Ahead of its listing, Delta Autocorp's shares were trading with a Grey Market Premium (GMP) of Rs 110 on Wednesday, reflecting a premium of over 84% compared to the upper end of the IPO price band of Rs 130.
A total of 3,544 shares changed hands on the counter till 12:52PM (IST)
Air quality worsened Tuesday evening in Pacific Palisades, Southern California, as wildfires created risky conditions for children, older adults, and people with lung or heart diseases. The air quality index reached hazardous levels. Dr. Kari Nadeau from Harvard University warned of significant health risks and urged vigilance for symptoms like coughing, dizziness, or chest pain.
The Ministry of Electronics & Information Technology is focusing on training and skill development for India's growing semiconductor sector. MeitY is partnering with institutions like IITs to enhance skills in semiconductor manufacturing. The government has approved five projects under the India Semiconductor Mission to promote domestic production and develop a strong semiconductor ecosystem.
Rohit Sharma and Virat Kohli will continue to lead India's ODI batting core. The selectors will debate the inclusion of KL Rahul, Mohammed Shami, and Ravindra Jadeja for the Champions Trophy. Yashasvi Jaiswal is a strong contender. Jadeja's recent performances and Shami's fitness could influence their selection. India will play all Champions Trophy games in Dubai.
Avax Apparels And Ornaments IPO, aimed at raising Rs 2 crore through a fresh equity sale of 2.74 lakh shares, is trading with a grey market premium (GMP) of Rs 10, signaling a 14% premium over the IPO price of Rs 70. Investors can bid for 2,000 shares per lot. The price band is set at Rs 70 per share.
India's voter list nears one billion, with over 990 million registered voters, a 2.2% increase from last year. Female voter registrations surpassed 480 million for the first time. Uttar Pradesh has the highest number of registered voters, followed by Maharashtra and Bihar.
The BJP's Central Election Committee will meet in two days to finalize candidates for Delhi assembly elections, with PM Modi, Amit Shah, and other leaders attending. BJP has released its first list, with prominent leaders contesting key seats. Elections are set for February 5, with results on February 8.
Mahindra & Mahindra plans to expand its global automotive presence in phases. Initially leveraging existing markets like South Africa and Australia with models like XUV 700, it will then introduce lifestyle pickups and electric SUVs for newer regions. M&M also aims to ramp up electric vehicle production and capacity in 2025.
Maheesh Theekshana Nz vs SL: Sri Lankan spinner Mahish Teekshana took a hat-trick in the ODI against New Zealand, dismissing three key batsmen. He became the first player to take a hat-trick in 2025. New Zealand's Rachin Ravindra scored a solid 79 runs. The match, delayed by rain, saw Sri Lanka winning the toss and opting to field first.
Chris Anderson, TED’s head, has written an open letter to Elon Musk, raising concerns about the Tesla CEO's recent posts on X (formerly Twitter). Anderson accused Musk of disregarding essential journalistic principles like the fairness doctrine, warning that such behaviour could endanger lives and harm Musk’s reputation. While recognising Musk’s significant influence and achievements, Anderson criticised his approach as “playground bullying” and urged him to adopt a more responsible tone to improve the platform’s credibility and global impact.
Long unwinding occurs when investors sell stocks or positions held over a longer period, either to book profits or exit in anticipation of bearish trends.
As of 31-Dec-2024, promoters held 74.08 per cent stake in the company, while FIIs held 16.37 per cent and domestic institutional investors had 3.48 per cent.
Citi joins Morgan Stanley in predicting double-digit returns for India's market. Morgan Stanley expects the BSE Sensex to rise by 18% in 2025, driven by strong retail buying outpacing new share supply. In 2024, individual investors purchased a record 1.5 trillion rupees worth of stocks, and domestic flows are anticipated to support the market amidst global challenges.
On the technical charts, the RSI of the stock stood at 45.92.
AAP leaders Saurabh Bharadwaj and Sanjay Singh clashed with Delhi Police while attempting to disprove BJP's claims about extravagant renovations at Delhi CM Arvind Kejriwal’s residence. They protested outside the bungalow after being denied entry and demanded media scrutiny of both CM and PM residences constructed during the COVID-19 pandemic.
Bangladesh's interim government has revoked the passports of Sheikh Hasina, a former Prime Minister, and 96 others due to their involvement in enforced disappearances and the July killings. Hasina and several officials are also facing arrest warrants issued by the International Crimes Tribunal for alleged crimes against humanity and genocide.
External Affairs Minister S Jaishankar emphasizes the impact of India's younger generation on global developments at the 18th Pravasi Bharatiya Divas. He highlights advancements in AI, EVs, startups, and sports, urging the diaspora to promote India as a tourist destination and recognizing young Indians' success in various domains.
Promoters held 62.4 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 7.54 per cent and 3.56 per cent, respectively.
Electric car sales in India increased by 20% in 2024, reaching nearly 100,000 units, up from 82,688 the previous year. Tata Motors and JSW MG Motor saw significant growth, with price cuts and new models boosting demand. Electric vehicles' market share rose to 2.4%, aided by government incentives and infrastructure improvements.
A total of 34,479 shares changed hands on the counter till 12:27PM (IST).
India plans to simplify income tax filing rules to make it less tedious for taxpayers and reduce disputes. The changes being discussed include using formulas and tables, and reducing additional forms. The revised legislation is expected to be released for public consultation around mid-January, with the final version coming in the February budget.
Nuvama Alternative Research states that the largecap cutoff is now Rs 1 lakh crore (up from Rs 84,000 crore in June 2024), while the midcap threshold is Rs 33,200 crore (up from Rs 27,500 crore in June 2024).
Astronomers have revealed that TRAPPIST-1 b, a rocky exoplanet located 40 light-years away, may lack a significant atmosphere and features geological traits that differ from previous assumptions.
