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Best gas geysers for hassle-free heating and fast hot water when you need it most: Top 10 options to choose from

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Best gas geysers for hassle-free heating and fast hot water when you need it most: Top 10 options to choose from


Gas geysers have become a trusted choice for countless families who value convenience and comfort. There’s nothing quite as frustrating as waiting for water to heat up, especially during those chilly mornings. Gas geysers solve that problem by providing hot water instantly, making them a perfect fit for larger households or homes with high water demands. Powered by LPG or natural gas, they don’t require a bulky storage tank, making them a space-saving solution that can fit easily into any home.

Turn up the heat with the best gas geyser for on-demand hot water.
Turn up the heat with the best gas geyser for on-demand hot water.

What makes gas geysers stand out is their ability to deliver hot water on-demand, whenever you need it. The instant warmth they offer is a true game-changer, especially when you’re in a rush or dealing with multiple people needing hot water at the same time. They’re also more affordable in the long run since gas is a cost-effective fuel. With so many options available, though, finding the right gas geyser can feel overwhelming. That’s where we come in. We’ve rounded up the best models, selected for their reliability, efficiency, and ability to make your daily life a whole lot easier. Let us guide you toward the perfect choice, so you can enjoy uninterrupted hot water with ease.

Let’s discuss it further.

The Bajaj Majesty Duetto Gas 6 LTR Vertical Water Heater is perfect for anyone who wants hot water in a flash. With its simple white design, it easily blends into any space, giving you fast hot water whenever you need it. Powered by LPG, it heats up quickly without wasting time or space. This compact heater is an ideal fit for smaller to medium-sized homes. Whether it’s for your morning shower or a quick task, the Bajaj Majesty Duetto Gas Geyser gets the job done with ease and reliability, making your daily routine smoother.

Specifications of Bajaj Majesty Duetto Gas 6 LTR Vertical Water Heater:

Capacity: 6 Litres

Type: Vertical

Power: LPG (Liquefied Petroleum Gas)

Colour: White

Installation: Wall-mounted

Ignition: Auto ignition

Gas Consumption: 130-150g/hr

Warranty: 2 years

Reasons to Buy Reasons to Avoid
Instant hot water on demand Might not be ideal for larger families
Compact design, space-saving Requires LPG refills regularly
Easy installation and auto ignition Needs proper ventilation for safety

What are buyers saying on Amazon?

Buyers are happy with how quickly this water heater heats up and its compact design, making it a great fit for smaller homes. They also appreciate its ease of use and reliable performance.

Why choose this product?

This gas geyser offers quick heating and a space-saving design. It’s powered by LPG for instant hot water, making it an ideal solution for small to medium households.

The Activa 6Ltr. Instant Pure Copper LPG Gas Water Heater delivers hot water in seconds, making your daily routine hassle-free. Built with a pure copper tank and anti-rust coating, it ensures durability and protection against water corrosion. Its compact, wall-mount design saves space while fitting seamlessly into any home. The sleek silver metallic finish adds a touch of elegance. ISI approval guarantees safety, making it a dependable addition to your household for quick and reliable hot water whenever you need it.

Specifications of Activa 6 Litres Instant Pure Copper LPG Gas Water Heater:

Capacity: 6 Litres

Tank Material: Pure copper with anti-rust coating

Fuel: LPG

Color: Silver metallic

Safety Standard: ISI-approved

Reasons to Buy Reasons to Avoid
Heats water instantly Requires LPG connection
Durable copper tank with anti-rust Not suitable for very large homes

What are buyers saying?

Most buyers praise its quick heating and sturdy build, while others find its size perfect for small to medium households.

Why choose this product?

If you’re looking for a dependable water heater that works fast and lasts long, this is an excellent pick for your daily needs.

Say goodbye to cold water worries with the Longway Xolo Gold DLX 7 Litres Gas Water Heater. It heats water instantly, making mornings smoother and evenings cosier. The 5-star rating promises reliable performance, while the anti-rust coating keeps it durable for years. With multiple safety features, it puts your family’s well-being first. Its compact silver design fits right into your home, adding both style and convenience. A dependable partner for those who value comfort in every season.

Specifications of Longway Xolo Gold DLX 7 Litres 5 Star Rated Automatic Gas Geyser:

Capacity: 7 Litres

Type: Instant gas water heater

Safety Features: Multiple safety systems for secure operation

Material: Anti-rust coated body for durability

Star Rating: 5-star rated for efficient performance

Colour: Silver finish

Ideal For: Small to medium households

Mounting Type: Wall-mounted design

Reasons to Buy Reasons to Avoid
Heats water quickly and reliably Not ideal for very large homes
Anti-rust coating ensures durability Requires proper ventilation

What are buyers saying on Amazon?

Buyers like how quickly it heats water and its compact design that fits well in smaller spaces. Many find it easy to use and durable. Some mention needing help with installation, but once set up, it works perfectly.

Why choose this product?

It’s reliable, safe, and looks good in your home. With fast heating and built-in safety, it’s a smart way to enjoy hot water every day without any hassle.

4. Havells Flagro 5.5 Litre Instant LPG Water Heater

The Havells Flagro 5.5 Litre Instant LPG Water Heater heats water in no time, so you’re never waiting around. With its 5.5-litre capacity, it’s ideal for small households or quick daily use. Powered by LPG, this water heater is designed to deliver hot water instantly. It includes multiple safety features, ensuring you’re protected from any potential risks. This compact, wall-mounted heater takes up little space, making it a simple yet reliable solution for your home’s hot water needs.

Specifications of Havells Flagro 5.5 Litre Instant LPG Water Geyser:

Capacity: 5.5 Litres

Fuel Type: LPG (Liquid Petroleum Gas)

Mounting Type: Wall-mounted

Power Consumption: 2500 W

Body Material: Durable and rust-resistant

Heating Time: Instant hot water delivery

Colour: White

Reasons to Buy Reasons to Avoid
Instant hot water with no waiting time. May not be suitable for large families needing more hot water at once.
Wall-mounted design saves space in the home. Requires regular maintenance for longevity.

What are buyers saying on Amazon?

Buyers are happy with its quick heating and compact design. Many find this gas geyser easy to install and use, with a few mentioning the space-saving feature as a big plus.

Why choose this product?

It’s a solid performer, heating water fast and taking up minimal space. With its built-in safety features and easy setup, it offers a hassle-free experience for everyday use.

The Orient Electric Vento Neo 5-Litre Gas Water Heater provides instant hot water whenever you need it. Powered by LPG, it heats water quickly without any waiting time. Its compact design fits well in any space, making it a great addition to smaller homes. The durable build ensures long-lasting performance, and the white finish adds a clean look to your bathroom or kitchen. Perfect for quick and hassle-free hot water, it’s ideal for smaller households. Reliable and easy to install, it brings convenience right to your home.

