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HinduBusinessLine
15h
238
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Unimech Aerospace IPO closes today; subscriptions surge 9x across categories
- The Unimech Aerospace IPO, targeting ₹500 crore, closes today.
- The IPO received bids of 4.27 crore shares against the offered 47.04 lakh shares.
- The retail and HNI portions were subscribed 10.30 times and 12.07 times, respectively.
- Leading brokerage firms have given a "Subscribe" rating to the issue, highlighting the company's strong financial performance and promising long-term investment.
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HinduBusinessLine
16h
201
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Japan Airlines faces cyberattack disrupting flights and ticket sales
- Japan Airlines faces cyberattack disrupting flights and ticket sales
- The airline has halted ticket sales for departures on Thursday and experienced delays in flight operations.
- Flight safety has not been impacted by the cyberattack.
- The incident is expected to affect both domestic and international flights.
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Bloomberg Quint
16h
165
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Ventive Hospitality IPO Allotment Today: Here Are Steps To Check Status Online And Latest GMP
- Ventive Hospitality IPO allotment is expected to be finalized on Thursday.
- The IPO received strong response from investors with oversubscription of 9.82 times.
- Investors can check the allotment status online on the official websites of NSE, BSE, and Kfin Technologies.
- The grey market premium for Ventive Hospitality IPO is Rs 72, indicating a listing gain of 11.20%.
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HinduBusinessLine
16h
352
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Sensex, Nifty likely to open flat amid low volumes
- Markets are expected to open flat amid low volumes and take cues from global trends and foreign investor activity.
- Nifty closed marginally higher at 23,802, while India VIX eased, indicating reduced uncertainty.
- Nifty is consolidating within a narrow range of 23,900 to 23,600, reflecting indecision among market participants.
- The market remains in a consolidation phase, and cautious positioning is recommended until a clear trend emerges.
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Bloomberg Quint
16h
143
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Carraro India IPO Allotment: Check Status Online, GMP, Listing Date And More
- The Carraro India IPO allotment status will be finalized on December 26.
- The IPO received a lukewarm response and was subscribed 1.12 times.
- Investors can check the allotment status online on the BSE, NSE, and Link Intime websites.
- Shares of Carraro India Ltd. are scheduled to be listed on the NSE and BSE on December 30.
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TronWeekly
16h
0
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Lightchain AI Crypto Price Prediction How Much Will $750 Invested Today Be Worth in 2030?
- Lightchain AI (LCAI) is a groundbreaking altcoin priced at $0.003 during its presale.
- Calculations are crucial in cryptocurrency investing to assess profitability and manage risks effectively.
- Lightchain AI is poised for significant long-term growth with its AI-driven decentralized applications, efficient consensus mechanism, and deflationary tokenomics.
- Projections suggest that a $750 investment in LCAI today could be worth $1.25 million to $1.75 million by 2030, but these projections should not be relied upon solely for investment decisions due to crypto market volatility.
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HinduBusinessLine
16h
286
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MT Vasudevan Nair: A literary legend and Jnanpith Award winner dies at 91
- M T Vasudevan Nair, the renowned Indian writer, passed away on Wednesday in Kozhikode at the age of 91 after undergoing treatment for over a month due to illness.
- M T, as he was popularly called, authored nine novels, 19 collections of short stories, directed six films, wrote around 54 screenplays, and published several collections of essays and memoirs over a career spanning seven decades.
- His novel Naalukettu (The Ancestral House) solidified his place as a literary icon and is considered a classic in Malayalam literature. He also penned several acclaimed works, including Asuravithu, Manju, and Kaalam.
- M T's literary achievements earned him the Jnanpith Award in 1995, India's highest literary honour, as well as numerous other accolades, including the Kendra Sahitya Akademi Award, Kerala Sahitya Akademi Award, Vayalar Award, Vallathol Award, Ezhuthachan Award, Mathrubhumi Literary Award, and O N V Literary Award.
- In 2005, M T was awarded the Padma Bhushan, India's third-highest civilian honour.
- M T also served as the editor of Mathrubhumi Weekly for several years.
- The brilliance that brought Malayalam literature to the forefront of world literature is what we have lost with the passing of M T Vasudevan Nair, Kerala Chief Minister Pinarayi Vijayan said.
- On M T's demise, Governor Arif Mohammed Khan said the passing of M T marks a profound loss for both Malayalam and Indian literature.
- In a statement, the state government said it would observe official mourning on December 26 and 27 as a mark of respect for M T.
- M T's professional journey began as a teacher and gramasevakan at a block development office in Taliparamba, Kannur, before he joined Mathrubhumi Weekly as a sub-editor in 1957.
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Bloomberg Quint
17h
205
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How To Check Senores Pharmaceuticals IPO Allotment Status? Find Latest GMP, Listing Date And More
- The grey market premium of Senores Pharmaceuticals IPO was Rs 240 as of 05:04 a.m. on Dec. 26, indicating a strong gain of 61.38% over the issue price with a listing price of Rs 631 apiece.
- Senores Pharmaceuticals IPO share allotment status is likely to be finalised on Thursday, Dec. 26, following a robust subscription.
- Investors can check the allotment status online via the portals of BSE, NSE, or the issue registrar, Link Intime India Pvt. Ltd.
- The minimum investment for retail investors in the IPO was Rs 14,858 for a single lot size of 38 shares.
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HinduBusinessLine
17h
246
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20 years later: Aceh pays tribute to victims of Indian Ocean tsunami
- Twenty years after the Indian Ocean tsunami, Aceh pays tribute to the victims.
- Thousands of unidentified and unclaimed tsunami victims are buried in mass graves in Banda Aceh.
