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Bausch + Lomb said it authorized management and advisers to explore a potential sale of the eye health company after shares dropped over reports of faltering deal talks with a group of private equity firms. The company said a sale was “one of several options being explored to complete a full separation from Bausch Health Companies Inc.,” in a statement on Thursday.

Domestic institutional investors (DIIs) net bought shares worth Rs 2,647 crore on December 12, while foreign institutional investors (FIIs) sold shares worth Rs 3,560 crore, provisional data from NSE showed. During the trading session, DIIs bought Rs 13,419 crore and sold shares worth Rs 10,772 crore, and FIIs purchased Rs 14,504 crore in shares while offloading equities worth Rs 18,064 crore.

PC Jeweller Ltd's board has approved the issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt through a one-time settlement, with the shares to be issued at a price higher than the floor price, aiming to repay bank loans and meet working capital requirements.

XRP has surged 260% over the past 30 days, outperforming major cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin. Over the past month, Bitcoin gained 14%, while Ethereum rose by 15%, and Dogecoin by 1%. This rally coincides with Ripple’s announcement of regulatory approval for its RLUSD stablecoin. XRP reached $2.14, marking its highest level in nearly a year.

SAT has quashed a Sebi order that restrained former PTC India CMD Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to alleged corporate governance lapses. The latest ruling came after Mishra approached SAT against SEBI's order on the grounds that he was 'not in charge' and responsible for the conduct of the business of the company.

Gold prices climbed Rs 500 to Rs 80,900 per 10 gms in national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9% purity finished at Rs 80,400 per 10 gms in the previous trading session. Gold has jumped nearly Rs 2,000 in the past 3 sessions. Silver also rallied Rs 700 to Rs 97,000 a kg on Thursday.

The Indian rupee, which has remained volatile throughout the year has depreciated 1.40% so far in 2024, and is likely to hit 85 against the US dollar in coming weeks due to outflows of foreign investors, strong dollar index, and weak growth data, among other factors, despite its relatively stable performance compared to other emerging market peers.

Kenro Capital, an investment firm formed recently by Piyush Gupta, the former head of strategic development at Peak XV, has invested $40 million (Rs 240 crore) in education player K12 Techno Services Pvt Ltd in a mix of primary and secondary deal. The investment marks Kenro’s first investment from its growth-stage-focused secondaries fund that will back companies in India and Southeast Asia.

S&U Plc shares rose on Wednesday, gaining 1.9% in late afternoon trading in London, even as the company flagged significant challenges in the motor finance market and declining consumer and business confidence following the UK Budget, according to a report by Alliance News. The specialist lender, which provides car finance through its Advantage Finance division, noted that trading conditions.

Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2 per cent target, leaving the outlook for future rate cuts uncertain.

Practo is betting big on critical care with the launch of Practo Assured, a service designed to connect patients with top-rated hospitals and clinics for major ailments. With rising competition in healthtech and a growing demand for reliable care options, the platform is venturing beyond its roots in doctor discovery to tackle the complex decisions patients face during life-altering treatments.

The general insurance sector in Canada is forecast to grow at a CAGR of 6% from CAD86.75bn ($65.12bn) in 2024 to CAD115.82bn ($90.07bn) in 2029, in terms of gross written premiums. This is according to GlobalData which also predicted that general insurance in Canada will grow by 5.2% in 2024. In addition, this rise will be driven by an increase in demand for property and motor insurance.

Britain's housing market strengthened in November, with the Royal Institution of Chartered Surveyors' price gauge reaching its highest level since September 2022, driven by increased buyer demand and mortgage approvals. However, uncertainty over the economic outlook and rising mortgage costs may slow sales in 2023, despite optimism for 2025.

Adobe's shares fell 11.5% after its fiscal 2025 outlook missed analysts' targets, despite solid Q4 earnings and a rising backlog of unbilled revenue. The company's struggle to monetize its AI technologies across its software suite continues, with analysts citing conservative revenue growth and intense competition in the creative space.