Specifications of Orient Electric Vento Neo 5-Litre Gas Geyser:

Capacity: 5 Litres

Fuel Type: LPG

Material: Durable body with corrosion resistance

Mounting: Wall-mounted

Colour: White

Reasons to Buy Reasons to Avoid
Instant hot water whenever needed May not be ideal for larger households
Compact design, perfect for smaller spaces Requires LPG supply

What are buyers saying on Amazon?

Buyers highlight how quickly the Orient Electric Vento Neo Gas Geyser heats water, making it a convenient choice for busy households. Many appreciate its compact design, which fits well in smaller spaces, and the safety features like flame failure protection that provide extra reassurance.

Why choose this product?

If you need hot water quickly, this water heater offers a reliable solution. Its compact size makes it perfect for smaller spaces, and its safety features ensure you can use it without worry. It’s a great choice for small to medium-sized households.

The Longway Xolo Gold DLX 7 Litres Gas Water Heater heats water instantly, providing you with hot water on demand. Its 7-litre capacity is ideal for small to medium-sized households, ensuring everyone has enough hot water when needed. The automatic system ensures a hassle-free experience, with reliable performance every time. It heats water quickly, making it a great choice for busy mornings or when you’re in a rush. This water heater is built to keep your daily routine smooth, delivering comfort and convenience with each use.

Specifications of Longway Xolo Gold DLX 7 litres Automatic Gas Instant Water Heater:

Capacity: 7 Litres

Heating Type: Instant Gas Heater

Rust Protection: Anti-Rust Coating

Energy Rating: 5-Star Rated

Mounting: Wall Mounted

Power Source: LPG Gas

User-friendly: Automatic Operation

Build: Durable Design for Long-lasting Use

Reasons to Buy Reasons to Avoid
Provides hot water instantly when needed Requires proper installation and maintenance
Compact design fits into smaller spaces May not be ideal for large households needing more water

What are buyers saying on Amazon?

Buyers say the Longway Xolo Gold DLX Gas Geyser heats water quickly, making it perfect for busy mornings. They also appreciate its compact size and safety features, which add convenience and reliability to everyday use.

Why choose this product?

If you’re looking for a reliable and quick solution for hot water, this gas heater is a great fit. The 5-star rating ensures it heats water effectively, while the compact size makes it suitable for homes with limited space. The added safety features give users confidence, making it a dependable choice for everyday needs.

Also Read: Affordable gas geysers for water-heating solutions under ₹5000, 10 picks

The Blowhot Gas Geyser 6 Litres provides quick hot water with an instant flow feature. It heats water effectively, making it perfect for busy households. The auto cut-off mechanism ensures safety by automatically switching off once the water reaches the desired temperature. With an ISI mark, it meets high safety standards. This compact, wall-mounted geyser fits easily into small spaces while delivering consistent performance. Ideal for those looking for a hassle-free and dependable solution for daily hot water needs.

Specifications of Blowhot Gas Geyser 6 Litres:

Capacity: 6 Litres

Heating Type: Instant Gas Heater

Rust Protection: Anti-Rust Coating

Mounting: Wall Mounted

Power Source: LPG Gas

User-friendly: Automatic Operation

Build: Durable Design for Long-lasting Use

Reasons to Buy Reasons to Avoid
Provides hot water instantly when needed Requires proper installation and maintenance
Streamlined design fits into smaller spaces May not be ideal for large households needing more water

What are buyers saying on Amazon?

Buyers appreciate how quickly this gas geyser heats water and its user-friendly controls. The auto cut-off feature makes it easy to use with confidence.

Why choose this product?

It delivers hot water on demand, saving you time and effort. The automatic cut-off ensures safe operation.

Surya SS Digital Instant Gas Geyser provides steady hot water with its heavy copper tank, ensuring long-term durability. The digital temperature display makes it easy to monitor the water temperature. With a flow rate of 6 litres per minute, it’s perfect for small to medium homes. The auto cut-off feature adds an extra layer of security, preventing overheating. Easy to install and maintain, this geyser delivers reliable performance every time. A great addition for those seeking convenience and comfort in their daily routine.

Specifications of Surya SS Digital Instant Gas Geyser:

Capacity: 6 Litres per minute

Tank Material: Heavy Copper

Temperature Display: Digital

Auto Cut-Off: Yes, for safety

Installation: Wall mounted

Finish: Matte Silver

Usage: Ideal for small to medium homes

Reasons to Buy Reasons to Avoid
Provides instant hot water Not suitable for larger households
Durable copper tank ensures longevity May require professional installation

What are buyers saying on Amazon?

Many buyers appreciate how the Surya SS Digital Gas Geyser provides hot water quickly, and the digital display is a bonus for easy temperature control. The copper tank ensures it lasts longer, and people like how it fits well in their bathrooms.

Why choose this product?

This gas geyser ensures you always have hot water when you need it, making your daily life easier. It’s built to last, offering reliability and consistent performance over time.

Also Read: High capacity geysers that are perfect for large families who want warm water instantly

We know how important it is to have hot water ready, especially when you’re rushing through your day. With the Blowhot Gas Geyser, you don’t have to wait around. It’s built to give you instant warm water flow whenever you need it, without any stress. The auto cut-off feature makes sure you’re always safe while enjoying the comfort of hot water. Wall-mounted and efficient, it’s the perfect fit for any home. No more waiting. Just reliable, fast, and simple; because we all need a little more ease in our lives.

Specifications of Blowhot Gas Geyser 6 Litres:

Capacity: 6 Litres

Type: LPG Gas Water Heater

Auto Cut-Off: Yes

Wall-Mounted: Yes

ISI Marked: Yes

Instant Warm Water Flow: Yes

Reasons to Buy Reasons to Avoid
Instant hot water for quick use Requires LPG connection
Auto cut-off for safety May need professional installation

What are buyers saying on Amazon?

Buyers appreciate the Blowhot Gas Geyser for its fast water heating capabilities and safety features. They highlight how the geyser provides hot water on demand without any delays. Many users also mention how simple it is to install and maintain, making it a great fit for everyday use.

Why choose this product?

If you’re tired of waiting for your water to heat up and want something reliable, this gas geyser fits the bill. The auto cut-off feature ensures you’re safe, while the instant warm water flow makes life just a bit easier.

You know those mornings when you’re running late, and all you want is a hot shower without waiting forever? This Surya Instant LPG Gas Geyser is exactly what you need. With a powerful 10L per minute flow, you’re never left shivering. Just turn it on and get warm water in seconds. No more standing around waiting for the heater to catch up. It’s quick, reliable, and takes the stress out of your daily routine. If you’re tired of cold water delays, this geyser could become your new best friend.

