 shares so far with a value of Rs 6.04 crore on the NSE. It traded at a price-to-earnings multiple of 10.88 and a price-to-book ratio of 1.55.

Lupin Ltd. traded 2.31 per cent in Wednesday's trade at 12:51PM (IST). Around 8,814 shares changed hands on the counter. The scrip opened at Rs 2111.95 and touched an intraday high and low of Rs 2111.95 and Rs 2036.75, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 2312.00 and a 52-week low of Rs 1153.55.

Swiggy surged 9% to Rs 449 on BSE in Wednesday's trade after making its Dalal Street debut at Rs 412. Meanwhile, the company’s market capitalization crossed Rs 1 lakh crore mark. Swiggy’s muted debut on Dalal Street was marked by a small premium of 8% over its issue price. Investors are refraining from making bold bets on the stock since the company is currently loss-making at the consolidated level and is believed to be at least 2-3 years away from PAT level break-even.

Subscribe to enjoy similar stories. MUMBAI : India’s port sector is on the rise, and it’s a story worth paying attention to. With over 7,500 kilometres of coastline and over 200 ports, India is becoming a maritime powerhouse.

Subscribe to enjoy similar stories. The entire cement industry is chasing volumes, but Shree Cement Ltd is going against the tide. Its strategy of prioritizing value over volumes in a seasonally weak September quarter (Q2FY25) has helped contain the drop in realizations.

Indian Hotels Company Ltd. traded 1.56 per cent up at Rs 718.50 at around 12:10PM (IST) on Wednesday. The stock had closed at Rs 729.90 in the previous session. Equity benchmark Sensex traded 546.44 points at 78128.74 around the same time.