Asim Munir may become more powerful as Pakistan government is planning to make a constitutional amendment to bolster the Army Chief Asim Munir's power, raising concerns about increased military control. The proposed changes, particularly to Article 243, could shift authority to the central government and the military, sparking debate over civilian supremacy and provincial autonomy.
Ajmera Realty & Infra, backed by ace investor Mukul Agrawal, announced a 1:5 stock split after delivering 336% returns in three years. The multibaggers Q2 profit fell 14% YoY to Rs 30 crore, while revenue rose 10% amid steady long-term growth.
India's Goswami Infratech, a Shapoorji Pallonji Group unit, is set to complete a 250 billion rupee bond issue by end-January to refinance existing debt. The two-year zero-coupon bond will be secured by the group's stake in Tata Sons. This potential issuance aims to diversify funding sources and secure a lower coupon than its previous bond.
Orkla India shares listed at Rs 750, about 2.7% above the issue price, before slipping below IPO levels. Analysts say the flat debut offers a good entry point for long-term investors, citing strong brands like MTR and Eastern, steady growth, and rising demand for packaged foods.
Growws Rs 6,632 crore IPO, which saw 57% subscription on Day 1, has received a wave of positive recommendations from leading brokerages. Most analysts rated the issue as "Subscribe," citing Growws leadership in Indias retail investing market, robust tech stack, and long-term potential despite steep valuations.
The Trump administration got a chilly reception at the Supreme Court, where a majority of the court questioned President Donald Trumps novel use of an emergency powers law to impose worldwide tariffs.
