Business
Power Division’s Integrated System Plan 2025-35 rejected by APTMA – SUCH TV
All Pakistan Textile Mills Association (APTMA) has rejected the Integrated System Plan 2025-35 prepared by the Power Division.
In a letter addressed to the National Regulatory Power Authority (NEPRA), the APTMA pointed out the wrong expenditure of additional electricity.
APTMA urged the power division not to approve the IGS plan for five years. APTMA said that the wrong expenditure of extra electricity was shown in the Plan.
The expenditure is too high in the IGS plan, and its estimated cost is too high. APTMA said that heavy capacity charges are imposed by showing additional grid demand.
APTMA said that capacity charges are increased from Rs2 to Rs17 per unit, and the government is paying Rs6 trillion under the head of capacity payments.
APTMA demanded that the limit of capacity charges be fixed at Rs 2 per unit. APTMA suggested that the correct expenditure on electricity production should be obtained.
Power consumption in industrial units has already decreased by 4 percent. APTMA said that one-third of farmers use solar systems on their tube-wells, and demand for electricity in the country is not increasing.
APTMA pointed out that basic mistakes in the IGS plan, and the increase in grid demand, are shown artificially.
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.
David A. Grogan | CNBC
DETROIT — General Motors is on pace to be the top U.S.-traded automaker stock of 2025, as shares of GM are having their best year since the Detroit company’s reemergence from bankruptcy in 2009.
GM stock is up over 55% to a record of more than $80 per share, as of Friday’s close, topping the company’s previous annual increase of 48.3% last year. That includes a nearly 13% rise so far in December, adding to five consecutive months of share gains, according to FactSet.
Several factors have been driving the share increase. But GM CEO Mary Barra and other executives have contended for years that the automaker’s stock has been significantly undervalued given its consistent earnings performance.
“Great vehicles, innovative technology, a rewarding customer experience, along with strong financial results, will continue to set GM apart in an increasingly competitive landscape,” Barra said during the company’s last quarterly earnings call in October.
Amid the stock’s run-up, Barra has significantly cut her position in the company. She has exercised options or sold roughly 1.8 million shares this year, valued at more than $73 million, according to public filings confirmed by GM.
As of the last public filing in September, Barra still owned more than 433,500 shares valued at over $35 million, with much of her annual awards granted in options and stock.
GM’s stock performance compares with a 17% yearly increase for Tesla as of Friday’s close, a 34% jump for Ford Motor and a 15% loss for Chrysler parent Stellantis. Other U.S.-traded automakers such as Honda Motor and Toyota Motor have had smaller annual gains.
Auto stocks
GM ‘s most recent quarterly earnings were a major catalyst for Wall Street analyst bullishness that led to reratings and price target increases after the third quarter.
The automaker’s quarterly adjusted earnings per share have topped Wall Street estimates every quarter except the second quarter of 2022 over the past five years, according to average expectations of analysts compiled by FactSet.
Wall Street analysts overall have cited GM’s cash generation, earnings resilience and track record in delivering shareholder returns, including stock buybacks, as reasons for their optimism. The automaker also is expected to greatly benefit from regulation changes under the Trump administration, despite ongoing tariffs.
UBS recently increased its 12-month price target on GM stock by 14% to $97 per share, while naming the company its top autos pick heading into 2026. Morgan Stanley earlier this month also upgraded GM to overweight, with a $90 per share price target.
“In our view, General Motors leads the D3 in the North America and Global market with steady unit sales growth, [average transaction price] growth, disciplined incentive spend, and inventory management. This has resulted in better [earnings before interest and taxes] margin and return metrics than peers,” Morgan Stanley analyst Andrew Percoco said in a Dec. 7 investor note.
GM stock has cumulatively been in the black on a weekly basis since June. The largest weekly gain of 19.3% occurred when the automaker reported its third-quarter earnings on Oct. 21. Those results beat Wall Street’s expectations and the company raised its annual guidance, adding that next year’s earnings are expected to be better than 2025’s.
GM stock’s has also seen a boost from some external factors. The Trump administration has loosened U.S. fuel economy and emissions standards, removed related penalties that were imposed under the Biden administration, and renegotiated its trade deal with South Korea, a major manufacturing hub for GM. Meanwhile, the industry has been seeing a slowdown in less profitable EV sales.
“GM is effectively a regional (NA) [automaker] and we believe they are well positioned to benefit from the relaxed US regulatory environment (emissions and fuel economy),” UBS analyst Joseph Spak said in a Dec. 15 investor note raising the per share price.
GM CFO Paul Jacobson earlier this month said the company will continue stock buybacks.