Specifications of Surya Instant LPG Gas Geyser:

Capacity: 10L/min water flow

Type: Instant LPG Gas Geyser

Installation: Wall mounted

Power Source: LPG

Colour: Orange

Reasons to Buy Reasons to Avoid
Fast heating, no waiting for hot water May require regular servicing
10L/min water flow ideal for quick showers Only works with LPG, not suitable for electric setups

What are buyers saying on Amazon?

Buyers admire its instant heating and reliability. It’s perfect for a quick shower or a busy morning. Just be mindful; if you’ve got a big family, multiple people might need to wait their turn for hot water!

Why choose this product?

Let’s face it, no one enjoys waiting for hot water. This gas geyser heats up quickly and delivers 10L of water per minute, making sure you never have to waste time again. It’s one less thing to worry about in the chaos of daily life.

Also Read: Best geysers under ₹5000: 10 Affordable solutions for economical water heating

Top 3 features of the best gas geysers:

Best Gas Geysers Technology Used Type Special Features
Bajaj Majesty Duetto Gas 6 LTR Vertical Water Heater LPG Gas Heating Instant Gas Water Heater Vertical design, Compact, Auto cut-off, Instant hot water
Activa 6 Litres Instant Pure Copper LPG Gas Water Heater Pure Copper Heat Exchanger, LPG Gas Heating Instant Gas Water Heater Copper tank for durability, Instant hot water
Longway Xolo Gold DLX 7 Litres 5 Star Rated Automatic Gas Geyser 5-Star rated, Automatic LPG Gas Heating Automatic Gas Water Heater 7L capacity, Auto ignition, Flame failure protection
Havells Flagro 5.5 Litre Instant LPG Water Geyser LPG Gas Heating, Auto Cut-Off Instant Gas Water Heater 5.5L capacity, Safety features, High-quality performance
Orient Electric Vento Neo 5-Litre Gas Geyser LPG Gas Heating, Auto Cut-Off Instant Gas Water Heater Compact, Auto safety features, Easy to install
Longway Xolo Gold DLX 7 litres Automatic Gas Instant Water Heater 7L, Automatic Gas Heating Automatic Gas Water Heater Auto ignition, High efficiency, Flame protection
Blowhot Gas Geyser 6 Litres LPG Gas Heating Instant Gas Water Heater 6L capacity, Auto cut-off, Safety valve
Surya SS Digital Instant Gas Geyser LPG Gas Heating, Digital Display Instant Gas Water Heater Digital display, Heavy copper tank, Adjustable temperature
Blowhot Gas Geyser 6 Litres LPG Gas Heating Instant Gas Water Heater Instant hot water, Flame failure protection
Surya Instant LPG Gas Geyser LPG Gas Heating Instant Gas Water Heater 10L/min water flow, Auto cut-off, Heavy-duty performance

Best overall gas geyser:

You know those mornings when you’re running late and just need hot water, like, now? The Bajaj Majesty Duetto is here to solve that. It delivers instant hot water, so you won’t be left shivering anymore. With a smart vertical design, it saves space, while the auto cut-off ensures everything stays safe. It’s the water heater that just works, and the best part? You’ll forget you ever needed to wait for warm water again. Simple, reliable, and always ready!

Also Read: Instant geyser vs storage geysers: A comparison guide; Know which is environmentally friendly, cheaper, and efficient

Best budget friendly gas geyser:

Hot water when you need it, without burning a hole in your wallet. The Orient Electric Vento Neo brings reliable performance at a price you’ll love. It’s perfect for smaller families or anyone in need of quick, easy hot water without the fuss. The 5-litre capacity is ideal for everyday use, and with safety features like auto cut-off, it keeps things worry-free. It’s all the warmth you need, at a price that makes sense!

Gas or electric water heater, which one suits my needs better?

Gas geysers heat up fast and can handle high-demand situations with ease, making them great for busy households. Electric ones are perfect for those who want something easy to maintain and don’t mind waiting a bit longer for the water to heat. It’s all about how quickly you need hot water and which option fits your lifestyle best!

Should I choose a high capacity or smaller capacity gas geyser?

Got a big family or multiple bathrooms? A 7-10 litre geyser will keep up with the demand. For a smaller household or just one tap, a 5-6 litre geyser should be more than enough. It’s all about matching the size with your daily water needs.

What safety features should I look for in a gas geyser?

Look for flame failure protection, automatic cut-off, and overheat safeguards. These features are like peace of mind in a box, making sure your geyser operates smoothly and keeps you safe while heating up water for your next shower!

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FAQs on best gas geysers

  • How quickly does a gas geyser heat water?

    A gas geyser heats water almost instantly, providing hot water in a matter of minutes.

  • Is a gas geyser safe to use?

    Yes, gas geysers come with safety features like flame failure protection, ensuring safe usage.

  • How much gas does a gas geyser consume?

    Gas geysers consume gas only when hot water is used, making them efficient in terms of fuel consumption.

  • What maintenance does a gas geyser require?

    Gas geysers require regular servicing to ensure the burner and venting system are working properly and safely.

  • Is gas better than other geysers?

    Gas geysers heat water quickly and are cost-effective for high-demand use, but they need a gas supply and proper ventilation. Electric geysers are easier to install and suit smaller households.

Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.


‘Invest for me like a 60-year-old’: Mark Cuban to broker after becoming a millionaire

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‘Invest for me like a 60-year-old’: Mark Cuban to broker after becoming a millionaire


Billionaire investor and Shark Tank judge Mark Cuban’s first goal when he made his first million was to not spend all his newfound riches at once.

Billionaire entrepreneur Mark Cuban seemingly takes a swipe at Donald Trump as Shark Tank star reveals how much he pays in taxes to the IRS(Jack Plunkett/Invision/AP)
Billionaire entrepreneur Mark Cuban seemingly takes a swipe at Donald Trump as Shark Tank star reveals how much he pays in taxes to the IRS(Jack Plunkett/Invision/AP)

This was in 1990 when he sold his software company MicroSolutions for $6 million, taking home about $2 million.

Also Read: This billionaire, once world’s richest, lost $32 billion in 2024. It’s not Jeff Bezos

His first step was to approach a broker to invest the money, according to a Moneycontrol report, which cited his recent interview. This was when he was talking about tips he had for young entrepreneurs.

“I want you to invest for me like a 60-year-old. I don’t want you to invest like I’m young, because I want to live off this for a long time,” Cuban, who is now actually 66, told the broker at that time.

This is all because he didn’t have generational wealth with his father being an automobile upholsterer near Pittsburgh.

Also Read: Amazon Prime goes the Netflix way, cracks down on password sharing from 2025

As a result, he also lived like a student with five roommates, sometimes even sleeping on the floor.

“By the time I sold (MicroSolutions), I had just bought the worst house in the best neighborhood, but I wasn’t big into that. I wasn’t big into cars. I wanted to live like a student and just have fun,” Cuban said.

