Vedanta Ltd has been declared the successful bidder for the Genjana Nickel, Chromium, and PGE Block under Critical Mineral Auctions Tranche III. The acquisition strengthens the company’s critical minerals portfolio, supporting India’s energy transition and technological goals. Vedanta’s stock closed 1% higher at Rs 529.25, reflecting ongoing positive momentum.Read More

IDBI Bank shares are in focus as Fairfax Financial and Kotak Mahindra Bank emerge as top contenders for a controlling stake. The government and LIC are selling 60.72%, with financial bids expected by December’s end. Both bidders have received RBI clearance, and a reserve price will be set post-bid submission.Read More

Piramal Pharma’s US facility inspection concluded with four observations from the FDA. The company expects a voluntary action indicated classification. Piramal Pharma is preparing a response to the regulator. This comes as the company reported a net loss in the September quarter, impacted by its contract development and manufacturing segment. Shares have seen a decline...Read More

Interest surged across 9 stocks in the NSE F&O pack.Read More

The Indian rupee has fallen to a new record low against the US dollar. This decline is attributed to the lack of a trade deal with the United States and corporate dollar outflows. The Reserve Bank of India likely intervened to moderate the rupee’s slide.Read More

Insurance stocks may stay active as the Union Cabinet is expected to consider the Insurance Amendment Bill on Friday. The proposal reportedly includes major sector reforms, including raising FDI in insurers to 100% and other changes aimed at modernising the industry.Read More

ICICI Prudential AMC’s Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.Read More

Methodhub Software is set to debut on the BSE SME platform on December 12. The company’s Initial Public Offering saw a robust subscription of 28.91 times. Despite this strong response, the grey market premium indicates moderate listing expectations. The IPO aims to raise funds for loan repayment, working capital, and expansion.Read More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.Read More

The US dollar is weakening, heading for its third weekly drop as the Federal Reserve signals potential rate cuts next year, boosting the euro and sterling. Investors are uncertain about future US monetary policy due to unclear inflation and labor market trends.Read More