Top news December 10: SEBI's T+0 Settlement, Mamata's growing support, Jungle Camps India IPO, and more

SEBI Rolls Out Optional T+0 Settlement for Top 500 Stocks Starting January 31, 2025

The Securities and Exchange Board of India (SEBI) announced that it will introduce optional T+0 (same-day) settlement for the top 500 stocks, starting from January 31, 2025. This will initially apply to the bottom 100 stocks in the top 500 list, with further rollouts in intervals of 100 stocks. The T+0 settlement will allow quicker processing of trades, boosting market liquidity.

Jungle Camps India IPO Opens, Targets ₹29.42 Crore

Jungle Camps India Limited’s initial public offering (IPO) opened today and will remain open until December 12, 2024. The hospitality company aims to raise ₹29.42 crore with its fresh issue. The price band for the IPO has been set between ₹68 and ₹72 per equity share. On the first day of bidding, the issue received strong interest, with shares available at a premium of ₹65 in the grey market.

Mamata Banerjee Gains Support to Lead Opposition INDIA Bloc

RJD leader Lalu Yadav expressed his strong support for Mamata Banerjee to take the helm of the opposition INDIA bloc. Despite objections from Congress, Yadav emphasized that Mamata should lead the coalition, signaling a shift in the political dynamics ahead of the 2024 general elections.

Arvind Kejriwal Announces New Guarantees for Auto Drivers Ahead of Delhi Elections

Delhi Chief Minister Arvind Kejriwal unveiled a set of five new guarantees aimed at supporting auto rickshaw drivers in the city. These include insurance coverage of up to ₹10 lakh, financial assistance for daughters' weddings, biannual subsidies for uniforms, and educational support for drivers' children. He also promised to relaunch the ‘Pucho App’ to assist drivers.

Lalu Yadav Faces Backlash for Sexist Remarks About Nitish Kumar's Women's Rally

RJD leader Lalu Yadav sparked controversy with sexist comments regarding Bihar Chief Minister Nitish Kumar’s Mahila Samwad Yatra. Yadav made derogatory remarks about the initiative, which is aimed at engaging with women across the state, drawing criticism for his inappropriate comments.

TIME Person of the Year 2024 Shortlist Includes Kate Middleton

Kate Middleton has made it to the shortlist for TIME’s Person of the Year 2024. Her impactful year, marked by a health scare and involvement in major royal events, has kept her in the public eye. Kate was also a runner-up for the prestigious title in 2011 and featured on TIME’s 100 Most Influential People list in 2013.