“As long as the stock remains as undervalued as it is, the priority is to buy back shares. And I think you’ll continue to see that from us going forward,” he said during a UBS investor conference.
GM is rated overweight with an $80.86 target price, according to analyst averages compiled by FactSet.
— CNBC’s Michael Bloom contributed to this report.
Correction: Lucid shares are down for the year. An earlier version misstated their move.
The boss of cinema chain Everyman has stepped down less than three weeks after the company warned trading had been weaker than expected.
Everyman Media Group said on Monday that Alex Scrimgeour was leaving with immediate effect and would be replaced on an interim basis by non-executive director Farah Golant.
His sudden departure comes after the firm issued a trading update on 10 December where it cut its forecasts for revenue and earnings, sending its shares down 20%.
The cinema chain runs 49 venues across the UK and is known for its luxury seating and gourmet menus.
Mr Scrimgeour became chief executive of Everyman Media Group in January 2021 after heading French restaurant chain Cote Brasserie since 2015.
In its trading update earlier this month, the firm said trading at the end of the year had been “weaker than anticipated”. As a result, it expected revenues of £114.5m for 2025 and underlying earnings of at least £16.8m, down from previous forecasts of £121.5m and £19.9m respectively.
Chairman Philip Jacobson said Mr Scrimgeour had “played a pivotal role in the team that successfully led the business through its recovery from Covid, more than doubling revenue”.
Dan Coatsworth, head of markets at AJ Bell, said the outgoing boss had to “deal with a succession of crises from day one” including the cost-of-living, as well as the the pandemic.
However, he added: “The share price fell by 76% during his tenure and time had run out.
“While the cinema industry did manage to regain some of its sparkle post-pandemic, Everyman lost its edge in the market.”
Mr Coatsworth said the upmarket chain had once offered “a unique proposition”, but had since been copied by rivals, including Vue and Odeon, which have installed reclining seats and “also rolled out bars inside their cinemas”.
He added that it would be interesting to see if Blue Coast Private Equity, which owns a 29% stake in Everyman, would buy the chain, “opting to remove it from the public spotlight to enact a turnaround programme”.
Business
E to E Transportation Infra IPO Day 2: GMP At 83%; Issue Receives 123.77x Subscription So Far
Last Updated:
Unlisted shares of E to E Transportation Infra are trading at Rs 319 apiece in the grey market, which is 83% premium over the issue price of Rs 174, indicating a strong listing.
E to E Transportation Infrastructure IPO.
E to E Transportation Infrastructure IPO GMP: The initial public offering (IPO) of E to E Transportation Infrastructure Ltd witnessed its second day of bidding today, Monday, December 29. The price band of the Rs 84.22-crore IPO has been fixed in the range of Rs 164 and Rs 174. Till 5:40 pm on the second day of bidding on Monday, the IPO received a total of 123.77 times subscription, garnering bids for 39,83,49,600 shares as against 32,18,400 shares on offer.
Its retail category got a 166.21x subscription, while its non-institutional investor (NII) quota got a 181.29x subscription. Its qualified institutional buyer (QIB) category has received a 6.32x subscription.
E to E Transportation Infrastructure IPO GMP Today
According to market observers, unlisted shares of E to E Transportation Infrastructure Ltd are currently trading at Rs 319 apiece in the grey market, which is a 83.33 per cent premium over the issue price of Rs 174, indicating a strong listing. Its listing will take place on January 2, Friday, on the NSE’s SME platform.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
E to E Transportation Infrastructure IPO: More Details
E to E Transportation Infrastructure’s Rs 84.22-crore initial public offering is a book-built issue consisting entirely of a fresh issuance of 0.48 crore equity shares. The IPO opened for subscription on December 26, 2025, and will close on December 30, 2025, with allotment expected to be finalised on December 31. The company is slated to make its debut on the NSE SME platform on January 2, 2026.
The price band for the issue has been fixed at Rs 164-Rs 174 per share. Investors can apply in lots of 800 shares. At the upper end of the band, retail investors are required to invest a minimum of Rs 2.78 lakh for two lots (1,600 shares), while high-net-worth individuals must bid for at least three lots (2,400 shares), translating to an investment of Rs 4.18 lakh.
Hem Securities Ltd is acting as the book-running lead manager to the issue, while MUFG Intime India Pvt Ltd has been appointed as the registrar. Hem Finlease Pvt Ltd will serve as the market maker.
Incorporated in 2010, E to E Transportation Infrastructure is an ISO 9001:2015-certified company that provides system integration and engineering solutions for the railway sector.
The company reported a 47% jump in revenue and a 36% rise in profit after tax in FY25 compared with the previous financial year.
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December 29, 2025, 10:23 IST
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