News Headlines from Business News Agencies :
Business Standard :
📝 Three-wheeler exports rebound in 2024 despite global economic challenges
📝 Brigade Group to invest about Rs 4,500 crore in Hyderabad project
📝 Consumer goods sector faces a muted quarter as urban demand stays sluggish
📝 Foxconn, Dixon ask govt to pay pending production-linked subsidies
📝 Demat tally surges to 185 million in 2024 with 46 million new additions
📝 Govt slashes Nov gold import data by $5 billion in commodity revision
📝 Huge opportunities to increase share in global agri trade: APEDA chairman
📝 ONGC joins hands with BP to boost oil and gas production in largest field
📝 L&T bags significant orders worth Rs 1K-25K cr in Q3FY25 in India, overseas
📝 Private equity investments in India surge 46% to $15 bn: Top deals of 2024
📝 SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%
📝 Mahindra looks to scale up biz globally, eyes more markets with new models
Economic Times :
📝 GMR Group receives Rs 6,300 crore investment from Abu Dhabi Investment Authority
📝 India eyes two more lithium blocks in Jammu and Kashmir, sources says
📝 India eying integrated satellite communication grid, says Defence space official
📝 Eye care chain Dr. Agarwal Health Care gets Sebi nod for IPO
📝 Titan's IRTH Bags eyes Rs 1,000 crore revenue by FY2027 with expansion plans
📝 Heineken-controlled United Breweries halts beer supply in Telangana
📝 Vedanta chairman Anil Agarwal acquires London's iconic Riverside studio
📝 Consumer goods space to see muted growth in 3QFY25: Report
📝 Manufacturing, industrialisation & power capex are structural stories: Rahul Chadha
📝 Proposed duty levy on steel imports could lead to steep price hike in 2025: Crisil
📝 Radisson Hotel Group opens Park Inn by Radisson in Vellore; expands presence in South India
Mint :
📝 Railways spends 76% capex for capacity improvement by far in 2024-25
📝 Cygnett Hotels aims to become ₹300 crore business by FY25-end
📝 Complete Circle's wealth management arm raises new funding from Mankind Pharma
📝 MFI portfolio declines, bad assets spike in Sept qtr: Report
📝 AMD invests in drug-discovery company Absci in push to sell AI chips
📝 China expands consumer subsidies to boost spending as tariff risk looms
📝 FPIs to remain cautious on India until clarity comes on Q3 FY25 earnings: Report
📝 Copper edges higher on fund buying, but tariff worries cap gains
📝 EMS Ltd bags order worth ₹416.5 cr from Indore Municipal Corporation
📝 Goa sees a sharp rise in sports tourism; becomes favourite in South East Asia
📝 Nvidia's Jensen Huang confident Samsung will overcome HBM production challenges
Business Standard :
📝 Three-wheeler exports rebound in 2024 despite global economic challenges
📝 Brigade Group to invest about Rs 4,500 crore in Hyderabad project
📝 Consumer goods sector faces a muted quarter as urban demand stays sluggish
📝 Foxconn, Dixon ask govt to pay pending production-linked subsidies
📝 Demat tally surges to 185 million in 2024 with 46 million new additions
📝 Govt slashes Nov gold import data by $5 billion in commodity revision
📝 Huge opportunities to increase share in global agri trade: APEDA chairman
📝 ONGC joins hands with BP to boost oil and gas production in largest field
📝 L&T bags significant orders worth Rs 1K-25K cr in Q3FY25 in India, overseas
📝 Private equity investments in India surge 46% to $15 bn: Top deals of 2024
📝 SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%
📝 Mahindra looks to scale up biz globally, eyes more markets with new models
Economic Times :
📝 GMR Group receives Rs 6,300 crore investment from Abu Dhabi Investment Authority
📝 India eyes two more lithium blocks in Jammu and Kashmir, sources says
📝 India eying integrated satellite communication grid, says Defence space official
📝 Eye care chain Dr. Agarwal Health Care gets Sebi nod for IPO
📝 Titan's IRTH Bags eyes Rs 1,000 crore revenue by FY2027 with expansion plans
📝 Heineken-controlled United Breweries halts beer supply in Telangana
📝 Vedanta chairman Anil Agarwal acquires London's iconic Riverside studio
📝 Consumer goods space to see muted growth in 3QFY25: Report