In 1999, he sold his second tech company which was an audio streaming service called Broadcast.com to Yahoo for $5.7 billion. This was when he became a billionaire.

Also Read: YouTuber Gaurav Taneja to appear in Shark Tank India season 4, to pitch BeastLife

It was only after becoming a billionaire that he felt “OK, I’m set,” which also made him feel comfortable to take on more risky investments.


Israel bombs al-Mawasi camps, school amid wave of attacks across Gaza | Israel-Palestine conflict News

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Israel bombs al-Mawasi camps, school amid wave of attacks across Gaza | Israel-Palestine conflict News


UN’s Lazzarini says world must not become ‘numb’ after Israeli strikes kill about 50 Palestinians within 24 hours.

Israel pounded Gaza overnight with deadly attacks targeting displaced people in two camps and a school, as it ordered the forced evacuation of one of the last hospitals barely operating in the enclave’s besieged north.

The military launched a wave of attacks on the so-called “safe zone” of al-Mawasi in the south, setting refugee tents ablaze in a drone attack that killed seven people, with further strikes on a civilian car and a vehicle carrying security personnel killing four others.

In separate attacks, the military targeted a school housing displaced people in Nuseirat refugee camp in central Gaza, killing one person. It also killed four people in an area north of the camp, according to Al Jazeera Arabic and Palestinian news agency Wafa.INTERACTIVE-GAZA-Israeli attacks-DEC23_2024

The raids capped a bloody 24 hours in the Strip, with medical sources telling Al Jazeera Arabic that a total of 50 people had been killed since early Sunday.

As the attacks continued, the military ordered the closure and forced evacuation of Kamal Adwan Hospital in Beit Lahiya, endangering about 400 civilians, including babies in incubators.

The hospital is one of the few still functioning in the north, where thousands of people have been trapped under a punishing siege for nearly three months.

Wafa reported on Sunday that Israeli forces had been targeting the hospital with bombs, artillery shells and sniper fire, specifically striking the women’s, maternity, and neonatal wards, killing three civilians.

The head of the hospital, Hussam Abu Safia, told news agency Reuters that the military was directly targeting fuel tanks, which could potentially “cause a large explosion and mass casualties of the civilians inside”.

Obeying the order to shut down was “next to impossible” because there were not enough ambulances to get patients out, he said.

Reporting from Deir el-Balah in central Gaza, Al Jazeera’s Hani Mahmoud said: “We are in a situation right now where a marked evacuation zone is not safe for displaced people, not the evacuation zone in al-Mawasi, not schools, not shelters, not even hospitals.”

“We are seeing repeated attacks on these particular designated areas for the past month,” he said. “What we’re seeing right now is highlighting the vulnerability of really … traumatised, displaced civilians in these areas.”

Charity Oxfam said on Sunday that Israeli authorities have allowed only 12 aid trucks into northern Gaza in the past two and a half months.

“Deliberate delays and systematic obstructions” by the military meant that only 12 of the “meagre” 34 trucks allowed to enter the zone had been able to distribute aid to starving Palestinians.

Philippe Lazzarini, the head of the UN’s agency for Palestinian refugees, said on Sunday that there had been an “escalation” in Israel’s war on Gaza over the past 24 hours.

In a post on X, he reiterated his calls for a ceasefire, saying “the world must not become numb”.




Bitcoin posts its first weekly decline since Trump’s victory

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Bitcoin posts its first weekly decline since Trump’s victory


Bitcoin posts its first weekly decline since Trump’s victory
Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the proposal.

Bitcoin marked its first weekly decline since Donald Trump’s election victory as the Federal Reserve’s cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.
The largest digital asset was down more than 7% for the seven-day period through 9:27am Monday in Singapore, the biggest such drop since September. A wider crypto market gauge, encompassing smaller tokens such as Ether and meme-crowd favorite Dogecoin, suffered a sharper decline of about 10%.
The Fed on Wednesday delivered a third straight interest-rate cut while signaling a slower pace of monetary easing next year to keep inflation in check, sending global stocks into a tailspin. The hawkish pivot also damped the speculative spirits unleashed in the crypto market by Trump’s pledge of friendly regulations and his backing for a national Bitcoin stockpile. A record outflow from US exchange traded funds investing directly in Bitcoin last week will weigh on prices in the near term, said Sean McNulty, director of trading at liquidity provider Arbelos Markets.
“We should hold the $90,000 level for Bitcoin into the year end, but if we break below that could trigger further liquidations,” McNulty said adding that “meaningful downside hedging” was seen in the options market last week with large buyers for January, February and March puts in $75,000 to $80,000 strikes.
The original cryptocurrency changed hands at about $94,344, nearly $14,000 below the record high set on December 17. The token is up nearly 37% since the presidential election on November 5.
Choppy price action near term ahead of a “bullish trajectory” into the first quarter of 2025 is still the “most likely scenario,” David Lawant, head of research at crypto prime broker FalconX, wrote in a note.
Lawant said a “low-liquidity environment may bring more volatility as we enter into the final days of the year, especially because on December 27 crypto is likely going to see the biggest options expiry event of its history.”
All eyes are on whether leveraged Bitcoin proxy MicroStrategy Inc, the former dot-com-era software maker, continues its weekly buys of the largest cryptocurrency into US Monday and hits the next price trigger, traders said.




Securing the Games: Addressing Challenges in India’s Online Gaming Industry

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Securing the Games: Addressing Challenges in India’s Online Gaming Industry


The gaming industry has undergone tremendous changes, evolving from rudimentary arcade games to massively multiplayer online platforms. Over the past few years, changes in economic models, content, and gaming platforms have pushed the industry from arcades to competitive e-sports, pixelated graphics to lifelike animations, and differentiated experiences to global, interconnected communities. Today, gaming offers immersive experiences through technologies like virtual reality (VR), augmented reality (AR), and mixed reality (MR), making it a multidimensional giant with no signs of stagnation. However, this rapid growth has opened up new avenues of vulnerability, particularly for young people aged 16-24, who account for 83% of the digital footprint of online gaming.

Gaming ( )
Gaming ( )

India’s gaming sector has seen astonishing growth due to affordable smartphones, low data costs and COVID-19 restrictions, with the number of over 450 million online gamers growing at 38% annually, making India the second largest globally. The market has been formed. In 2023 alone, India recorded 9.5 billion game downloads and employed around 100,000 people, which is projected to grow to 2,50,000 by 2025. As reported by Thorton India and the e-Gaming Federation in “Guardians of Safe Play: Ethical Gaming for Vibrant India”. , India has overtaken China’s user base, consolidating its power in the gaming ecosystem. Mobile gaming downloads in India to grow from 5.2 billion in 2022 to 9.66 billion in 2023. Popular games like Ludo King and Free Fire Max earned millions of downloads, cementing India’s role as one of the largest mobile gaming markets in terms of downloads. However, this increase in usage has exposed a dark side, with approximately 3.5% of Indian teens struggling with Internet Gaming Disorder (IGD).

