(MENAFN- Live Mint) Top news today, December 16: A host of developments, updates, and events are expected in India and internationally on December 16 in the markets, political, financial, technology, and general spheres. We take a look.
Today (December 16), the Maharashtra, Uttar Pradesh, Madhya Pradesh and Chhattisgarh state assemblies will begin their winter sessions today, farmers will engage in a tractor march in the national capital for their demands, India and Bangladesh commemorate the 1971 Indo-Pak war Vijay Diwas, Vishal Mega Mart IPO allocation and more developments are expected today.
IPO in Focus: Vishal Mega Mart IPO
The Vishal Mega Mart IPO will announce its share allotment today on December 16. The stock hit the primary market on December 11.
Bidding for the public issue will began from 10 am on December 11 till 5 pm on December 13. A bidder could apply in lots, and one lot of the Vishal Mega Mart IPO comprised 190 company shares.
The hypermarket company has fixed the Vishal Mega Mart IPO price band at ₹74 to ₹78 per equity share. The company planned to raise ₹8,000 crore, an entire offer for sale (OFS).
Farmers Plans Tractor March in Delhi, Haryana
After their foot march was suspended in Delhi on December 14, protesting farmers said their next course of action would be a tractor march in states except Punjab on December 16, PTI reported. Further, according to farmer leader Sarwan Singh Pandher, a 'rail roko' protest will be held on December 18 from 12 noon to 3 pm in Punjab.
On December 14, the foot march was suspended after 17 farmers were injured due to teargas shelling and use of water cannons by Haryana security personnel. That was the third time in less than 10 days that security forces blocked farmers from crossing the Punjab-Haryana border.
“How are 101 farmers a danger to the law and order and peace of the country? You are debating the Constitution (in Parliament). Which Constitution allows the use of force against farmers,” he asked, adding,“No discussion is taking place on the issue of farmers in Parliament”.
Vedanta to consider fourth interim dividend issue today
Mining major Vedanta is set to hold a meeting for the board of directors today on December 16. An exchange filing earlier this week indicated that the company will deliberate the release of its fourth interim dividend for the financial year 2024-25.
The company also declared that if the board of directors approve the fourth interim dividend issue, then the issue date will be on Tuesday, December 24.
“Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, December 24, 2024,” said Vedanta in the exchange filing.
India, Bangladesh to commemorate 1971 war 'Vijay Diwas'
India and Bangladesh will commemorate the 53rd Vijay Diwas anniversary of the 1971 India-Pakistan war today, with the annual exchange of war veterans and serving officers, according to an ANI report.
Eight Indian war veterans and two serving officers of the Indian Armed Forces have arrived in Dhaka to commemorate Bangladesh's Victory Day celebrations. Similarly, eight distinguished Muktijoddhas (freedom fighters) and two serving officers of the Bangladesh Armed Forces also reached India to participate in the Vijay Diwas celebrations in Kolkata today, as per the Indian Army on December 15.
Vijay Diwas for the 1971 Liberation War is celebrated nationwide on December 16, to commemorate India's victory against Pakistan in the 13-day war, which ended with Pakistan signing the instrument of surrender in Dhaka and the subsequent liberation of Bangladesh (erstwhile East Pakistan).
Other Important Stories
India Flash Manufacturing PMI data
India WPI Inflation data
US Flash Services PMI data
China Industrial Production data
MENAFN15122024007365015876ID1108995574
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.