Persistent Systems has joined the elite group of companies having a market capitalisation (market cap) of Rs 1 trillion after the stock price of the information technology (IT) company hit a new high of Rs 6,505.70, gaining 3 per cent on the BSE in Thursday’s intra-day trade. The stock has zoomed 101 per cent from its June month low of Rs 3,232.60 after it posted strong earnings, along with guiding for healthy growth going forward.

Farmer leader Sarwan Singh Pandher on Thursday slammed the BJP-led Central government, accusing it of not fulfilling the promises made to the farmers. He added that the protesting farmers at the Shambhu border have not received any proposal from the Centre for negotiations on their demand.

"It has been 305 days since Delhi Andolan 2.0 started and seven days since the 'Amar Anshan'. The ministers are making irresponsible statements," Pandher told ANI.

Emerald Tyre Manufacturers IPO listing today: Shares of tyre maker Emerald Tyre Manufacturers made a solid debut on the NSE SME today, Thursday, December 5, 2024, and continued their upward momentum, hitting the upper circuit within less than 5 minutes of listing. The company's shares listed at Rs 180.50 apiece, a 90 per cent premium over the IPO allotment price of Rs 95.

Shares of Reliance Power reached their 5 per cent at Rs 46.24 per share in the early morning trade of Thursday after the company disclosed that its subsidiary has bagged a large solar energy project.

The company’s arm Reliance NU Suntech won a 930 MW solar energy contract with battery energy storage system project (BESS) from Solar Energy Corporation of India (SECI) in an e-reverse auction held on 9th December 2024.

Finance Minister (FM) Nirmala Sitharaman on Wednesday said the priority of the government for next decade should be to reduce the debt burden and borrow only to build assets.

Sitharaman’s comment comes ahead of the Budget for the next financial year (FY26), to be presented in February next year, in which the government is expected to chart a new path towards debt targeting for the country from FY27 onwards, departing from the current practice of targeting the fiscal deficit.

The Bhartia family, promoters of the Jubilant Bhartia Group, is set to acquire a 40 per cent stake in Hindustan Coca-Cola Beverages (HCCB), the wholly owned bottling arm of Coca-Cola India, for Rs 12,500 crore, according to a report by The Economic Times. If successful, this will mark the family’s largest acquisition to date. The formal announcement of the deal is expected later today, the news report said.

The Aam Aadmi Party (AAP) on Wednesday ruled out the possibility of an alliance with the Congress for the upcoming Delhi Assembly elections. In a statement on X, the party declared, “Aam Aadmi Party will be fighting this election on its own strength in Delhi. There is no possibility of any alliance with Congress.”

The announcement follows media reports suggesting an impending seat-sharing arrangement between the Congress and AAP.

Naxalites have killed a 35-year-old BJP worker in Chhattisgarh's Bijapur district while claiming he was acting as a police informer, an official said on Wednesday.

This is the fifth murder of a civilian by Naxalites in the district in the last seven days.

The latest incident took place on Tuesday night when the deceased, identified as Kudiam Mado, was at his house in Somanpalli village under Farsegarh police station limits, the official said.

Congress MP Manickam Tagore on Wednesday targeted the Yuvajana Sramika Rythu Congress Party (YSRCP), asking whether the YS Jagan Mohan Reddy-led party will have the courage to support the opposition's motion seeking the removal of the Chairperson of the Rajya Sabha, Vice President Jagdeep Dhankhar.

"Will Jagan party have the courage to support the opposition's motion on the Rajya Sabha Chairman issue, or will he stay loyal to Modi and Shah while making empty statements?" Manickam Tagore said in a post on X.

The shares of recently listed NTPC Green Energy were in high demand on Wednesday, as around 12.8 million shares of the company changed hands on the NSE.

NTPC Green Energy share price surged up to 5.28 per cent at Rs 154.40 on the NSE in the early morning trade of Wednesday. The stock’s up move came after the company said that NTPC Renewable Energy Ltd, a subsidiary has won a 500 MW solar power project in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.

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