This article examines the rapid expansion of India’s gaming industry, its social impact and the associated risks – particularly those affecting young gamers. The projection shows that the gaming industry will continue to grow, driven by companies such as Game24X7, Dream11 and Mobile Premier League. DFC Intelligence Report 2023 estimates the market to reach $177.8 billion globally by 2030, with India’s share expected to grow to $8.6 billion by 2026. Understanding the balance between innovation and well-being is vital to shaping a sustainable, ethical gaming ecosystem.

Online gaming presents many security challenges, especially as young players become prime targets of financial fraud due to the increasing trend of in-game purchases. Cybercriminals take advantage of social engineering techniques and technical vulnerabilities to steal personal information, exploit unauthorized transactions, and mislead players into unnecessary spending. Multiplayer games, while increasing user engagement through chat and voice functionalities, create opportunities for cyberstalking and harassment, which is particularly worrisome for young and vulnerable users.

Another important issue is the display of age-inappropriate content. Regardless of age rating, many games provide unrestricted access to violent or explicit content. Limited parental controls leave children and teens exposed to content that can negatively impact their emotional and psychological well-being, often desensitizing them to violence or inappropriate topics. Furthermore, extremist groups have increasingly exploited gaming platforms for covert communications, using these spaces to spread radical ideologies, recruit individuals, and even run training simulations.

Although these risks are well documented, several factors contribute to their uncontrolled nature. Cyber ​​crime laws often fail to keep pace with the rapid technological developments in gaming, leading to ambiguity in enforcement. Crimes such as fraud and harassment in the virtual world often fall into legal gray areas, making it difficult for authorities to effectively prosecute criminals. Additionally, gaming platforms often rely on easily bypassed, self-reported age verification mechanisms. This lack of strong verification allows minors to access mature content, exposing them to exploitation and harmful content.

Minimal regulation of gaming content exacerbates the problem. Violent or explicit themes are often widely accessible, and inconsistent application of content guidelines in different countries enables harmful content to circulate unchecked. The lack of unified global standards to regulate content, age restrictions or data privacy is exacerbating this problem. Online gaming crosses borders, yet a lack of international oversight forces jurisdictions to handle these issues independently, often resulting in fragmented and inadequate responses.

Regulatory ambiguity makes matters more complicated. Uncertainty over whether gaming falls under entertainment, gambling or any specific category creates gaps in regulation and prevents effective cooperation between gaming companies and regulatory bodies. This confusion allows threats to persist without proper oversight. Another overlooked concern is the presence of in-game advertisements. These advertisements often target young users and may be inappropriate or lead to fraudulent websites. Without strict controls, in-game advertising may expose minors to inappropriate content or deceptive schemes, further compromising their safety.

In India, the government has recognized the increasing risks associated with online gaming and has taken several measures to address these challenges. However, continued efforts are needed to mitigate these issues and ensure a safe gaming environment for all users.

India has made significant progress in addressing the risks associated with online gaming by developing a regulatory framework and promoting user safety. The Ministry of Electronics and Information Technology (MeitY) is working on rules under the Information Technology Rules that would classify gaming platforms as intermediaries, subject to content regulation and age restrictions to protect users from addiction, financial fraud and inappropriate content. Is.

To encourage industry self-regulation, India has supported the formation of bodies such as the E-Gaming Federation (EGF) and the All-India Gaming Federation (AIGF). These organizations establish guidelines to promote responsible gaming, protect data, and increase financial transaction transparency, reducing the risks of fraud and data abuse. Additionally, to protect young users, gaming platforms are encouraged to display content ratings and provide parental controls that limit exposure to violent or explicit content.

The government has also launched digital literacy campaigns such as “Stay Safe Online” to inform users and parents about cyber risks and empower them to make informed decisions. Cyber ​​crime reporting has improved, with resources such as a national cyber crime reporting portal and a national helpline, making reporting incidents faster and easier to access support.

Financial transaction security in gaming has been strengthened by Reserve Bank of India (RBI) guidelines mandating two-factor authentication, which enhances security in gaming-related purchases and curbs unauthorized transactions. Legislative efforts to regulate online gaming, such as laws introduced in Tamil Nadu and Karnataka, are aimed at addressing gambling-related risks and managing addiction, particularly among young users. Additionally, India’s upcoming Data Protection Bill will enhance user privacy by enforcing strict data management practices on gaming platforms.

The government collaborates with the gaming industry to create a safe environment incorporating artificial intelligence-based content moderation, cyber security measures and user protection features. While these initiatives are still evolving, India is paving the way for a responsible and safe online gaming landscape by balancing growth with necessary regulations.

A framework that prioritizes user safety and transparency is essential to promote the responsible growth of the online gaming industry. Governments should strengthen regulatory frameworks and update cybercrime laws to tackle risks such as in-game cheating, cyberbullying and harassment. Collaboration between gaming companies, law enforcement, and policy makers can standardize definitions and penalties, ensuring criminals face justice. Also implementing stronger age verification and parental controls on gaming platforms to restrict access to age-inappropriate content and empowering caregivers to monitor young users’ exposure to potentially harmful content Is important.

Given the global nature of online gaming, it is important to establish unified content guidelines, age restrictions, and data privacy protections through a worldwide regulatory body. This alliance, representing major gaming markets, can set the standards for creating safe gaming environments around the world. Additionally, platforms should enhance data security by employing advanced cybersecurity protocols, audits, and encryption to protect users from data breaches and financial exploitation.

Digital literacy initiatives can protect users, especially young players, by educating them on how to recognize digital threats. Schools and community organizations can collaborate to promote safe gaming practices. It is also necessary to regulate in-game advertising to prevent the display of inappropriate or misleading content, ad filters and age verification increase protection for young users.

Promoting responsible gaming practices through tools that help users track playing time, spending, and other in-game activities can support mindful gaming, while reducing the risks of addiction. Finally, partnerships with law enforcement are essential to combat extremism on gaming platforms, where monitoring protocols can identify and report suspicious activity, protecting users from radicalization.

By adopting these measures, the gaming industry can promote a safe, inclusive and sustainable gaming environment, balancing innovation with accountability and protecting the well-being of its global user base.

The achievements of the gaming industry come with the responsibility of protecting users from its inherent risks. The rapid expansion of online gaming, while creating a strong economic and entertainment sector, has also introduced significant security vulnerabilities. Establishing harmonized international standards, robust age verification systems, and clear cybercrime definitions is important to combat these threats. Without such safeguards, the gaming industry’s ability to connect and entertain risks being clouded by security concerns, turning what should be a safe space for enjoyment into a source of potential harm. As the industry continues on its path to growth, proactive measures are necessary to ensure that online gaming remains an enriching experience for all, especially its largest demographic of young users.

