TRENDS
Bengaluru man with Rs 7 crore net worth believes buying a house 'makes zero sense'
The post triggered strong reactions online, with many users questioning the practicality of moving abroad and others agreeing that Bengaluru’s real estate market is overheated.
BUSINESS
Exato Technologies IPO allotment: How to check details online via registrar, NSE & BSE; Check latest GMP
Exato Technologies IPO shares will be listed on the SME platform of BSE on December 5, following a whopping subscription of 881 times in the primary market.
BUSINESS
Rupee at new low: INR closes below 90 for the first time against US Dollar
Stalled India-US trade talks and heavy FPI outflows continue to weigh on the rupee despite the weakening of the dollar index
BUSINESS
Can Nifty Hold Above 26,000 Amid Currency Jitters? Meesho IPO Opens | Opening Bell Live
The Nifty 50 extended its losing streak for a third straight session on December 2, slipping nearly 0.6% and closing below its 10-day EMA. Momentum indicators suggest further consolidation, though the broader higher high–higher low structure remains intact. Experts say as long as the index trades below 26,300 - a key resistance zone - the market may stay rangebound, with crucial support at 25,900–25,850. A breach below this could intensify selling pressure. Among stocks in focus: Sun Pharma, Maruti Suzuki, and HDFC AMC. On the primary market front, three IPOs — Meesho, Aequs, and Vidya Wires — open for subscription today. The three-day RBI MPC meeting kicks off amid a deeply divided Street on whether the central bank will cut rates, given strong growth data and a weakening rupee. Catch Nandita Khemka in conversation with Ruchit Jain, Vice President – Technical Research, Motilal Oswal Financial Services, and Sachin Jasuja, Head of Equities & Founding Partner, Centricity WealthTech.
BUSINESS
Chip industry faces shortage of 700,000 workers by 2030, offering India a big opportunity: IESA chief Ashok Chandak
India can plug the talent shortage in semiconductors but must urgently modernise curricula and strengthen ancillary supply chains, industry leaders say at UP Tech Next Electronics and Semiconductor Summit
BUSINESS
State-run lenders caution RBI that fixed deposit rates are impeding smooth policy transmission: Report
When the benchmark falls, lending rates adjust immediately, while deposit rates-being fixed-change only for new or renewed deposits.
BUSINESS
China imports $700 billion worth of components to export $1 trillion in electronics, says ICEA chairman Pankaj Mahindroo
'India’s biggest fault line is we are very inward looking, which shows in our merchandise exports,' the ICEA chairman has said
TECHNOLOGY
Technology will resolve skilling, language barriers in semiconductors, says UP principal secretary Yadav
Uttar Pradesh’s advantage lies in scale, connectivity and emerging industrial corridors, not in competing with southern states, the state's principal secretary for IT and electronics Anurag Yadav has said
INDIA
Nehru sought to fund Babri mosque with public money, but Patel blocked the move: Rajnath Singh
Speaking at Sadhli village near Vadodara during a Unity March marking Sardar Patel’s 150th birth anniversary, Singh said Patel blocked Nehru’s proposal because he believed public funds should not be used for religious structures.
WORLD
Day before India visit, Putin pledges to boost ties with New Delhi to 'qualitatively new level'
The Russian President is slated to visit India from December 4-5 for the 23rd India-Russia Annual Summit at the invitation of PM Modi.
WORLD
Parliament Winter Session Day 3 Live: Lok Sabha passes the Central Excise Amendment Bill
BUSINESS
Aequs IPO GMP Live: Retail bids surge over 6x, boosting overall subscription - Check price band, GMP and more
The IPO price band has been set between Rs 118 and Rs 124 per share. The issue comprises a fresh equity issuance of 5.40 crore shares amounting to Rs 670 crore, along with an offer for sale (OFS) of 2.03 crore shares worth Rs 251.81 crore.
TECHNOLOGY
UP Tech Next Summit: Talent, R&D and startup support key to India’s semiconductor push, say industry leaders
IESA’s Ashok Chandak said the semiconductor sector could face a shortage of at least 700,000 workers globally by 2030, spanning design, manufacturing and other parts of the industry.
BUSINESS
Stocks to watch on Dec 3: RPP Infra LOA, Bikaji US investment, India Cements divestment; big bulk deals in Bajaj Housing Finance, Rallis India
From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade
PODCAST
Sanchar Saathi ‘optional’, plot twist in export story & cost of a sliding rupee | Moneycontrol Editor's Picks
Inside the day’s Moneycontrol Editor’s Picks: The uproar set off by Sanchar Saathi and views from experts and smartphone makers on the topic, Union New and Renewable Energy Minister Pralhad Joshi’s interview on India’s RE leadership, LTIMindtree’s CEO speaks on human mentored agentic AI and how the bots must qualify at performance reviews or get ‘fired’. Tune in for all this and more.
INDIA
'With 25 cr population, UP might as well compete with nations and not states': IT Principal Secretary says at UP Tech Next Summit
"We are not competing with each other, we are doing what is best for India," he said, adding, "Each state looks forward to not competing with each other but to take the country forward."
INDIA
UP Tech Next Summit: On possible 'Apple' manufacturing in state, IT Minister Sunil Sharma says 'Talks on with everyone'
Taking a dig at the former governments in India, Sharma said that it felt like the "government was paralysed", "They didn't want to do anything, they wanted things to be as they were," he said.
BUSINESS
Meesho raises Rs 2,439 crore from anchors; book oversubscribed nearly 30 times
More than 60 institutional investors participated in the anchor round.
BUSINESS
Yoodli raises $40 million in Series B round led by WestBridge Capital
Yoodli plans to expand its AI coaching capabilities, enhance analytics and deepen personalisation features.
INDIA
Avadh Ojha quits politics, AAP reacts with 'not a short term project' jab
In his post on X in Hindi, Avadh Ojha, who is a social media celebrity, shared “a heartfelt thank you” to Arvind Kejriwal, Manish Sisodia, Sanjay Singh, “all AAP office-bearers, workers, leaders etc", as per a PTI report.
BUSINESS
Aequs cites 'Western capacity constraints', China+1 tailwinds while launching IPO
Despite the demand visibility, Aequs continues to face long production and qualification cycles common in aerospace manufacturing.
INDIA
DRDO tests high-speed escape system to help fighter pilots bail out safely | Watch
Defence Minister Rajnath Singh congratulated the DRDO, the Indian Air Force, the Aeronautical Development Agency and HAL for the milestone, calling it a significant step forward in strengthening India’s self-reliance in defence technologies.
TECHNOLOGY
Bengaluru to get INNOVERSE, a deep-tech innovation campus; work to start next year: Karnataka IT secretary
INNOVERSE, an innovation campus in Byappanahalli, will also feature a museum showcasing Karnataka’s digital journey over the last two to three decades
BUSINESS
Vidya Wires raises around Rs 90 crore from anchor investors ahead of Rs 300 crore IPO
The anchor book attracted 10 institutional investors, with domestic mutual funds accounting for 77.78 percent of the total allocation. These domestic funds invested through seven schemes across three fund houses.