📝 Manufacturing, industrialisation & power capex are structural stories: Rahul Chadha
📝 Proposed duty levy on steel imports could lead to steep price hike in 2025: Crisil
📝 Radisson Hotel Group opens Park Inn by Radisson in Vellore; expands presence in South India
Mint :
📝 Railways spends 76% capex for capacity improvement by far in 2024-25
📝 Cygnett Hotels aims to become ₹300 crore business by FY25-end
📝 Complete Circle's wealth management arm raises new funding from Mankind Pharma
📝 MFI portfolio declines, bad assets spike in Sept qtr: Report
📝 AMD invests in drug-discovery company Absci in push to sell AI chips
📝 China expands consumer subsidies to boost spending as tariff risk looms
📝 FPIs to remain cautious on India until clarity comes on Q3 FY25 earnings: Report
📝 Copper edges higher on fund buying, but tariff worries cap gains
📝 EMS Ltd bags order worth ₹416.5 cr from Indore Municipal Corporation
📝 Goa sees a sharp rise in sports tourism; becomes favourite in South East Asia
📝 Nvidia's Jensen Huang confident Samsung will overcome HBM production challenges
🇮🇳India Daybook Stocks in News
Lupin: Company receives Establishment Inspection Report from US FDA for its Pithampur unit-1 manufacturing facility with f Voluntary Action Indicated (VAI) classification. (Positive)
Transrail: CRSIL upgrades long term Credit Ratings of the Company’s bank loan facilities (Positive)
BHEL: Company announced the successful commissioning of Units 1 & 2 of the 6x170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan (Positive)
Manappuram: RBI lifts restrictions on Asirvad Micro Finance. (Positive)
ACME Solar: Company announces the commissioning of an additional 90 MW of solar power capacity in Rajasthan (Positive)
Advait Infratech: Company a Letter of Intent from Gujarat Urja Vikas Nigam Ltd for a 50 MW portion of a 500 MW battery energy storage system project in Gujarat. (Positive)
Power Finance: SPV Company Incorporated As Subsidiary of PFC Consulting (Positive)
LT Foods: Company incorporated a step-down subsidiary LT Food Arabia Limited Company, in Saudi Arabia. (Positive)
Orient Technologies: Company announced the appointment of Shrihari Bhat as its new Chief Executive Officer (Positive)
Nureca: Company obtains injunction against Threpsi, ARC international, tech-connect, injunction safeguards Nureca's brand equity and IP rights (Positive)
Mangalam Global: Board to meet on 13th January to consider stock split. (Positive)
Zen Technologies: Received patent grant for T-72 Containerized Crew Gunnery Simulator System (Positive)
Caplin Point: Company cleared the FDA inspection with zero 483 Observations (Positive)
Brigade: Company launches mixed use project in Hyderabad, eyes ₹3,300 crore revenue (Positive)
GMR Group: Secures Rs 6,300 crore investment from ADIA to reduce debt. (Positive)
Borosil Renewables: Company announces a 50% Capacity expansion in Solar Glass (Positive)
Man Ind: Sanjay Kumar Agrawal resigns as CFO of the company w.e.f January 8 (Neutral)
Tata Motors: JLR Retail sales in Q3 FY25 were 106,334 units, down 3% vs. Q3 FY24 and up 3% vs. Q2 FY25 (Neutral)
Shriram Fin: Face Value Split (Sub-Division) - From Rs 10/- Per Share to Rs 2/- Per Share (Neutral)
Shelter Pharma: Company Approved Upto Rs 50 Cr Fund Raising Via Rights Issue (Neutral)
MOIL Ltd: Company announced it received a penalty order of Rs 16.77 Cr from the Collector of Balaghat, M.P. The penalty is for excess production at the Tirodi Mine. (Neutral)
Mankind Pharma: Mr Ashish Mittal resigned as Company Secretary and Compliance Officer. (Neutral)
Nalco: Company announced Shri Brijendra Pratap Singh’s appointment as the new Chairman-cum-Managing Director of the Company. (Neutral)
Poonawalla Fincorp: Company approved issuance of NCD'S worth up to Rs 1 Billion. (Neutral)
P N Gadgil Jewellers: Company reports 24% (YoY) consolidated growth in Q3 FY25, PNG Jewellers to open 3 more stores in upcoming Quarter. (Neutral)
PI Ind Ltd: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Sonal Tiwari (Neutral)
