The shares of Azad Engineering will debut on the exchanges today. Ahead of the listing, the company’s shares are trading with a premium of Rs 172 in the unlisted market. The company’s shares are likely to list with a premium of 33%. The issue was priced in the range of Rs 499-524. The IPO of … Read more
The Indian market could consolidate at higher levels on Thursday amid the December F&O expiry. The Nifty future closed positive with gains of 1.01% at 21690 levels on Wednesday. India VIX was up by 5.98% from 14.68 to 15.55 levels. Volatility steamed to higher zones but created some momentum at lifetime highs. Positive setup was … Read more
A giant bronze statue of pop star Shakira was revealed in her Colombian hometown of Barranquilla. The six-meter tall monument showcases the Grammy and Latin Grammy winner in one of her famous belly dancing outfits, with her hips swaying and arms raised gracefully. The statue, located on a newly constructed promenade along the Magdalena River, … Read more
The Chinese spies wanted more. In meetings during the pandemic with Chinese technology contractors, they complained that surveillance cameras tracking foreign diplomats, military officers and intelligence operatives in Beijing’s embassy district fell short of their needs. The spies asked for an artificial intelligence program that would create instant dossiers on every person of interest in … Read more
India’s largest private port operator Adani Ports and Special Economic Zone has moved one step closer to returning to the corporate bond market, as it has received ratings earlier this week for a planned debt issue. Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while … Read more
Brokerage firm Spark Capital upgraded Lupin to a buy, Phillip Capital maintained a buy rating on Godrej Consumer, Morgan Stanley remained overweight on Aarti Industries and Geojit upgraded Bata India to a buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Spark Capital on Lupin: Buy| Target … Read more
Hitting out at Turkish President Recep Tayyip Erdogan over his “Hitler” remarks against him, Israeli Prime Minister Benjamin Netanyahu said that Erdogan is the “last person” to preach morality to Israel. He also accused Erdogan of “committing genocide” against Kurds and imprisoning journalists opposing his regime. Netanyahu further said that Israel Defense Forces (IDF) is … Read more
Britain’s plan to wean homes off fossil fuels has had a tepid start, but despite its lukewarm beginning, the market for heat pumps is hotting up. The Swedish clean energy company Aira is leading a new wave of companies preparing to harness the growing interest in low-carbon home heating, and is positioning itself as the … Read more
Sensex and Nifty soared to fresh closing record highs on Wednesday, with the 30-share benchmark index crossing the historic 72,000 mark. The Nifty climbed 213 to settle at a record high of 21,654. Stocks that were in focus included names like Vedanta, which fell 3.32%, Hindalco, which jumped 4.25%, and PEL, whose shares gained 1% … Read more
Vinyl records were a surprise hit this Christmas, with weekly sales in the UK soaring to their highest level this century during the festive shopping period, fuelled by artists including Taylor Swift, Fleetwood Mac and the Rolling Stones. The vinyl record resurgence, with a new generation of music lovers turning to retro formats such as … Read more
