Swiggy lists at a small premium but gathers pace thereon, analysts remain divided: Shares of Swiggy Ltd. listed at a premium of nearly 8% on Wednesday, November 13. The stock debuted at ₹420 on NSE, up 7.69%, while on BSE, it debuted at a premium of 5.6%, at ₹412, over its initial public offer (IPO) price of ₹390. Post listing, the stock hit an intraday high of ₹449 per share on the BSE, surging 15%. Swiggy’s market capitalisation crossed the ₹1 lakh crore mark intraday.

Softbank upbeat on Swiggy, will only gradually exit OLA Electric: SoftBank-backed Swiggy’s IPO made a strong debut on November 13, with shares opening at ₹420 and rising to ₹449, defying earlier market expectations of a flat start. Another of the group’s investments in India, Ola Electric, made its secondary market debut in August. Talking about Ola Electric in an exclusive interaction with CNBC-TV18, Sumer Juneja, managing partner for India and EMEA at SoftBank, said they are “in no hurry to exit”.

NTPC Green’s Rs 10,000 cr IPO to be launched on Nov 19: The Rs 10,000-crore initial public offering (IPO) of NTPC Green Energy Limited (NGEL), the wholly owned subsidiary of the country’s largest power generation company NTPC, will be a shot in the arm for the company to achieve its target of having 60 GW of renewable energy capacity by FY32.

SC slams bulldozer demolitions, fixes responsibility for lapses: The Supreme Court came down hard on bulldozer justice by the state government and said the executive cannot act like a judge by directing the demolition of the property of an accused.

Govt frames guidelines for crackdown on coaching centres issuing misleading ads: The Department of Consumer Affairs has issued guidelines to curb misleading advertisements by coaching institutes. The guidelines to prevent misleading advertisements in the coaching sector are to restrict the use of photos of successful candidates in IAS exams in lieu of monetary gains.

Jharkhand poll phase-1—683 candidates in the fray: A total of 66.51% voting was recorded in the first phase of elections for the 43 Assembly seats out of 81 in Jharkhand on Wednesday (November 13). Out of 15 districts, Seraikella-kharsawan recorded highest voting percentage at 76.02%, while Ranchi saw lowest at 62.64%.

Varun Beverages launches QIP to raise up to ₹7,500 crore: Varun Beverages Ltd, leading bottler of beverage major PepsiCo, on Wednesday (November 14) has reportedly launched a Qualified Institutional Placement (QIP) with a base deal size of ₹5,500 crore, which can be upsized by an additional ₹2,000 crore, bringing the total potential issue size to ₹7,500 crore, sources privy to the developments told CNBC-TV18.

S&P-500 ekes out small gains, even as yields hold firm despite in-line inflation: The S&P500 eked out a gain Wednesday, as Treasury yields rebounded from session lows despite in-line inflation data teeing up a December rate cut. At 4.00 p.m. ET, the Dow Jones Industrial Average rose 47 points, or 0.1%, the S&P 500 index was up 0.02%, while the NASDAQ Composite fell 0.2%.

US CPI comes in at 2.6%, in-line with estimates: The consumer price index increased 0.2% in October, taking the 12-month inflation rate up to 2.6%. Both numbers were in line with expectations. The core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts.

Cisco gives upbeat annual guidance after Q4 results top estimates powered by AI-led demand: Cisco Systems forecast quarterly revenue and profit above Wall Street estimates after posting upbeat first-quarter results, helped by improving demand for its networking gear amid the AI boom. Shares of the computer networking equipment maker were down 1.4% in extended trading after the company forecast annual revenue broadly in line with estimates. Companies have been ramping up investments in AI technologies which require heavy computing power, creating a spike in demand for data centers, which use Cisco’s products such as ethernet switches and routers.

Trump, Biden discuss Ukraine, Israel in ‘cordial’ White House meeting: U.S. President-elect Donald Trump and President Joe Biden, longtime political rivals, discussed Ukraine and the Middle East on Wednesday in a cordial meeting designed to demonstrate a smooth transfer of power despite deep disagreements over policy. The two American leaders sat side by side before a roaring fire in the White House Oval Office, a peaceful scene that belied tensions between them.

Britain eyes pension ‘megafunds’ to supercharge economy: Britain wants to build a slew of “megafunds” with up to 80 billion pounds ($102 billion) in fresh investment firepower, under plans for the biggest shake-up in UK pensions seen in decades, finance minister Rachel Reeves said on Wednesday.