The Securities and Exchange Board of India (Sebi) has warned investment banking firm JM Financial for certain lapses in due diligence during the initial public offering (IPO) of Western Carrier (India).

The administrative warning, dated January 1, points out that the book-running lead managers (BRLMs) failed to exercise due diligence, as the shortfall in authorised share capital of the company came to notice only after the issue opened for subscription.

Design-led technology services provider Tata Elxsi on Friday said it plans to work with Qualcomm Technologies to accelerate the adoption of Software-defined Vehicle (SDV) for next-generation mobility, leveraging Qualcomm's Snapdragon automotive platform.

Under this, the company said, it aims to utilise the Snapdragon Digital Chassis Virtual System-on-chips (VSoCs) to help revolutionise the SDV development process, enabling R&D teams to accelerate software development and validation.

Five years after the onset of the Covid-19 pandemic, China is grappling with an outbreak of the human metapneumovirus (HMPV). Reports and social media posts suggest that the virus is spreading rapidly, with allegations of overwhelmed hospitals and crematories. Online videos show overcrowded hospitals, while users claim that multiple viruses — including influenza A, HMPV, Mycoplasma pneumoniae, and Covid-19 — are circulating simultaneously.

The civil and criminal cases against the Adani Group, pursued by the US Securities and Exchange Commission (SEC) and the Eastern District of New York, have not been “combined.” Instead, they have been assigned to a single judge in a US court to streamline proceedings and enhance efficiency, CNBC-TV18 reported.

Court orders dated December 12 and December 18, 2024, indicate that these cases were reassigned to one judge to prevent scheduling conflicts and ensure smoother handling.

Shubman Gill, a leading Indian cricketer, is among four Gujarat Titans players who could be summoned by the Gujarat CID Crime Branch as part of an inquiry into a Rs 450 crore Ponzi scheme, according to a report in the Ahmedabad Mirror. The other players potentially linked to the case are Sai Sudharsan, Rahul Tewatia, and Mohit Sharma.

The development follows the interrogation of Bhupendrasinh Zala, the alleged mastermind behind the Ponzi scheme. During questioning, Zala reportedly admitted to not returning the investments made by these cricketers.

Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals.

Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.

Manipur Chief Minister Biren Singh on Tuesday apologised for the ongoing violence in the state, promising that normalcy will be restored in 2025.

“This entire year has been very unfortunate. I want to say sorry to the people of the state for what's happening till today since last May 3. Many people lost their loved ones. Many people left their homes. I feel regret. I apologise. But now, I hope after seeing the last three to four months progress towards the peace, I believe by 2025, the normalcy will be restored in the state," the chief minister said.

AAP supremo Arvind Kejriwal on Tuesday launched the Pujari Granthi Samman Yojana, registering the priest of Marghat Wale Baba temple near Kashmiri Gate ISBT here.

Under the scheme announced ahead of the assembly polls in February, Kejriwal said all the Hindu temple priests and granthis of Gurudwaras will be paid a monthly honorarium of Rs 18,000 if the Aam Aadmi Party (AAP) returns to power in Delhi.

The Reserve Bank of India (RBI) cautioned in its bi-annual Financial Stability Report (FSR) that borrowers with unsecured loans, such as credit cards and personal loans, who also have larger secured loans, risk triggering delinquencies in the secured loans if they default on the smaller ones. Default in any loan category results in other loans of the same borrower being treated as non-performing by the lending financial institution.

Nishant Pitti, co-founder of EaseMyTrip, is set to sell his remaining 14 per cent stake in the company for Rs 780 crore through a block deal scheduled for December 31, according to several media reports. The deal involves 500 million shares priced at Rs 15.6 per unit.

Prominent institutional investors, including CRAFT Emerging Market Fund PCC’s Citadel Capital Fund, Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund, are reportedly participating in the transaction.

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