This article is written by Soumya Awasthi, Fellow, Observer Research Foundation, New Delhi.


Slovakia’s Robert Fico meets Vladimir Putin in surprise Moscow visit

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Slovakia’s Robert Fico meets Vladimir Putin in surprise Moscow visit


EPA Russian President Vladimir Putin (R) shakes hands with Slovak Prime Minister Robert Fico (L) during their meeting at the Kremlin in MoscowEPA

Robert Fico has previously reiterated his opposition to the West’s policy of arming Ukraine

Slovakia’s Prime Minister Robert Fico has made a surprise visit to Moscow for talks with Vladimir Putin – becoming only the third Western leader to meet the Russian leader since the full-scale invasion of Ukraine three years ago.

Fico – a vocal critic of the European Union’s support for Kyiv in the war – said they discussed supplies of Russian gas to Slovakia – which his country relies on.

A deal with Russian gas giant Gazprom to transit energy through Ukraine to Slovakia is due to expire at the end of this year.

“Top EU officials were informed about my journey and its purpose… on Friday,” Fico wrote on Facebook.

However, the visit has gone down badly with opposition parties at home and with Slovakia’s neighbouring EU and Nato ally, the Czech Republic.

Czech Foreign Minister Jan Lipavsky said his government had secured energy independence from Russia, and he was thinking of Ukrainians who could not spend Christmas with their loved ones because of Putin.

In Bratislava, Michal Simecka of Progressive Slovakia said Fico had made his country a tool for the Russian leader’s propaganda and his trip was a “disgrace for Slovakia and a betrayal of national interests”.

The Slovak Prime Minister said the meeting in Moscow was a reaction to Ukrainian President Volodymyr Zelensky telling EU leaders that Ukraine remained opposed to Russian gas being piped through its territory.

Fico, who survived being shot earlier this year, also said he had a “long conversation” with Putin and the two “exchanged views on the military situation in Ukraine”.

Both discussed “the possibilities of an early, peaceful end of the war” and mutual relations between Russia and Slovakia, Fico wrote on Facebook.

Slovakia and Hungary, which both depend on Russian gas, have raised concerns about the prospect of supplies being interrupted.

In October 2023, when Fico became prime minister again, he ended Slovakia’s military aid to Ukraine.

But, he has insisted he wants to be a “good, friendly neighbour” to Kyiv.

Fico’s meeting with Putin came as the leaders of Italy, Sweden, Greece and Finland met on Sunday for a security summit.

Speaking afterwards, Finland’s Prime Minister Petteri Orpo said Russia was a “permanent and dangerous threat” to the EU.

He also stressed the need for increased defence spending and support for Ukraine.


Indian Railways: Pilot Doesn’t Have To Look Outside For Signal – Know The Role Of ‘Kavach’ In Trains | Railways News

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Indian Railways: Pilot Doesn’t Have To Look Outside For Signal – Know The Role Of ‘Kavach’ In Trains | Railways News


Railway Minister Ashwini Vaishnaw highlighted the working of ‘Kavach’ installed by his ministry in the trains as parts of north India witness dense fog. Highlighting the system’s ability to operate in challenging weather conditions, he said that the pilots don’t have to look outside for a signal. “Dense fog outside. Kavach shows the signal right inside the cab. The pilot doesn’t have to look outside for signal,” Vaishnaw posted on X.

According to the Ministry of Railways, the Kavach is Automatic Train Protection (ATP) system which has been developed indigenously. The ATP system is a highly technology intensive system which requires safety certification of the highest order.

The Role Of ‘Kavach’ In Trains

“Kavach aids the Loco Pilot in running of train within specified speed limits by automatic application of brakes in case Loco Pilot fails to do so and also helps the trains to run safely during inclement weather,” the release issued by Railways Ministry read.

The first field trials on the passenger trains started in February 2016, the release read, adding that three firms were approved in 2018-19, for supply of Kavach version 3.2, based on the experience gained and the Independent Safety Assessment of the system by Independent Safety Assessor (ISA).

The next phase of Kavach implementation is being planned as the project for equipping 10,000 Locomotives has been finalised. 69 loco sheds have been prepared for equipping with Kavach, the release read, adding that 3 OEMs are approved for supply of Kavach System currently.

To increase capacity and scale of implementation, trials and approval of more OEMs are at different stages, the release said. By now more than 9000 technicians, operators and engineers have been trained on Kavach technology.

“The cost for the provision of Track Side including Station equipment of Kavach is approximately Rs. 50 Lakhs/Km and cost for the provision of Kavach equipment on locomotives is approximately Rs. 80 Lakh/Loco,” the Ministry of Railways said.

The funds utilised on Kavach works so far is Rs. 1547 Crores. The allocation of funds during the year 2024-25 is Rs. 1112.57 Crores. Requisite funds are made available as per the progress of works.


As South Korea draws visitors chasing beauty, dodgy practices pose risks | Business and Economy News

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As South Korea draws visitors chasing beauty, dodgy practices pose risks | Business and Economy News


Seoul, South Korea – When Alex looked into the price difference between rhinoplasty, commonly known as a “nose job”, in the United States and South Korea, she thought that flying to the Asian country for the surgery was a no-brainer.

“$30,000 or $6,000, the choice was clear,” Alex, who asked not to be referred to by her real name, told Al Jazeera, describing her decision to undergo the procedure in the country “known to be number one in plastic surgery”.

But less than a year later, the entertainer found herself grappling with severe complications.

The implant from her surgery had begun protruding through her skin, necessitating emergency removal back in the US.

“Had I known what I know now, I would have never done it,” she said, visibly distressed as she described her ongoing struggle with complications, including a crooked nose and visible hole that required corrective surgery.

“I don’t think I’ll ever go back to Korea to do surgery because of this.”

South Korea has the highest rate of plastic surgery procedures per capita in the world, according to Expert Market Research, with a market worth $1.7bn in 2023.

The sector is expected to grow to be worth $5.19bn by 2032, driven by the global popularity of Korean pop culture, or “hallyu”, which has popularised Korean beauty standards and fuelled interest in Korean cosmetic procedures worldwide.

In the capital Seoul, the affluent district of Gangnam is awash with clinics and hospitals specialising in cosmetic procedures and surgery, offering everything from double eyelid surgery to facial contouring, liposuction and breast augmentation.

korea
A pedestrian walks past an advertisement for a plastic surgery clinic at a subway station in Seoul on March 26, 2014 [Jung Yeon-Je/AFP]

While they also cater to local customers, international patients are a highly lucrative part of their business.

