India captain Rohit Sharma opts to rest for the fifth Test against Australia due to persistent poor performances, handing leadership to Jasprit Bumrah. With his recent struggles, speculation rises about his future in Test cricket. Rohit's 2024 has been notably unproductive, scoring just 619 runs in 26 innings.
Cricket fans gather outside the Sydney Cricket Ground for the fifth Test between India and Australia. India won the toss and decided to bat. Jasprit Bumrah leads the Indian team, with Rohit Sharma resting. Despite previous losses, fans are hopeful for good performances and exciting matches over the next five days.
The Technichem Organics IPO share allotment will be finalized soon, with investors able to check their status via BSE or the registrar's website. Shares are expected to list on January 7, trading at a 27% premium in the grey market. The IPO received a strong subscription of 425 times.
Political analyst Tehseen Poonawalla criticized Kerala CM Pinarayi Vijayan for his remarks against Sanatan Dharma. Poonawalla stated that a new mental disease called Sanatan Dharma Phobia India is affecting those with a leftist mindset. He further claimed that the Left is becoming irrelevant in India, only holding ground in places like Jawaharlal Nehru University and Kerala.
Sebi rejected the settlement applications by Zee Entertainment Enterprises and Punit Goenka, and referred the matter for further investigation. The order also stated that the show-cause notices issued against Zee, Subhash Chandra, and Punit Goenka will be merged with the ongoing investigation. This follows the termination of Zee's deal with Sony and a significant decline in Zee's stock.
The company will be focusing on data centres, mainly in North America and India. Black Box provides data centre solutions, advanced networking solutions, AI-powered analytics and IoT-enabled devices. About 20% of the firm's revenue comes from data centres. Their customer base includes tech majors like Meta, Amazon, and Microsoft, which are expected to significantly invest in data centre buildouts.
Fabtech Technologies' SME IPO, aiming to raise Rs 28 crore, opens from January 3 to January 7 with shares priced at Rs 80-85. The issue consists entirely of fresh equity sales of 32.6 lakh shares. The funds will finance working capital needs and acquisition costs. The company manufactures modular panels and doors for cleanrooms in the pharmaceutical sector.
Matthew Livelsberger, a Green Beret soldier, died by suicide in a Tesla Cybertruck filled with fuel containers and fireworks outside the Trump International Hotel in Las Vegas. Authorities have not determined his motive and have found no terrorist connections. Seven people were injured in the incident, which caused a significant fire and subsequent smaller explosions.
The FBI is releasing new video footage and details to seek public help in identifying a suspect who planted pipe bombs outside the Democratic and Republican national committee offices in Washington on January 5, 2021. Despite extensive investigations, the suspect remains unidentified. Authorities emphasize following facts and evidence without jumping to conclusions.
Traffic in North West Delhi will be restricted on January 3, 2025, from 9 AM to 4 PM for a VVIP visit. Major roads like Mall Road, GTK Road, and Mahatma Gandhi Marg will be affected. Motorists are advised to allow extra travel time. Follow traffic updates via Delhi Traffic Police's official channels.
China's central bank plans to cut interest rates from 1.5% in 2025, prioritizing rate adjustments over loan growth targets, as part of its interest rate reform. The move aims to spur lending and investment amid ongoing economic challenges, including trade tensions and weak household demand.
Rohit Sharma missed the Sydney Test against Australia in the Border-Gavaskar Trophy. Sanjay Manjrekar said it was the right decision for the team. Rohit struggled for form, scoring just 31 runs in five innings. Jasprit Bumrah led India in the match. Australia's Mitchell Starc was fit to play after facing fitness issues.
Beau Webster received his Baggy Green cap from former cricketer Mark Waugh before his Test debut in the final Border-Gavaskar Trophy match against India in Sydney. Webster replaced Mitchell Marsh in the playing eleven. Pat Cummins confirmed that Marsh had minor back complaints earlier. Mitchell Starc retained his place following fitness concerns.
Shares of Citichem India have been listed on the BSE SME platform on Friday at Rs 70, matching the issue price of its IPO. The company's Rs 12 crore IPO, a fresh equity sale, has been subscribed 414 times. Proceeds will fund capital expenditure and general corporate purposes.
Dense fog covered Delhi on Friday morning, with a minimum temperature of 7 degrees Celsius. The weather department forecast cold day conditions and dense fog at some places. An active western disturbance is expected to raise temperatures in the eastern, central, and northern regions over the next 3-5 days.
Prime Minister Narendra Modi will visit Swabhiman Apartments in Delhi to inaugurate newly constructed flats for JJ clusters. He will also open urban redevelopment projects including the World Trade Centre at Nauroji Nagar and Type-II Quarters at Sarojini Nagar. Additionally, he will lay the foundation stone for three new projects in Delhi University, worth over Rs 600 crore.
Karnataka's opposition leader, R Ashoka, criticizes the recent 15 per cent hike in KSRTC bus fares, set to take effect on January 5, 2025. The BJP plans a state-wide protest against this decision. The fare hike aims to generate additional revenue to offset costs of the state's Shakti scheme, providing free bus travel for women.
Indo Farm Equipment IPO share allotment is expected to be finalized soon. Investors can check their allotment status on BSE or registrar's website. Indo Farm Equipment received huge IPO subscriptions, with shares anticipated to list on January 7. The company plans to use IPO funds for repayment of borrowings, NBFC investment and general corporate purposes.
Indian Railways has canceled at least 95 trains, including several Express and MEMU services, due to various reasons such as scheduled maintenance work. Passengers are advised to verify the latest train status on the National Train Enquiry System before arriving at the station. Partial cancellations are also reported for certain trains.
Oil prices continue to rise, reaching their highest levels in over two months due to anticipated government policies aimed at reviving economic growth worldwide. Lower interest rates and China’s proactive measures are expected to stimulate fuel demand. Additionally, a potential cold snap in the U.S. and Europe may increase diesel demand.
President Joe Biden awarded the Presidential Citizens Medal to Liz Cheney, Bennie Thompson, and 18 others. This included individuals who contributed significantly to various fields such as marriage equality and military medicine. Biden honored people involved in the Capitol riot investigation, emphasizing their courage in upholding democracy. The Presidential Citizens Medal is the nation's second highest civilian honor.
In 2024, hedge funds achieved strong double-digit returns. They made gains from market volatility, changes in central bank policies and the U.S. presidential election. Funds like Discovery Capital, Marshall Wace, Bridgewater Associates, and Citadel posted impressive returns. Quantitative hedge funds like Dunn Capital and CFM also benefitted from market movements.