Hindalco Industries: Company announced that its wholly owned subsidiary, Novelis Inc., is issuing $500 million in senior unsecured notes due 2030 via a private offering. (Neutral)
Transchem Ltd: Company announced the resignation of its CFO, Mr Mukesh Garach, and effective January 7, 2025. (Neutral)
JSW Energy: ICRA reaffirmed a rating of 'ICRA AA/Stable' for the company's Non-convertible Debentures and long-term Bank facilities (Neutral)
UltraTech Cement: Company gets GST order worth 1 crore along with interest. (Neutral)
Berger Paints: No material event or development to disclose in the matter of Akzo Nobel stake buy report (Neutral)
Zee Media: Company to consider raising funds by way of further public issue, QIP or other means. (Neutral)
NTPC Green: Company incorporates arm NTPC Rajasthan Green Energy as 74:26 JV of RVUNL & company (Neutral)
Kotak Mahindra: Bank to consider raising funds by issuance of NCDs on private placement basis. (Neutral)
NMDC: Company cuts Lump Ore & Fines prices by ₹350/tonne effective today. (Neutral)
Lupin: Company receives Establishment Inspection Report from US FDA for its Pithampur unit-1 manufacturing facility with f Voluntary Action Indicated (VAI) classification. (Positive)
Transrail: CRSIL upgrades long term Credit Ratings of the Company’s bank loan facilities (Positive)
BHEL: Company announced the successful commissioning of Units 1 & 2 of the 6x170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan (Positive)
Manappuram: RBI lifts restrictions on Asirvad Micro Finance. (Positive)
ACME Solar: Company announces the commissioning of an additional 90 MW of solar power capacity in Rajasthan (Positive)
Advait Infratech: Company a Letter of Intent from Gujarat Urja Vikas Nigam Ltd for a 50 MW portion of a 500 MW battery energy storage system project in Gujarat. (Positive)
Power Finance: SPV Company Incorporated As Subsidiary of PFC Consulting (Positive)
LT Foods: Company incorporated a step-down subsidiary LT Food Arabia Limited Company, in Saudi Arabia. (Positive)
Orient Technologies: Company announced the appointment of Shrihari Bhat as its new Chief Executive Officer (Positive)
Nureca: Company obtains injunction against Threpsi, ARC international, tech-connect, injunction safeguards Nureca's brand equity and IP rights (Positive)
Mangalam Global: Board to meet on 13th January to consider stock split. (Positive)
Zen Technologies: Received patent grant for T-72 Containerized Crew Gunnery Simulator System (Positive)
Caplin Point: Company cleared the FDA inspection with zero 483 Observations (Positive)
Brigade: Company launches mixed use project in Hyderabad, eyes ₹3,300 crore revenue (Positive)
GMR Group: Secures Rs 6,300 crore investment from ADIA to reduce debt. (Positive)
Borosil Renewables: Company announces a 50% Capacity expansion in Solar Glass (Positive)
Man Ind: Sanjay Kumar Agrawal resigns as CFO of the company w.e.f January 8 (Neutral)
Tata Motors: JLR Retail sales in Q3 FY25 were 106,334 units, down 3% vs. Q3 FY24 and up 3% vs. Q2 FY25 (Neutral)
Shriram Fin: Face Value Split (Sub-Division) - From Rs 10/- Per Share to Rs 2/- Per Share (Neutral)
Shelter Pharma: Company Approved Upto Rs 50 Cr Fund Raising Via Rights Issue (Neutral)
MOIL Ltd: Company announced it received a penalty order of Rs 16.77 Cr from the Collector of Balaghat, M.P. The penalty is for excess production at the Tirodi Mine. (Neutral)
Mankind Pharma: Mr Ashish Mittal resigned as Company Secretary and Compliance Officer. (Neutral)
Nalco: Company announced Shri Brijendra Pratap Singh’s appointment as the new Chairman-cum-Managing Director of the Company. (Neutral)
Poonawalla Fincorp: Company approved issuance of NCD'S worth up to Rs 1 Billion. (Neutral)
P N Gadgil Jewellers: Company reports 24% (YoY) consolidated growth in Q3 FY25, PNG Jewellers to open 3 more stores in upcoming Quarter. (Neutral)
PI Ind Ltd: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Sonal Tiwari (Neutral)
Hindalco Industries: Company announced that its wholly owned subsidiary, Novelis Inc., is issuing $500 million in senior unsecured notes due 2030 via a private offering. (Neutral)
