Hong Kong announced bounties on six overseas democracy activists, which the US sees as transnational repression. The activists, accused of national security crimes, are offered bounties of HK$1 million for arrest information. The US condemned these warrants, seeing them as a threat to US sovereignty and human rights. Hong Kong plans to cancel their passports.
Transrail Lighting's shares debuted with a 36.57% premium on the NSE, with an IPO subscription rate of 80 times. The IPO included a fresh equity issue of Rs 400 crore and an OFS of Rs 438 crore. The company, established in 2008, specializes in power transmission and distribution, making significant international strides.
Cricket Australia CEO Nick Hockley spoke about the incident involving Virat Kohli and Sam Konstas in the fourth Test. He stressed that physical contact on the cricket field is unacceptable. Kohli accepted the charge and was fined. Hockley appreciated Konstas's maturity in downplaying the incident, and emphasized the intensity of the competition.
The Institute of Chartered Accountants of India (ICAI) announced the CA Final exam results, with Group 1 passing percentage at 16.8% and Group 2 at 21.36%. Heramb Maheshwari and Rishab Ostwal R secured the top rank jointly, scoring 84.67%. Riya Shah and Kinjal Ajmera achieved the second and third ranks, respectively.
Jan Suraj chief Prashant Kishore gave the Bihar government an ultimatum to address BPSC aspirants' concerns within three days or he would lead the protests. Alleging exam irregularities, Kishore demanded student representatives be heard and compensation for a student who committed suicide. Mild force was used against protesters.
Shares of Banco Products (India) are expected to be in focus as today is the last chance to buy them to qualify for the company's 1:1 bonus share issue on December 30, 2024. A 1:1 bonus means shareholders receive one additional share for each share held.
Mamata Machinery shares listed at a premium of 146.91%, debuting at Rs 600 against an issue price of Rs 243. The IPO was subscribed 194 times despite market downtrend. Analysts suggest profit booking for conservative investors while recommending long-term holding, highlighting the company's potential in the automation and packaging sector.
Delhi had light drizzle on Friday morning, with heavier rains and potential thunderstorms predicted. A yellow warning for rain and fog is issued for Delhi-NCR. The wind speed will vary throughout the day. The maximum temperature is expected to be around 23 °C, and the minimum around 8 °C. Air quality is 'very poor'.
DAM Capital Advisors shares listed at a 38.87% premium on Friday. The stock debuted at Rs 393 on the NSE and Rs 392.90 on the BSE against an issue price of Rs 283. Despite being an OFS, it saw strong investor response with an overall subscription of 81.88 times. Analysts suggest investors consider both short and long-term gains.
Adani Enterprises shares are expected to be in focus following the acquisition of a 26% stake in Gidhmuri Paturia Collieries. The company, now a wholly owned subsidiary, aims to develop and operate coal and mineral mines. Adani Enterprises also recently acquired an 85.8% stake in Air Works India.
Benchmark indices ended flat amid a lack of near-term triggers. BPCL is advised to be avoided due to a lack of recovery signs. Raymond remains bearish with no signs of reversal. Ola Electric shows potential for further positive momentum with a target price of 106.
Two top Canadian Cabinet ministers, Dominic LeBlanc and Melanie Joly, are visiting Palm Beach to discuss border security and trade with the incoming Trump administration. Their goal is to address Canada's efforts to combat fentanyl trafficking and illegal migration as well as the potential negative impacts of proposed 25% tariffs on Canadian goods.
Gold prices stabilized on Friday, poised for a weekly rise amid attention to U.S. economic signals under the incoming Trump administration and the Fed's interest rate strategy for 2025. Spot gold remained flat at $2,632.79 per ounce while U.S. gold futures were nearly unchanged at $2,653.00. Market activity is expected to be muted as the year-end approaches.
Honda's potential merger with Nissan stems from the need to combat rising electric vehicle competition in China and Europe. The deal promises scale advantages, access to innovations, and shared resources, though both companies face challenges with EV and hybrid production capacities.
The Dow Jones Industrial Average closed slightly higher on Thursday, marking its fifth consecutive winning session. Meanwhile, the Nasdaq Composite and S&P 500 fell marginally. Rising U.S. Treasury yields weighed on technology stocks. Additionally, a strong auction of seven-year notes led to a slight decrease in yields by late afternoon. Apple saw a 0.3% increase.
India Women vs West Indies Women Live Telecast: Indian omen have secured the ODI series against West Indies with a 2-0 lead. They plan to test the bench in the final game. The third match will be in Vadodara at 9:30 am. India is preparing for the Women's ODI World Cup next year. West Indies hope to end the series on a high note.
Following US request, a global food crisis monitoring group retracted its report on imminent famine in north Gaza due to Israel's blockade. This followed the US ambassador's criticism of the report's accuracy. The incident raised concerns over US political interference in famine assessments aimed at guiding humanitarian aid.
Bollywood faces a 30% to 40% decline in box-office collections in 2024, raising concerns of increased crime in Mumbai. Organized crime has a long history with Bollywood. The city's underworld may be re-engaging with the film industry. This situation mirrors the crime surge of the 1990s.
Happy Friday! The IPOs of eight new-age internet companies this year boosted employee wealth, but founders and promoters gained much more. This and more in today’s ETtech Morning Dispatch.
Shares in Tokyo rose after the yen dropped to a five-month low of 158 per dollar in the previous session, following Bank of Japan Governor Kazuo Ueda’s comments Wednesday that avoided giving a clear signal on interest rates next month.
The RSI indicator showed bearish momentum with a weak crossover, indicating sluggish movement. In the short term, the index may stay under pressure or struggle to rise to higher levels
WHO Director-General Tedros Adhanom Ghebreyesus narrowly escaped an aerial bombardment at Sanaa International Airport that killed at least two and injured one of his plane's crew members. The attack damaged airport facilities, left casualties, and was condemned by UN Secretary-General Guterres, who urged respect for international law.
Adani Enterprises shares are expected to be in focus today following a 26% stake purchase in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services.
The Indian Railways plans to adopt the public-private partnership (PPP) model for new projects to share the costs of large-scale infrastructure developments. This strategy aims to attract private investment, freeing government resources for other sectors, while a major capex boost is expected in the FY26 budget.
