PODCAST
Indigo’s board shake up, suitors for Rajasthan Royals & Netflix deal spooks cinemas | Moneycontrol Editor's Picks
From aviation and sports business to entertainment, today’s Moneycontrol Editor’s Picks uncovers the big developments that are currently unfolding. Find inside: the government’s decision to reconstitute Indigo’s board and how the airlines has been slowest to hire cockpit pilots since the pandemic, bidders circle Rajasthan Royals as IPL continues to draw big bets from investors, screens fear curtains down with Netflix’s deal with Warner Bros. Tune in for all this and more.
BUSINESS
Stocks to Watch Today: Physicswallah, Fujiyama Power, Siemens, IndiGo, Welspun Corp, ICICI Bank in focus on 9 December
Stocks to Watch, 09 December: Stocks like Physicswallah, Fujiyama Power Systems, Mahindra and Mahindra, Larsen & Toubro, Siemens, ICICI Bank, InterGlobe Aviation IndiGo, Welspun Corp, Dredging Corporation of India, Neochem Bio Solutions, and Helloji Holidays will be in focus on December 9.
INDIA
AAP trolls Delhi CM Rekha Gupta for saying 'AQI is a temperature'; Kejriwal says 'game underway to hide data'
Opposition party seizes on Rekha Gupta's remarks as city battles toxic smog with severe pollution
BUSINESS
Govt to cut IndiGo’s winter schedule, orders 15-day probe into crew-management failures: Aviation Minister Naidu
Naidu also stressed the need to strengthen the aviation regulator following the episode, “DGCA needs more teeth. It already has some, but to reach global standards and prevent such incidents, we will revisit rules and guidelines,” he said
PODCAST
Rs 1 lakh cr deeptech push for startups, Binance co-CEO talks India, Kohli exits One8 for Agilitas | MC Tech3
In today’s Tech3 from Moneycontrol, we break down top stories from Virat Kohli's stake sale of his brand One8 to Agilitas and his investment of Rs 40 crore, DST Secretary Abhay Karandikar explains how the Rs 1 lakh crore DeepTech RDI fund will be deployed, Binance co-founder and Co-CEO Yi He opens up on India and the next billion users, UPI continues its record run, and Rajasthan Royals explores a $1 billion stake sale.
BUSINESS
Luxury Time IPO subscribed 554x on final day, attracts bids worth Rs 7,573 crore
Both companies will finalise their IPO share allotment by December 9, while their shares will be available for trading on the BSE SME effective December 11.
BUSINESS
FIIs net sell Indian equities worth Rs 656 crore, while DIIs net buy Rs 2,549 crore
For the year so far, FII/FPIs remain net sellers, offloading Indian equities worth Rs 2.68 lakh crore. On the other hand, DIIs added strength to the market with their buying spree reaching Rs 7.27 lakh crore for the year so far.
BUSINESS
PhysicsWallah Q2: Net profit rises 70% to Rs 69.7 crore, revenue up 26% YoY
Total expenses for the Noida-based firm increased 25 percent to Rs 999.6 crore in the quarter ended September, up from Rs 800 crore a year ago and Rs 1,054.2 crore a quarter ago.
INDIA
Anant Ambani gets global humanitarian award for animal welfare from US-based Global Humane Society
Ambani is the youngest recipient of the award and the first Asian to be honoured with it, the organisation said. The award was presented at an international event focused on wildlife protection and animal welfare.
MARKETS
SEBI issues modalities for AIFs to shift to AI-only and LVF schemes; offers wider flexibilities for accredited investors
Under the new structure, SEBI has created AI-only schemes, funds meant exclusively for accredited investors, which will operate with lighter, scheme-specific compliance requirements related to investor protection.
BUSINESS
IndiGo 'profusely apologetic' for chaos, says not possible to pinpoint exact causes at this point
DGCA said it is in the process of examining the response, and enforcement action, as deemed appropriate, will be taken in due course.
BUSINESS
IIT Bombay registers BharatGen as a non-profit, consortium remains active
BharatGen was recently awarded more than Rs 900 crore under the IndiaAI Mission to build a 1-trillion parameter large language model (LLM).
BUSINESS
Promoter picks up over half a percent stake in Welspun Enterprises, Invesco MF buys 0.89% stake in Dredging Corporation
Invesco Mutual Fund's shareholding may be increased over 1 percent in Dredging Corporation now.
BUSINESS
IBM to buy Confluent for $11 billion in all-cash AI data deal
IBM will acquire Confluent for $11 billion in an all-cash deal to strengthen its AI and real-time data platform as global enterprise data volumes surge.
BUSINESS
RBI to conduct $5 billion USD/INR buy/sell swap auction on December 16
As per estimates by the experts, this auction will approximately inject Rs 45,000 crore liquidity to the banking system.
BUSINESS
IndiGo signals turnaround with 1,800 flights and 91% OTP after week-long disruptions
IndiGo said its network coverage has now been fully restored, and all cancellations for Tuesday were executed a day in advance to ensure that customers received timely notifications
INDIA
India to China after Shanghai airport row: Don’t ‘target’ Indians in transit, give safety assurance
India protests the 18-hr detention of an Arunachal-born citizen at Shanghai airport, seeks assurances from China on Indian travellers and issues a transit caution.
BUSINESS
Virat Kohli to sell One8 to Agilitas, invest Rs 40 crore to pick up stake
Moneycontrol was first to report that Virat Kohli was set to invest Rs 40 crore in Agilitas, as part of a larger round, in June.
INDIA
Right to Disconnect Bill tabled in Lok Sabha: Which other countries enforce work–life balance?
According to the Bill, the ‘right to disconnect’ means that while the employer may contact the employee after work hours, the latter is not obliged to reply.
BUSINESS
Moody’s calls IndiGo disruption ‘credit negative’, flags planning and oversight lapses
Moody’s calls IndiGo flight disruptions credit negative as govt blames planning lapses; Rs 827 crore refunded while DGCA seeks replies from top executives.
INDIA
Priyanka slams PM Modi's speech in Lok Sabha: 'Vande Mataram debate as West Bengal polls are coming'
You (BJP) are for the elections, we are for the country. No matter how many elections we lose, we will sit here and keep fighting you and your ideology. We will keep fighting for our country, says Congress MP.
BUSINESS
Biocon shares drop 3%: Analysts expect 'earnings dilution' after firm's Biocon Biologics buyout
Biocon share price: The shares of the company closed at Rs 381.60 apiece on Monday, the lowest level seen by the stock in over three weeks.
INDIA
India deploys four more naval ships to Sri Lanka under Operation Sagar Bandhu after cyclone
India expands cyclone relief to Sri Lanka with four more Indian Navy ships under Operation Sagar Bandhu, taking total aid to about 1,000 tonnes.
TRENDS
'My HR caught me cheating on her': Employee found speaking to other companies on Day 1 at new job
Describing the exchange, the employee wrote: 'That whole conversation sounded like a breakup that’s about to happen.'
