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The predominant form of exits for institutional investors investing in Indian investors at present continues to be largely through lateral stake sales (Mint)
The predominant form of exits for institutional investors investing in Indian investors at present continues to be largely through lateral stake sales (Mint)

Sebi’s relaxed IPO norms for startups may prompt more exits

  • Sebi has also proposed that stipulation for triggering open offers under the takeover norms should be relaxed to a higher threshold of 49% from existing 25%, considering that the higher threshold will give investors a better opportunity to get the right exit

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SBI Life, ICICI Lombard, Axis Bank, HDFC Bank, NTPC, Cipla, Bharti Airtel, Ultratech, Infosys, Dabur, Bajaj are the brokerage's top large cap picks.
SBI Life, ICICI Lombard, Axis Bank, HDFC Bank, NTPC, Cipla, Bharti Airtel, Ultratech, Infosys, Dabur, Bajaj are the brokerage's top large cap picks.

Bull run or flat returns in 2021? ICICI Securities' top 19 stock picks for 2021

'The bull market environment prevailing in CY21 could take Nifty50 to 14,900 levels. However, if market bullishness reverts to average sentiment, the base case fundamental value is ~13,500, which indicates flat returns for CY21.'

India’s active wireless subscriber base also increased by 2.5 million to nearly 961 million (Mint)
India’s active wireless subscriber base also increased by 2.5 million to nearly 961 million (Mint)

Vodafone Idea net loses 2.7 million subscribers in October

  • India’s active wireless subscriber base also increased by 2.5 million to nearly 961 million
  • Mukesh Ambani-led Reliance Jio has a 35% market share of wireless subscribers, followed by Bharti Airtel at 29% and Vodafone Idea at 25%

St Mary Basilica Church illuminated ahead of Christmas festival at Shivajinagar in Bengaluru. (PTI)
St Mary Basilica Church illuminated ahead of Christmas festival at Shivajinagar in Bengaluru. (PTI)

Karnataka govt revises night curfew timings; to come into effect from tomorrow

  • During the night curfew, special rituals for Christmas Midnight Mass can be held without interruption on the night of 24 Dec, the state government said
  • It had also said those travelling to the state from foreign countries must have COVID certificate and the test should have been done only 72 hours before

FILE PHOTO: Nissan Motor Corp. displays its new Ariya all-battery SUV during a press preview at Nissan Pavilion in Yokohama, south of Tokyo, Japan  (REUTERS)
FILE PHOTO: Nissan Motor Corp. displays its new Ariya all-battery SUV during a press preview at Nissan Pavilion in Yokohama, south of Tokyo, Japan (REUTERS)

Twenty years ago Nissan squeezed suppliers, now it needs their help

When Carlos Ghosn arrived at Nissan in 1999, suppliers took the brunt of cost-cutting that helped revive the automaker. Two decades later, his successors are trying for another turnaround

The AWHC issue received bids for 9.91 crore equity shares against an offer size of 66.66 lakh equity shares (excluding anchor book), the subscription data available on the exchanges showed
The AWHC issue received bids for 9.91 crore equity shares against an offer size of 66.66 lakh equity shares (excluding anchor book), the subscription data available on the exchanges showed

Antony Waste Handling Cell’s Rs300 crore IPO subscribed 15 times on final day

  • The IPO followed the mad rush of investors for the last two public offerings, those of Mrs Bectors Food Specialities Ltd and Burger King India Ltd, which were subscribed 199 and 157 times respectively

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ICICI Securities has Infosys as one of its top mid cap picks for 2021. The brokerage has set a target price of  ₹1,410 per share. (MINT_PRINT)
UTI Small Cap Fund received over 86,000 applications
The license fee for the DTH operators has also been revised from 10% of GR to 8% of AGR (Priyanka Parashar/Mint)
Honda Civic is one of the company's oldest offerings in the country
Smartphone users are a lucrative target for digital lending firms.
Smartphone users are a lucrative target for digital lending firms.

RBI cautions against unauthorised lending apps

  • On 24 June, RBI had said banks and non-bank financiers, irrespective of whether they lend through their own digital lending platform or through an outsourced entity, must adhere to fair practices guidelines in letter and spirit

Union minister Prakash Javadekar
Noida International Airport region
Photo: AP
Photo: AP

FDI growth story to 'go well' in 2021 too

With relaxed FDI norms, defence production will be among the areas that will be looked at for fresh overseas investments in the months ahead while easing compliance burden of businesses will be a priority area

Photo: Bloomberg
(Photo: Reuters)
The Cairn Energy case is the second high-profile retrospective tax litigation after that of Vodafone Group (Bloomberg)
The Cairn Energy case is the second high-profile retrospective tax litigation after that of Vodafone Group (Bloomberg)

India to study arbitration case award in Cairn Energy

  • 'After such consultations, the government will consider all options and take a decision on further course of action, including legal remedies before appropriate fora,' Centre said in a statement
  • Cairn Energy asked India to pay funds withheld along with interest to the Scottish oil explorer for seizing dividend, tax refund, and sale of shares to partly recover the dues

FILE PHOTO: HCIL has decided to consolidate the manufacturing operations for vehicles and components at its Tapukara plant in Rajasthan (REUTERS)
The brokerage's best mid cap picks for next year includes-- Infosys, United Spirits, Bharat Electronics, Relaxo Footwears, Dr Lal PathLabs, Timken India and Can Fin Homes. Photo: iStock
The brokerage's best mid cap picks for next year includes-- Infosys, United Spirits, Bharat Electronics, Relaxo Footwears, Dr Lal PathLabs, Timken India and Can Fin Homes. Photo: iStock

Mid cap stocks to outshine in 2021, say analysts. Here are the top picks

The Nifty is expected to remain in a structural bull phase with upside target of 16,200 that is implied by the three year’s consolidation breakout (12200-8000), says ICICI Securities.