- The 2004 tsunami, triggered by a powerful earthquake, killed around 230,000 people across multiple countries.
- Infrastructure in Aceh has been rebuilt, and early warning systems have been installed for better preparedness.
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Bloomberg Quint
17h
242
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US Stocks Buoyed As ‘Santa Claus Rally’ Period Begins: Markets Wrap
- US stocks climbed in the run up to the ‘Santa Claus’ rally, with the S&P 500 up over 1% amid thin trading volume.
- Shares of big tech were boosted from the previous day’s strong performance, with Tesla, Broadcom and Advanced Micro Devices in particular lifting the market.
- Investors are now turning to the Santa Claus rally tradition which suggests that stocks rise in the first two trading sessions of the year, with a strong seasonality heading into the year-end.
- The average S&P 500 return during the Santa Claus Period since 1950 is 1.3%.
- Citi’s strategists suggest investors should have a more-balanced approach in US stocks over Q1. They’re overweight in media, internet and semiconductors.
- US equities saw high buying for the seventh consecutive week, according to Bank of America, with both single stocks and exchange-traded funds being purchased.
- The yield on 10-year Treasuries was little changed at 4.59%, while other indexes rose slightly including Bitcoin and crude oil.
- As the year approaches its close, long-term averages suggest those starting with gains in January are most likely to see yearly returns at an average of 18.3%.
- However, with no corrections of more than 10% this year, the S&P 500 has managed to stay solidly above its 200-day moving average throughout the year.
- Corporate highlights for today include American Airlines, Starbucks and prices of cryptocurrencies such as Bitcoin continue their upward climb.
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Medium
17h
40
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The convenience trap of AI
- While convenience feels good in the moment, it rarely leads to the satisfaction we’re looking for.
- We derive more satisfaction from activities that require effort, even if they’re harder in the moment.
- AI often removes the necessary effort that leads to deeper satisfaction and growth.
- AI can actually play a part in overcoming the convenience trap only if we use it mindfully.
- AI can save time on the mundane, allowing us to focus more on the meaningful and use it wisely.
- Companies frame effort as a problem to be solved but by removing the struggle, they’re also removing the satisfaction.
- Use AI to handle repetitive tasks, automate research, or enhance your own creative process.
- Embrace the parts of your work that require effort. AI can give you the tools, but you still need to do the hard work.
- Let AI help you dig deeper, think more critically, and refine your work.
- AI doesn’t just change the landscape of work and creativity – it forces us to rethink our relationship with effort.
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Bloomberg Quint
17h
239
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From Trent, BEL To IndusInd Bank, Asian Paints: Stocks That Surprised And Disappointed Markets In 2024
- Trent Ltd. and Bharat Electronics Ltd. (BEL) outperformed market expectations in 2024, while IndusInd Bank and Asian Paints faced challenges.
- The Nifty 50 index initially saw 44 companies outperforming, but later declined by nearly 9% due to expensive valuations and geopolitical factors.
- 2024 was disappointing compared to the previous year for Nifty 50 companies.
- Some stocks surpassed analysts' expectations, while others fell below predictions.
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HinduBusinessLine
17h
161
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Domestic consumption, deeptech to dominate startup investments in 2025: IIMA Ventures
- Domestic consumption and deeptech companies, particularly those serving closed industries like defence, aerospace, and spacetech, are predicted to dominate startup investments in 2025.
- AI and mobility are expected to be significant trends attracting venture capitalists, along with sectors like semiconductors, quantum sensing, and frontier applications within spacetech.
- Early-stage investments, especially in Seed and Series A rounds, have seen a decisive recovery from the funding winter, with robust deal activity and a particular interest in startups with cleaner business models and a path to commercialization.
- IPO activity has been a key highlight, indicating positive prospects for future funding cycles, while the M&A market for tech startups is expected to pick up in the next five years.
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TechBullion
17h
66
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BlockDAG to Debut Hollywood-Style Keynote 3! Latest Updates on Solana Price Trends & Litecoin Price Outlook
- The latest Solana price trends show a rebound to $199 with caution warranted due to bearish signals.
- Litecoin price outlook shows signs of steadiness with the $99-$109 support zone crucial for upcoming movements.
- BlockDAG is preparing to release Keynote 3, rumored to combine Hollywood excellence with blockchain developments.
- BlockDAG's presale for BDAG coins has amassed over $172 million, attracting significant attention.
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Bloomberg Quint
18h
270
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Stock Market Today: All You Need To Know Going Into Trade On Dec. 26
- US stock market indices opened in green on Tuesday, as the sentiment remained positive at the Wall Street for the shortened Christmas Eve trading.
- Brent crude was trading 1.43% higher at $73.67 a barrel as of 11:56 a.m. EST. Gold spot rose 0.13% to $2,615.86 an ounce.
- The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.
- Overseas investors stayed net sellers for the seventh consecutive session and offloaded stocks worth Rs 2,454.2 crore on Tuesday.
- Domestic institutional investors stayed net buyers for the sixth straight session and bought stocks worth approximately Rs 2,819.3 crore.
- Refex Industries, Easy Trip Planners, Western Carriers (India) among others are some of the stocks to watch out for today.
- Carraro India, Ventive Hospitality, Senores Pharmaceuticals among others are some of the recently subscribed IPOs in the market.
- Aditya Birla Money, TCI Finance, Thomas Scott (India) among others revised their price band while Zinka Logistics Solutions, Centum Electronics, Sagility India moved out of ASM in the trading segment.
- Nifty December futures open interest was down by 38% while securities in ban period included RBL Bank.
- The Indian rupee closed at a record closing low of 85.20 per dollar on Tuesday, weakening by 8 paise from its previous close of 85.12.
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