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The UAE has unofficially stopped issuing regular visas to Pakistani nationals, citing concerns over criminal activities by visitors. This move, confirmed by an Islamabad official, follows repeated incidents of unlawful behavior by Pakistani travelers. The restrictions impact Pakistan's overseas labor plans and add worry for families reliant on Gulf earnings.
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News and Media
Thyrocare Technologies shares slumped 66.7% to 492 on Friday as they began trading ex-bonus for the recently announced 2:1 bonus issue. The sharp drop is a normal adjustment due to the bonus issue and doesnt indicate any deterioration in fundamentals.
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News and Media
Mahindra & Mahindra shares surged following Nomura's Buy rating and a Rs 4,335 price target, driven by the launch of the feature-rich XEV 9S at a disruptive price. The brokerage anticipates strong SUV growth and sees the new vehicle as a catalyst for Mahindra's electric era, with bookings opening in January 2026.
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News and Media
Vidya Wires is launching its Rs 300-crore IPO on December 3 with a price band of Rs 4852. The issue includes fresh shares and an OFS, valuing the firm at a discount to industry peers. With strong FY25 revenues and solid profitability, the IPO offers attractive sector-linked growth potential.
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News and Media
Vedanta's ESL Steel is set to raise 2,000 crore via non-convertible debentures. This fundraising follows a previous 5,000 crore raise earlier this year. Vedanta's leverage remains a focus due to dividend outflows to its parent, Vedanta Resources. The company's net leverage has seen a reduction. Vedanta Resources has also reduced its debt significantly.
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News and Media
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