Transchem Ltd: Company announced the resignation of its CFO, Mr Mukesh Garach, and effective January 7, 2025. (Neutral)
JSW Energy: ICRA reaffirmed a rating of 'ICRA AA/Stable' for the company's Non-convertible Debentures and long-term Bank facilities (Neutral)
UltraTech Cement: Company gets GST order worth 1 crore along with interest. (Neutral)
Berger Paints: No material event or development to disclose in the matter of Akzo Nobel stake buy report (Neutral)
Zee Media: Company to consider raising funds by way of further public issue, QIP or other means. (Neutral)
NTPC Green: Company incorporates arm NTPC Rajasthan Green Energy as 74:26 JV of RVUNL & company (Neutral)
Kotak Mahindra: Bank to consider raising funds by issuance of NCDs on private placement basis. (Neutral)
NMDC: Company cuts Lump Ore & Fines prices by ₹350/tonne effective today. (Neutral)
TCS Q3
* Revenue at Rs 63973 crore versus poll Rs 64333 crore
* EBIT at Rs 15657 crore versus poll Rs 15759 crore
* EBIT margin at 24.47% versus poll 24.48%
* Net profit at Rs 12380 crore versus poll Rs 12362 crore
* Interim dividend of INR 10 and a special dividend of INR 66 per Equity Share (Record Date 17th January)
(Numbers seen inline with estimates)
* Revenue at Rs 63973 crore versus poll Rs 64333 crore
* EBIT at Rs 15657 crore versus poll Rs 15759 crore
* EBIT margin at 24.47% versus poll 24.48%
* Net profit at Rs 12380 crore versus poll Rs 12362 crore
* Interim dividend of INR 10 and a special dividend of INR 66 per Equity Share (Record Date 17th January)
(Numbers seen inline with estimates)
Forwarded from Aapka Saarthi @STOCKARTHi Make Money Work For You !!! (۞ A X i T D S H A H ۞)
TODAYS WEEKLY CLOSING VERY IMP. WATCH 23500 MAKE OR BREAK... +/- 1% buffer.
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Today's Headlines from :
Economic Times
📝 I-T dept to tap Interpol in pursuit of tax dodgers and their secret assets
📝 Jio Star targets Rs 6,000 crore from Champions Trophy, IPL
📝 Adani Group to invest Rs 65K crore in Chhattisgarh projects
📝 India's M&A activity sees 38% jump in CY24, $35 billion IPO pipeline
📝 Finmin to meet heads of banks on Jan 15 to review financial inclusion schemes
📝 Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woes
📝 SAIL, John Cockerill to invest around ₹6,000 crore in building downstream steel plant
📝 Pharma lobby seeks 2-year extension of schedule M deadline
Business Standard
📝 Air India aims to double international transit traffic in three years
📝 We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO
📝 Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals
📝 Centre likely to save over Rs 70,000 crore on expenditure in FY25
📝 JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh
📝 CP, CD rates harden amid tight liquidity conditions in the market
📝 Realtors seek stamp duty cuts, revised home loan limits in Budget
📝 Mahakumbh opens on Monday with Rs 25,000 crore revenue expectations
📝 Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada
Financial Express
📝 US employers opt for remote hiring to bypass likely H-1B rule change
📝 VCs betting on NBFCs for stable investments
📝 Andrew Ng-backed Jivi.ai launches AI platform for HMPV risk assessment
📝 NFRA plans 7 papers to strengthen the audit standards
📝 AMCs get ready with schemes to woo investors
📝 Pan-India crop survey to go digital by FY26
📝 AIFs seek special dispensation for deep-tech startups
📝 IMF warns of weaker Indian economy in 2025 amid global uncertainty and US policy shift
📝 FPI outflow reaches Rs 22,194 crore in January amid weak earnings and steady US dollar
Mint
📝 China reports dip in HMPV infections amid global concern
📝 Parliamentary panel reviews price spike of medicines
📝 Govt to revamp revival framework for MSMEs
📝 Nobel Hygiene eyes up to ₹200 cr in funding led by Neo Group's investment arm
📝 TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
📝 Space race heats up as Jeff Bezos' Blue Origin is set to launch its first rocket
📝 Kolkata, Bengaluru lead India's traffic congestion; Mumbai, Delhi also make list
📝 Industry body CII seeks 10-point Ease of Doing Business reforms from Budget 2025.
