Earth Alive Clean Technologies Obtains Extension of the Delay to File a Proposal
New Delhi: Ventive Hospitality Limited is set to make its much-anticipated debut on the stock market today, December 30, 2024, following an overwhelmingly positive response to its Rs 1,600 crore initial public offering (IPO). The company’s shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO, which was open for subscription from December 20 to 24, witnessed strong demand from investors, with an overall subscription of 9.82 times. The allotment of shares was finalized on December 26, and Ventive Hospitality is gearing up for its first day of trading today. Ventive Hospitality Limited IPO: Listing TimeVentive Hospitality shares will be available for trading under the ‘B’ Group of Securities on the BSE and NSE. As per the BSE notice, the shares will participate in the Special Pre-Open Session (SPOS) and be open for trading from 10:00 AM. Ventive Hospitality Limited IPO: Latest GMPThe grey market premium (GMP) for Ventive Hospitality shares indicates a strong debut. As of today, the GMP is Rs 70 per share, suggesting that shares are trading at Rs 713 apiece in the unofficial market—an 11 per cent premium over the IPO issue price of Rs 643 per share. Ventive Hospitality Limited IPO: What Analysts Expect?Analysts predict a premium listing, estimating the shares to debut at around 10% above the IPO price, reflecting robust investor interest and confidence in the company’s prospects. Ventive Hospitality Limited IPO: Price BandThe IPO price band was set at Rs 610 to Rs 643 per share, and the issue comprised a complete fresh issue of 2.49 crore equity shares. Ventive Hospitality Limited IPO: Subscription StatusIt attracted significant interest from various categories of investors: Retail Investors: Subscribed 5.94 times. Non-Institutional Investors (NIIs): Subscribed 13.87 times. Qualified Institutional Buyers (QIBs): Subscribed 9.08 times. Overall, the IPO garnered bids for 14.17 crore shares, far exceeding the IPO size of 1.44 crore shares. About Ventive HospitalityVentive Hospitality is making its debut with the backing of prominent book-running lead managers, including JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, and SBI Capital Markets. KFin Technologies served as the IPO registrar, handling the allotment process. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Companies, Business Economy and around the world.
Stock market today: Asian shares are mixed after Wall Street slips, led by tech giantsNEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.
Gary Neville has aimed a cheeky dig at Pep Guardiola after Manchester City were drawn against Salford in the FA Cup . The reigning Premier League champions will host local fourth-tier opposition in the third round in January after the two clubs were paired together in Monday night’s draw at Old Trafford . Such a fixture is certainly not short on narrative, with League Two side Salford co-owned by United’s famous ‘Class of 92’ stars in Gary Neville, David Beckham, Paul Scholes, Ryan Giggs, Phil Neville and Nicky Butt. And Neville could not resist a playful jab at Guardiola on social media straight after Monday’s draw, writing on X: “He’s getting sacked in the morning @SalfordCityFC.” That is a reference to the chants aimed at the Catalan - to which he responded by holding up six fingers as a reminder of how many Premier League titles he has won - by the gleeful home fans at Anfield as Premier League leaders Liverpool deepened the sense of crisis at City with a 2-0 win on Sunday that moved them nine points clear at the top of the table. City are now winless in their last seven matches across all competitions, having last tasted victory at home to struggling Southampton on October 26. Their recent uncharacteristic slump has included an initial run of five successive defeats and now four consecutive Premier League losses, while they also inexplicably threw away a 3-0 lead at home to Feyenoord in the Champions League to draw 3-3. By far the worst run of his illustrious managerial career to date has taken its toll on Guardiola, who said before watching his team fall 11 points off the Premier League title pace on Merseyside: “I don’t like it. I don’t enjoy it at all. “I don’t sleep as good as when I won every game. Maybe it’s more unusual to win four Premier League titles in a row. In that moment I was stable enough, I was happy because I eat better and sleep better.” Among the multitude of other compelling narratives to emerge from Monday’s FA Cup third round draw was League One Peterborough being handed a trip to face Premier League strugglers Everton at Goodison Park - a match that could see the Toffees’ veteran winger Ashley Young go up against his son Tyler, 18. “WOW.......... Dreams Might Come True #FaCup #GoosebumpsMoment #YoungVsYoung,” Young Sr wrote on X.
