Shares of fintech firm One MobiKwik Systems surged by 18.5% to Rs 524 on BSE on Wednesday, after listing at a strong premium of 58.5% at Rs 442.25. On the NSE, the shares were listed at Rs 440, reflecting a 57.7% premium over the issue price of Rs 279.
Restaurant Brands Asia shares rose 3% after announcing a board meeting on December 20 to discuss raising funds through preferential issue, QIP, or other methods, with shareholder approval sought.
Sanghi Industries shares dropped 12.4% after Ambuja Cements announced a merger scheme offering 12 shares for every 100 Sanghi shares. The merger aims to enhance efficiency and streamline operations.
Jindal Saw shares rose 7.7% after acquiring up to 31.2% stake in ReNew Green MHH One, aiming for concessional electricity rates. The deal will make RGMHH an associate by May 2025.
Boeing has fully resumed airplane production following a seven-week machinists' strike. The company restarted 737 MAX production in early December and has now brought its wide-body programs back online. November deliveries remained low due to the strike's impact, but the FAA is closely monitoring the restart, prioritizing safety. Boeing emphasizes its commitment to safe and timely aircraft delivery.
Shares of Va Tech Wabag dropped 19.2%, hitting a low of Rs 1,522.30 on the BSE today, after the company disclosed that its Rs 2,700 crore order for a 300 MLD mega seawater desalination plant in Saudi Arabia had been canceled.
Xi's visit coincides with the inauguration of Macau's new leader, Sam Hou-fai. Economic diversification away from casinos and integration into the Greater Bay Area are expected to be key themes, along with scrutiny of non-gaming investments.
The 20th anniversary of the devastating 2004 Indian Ocean tsunami approaches, commemorating over 220,000 lives lost across a dozen countries. Triggered by a 9.1 magnitude earthquake off Sumatra, the tsunami's immense waves, reaching over 30 meters, caused widespread destruction. The disaster prompted a global effort in reconstruction and the development of crucial tsunami warning systems.
Joseph Corcoran, convicted of a quadruple murder in 1997, was executed in Indiana. This was the state's first execution in 15 years. Corcoran's attorneys argued he was mentally ill. The execution proceeded despite appeals and a vigil held by opponents. Corcoran was convicted of killing his brother, his sister's fiance, and two other men.