Last year, South Korea attracted 605,768 non-resident foreign patients for medical services, according to the Ministry of Health and Welfare, with the highest numbers coming from Japan, China, the United States and Thailand.

Plastic surgery accounted for 16.8 percent of procedures – more than 114,000 surgeries – making it the second most sought-after medical speciality after dermatology.

But beneath the glossy marketing and viral social media videos luring medical tourists from around the world, foreign patients face a multitude of barriers to access, misinformation and deceptive practices, putting their health at risk, an investigation by Al Jazeera has found.

One of the biggest challenges for medical tourists is the language barrier.

In key markets like China and the US, prospective patients often turn to a variety of online platforms for advice, including open chat groups, Reddit pages, and even niche forums ostensibly dedicated to topics like designer handbags.

These murky digital spaces are filled with anonymous users discussing procedures while exchanging clinic and doctor recommendations, procedure tips, so-called blacklists and translator contacts.

The abundance of unverified information and lack of accountability make it challenging for users to discern genuine experiences from potentially biased accounts or covert advertisements.

They are also a hunting ground for illegal brokers who can make substantial commissions for simply referring clients.

While soliciting to foreign patients is legal, it requires a government licence. Eligible companies must have a registered Korean office address, maintain specified capital and carry insurance.

Hospitals face more stringent requirements to be able to legally receive foreign patients, including having at least one specialist per medical department and higher levels of medical malpractice insurance.

When posing as a potential patient on a number of platforms, Al Jazeera was approached within minutes by anonymous facilitators who admitted they did not have the required certification.

In 2020, the dangers of the industry were thrust into the spotlight when Bonnie Evita Law, a heiress to a Hong Kong fashion empire, died during a liposuction procedure at a Seoul clinic.

Law was reportedly introduced to the hospital through an illegal broker.

The operating surgeon, later revealed to be an orthopaedic specialist rather than a plastic surgeon, was charged with professional negligence resulting in death. The outcome of the case was not publicly revealed.

While only certified specialists can officially call their practices “plastic surgery clinics”, any licensed medical doctor in South Korea can legally perform cosmetic surgeries as Korean medical law does not restrict doctors to only working in their specialised field.

In a more recent case, a Chinese woman died in January shortly after receiving liposuction surgery at a clinic in Gangnam.

The problem of Chinese cosmetic surgery patients falling victim to unscrupulous and unsafe practices has become so prevalent that the Chinese embassy in Seoul in January issued a notice warning its citizens to “be wary of advertising and risks” and “carefully choose intermediary agencies”.

embassy
Pedestrians walk outside the Chinese embassy in Seoul on January 10, 2023 [Anthony Wallace/AFP]

The Ministry of Health and Welfare, through the Korea Health Industry Development Institute (KHIDI), operates a centre for reporting illegal soliciting of foreign patients.

The number of reports has risen significantly – from 11 cases in 2021 to 16 in 2022, to 59 last year.

An official at KHIDI, speaking on condition of anonymity, said that “cases handled as suspected violations are subject to follow-up measures such as fines and penalties”.

“Those confirmed as illegal solicitation are administratively disposed of by local governments in accordance with the law,” the official said.

However, when pressed for specifics on how many cases were actually investigated or processed, the official did not provide figures, only stating that the number would “inevitably be lower” than the number of cases reported.

Kang Ki-yoon, a lawmaker with South Korea’s ruling People Power Party, last year raised concern about the lack of clarity around the handling of cases, suggesting that despite the increase in reports, there appeared to be little follow-up action.

“It’s a national disgrace for foreigners seeking our country’s world-class medical technology to fall victim to unethical practices by some medical institutions,” Kang said, calling for more rigorous management of such cases.

Speaking on condition of anonymity, a friend of Law, the deceased Hong Kong heiress, expressed concern about the risks associated with overseas surgeries.

“With social media glamourising Korea’s beauty industry, people treat getting surgery in Korea as casually as getting beauty treatment. They should be aware of the dangers and the difficulties of seeking recourse if complications arise,” the friend told Al Jazeera.

Another concern is the prevalence of misleading and potentially illegal reviews.

While Korean medical advertising law prohibits the use of influencers for testimonial marketing, the practice is widespread, especially involving foreign patients, which complicates enforcement.

Al Jazeera reviewed a contract that required a foreign influencer to produce multiple promotional videos and social media content about a plastic surgery clinic in exchange for free surgery, with the clinic dictating specific positive language to be used in posts.

The clinic required that that influencer produce the content before knowing the final results of the surgery, stipulated that it would review all content before its release, and included confidentiality terms that effectively prevented disclosure of the sponsored nature of the surgery.

The influencer delivered the required content but expressed reluctance to use specific positive language demanded by the hospital as she was not happy with the results of the surgery.

The hospital claimed that she had not fulfilled her agreement and demanded that she pay for the surgery and other associated costs, including airfare.

However, according to correspondence from her lawyer, these threats abruptly ceased when the hospital was reminded about the illegality of such practices under medical advertising laws.

‘Conveyor belt’

The case is not isolated.

Al Jazeera spoke to three patients who claimed they were offered discounts in exchange for positive reviews.

Claiming damages for a “medical accident” where “damage occurs to a person’s life, body, or property due to the medical practice of a healthcare provider” is possible through dispute mediation, but both sides need to agree to arbitration.

Alternatively, a lawsuit can be filed, but the process can be lengthy and costly.

Many large clinics boast on their websites that they are “accident-free”.

Such claims are difficult to verify, as patients who share negative experiences publicly can face legal consequences under South Korea’s defamation laws, which can penalise even statements that are true.

Alex, the American who travelled to South Korea for a rhinoplasty, said she found herself rushed into surgery within an hour, despite reservations and the absence of an in-house translator.

Post-surgery, she experienced severe complications, including disfigurement due to the implant protruding through her skin, necessitating emergency removal surgery in the US.

“I felt abandoned, like I was on a conveyor belt,” she said.

“Once they had done the surgery, they didn’t want to deal with me any more. They kept saying I was still healing when I knew something was seriously wrong.”

Frustrated by inadequate aftercare and unable to secure a refund, Alex wrote a review with photos on the Gangnam Unni app, a popular plastic surgery review platform marketed as Unni outside South Korea.

Eager to avoid negative publicity, the hospital offered a full refund, but only after she agreed to delete the review and sign a confidentiality agreement.

The document, which was reviewed by Al Jazeera, prohibits her from discussing the contents of the agreement and her experience on any platform, with failure to comply resulting in financial penalties.

On Gangnam Unni, users can only sort reviews by “recent” or “recommended”, with no option to filter from lowest to highest rating, making it difficult to find negative reviews.

Al Jazeera reached out to Healing Paper, the company behind the app, for comment on their handling of negative reviews and the practice of patients being pressured to remove critical feedback, but received no response.