Economic Times
📝 I-T dept to tap Interpol in pursuit of tax dodgers and their secret assets
📝 Jio Star targets Rs 6,000 crore from Champions Trophy, IPL
📝 Adani Group to invest Rs 65K crore in Chhattisgarh projects
📝 India's M&A activity sees 38% jump in CY24, $35 billion IPO pipeline
📝 Finmin to meet heads of banks on Jan 15 to review financial inclusion schemes
📝 Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woes
📝 SAIL, John Cockerill to invest around ₹6,000 crore in building downstream steel plant
📝 Pharma lobby seeks 2-year extension of schedule M deadline
Business Standard
📝 Air India aims to double international transit traffic in three years
📝 We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO
📝 Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals
📝 Centre likely to save over Rs 70,000 crore on expenditure in FY25
📝 JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh
📝 CP, CD rates harden amid tight liquidity conditions in the market
📝 Realtors seek stamp duty cuts, revised home loan limits in Budget
📝 Mahakumbh opens on Monday with Rs 25,000 crore revenue expectations
📝 Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada
Financial Express
📝 US employers opt for remote hiring to bypass likely H-1B rule change
📝 VCs betting on NBFCs for stable investments
📝 Andrew Ng-backed Jivi.ai launches AI platform for HMPV risk assessment
📝 NFRA plans 7 papers to strengthen the audit standards
📝 AMCs get ready with schemes to woo investors
📝 Pan-India crop survey to go digital by FY26
📝 AIFs seek special dispensation for deep-tech startups
📝 IMF warns of weaker Indian economy in 2025 amid global uncertainty and US policy shift
📝 FPI outflow reaches Rs 22,194 crore in January amid weak earnings and steady US dollar
Mint
📝 China reports dip in HMPV infections amid global concern
📝 Parliamentary panel reviews price spike of medicines
📝 Govt to revamp revival framework for MSMEs
📝 Nobel Hygiene eyes up to ₹200 cr in funding led by Neo Group's investment arm
📝 TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
📝 Space race heats up as Jeff Bezos' Blue Origin is set to launch its first rocket
📝 Kolkata, Bengaluru lead India's traffic congestion; Mumbai, Delhi also make list
📝 Industry body CII seeks 10-point Ease of Doing Business reforms from Budget 2025.
