Mon, Dec 23, 2024 2:58 PM
GEF Capital Partners bets on modular construction firm
A Flip by Avya Verma
Government-run Metals and Minerals Trading Corporation of India Ltd (MMTC) on Monday (December 23) said it received warning letters from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on December 20, 2024. The warnings were issued due to the company's failure to convene a “stakeholders relationship committee” during the financial year 2023-2024, as required under regulatory.
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U.S. stock index futures were subdued on Mon after a last-minute government funding bill averted a shutdown and investors parsed the central bank's forecast on interest-rate cuts next year. The USC passed spending legislation early on Saturday, minutes after the funding's expiration, which could have disrupted everything from law enforcement to national parks ahead of busy Christmas travel season.
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Broadcom shares moved higher in early Monday trading, putting the stock on pace for a December gain of around 40%, following another price target boost for the AI chipmaker from a top Wall Street analyst. Broadcom (AVGO) shares topped the $1 trillion mark this month, in terms of market value, as the group continues to benefit from its market leadership in custom AI chips as well.
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