While risks exist, many patients have positive experiences with plastic surgery in South Korea, and efforts are being made to improve safety and transparency in the industry.

Ganngnam
Gangnam Medical Tourism Centre [Raphael Rashid/Al Jazeera]

One such initiative is the Gangnam Medical Tourism Centre, run by the Gangnam district office in Seoul.

As a public entity, the centre does not receive commissions or make referrals, but instead, aims to help foreigners navigate the system and connect with professional, licensed medical translators.

The centre maintains a list of vetted medical institutions, providing an additional layer of security for foreign patients seeking reliable care.

As part of its vetting, the centre verifies that hospitals are registered to treat foreign patients, have specialists in each department, maintain proper malpractice insurance, and possess adequate facilities and staff to handle emergencies.

The centre also conducts on-site inspections of partner institutions and provides training for medical interpreters.

An official at the centre emphasised the importance of careful consideration when seeking medical procedures abroad. “We advise patients to prioritise their health and safety above all else.”

“While cost is a factor, it shouldn’t be the primary consideration when choosing a medical provider or procedure,” the official told Al Jazeera, requesting anonymity.

Jeet Dhindsa, who runs a licensed medical tourism facilitation company that has also helped patients who fell prey to illegal brokers and deceptive practices, stressed the importance of due diligence. “It’s crucial to verify the credentials of both the medical facilities and any intermediaries involved in the process,” Dhindsa told Al Jazeera.

“It’s always best to contact people who are transparent about who they are.”

Reflecting on her experience, Alex said: “Make sure you have someone who can advocate for you if things don’t go as planned.”


IPOs coming up this week: 1 mainboard, 2 SME IPOs, 8 other listings

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IPOs coming up this week: 1 mainboard, 2 SME IPOs, 8 other listings


This week will see three new upcoming initial public offerings (IPOs) comprising of one mainboard IPO, along with eight other listings.

This week will see three new upcoming initial public offerings (IPOs) comprising of one mainboard IPO, along with eight other listings(Representational Image/Pixabay)
This week will see three new upcoming initial public offerings (IPOs) comprising of one mainboard IPO, along with eight other listings(Representational Image/Pixabay)

December 2024 has also been one of the best months for IPOs with 15 mainboard IPOs launched for public subscription, with total fundraising size of over ₹26,000 crore, according to a Moneycontrol report.

The stock market rallied on opening this week despite it having crashed last week due to the US Federal Reserve’s interest rate outlook.

Also Read: 2024 IPOs: Ones that flew over the market’s best

List of upcoming IPOs for the week

1) Unimech Aerospace and Manufacturing

The only mainboard IPO to come this week, Unimech’s public issue will open on December 23, with a price band of ₹745-785 per share.

The engineering solutions provider plans to raise ₹500 crore from its IPO which also closes on December 26.

2) Solar91 Cleantech

The first of the two other SME IPOs is Solar91 which will open on December 24 and close on December 27.

The solar energy company aims to raise ₹106 crore from its IPO with a price band of ₹185-195 per share.

Also Read: Amazon Prime goes the Netflix way, cracks down on password sharing from 2025

3) Anya Polytech & Fertilizers IPO

The second SME IPO for the week is Anya Polytech which will open for public subscription on December 26 and close on December 30.

The price band is set at ₹13-14 per share and the company looks to raise ₹44.8 crore through a book-built issue.

IPO listings for the week

When it comes to mainboard IPOs, companies like Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems will debut on the BSE and NSE on December 27.

For the SME segment, NACDAC Infrastructure will list on the BSE SME on December 24, while Identical Brains Studios, and Newmalayalam Steel will list on the NSE Emerge on December 26, and December 27, respectively.

Also Read: What gets cheaper, what is costlier after GST Council meet? Details here

List of IPOs closing this week

Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems IPOs from the mainboard segment will close their subscriptions on December 23.

Meanwhile, Ventive Hospitality, Senores Pharmaceuticals, and Carraro India will close their IPOs on December 24.

When it comes to SME IPOs, Newmalayalam Steel will close its ₹42-crore IPO on December 23.


Cook Islands wants its own passport. New Zealand says no

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Cook Islands wants its own passport. New Zealand says no


New Zealand has rejected a proposal by the Cook Islands to introduce a seperate passport for its citizens while allowing them to retain New Zealand citizenship.

Cook Islands, a self-governing island Pacific nation, is in “free association” with New Zealand, which is responsible for the former’s foreign affairs and defence.

Cook Islanders can also live, work and access healthcare in New Zealand.

Prime Minister Mark Brown had asked for Cook Islanders to have their own passports “to recognise our own people” – but New Zealand has said that is not possible unless the Cook Islands becomes fully independent.

Documents first released to local broadcaster 1News and seen by Reuters reportedly showed that Brown has for months been pushing for a seperate passport and citizenship for those in the Cook Islands, while hoping to maintain its relationship as a realm country of New Zealand.

Reports say tensions between both countries have been escalating over the issue, with leaders of both places holding a series of talks over the past few months.

“New Zealanders are free to carry dual passports, there are a number of New Zealanders who have their passports of other countries,” Radio New Zealand reported Brown saying.

“It is precisely the same thing that we’ll be doing,” he had said.

However some Cook Islanders had criticised their government for a lack of consultation over the proposal.

Thomas Wynne, a Cook Island national who works in Wellington, told local news outlet Cook Islands News: “The real question is what do the people of the Cook Islands want and have they been consulted on this critical decision? Or will it be a decision made by the few on behalf of the many?”

Other Cook Island residents told 1News that they were worried that such a move would also affect access to services like their right to healthcare in New Zealand.

But on Sunday, New Zealand’s Foreign Minister Winston Peters effectively brought the conversation to an end, announcing that a separate passport and citizenship is only available to fully independent and sovereign countries.

Any move to change the current relationship between the two countries would have to be put through a referendum, he added.

“Such a referendum would allow the Cook Islands people to carefully weigh up whether they prefer the status quo, with their access to New Zealand citizenship and passports, or full independence,” he said in a statement to media outlets.

“If the goal of the government of the Cook Islands is independence from New Zealand, then of course that’s a conversation we are ready for them to initiate.”

According to 1News, Brown later responded to Peters’ statement by saying the Cook Islands would “not be implementing anything that affects our important status [with New Zealand]”.

Nearly 100,000 Cook Islands nationals live in New Zealand, while only about 15,000 live in Cook Islands themselves.

Another small Pacific island, Niue, also shares a similar relationship with New Zealand – it is internally self-governing but relies on Wellington for defence and most foreign affairs.

Self-governing territories elsewhere in the world, including Greenland and the Faroe Islands, which are part of the Kingdom of Denmark, and Puerto Rico, which is subordinated to the US in defence and foreign affairs.