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🇮🇳 Bharat India Daybook Stocks in News
Poly Medicure: Company announced a joint venture with AMPIN C&I Power Private Limited to establish a solar power project in Haryana, India. (Positive)
Indegene: CliniOps Announces Strategic Partnership with Company to Accelerate Clinical Trials (Positive)
Polyplex Corporation: Company announced a plan to add 52,400 MTPA of BOPET Film manufacturing capacity in India by H1 FY2027-28. This Approx. Rs 558 Cr investment. (Positive)
NIBE Ltd: Company received "Mega Project" status for its Shirdi manufacturing facility, to produce aircraft parts, at a revised cost of Rs. 800 crores. (Positive)
Oberoi Realty: Appointed as the developer for Bandra Reclamation slum project, securing ~3.2 lakh sq. ft. free sale area. (Positive)
JSW Energy: Acquires 125 MW renewable energy assets from Hetero Group for ₹630 crore via JSW Neo Energy. (Positive)
Biocon: Malaysia unit gets clearance from the USFDA. (Positive)
Interarch: Company gets orders worth ₹221 cr in semiconductor & lithium-ion battery sector, from Tata Projects (Positive)
NLC India: Arm NLC India Renewables and Assam Power Distribution Company sign joint venture agreement for development of solar power project in Assam (Positive)
ICICI Lombard: Company gets tax relief of ₹174.6 crore (Positive)
HEG: TACC Limited, has signed a non-binding MoU with Ceylon Graphene Technologies to advance graphene tech. (Positive)
Afcom Holdings: Company has secured a long-term contract with Ethihad for regular cargo flights between Chennai and Male. (Positive)
Just Dial: Net profit up 42.7% to ₹131.3 crore. Revenue up 8.4% to ₹287.3 crore. EBITDA margin at 30.1% from 22.7%. (Positive)
Waaree Energies: Company to acquire 100% stake in Enel Green Power India from Enel Green Power Development for ₹792 crore. (Positive)
Oil upstream stocks: Oil hits four-months high amid a fresh wave of US sanctions against Russia’s energy industry. (Positive)
SBI Life: December Premium grew by 15 percent YoY (Positive)
ITC: Board of ITC Hotels allots 125.11 crore equity shares to shareholders of ITC. (Neutral)
Sunteck Realty: Pre-sales in the third quarter up 40% from last year to ₹635 crore. Collections down 23.3% year-on-year to ₹336 crore. (Neutral)
Everest Industries: Company announced the resignation of Mr. Pramod Nair as CFO, effective January 10, 2025. (Neutral)
PCBL: Net profit at Rs 93.1 cr vs Rs 150 cr , Revenue at Rs 2010 cr vs Rs 1660 cr. (YoY) (Neutral)
Dhunseri ventures: Company invested approximately Rs 30 Cr in its wholly-owned subsidiary, Dhunseri poly Films Pvt. Ltd. (Neutral)
Shree Rama Multi Tech: Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Sandip A. Mistry (Neutral)
IIRM Holding: Company has completed the acquisition of 100% of the paid-up share capital of Sampada Business Solutions Limited. (Neutral)
ICICI Prudential: APE for December 2024 at Rs 8.66 Billion, 15.6% (YoY) growth, New Business premium for December up 3.9% (YoY) (Neutral)
HDFC Life: Premium growth degrew 4.5% to Rs 2,712 crore in December. (Neutral)
Indian Overseas Bank: Bank to Hike Its Lending Rate by 5-10 bps in Some Tenures from Jan 15 2025. (Neutral)
Sarda Energy: Company announced that its subsidiary has synchronized its 24.9 MW Rehar Small Hydro Power Project with the grid and commenced trial power production. (Neutral)
Havells India: Company announced the record date for determining interim dividend eligibility. The record date is 22nd Jan 2025. (Neutral)
DMart: Net profit up 4.8% at ₹723.7 cr vs ₹690.6 cr, Revenue up 17.7% at ₹15,972.6 cr vs ₹13,572.5 cr (YoY) (Neutral)
Grasim: A minor process safety incident occurred at our Karwar Plant, Karnataka On January 11, 2025 , affected workers expected to make a full recovery. (Neutral)
Adani Wilmar: Adani Commodities to exercise oversubscription of the OFS for another 1.51% stake. OFS to open for retail investors on Monday.(Neutral)
Poly Medicure: Company announced a joint venture with AMPIN C&I Power Private Limited to establish a solar power project in Haryana, India. (Positive)
Indegene: CliniOps Announces Strategic Partnership with Company to Accelerate Clinical Trials (Positive)
Polyplex Corporation: Company announced a plan to add 52,400 MTPA of BOPET Film manufacturing capacity in India by H1 FY2027-28. This Approx. Rs 558 Cr investment. (Positive)
