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Mumbai terror attack mastermind Hafiz Saeed, who is the chief of the banned JuD, was indicted by a Pakistan anti-terrorism court on terror financing charges on December 11.Anti Terrorism Court-I judge Malik Arshad Bhutta charged Saeed along with his accomplices with "terror financing" in different cities of Punjab province.On Saturday, the court had delayed the indictment owing to unavailability of one of the suspects in a case registered by the Counter-terrorism Department (CTD) on charges of terror financing.Close The CTD of the Punjab Police on July 17 registered 23 FIRs against Saeed and his accomplices on the charges of "terror financing" in different cities of Punjab province and arrested the Jammat-ud-Dawah (JuD) chief. He is detained at the Kot Lakhpat jail. related news Citizenship (Amendment) Bill in Rajya Sabha: Amit Shah says Indian Muslims 'were, are and will remain' citizens Chinese officials lash out at US over new legislation Aramco IPO: Shares indicated up … [Read more...] about Pakistan court indicts Hafiz Saeed on terror financing charges

After a massive 166 times subscription to its initial public offering (IPO), all eyes are now on the listing of Ujjivan Small Finance Bank scheduled on December 12.Strong response to the Rs 750-crore public issue suggests a stellar opening with many experts expecting the scrip to open with at least 50 percent premium over the issue price of Rs 37 per share.The grey market premium on the stock has increased from Rs 10 – 12 (as on November 17, 2019) to Rs 25– 29 (till Dec 10), sources told Moneycontrol.Close "We believe the listing premium is likely to hover in the range of Rs 20–25," Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers told Moneycontrol. related news Did you invest in Ujjivan Small Finance Bank IPO? Here's the allotment status How to check Ujjivan Small Finance Bank IPO allotment status Construct 'covered call in Ujjivan Financial' for getting benefit … [Read more...] about Ujjivan Small Finance Bank IPO: Analysts expect 50% listing premium on Dec 12

With rising input and raw material costs, Korean automobile manufacturer, Hyundai, has announced its plans to increase the price range of its entire lineup. The increment itself will vary depending on the model and powertrain.The company is also gearing up to unveil the Xcent’s replacement, Aura on December 19. The compact sedan will be based on the Grand i10 Nios, while Hyundai will offer three BSVI-compliant powertrains with it.The Aura will be offered with a 1.2-litre Kappa Dual VTVT petrol engine which makes 83 PS of maximum power and 113 Nm of peak torque. It will be offered with 5-speed manual and automatic transmission options. Another petrol engine on offer is the 1-litre, Turbo GDi Kappa Dual VTVT engine which makes 100 PS and 172 Nm. It will be offered with a single 5-speed manual gearbox as an option. Hyundai is also offering the 1.2-litre U2 CRDi diesel engine with either a 5-speed manual or a 5-speed automatic gearbox. It makes 75 PS and 190 Nm.Close Considering that … [Read more...] about Hyundai planning to raise product prices from 2020

Union Minister Ravi Shankar Prasad came in for sharp criticism when he pointed to the box-office collections of some films to say the economy was doing fine. But there is one stock, with strong links to films, which has indeed beaten the odds.Consumer spending declined for the first time in 2019 in four decades but shares of specialty retail player INOX Leisure have jumped more than 47 percent on BSE, as of December 9 close. The equity benchmark Sensex has gained more than 12 percent in the same period.Stocks outperforming the market benchmark is not an unusual phenomenon, but what makes INOX Leisure's rise special is that it brushed aside the slump in consumer spending.Close Brokerages are bullish on INOX’s aggressive expansion strategy, focus on premiumisation and ramp-up of margin-accretive segments. related news Broker default – Only a strong deterrent can plug the gap Aramco IPO: Shares indicated up 10% from IPO price ahead of debut The stock is trading at … [Read more...] about This multiplex stock jumped 47% in 2019 despite slump in consumer spending

The three state-owned general insurance companies (National Insurance, United Insurance and Oriental Insurance) have sought a capital infusion of Rs 12,000 crore from the Centre, to stay afloat and conduct business.The three state-owned general insurance companies (National Insurance, United Insurance and Oriental Insurance) have sought a capital infusion of Rs 12,000 crore from the Centre to stay afloat and conduct business.This has been cited as the pre-condition before the proposed merger process begins.“Capital is the immediate need of the business. We can have the merger only once the entities have a healthy balance sheet,” said a senior official.Close It is likely that this proposal will be considered in the upcoming February 2020 budget. It has been almost two years since the merger was first proposed. related news Economic slowdown not a spanner in pay packages of CEOs: Report Onion prices may drop by 50% in the next 2 weeks: Report Hyperloop project: … [Read more...] about Pre-merger blues: PSU general insurers seek Rs 12,000 crore lifeline