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ASHBURN, Va. (AP) — When Dan Quinn left the Dallas Cowboys after three years as their defensive coordinator to coach the Washington Commanders, it looked as if he was leaving a perennial playoff contender for a rebuilding project. Instead, Quinn's Commanders are in the thick of the playoff race even after consecutive losses provided something of a speed bump, while the Cowboys' season has fallen apart . Dallas (3-7) visits Washington (7-4) on Sunday in a franchise role reversal for the NFC East rivals. "For me and for the guys, man, it’s Washington-Dallas Week, let’s get down," Quinn said. “I don’t make one (game) too often bigger than another. I just think they’re all really important, and we absolutely go after it as hard as we can.” Quinn, defensive coordinator Joe Whitt Jr. and a handful of former Dallas players have been part of Washington's turnaround, including pass rusher Dante Fowler, defensive end Dorance Armstrong, center Tyler Biadasz and receiver Noah Brown, who famously caught rookie quarterback Jayden Daniels' Hail Mary toss for the game-winning touchdown last month to beat Chicago . Armstrong has followed the Cowboys' downfall since leaving in free agency, saying simply, “It’s not good.” And that was before a piece of their stadium's roof fell Monday night before their fifth consecutive loss , a 34-10 blowout by Houston . Injuries, including starting QB Dak Prescott's torn hamstring that led to season-ending surgery, have been the backdrop for Dallas' forgettable year. Coach Mike McCarthy, who's approaching the end of his contract and possibly his tenure, said he and his staff are “going to stay the course” and play who's available. That means Cooper Rush again getting the nod in place of Prescott, though McCarthy said a package of plays could open up to get 2021 No. 3 pick Trey Lance into the game. “Cooper’s been there for a little minute, so he knows the system really good," said Fowler, who leads the Commanders with 8 1/2 sacks. "Trey Lance is really good with his legs, and he’s a dynamic quarterback, as well. You don’t want to go out there half-stepping against those guys because they do play good football, as well.” The Commanders have played far better football than the Cowboys so far this season, so much that the home team is a 10 1/2-point favorite on BetMGM Sportsbook. Washington has never been more than a nine-point favorite against Dallas in any game going back to at least 2003, according to BetMGM. The Cowboys could get a bit of a spark with the anticipated return of receiver Brandin Cooks, who has seen way too much sorrow around him since he last played in Week 4. “Get guys playing at a high level, playing fun, playing free, and having a great time out there,” Cooks said. “That’s what I’m not seeing right now. I think we can go out there and be more joyful in our process.” There's plenty of joy in Washington, with the playoffs still on the line, unlike Dallas. “It’s definitely cool to be in that type of position rather than being on the other side," Fowler said. “Just cool to see what Coach Quinn has just done since he came here with this team and getting a group of guys to come together and play as one.” A rib injury knocked Daniels out of a rout of Carolina on Oct. 20, and while he did not miss a game, the 23-year-old has not been as dangerous or effective since. The No. 2 pick out of LSU and reigning Heisman Trophy winner has completed 59.5% of his passes the past four games after 75.6% before getting injured, and he has had his average rushing yards cut nearly in half from 53.1 to 27.5. Quinn insists Daniels is not injured and pinned the regression on a lack of practice time in recent weeks. Daniels also said he's good to go after some extra rest following a 26-18 loss at Philadelphia on Thursday, Nov. 14. “The mini bye, I think it just helps everything, just to reset your mind and get ready for the second half of the season,” Daniels said. “I was able to reset and refocus, restart.” The offensive line has been a problem all season for the Cowboys. Now it’s a major injury concern. Perennial All-Pro right guard Zack Martin and promising young left guard Tyler Smith sustained ankle injuries on the same drive in the fourth quarter for the Cowboys against the Texans. Martin, who is also dealing with a shoulder issue, is doubtful. Smith is questionable while also working through a knee injury. T.J. Bass and Brock Hoffman were the replacements at guard against the Texans. The Cowboys could start four linemen 25 or younger, although veteran tackle Chuma Edoga could make his season debut. Edoga was the projected starter at left tackle before injuring a toe in training camp. He is listed as questionable. “With Zack, he’s a keystone for our offensive line," McCarthy said. "That will be a big one. But it’s more opportunity for these young players who haven’t played a lot and are getting a lot of work." McCarthy said the Cowboys “took a step backward, clearly” running the ball against Houston after making progress the previous couple of games. Rico Dowdle, now the clear lead back after ineffectiveness and off-field drama from Ezekiel Elliott, had just 28 yards on 10 carries, and the Cowboys finished with 64 yards. They allowed 141 yards, including 109 and three touchdowns by Joe Mixon, and have the NFL's second-worst rushing defense. Washington's Brian Robinson Jr. has already set a career high with seven TD runs and could be in for a lot of carries. “I look forward to running the ball any time,” Robinson said. “I’m prepared, I’m ready and if it happens like that, I’m ready for it." AP Pro Football Writer Schuyler Dixon in Frisco, Texas, contributed. AP NFL: https://apnews.com/hub/nfl
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