NIBE Ltd: Company received "Mega Project" status for its Shirdi manufacturing facility, to produce aircraft parts, at a revised cost of Rs. 800 crores. (Positive)
Oberoi Realty: Appointed as the developer for Bandra Reclamation slum project, securing ~3.2 lakh sq. ft. free sale area. (Positive)
JSW Energy: Acquires 125 MW renewable energy assets from Hetero Group for ₹630 crore via JSW Neo Energy. (Positive)
Biocon: Malaysia unit gets clearance from the USFDA. (Positive)
Interarch: Company gets orders worth ₹221 cr in semiconductor & lithium-ion battery sector, from Tata Projects (Positive)
NLC India: Arm NLC India Renewables and Assam Power Distribution Company sign joint venture agreement for development of solar power project in Assam (Positive)
ICICI Lombard: Company gets tax relief of ₹174.6 crore (Positive)
HEG: TACC Limited, has signed a non-binding MoU with Ceylon Graphene Technologies to advance graphene tech. (Positive)
Afcom Holdings: Company has secured a long-term contract with Ethihad for regular cargo flights between Chennai and Male. (Positive)
Just Dial: Net profit up 42.7% to ₹131.3 crore. Revenue up 8.4% to ₹287.3 crore. EBITDA margin at 30.1% from 22.7%. (Positive)
Waaree Energies: Company to acquire 100% stake in Enel Green Power India from Enel Green Power Development for ₹792 crore. (Positive)
Oil upstream stocks: Oil hits four-months high amid a fresh wave of US sanctions against Russia’s energy industry. (Positive)
SBI Life: December Premium grew by 15 percent YoY (Positive)
ITC: Board of ITC Hotels allots 125.11 crore equity shares to shareholders of ITC. (Neutral)
Sunteck Realty: Pre-sales in the third quarter up 40% from last year to ₹635 crore. Collections down 23.3% year-on-year to ₹336 crore. (Neutral)
Everest Industries: Company announced the resignation of Mr. Pramod Nair as CFO, effective January 10, 2025. (Neutral)
PCBL: Net profit at Rs 93.1 cr vs Rs 150 cr , Revenue at Rs 2010 cr vs Rs 1660 cr. (YoY) (Neutral)
Dhunseri ventures: Company invested approximately Rs 30 Cr in its wholly-owned subsidiary, Dhunseri poly Films Pvt. Ltd. (Neutral)
Shree Rama Multi Tech: Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Sandip A. Mistry (Neutral)
IIRM Holding: Company has completed the acquisition of 100% of the paid-up share capital of Sampada Business Solutions Limited. (Neutral)
ICICI Prudential: APE for December 2024 at Rs 8.66 Billion, 15.6% (YoY) growth, New Business premium for December up 3.9% (YoY) (Neutral)
HDFC Life: Premium growth degrew 4.5% to Rs 2,712 crore in December. (Neutral)
Indian Overseas Bank: Bank to Hike Its Lending Rate by 5-10 bps in Some Tenures from Jan 15 2025. (Neutral)
Sarda Energy: Company announced that its subsidiary has synchronized its 24.9 MW Rehar Small Hydro Power Project with the grid and commenced trial power production. (Neutral)
Havells India: Company announced the record date for determining interim dividend eligibility. The record date is 22nd Jan 2025. (Neutral)
DMart: Net profit up 4.8% at ₹723.7 cr vs ₹690.6 cr, Revenue up 17.7% at ₹15,972.6 cr vs ₹13,572.5 cr (YoY) (Neutral)
Grasim: A minor process safety incident occurred at our Karwar Plant, Karnataka On January 11, 2025 , affected workers expected to make a full recovery. (Neutral)
Adani Wilmar: Adani Commodities to exercise oversubscription of the OFS for another 1.51% stake. OFS to open for retail investors on Monday.(Neutral)
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Vodafone Idea: Vodafone sells entire stake in Indus towers for Rs 2,800 crore, clears Rs 890 crore debt. (Neutral)
Infosys: Company accuses Cognizant of anti-competitive practices and poaching key talent. (Neutral)
LIC: December premium down 41% (YoY), 9MFY25 premium up 7% (YoY)
Banking Sector: Business momentum as on 27th Dec’24 – Deposit growth in single digits; lowest in 46 fortnights
Infosys: Company accuses Cognizant of anti-competitive practices and poaching key talent. (Neutral)
LIC: December premium down 41% (YoY), 9MFY25 premium up 7% (YoY)
Banking Sector: Business momentum as on 27th Dec’24 – Deposit growth in single digits; lowest in 46 fortnights
Corporate Actions
Quadrant Future Tek is set to make stock market debut today, January 14. The issue price is fixed at Rs. 290 per share.
Anand Rathi Wealth has approved Bonus Shares in ratio of 1:1 i.e. 1new Equity Shares for every 1 existing Equity Shares held, subject to shareholders approval through postal ballot and any other applicable regulatory and statutory approvals.
