Sebi rejects Zee, Punit Goenka’s settlement applications, orders further probe
The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.
Sunil Singhania’s Abakkus backed Caliber Mining and Logistics files DRHP for Rs 600 crore IPO
Caliber Mining and Logistics, backed by Sunil Singhania’s Abakkus, has filed its DRHP for an IPO. The issue comprises a fresh issue of up to Rs 500 crore and an OFS of up to Rs 100 crore. Proceeds from the fresh issue will be utilized for debt repayment, capital expenditure, and general corporate purposes.
DMart Q3 Update: Standalone revenue jumps 17% to Rs 15,565 crore
Avenue Supermarts, which operates retail chain DMart on Thursday reported a 17% year-on-year jump in its standalone revenue for the quarter ended December 31, 2024 at Rs 15,565.23 crore. The company had reported a topline of Rs 13,247.33 crore in the year ago period.
Sebi bans Ketan Parekh, 2 others from markets in front-running scam, impounds Rs 65 crore
SEBI barred Ketan Parekh, Rohit Salgaocar, and others from Indian capital markets for a front-running scam, impounding ₹65.77 crore. Parekh, notorious for the 2001 stock scam, faces fresh restrictions alongside key associates.
MOIL Q3 update: Sales jumps 13% YoY as PSU posts best ever quarterly performance
MOIL reported record-breaking Q3 and nine-month performance in FY25, achieving its highest-ever manganese ore production (4.6 lakh tonnes) and sales (3.88 lakh tonnes), with 13% growth YoY. Production and sales also increased 4.5% and 3.5%, respectively, during April-December.
At 229x, Indo Farm Equipment IPO gets 2nd highest subscription among 2024 mainboard issues. Check status, GMP, other details
The Indo Farm Equipment IPO, subscribed 229.31 times, is the second most subscribed mainboard IPOs of 2024. Strong demand came from QIBs (503.39x) and NIIs (104.36x). Only Vibhor Steel Tubes saw higher subscription.
Tech View: Nifty closes above 50 DEMA, eyes 24,400 level. How to trade on Friday
Nifty’s short-term trend remains bullish, with the index expected to approach the next resistance level at 24,400. Any pullbacks are likely to find support near 23,900, according to Nagaraj Shetti of HDFC Securities.
UPI transactions rises 8 pc to 16.73 bn in December: NPCI data
UPI transactions in December hit a record 16.73 billion, an 8% increase from November’s 15.48 billion. Transaction value rose to Rs 23.25 lakh crore, up from Rs 21.55 lakh crore. Daily average transactions reached 539.68 million in December, with a daily transaction value of Rs 74,990 crore.
F&O activity down up to 30% over Sebi regulations, more dip likely in 2025: Zerodha
Zerodha CEO Nithin Kamath observed a 20-30% decline in F&O activity since Sebi’s regulations were introduced. He anticipates a further dip in 2025 due to increased lot sizes. Equity turnover has also cooled down, suggesting a potential end to the recent period of high market activity.
Short-term rally expected in financials; liquidity turn could boost banks: Seshadri Sen
There is still some downside to valuations. So, this sort of time correction that we have seen in financials from a longer-term perspective would continue for another couple of years.