An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France,  (REUTERS)
(Representational image)
Under the PM-KISAN, an income support of  ₹6,000 per year is provided to all registered farmers across the country (PTI)
Under the PM-KISAN, an income support of 6,000 per year is provided to all registered farmers across the country (PTI)

Govt to release next deposits of PM-KISAN on 25 December amid farmers' protest

  • The govt will transfer more than 18,000 crores to over 9 crores beneficiary farmer families on 25 December
  • Under the PM-KISAN, a financial support of 6,000 per year is provided to all registered farmers across the country in three equal installments

Bengaluru: St Mary Basilica Church illuminated ahead of Christmas festival at Shivajinagar in Bengaluru.  (PTI)
Consider the issuer risk in market-linked debentures as well as other bonds available in the market (Mint )
Consider the issuer risk in market-linked debentures as well as other bonds available in the market (Mint )

Edelweiss NCDs offer up to 9.95%, should you subscribe?

  • The issue will run from 23rd December to 15th Jan 2021, with an option of early closure. Care Ratings has rated the offering CARE A+; with stable outlook and Brickwork Ratings India Private has rated it as BWR AA-/Stable.

Photo: iStock
Cairn Energy’s victory will be a second loss for India in an international arbitration after Vodafone Group Plc won a years-long tax dispute with the Indian government in September. (Bloomberg)
Cairn Energy’s victory will be a second loss for India in an international arbitration after Vodafone Group Plc won a years-long tax dispute with the Indian government in September. (Bloomberg)

Cairn Energy wins arbitration in tax dispute with India: Report

  • Cairn Energy’s victory will be a second loss for India in an international arbitration
  • An international arbitration tribunal ruled that India’s tax claim of $1.2 billion rupees in past taxes was not a valid demand, people with knowledge of the matter said

Pedestrians walk past a logo at a Xiaomi Corp. store in Hong Kong, China, on Wednesday, Dec. 2, 2020. Xiaomi dropped the most ever in Hong Kong after China's No. 2 smartphone maker raised $3.1 billion in the city's biggest top-up placement on record. Photographer: Paul Yeung/Bloomberg (Bloomberg)
Pedestrians walk past a logo at a Xiaomi Corp. store in Hong Kong, China, on Wednesday, Dec. 2, 2020. Xiaomi dropped the most ever in Hong Kong after China's No. 2 smartphone maker raised $3.1 billion in the city's biggest top-up placement on record. Photographer: Paul Yeung/Bloomberg (Bloomberg)

Xiaomi’s market value tops $100 billion, reaching 2018 IPO goal

The firm’s stock rallied as much as 9.1% Wednesday to a new record in Hong Kong, making it the 13th stock in the city’s benchmark Hang Seng Index to have a market capitalization above $100 billion

Domestic consolidation continued to drive M&A activity in India, accounting for nearly 50% of the total deal value this year. Photo: iStock
Indian stock markets rebounded on Tuesday, clawing back some of the losses from a brutal sell-off in the previous session. (Photo: Reuters)
Indian stock markets rebounded on Tuesday, clawing back some of the losses from a brutal sell-off in the previous session. (Photo: Reuters)

Sensex zooms 437 points, Nifty ends above 13,600; broader indices outperform

  • Having opened in the red, Indian benchmark indices quickly reversed losses to surge higher on Wednesday. The Sensex today hit a high of 46,513.32 and a low 45,899.10, while the Nifty moved in the range of 13,432.20-13,619.45

Bhatkali biryani is topped with fried onions, curry or mint leaves.
Starting in the mother’s womb, the first 1,000 days of a child’s life provide a window of opportunity to improve the child’s nutrition and health outcomes. Those are closely linked to better education, earnings, and health outcomes in later life. (Photo: HT)
Starting in the mother’s womb, the first 1,000 days of a child’s life provide a window of opportunity to improve the child’s nutrition and health outcomes. Those are closely linked to better education, earnings, and health outcomes in later life. (Photo: HT)

How hunger came back to haunt India

  • With data showing a worrying rise in child undernutrition, urgent action is required. Where are the gaps?
  • Getting ICDS services running immediately should be top priority, along with a resumption in school meals. Since malls and cinema halls have reopened, anganwadis should too

The Grey Market Premium of Antony Waste IPO has slipped from around  ₹160 two days ago to the range between  ₹26 and 30 today. (Photo: www.antony-waste.com)
The Grey Market Premium of Antony Waste IPO has slipped from around 160 two days ago to the range between 26 and 30 today. (Photo: www.antony-waste.com)

Antony Waste IPO's grey market premium slide down

The three-day issue closes today, on 23rd December. Price range for the offer has been fixed at 313-315 per share.

Mukesh Ambani, chairman and managing director, Reliance Industries (Mint)
Moderna and Pfizer have rushed to test their vaccines against the new variant. AP
Mumbai: Police officers stand guard at Marine Drive during night curfew in Mumbai (PTI)
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