The share of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, jumped nearly 5 per cent in the morning trade on Monday.

At around 11:06 am, the share price of Adani Enterprises rose 4.97 per cent to Rs 2,529 per share on the BSE.

The stock's 52-weeks high price was Rs 3,743 per share and lowest price was Rs 2,030 per share.

The current market price of Adani Enterprises has crossed its two resistances. The current market price first crossed the resistance of 2,444.93, after which it was successful in crossing the resistance of 2,473.37.

Meanwhile, Adani Ports maintained its place in the top gainers of the Sensex. At around 10 am, the stock of Adani Ports was trading at Rs 1,239.75, up 0.74 per cent.

The share of Ola Electric fell around 3 per cent on Monday after some fresh high-level exits at the company, including its Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer.

On Monday, the share was trading less than Rs 86 apiece, after falling nearly 3 per cent.

Khandelwal and Chatterjee stepped down from their roles at the company, effective December 27, citing personal reasons.

Both executives initially joined Ola's ride-hailing business before transitioning to Ola Electric Mobility.

Several top executives of the company have tendered their resignations this year as the company faces mounting pressure.

N Balachandar, Group Chief People Officer, left the EV company in November after overseeing HR for Ola Electric, Ola Cabs, and Krutrim AI.

Leading brokerage Ventura Securities Ltd has set a bullish target of Rs 3,801 for Adani Enterprises Ltd's (AEL) stock, which is a potential upside of 57.8 per cent over the next 24 months.

The share of Adani Group's flagship company is currently trading at Rs 2,409 apiece.

In a bull case scenario, the target price rises to Rs 5,748, which would mark an upside of 138.6 per cent, the brokerage said in its note.

“We have assumed revenue of Rs 1,66,615 crore (FY24-27E CAGR of 20 per cent) and an EBITDA margin of 20 per cent at an EV/EBITDA of 23.4X, which will result in a bull case price target of Rs 5,748," said the brokerage.

Adani Enterprises is on a strong growth trajectory, as per the note by Ventura. Over fiscal years 2024 to 2027, its consolidated revenue is expected to grow at a compounded annual growth rate of 17.5 per cent to Rs 1.56 lakh crore.

"EBITDA and net margins are projected to expand by 647 basis points to 18.3 per cent and 255 bps to 5.9 per cent, respectively," it said, adding that "return ratios – RoE and RoIC – are expected to improve by 563 bps to 14.5 per cent and 99 bps to 11.3 per cent, respectively".

There has been a significant surge in bank fraud cases in the first half this fiscal (April-September), with 18,461 incidents amounting to Rs 21,367 crore, according to a report by the Reserve Bank of India (RBI).

This is an almost 28 per cent rise in the number of cases (14,480 in April-September of FY24) and over eight-fold increase in the total amount (Rs 2,623 crore), compared to the same period last fiscal.

In FY 2023-24, the internet and card frauds accounted for 44.7 per cent of the total fraud amount and 85.3 per cent of the cases, said the Central Bank in its report on trend and progress of banking in India.

The report further stated that private sector banks reported 67.1 per cent of all fraud cases, while public sector banks faced the highest financial impact.

The Indian startup ecosystem received a funding booster this year with raising more than $12 billion, a 20 per cent jump from last year’s $10 billion.

While late-stage funding surged 25 per cent to more than $7 billion in 2024, growth-stage startups secured $3.5 billion in 282 deals, according to ‘Annual Funding Report 2024’ by startup coverage portal Inc42.

According to the report, early-stage startups were the biggest beneficiaries this year. Early-stage startups cumulatively raised $893 million, which was up 31 per cent (year-on-year) in 433 deals.

The fintech sector raised $2.5 billion across 162 deals, while enterprise tech and consumer services sectors secured $1.8 billion each.

Social media influencers have kicked off a fierce debate over OpenAI’s new o3 reasoning model, with some of them raising concerns about its high cost and the potential for overhyping its artificial general intelligence (AGI) capabilities.

Several of them also expressed awe at its impressive performance across various benchmarks, including exceeding human performance on coding and scientific reasoning tasks, according to GlobalData, a leading data and analytics company.

Influencers are particularly captivated by o3’s ability to perform complex tasks autonomously, potentially exceeding human capabilities in nearly every cognitive domain, and its demonstration of a ‘private chain of thought’ approach, allowing for more reliable answers, said Shreyasee Majumder, social media analyst at GlobalData.

The medium and heavy commercial vehicles (MHCVs) and tractor sales are likely to report better volumes in India this month as the festive season buying rush gets over, a report said on Friday.

Retail sales post-festive have moderated across two-wheelers (2Ws) and passenger vehicles (PVs), as per the report by Emkay Global Financial Services, citing Vahan data.

“We forecast 21,000 and 8,000 units of wholesale dispatches for Mahindra & Mahindra and Eicher, respectively, amid strong uptick during festive (driving benign channel inventory) and the ongoing improvement due to positive farm sentiment and cash flows,” the report maintained.

MHCVs are likely to report better volumes, with sequential improvement and controlled discounts, it added.

“We expect domestic MCHV volumes at 16,000/10,000 units for Tata Motors Limited/ Ashok Leyland, respectively. Overall commercial vehicle (CV) volumes for Tata Motors are expected at 30,000, and at 16,200 for Ashok Leyland,” according to Emkay Global report.

The year 2024 saw four new semiconductor manufacturing units and three ‘Param Rudra’ supercomputers, among several other initiatives, to strengthen India’s position on the global tech stage, the government said on Friday.

Tata Electronics Private Limited (TEPL)’s proposal for setting up a semiconductor fab facility in India with an investment of Rs 91,526 crore was approved in February 2024.

The fab facility will be set up in a technology partnership with PSMC, Taiwan. The production capacity of the project would be around 50,000 wafer starts per month (WSPM).

Another Tata Electronics Private Limited (TEPL)’s proposal for setting up of OSAT facility in India with an investment of Rs 27,120 Crore was approved in the same month. The facility will use indigenous semiconductor packaging technologies with a production capacity of 48 million per day.

Driven by mobile data and fixed broadband segment, the telecom and pay-TV services revenue in India is projected to increase at a compound annual growth rate (CAGR) of 2.5 per cent from $44.9 billion in 2024 to $50.7 billion in 2029, a report showed on Friday.

GlobalData’s ‘India Telecom Operators Country Intelligence Report’ revealed that mobile voice service revenues will decline during the forecast period due to a steady decrease in mobile voice service ARPU, with users increasingly shifting to OTT communication platforms.

“4G is the leading mobile technology by subscriber base in India, accounting for 68.9 per cent of total mobile subscriptions registered in 2024. However, this share is expected to decline to 32.1 per cent in 2029, due largely to subscriber migration to high-speed 5G services,” said Srikanth Vaidya, telecom analyst at GlobalData.

The Tata Group plans to create 500,000 manufacturing jobs over the next half-decade in sectors like battery, semiconductors, electric vehicles and solar industries, Tata Sons Chairman N. Chandrasekaran said on Thursday.

In his annual letter to group employees, Chandrasekaran said these jobs will come in part from facilities across India - factories and projects that will produce batteries, semiconductors, electric vehicles, solar equipment and other critical hardware destined to play a central role in the economy of tomorrow.

"This is in addition to the many services jobs we expect to introduce across retail, tech services, airlines, and hospitality, among other sectors," he wrote.