Mangalam Global Enterprise has approved Sub-division / Split of existing 1 Equity Share of face value of Rs. 2/- each, into 2 Equity Share of face value of Rs. 1 each, subject to the approval of the shareholders of the Company, through Postal Ballot and regulatory/statutory approvals as may be required.
Dividend
17-Jan-25
TCS: Interim Dividend - Rs. - 76.00
VKAL: Interim Dividend - Rs. - 0.10
21-Jan-25
ANGELONE: Interim Dividend
IPO
Laxmi Dental: Open: 13-Jan-25; Close: 15-Jan-25
Buyback
---
Bonus
Kitex Garments: Bonus Issue 2:1; Ex-Date: 17-Jan-25
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25
Stock Split
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Arunjyoti Bio Ventures: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25
Right Issue
GTT Data Solutions: Ex-Date: 14-Jan-25
California Software: Ex-Date: 15-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Sikko Industries: Open: 23-Dec-24; Close: 21-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
California Software: Open: 24-Jan-25; Close: 31-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24
Open Offer
India Cements: Open: 08-Jan-25; Close: 21-Jan-24
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24
Quadrant Future Tek is set to make stock market debut today, January 14. The issue price is fixed at Rs. 290 per share.
Anand Rathi Wealth has approved Bonus Shares in ratio of 1:1 i.e. 1new Equity Shares for every 1 existing Equity Shares held, subject to shareholders approval through postal ballot and any other applicable regulatory and statutory approvals.
Mangalam Global Enterprise has approved Sub-division / Split of existing 1 Equity Share of face value of Rs. 2/- each, into 2 Equity Share of face value of Rs. 1 each, subject to the approval of the shareholders of the Company, through Postal Ballot and regulatory/statutory approvals as may be required.
Dividend
17-Jan-25
TCS: Interim Dividend - Rs. - 76.00
VKAL: Interim Dividend - Rs. - 0.10
21-Jan-25
ANGELONE: Interim Dividend
IPO
Laxmi Dental: Open: 13-Jan-25; Close: 15-Jan-25
Buyback
---
Bonus
Kitex Garments: Bonus Issue 2:1; Ex-Date: 17-Jan-25
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25
Stock Split
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Arunjyoti Bio Ventures: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25
Right Issue
GTT Data Solutions: Ex-Date: 14-Jan-25
California Software: Ex-Date: 15-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Sikko Industries: Open: 23-Dec-24; Close: 21-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
California Software: Open: 24-Jan-25; Close: 31-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24
Open Offer
India Cements: Open: 08-Jan-25; Close: 21-Jan-24
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24
Stocks in News
ITI: Company bags contracts worth ₹64 cr for Wi-Fi & LAN & integrated security system. (Positive)
BEL: Company receives orders worth Rs. 561 Crores (Positive)
JSW Energy: Receives LoI for 3.6 GW KSK Mahanadi Thermal Power Plant. Bid Amount Was ₹15,985 Cr. (Positive)
HSCL: Net profit up 30.5% at ₹142 cr vs ₹108.8 cr, Revenue up 8.4% at ₹1,140.7 cr vs ₹1,052.5 cr (YoY). (Positive)
Sterlite Tech: Company announces Self-Certification of its Build America Buy America compliant Optical Products. (Positive)
HCL Tech: Company and Microsoft expand partnership to revolutionise contact centers with Generative AI. (Positive)
QuessCorp: Company receives income tax refund of ₹21 crore for FY2018 (Positive)
Wockhardt: Company expects revenue boost from new drug to combat pneumonia-causing superbugs. (Positive)
JSW Holding: SEBI approves JSW Cement's Rs 4,000 crore IPO. (Positive)
Bajel Projects: Company said it has been awarded an EPC contract by Adani Energy Solutions Ltd (AESL) for the construction of a 400kV double-circuit (D/C) transmission line. (Positive)
Rashi Peripherals: Company approved investment of up to Rs. 14 crores for acquiring equity shares in Satcom Info Tech Private Limited. (Neutral)
Aarvee Denims: Company approved up to Rs 50 cr fund raising via equity. (Neutral)
Adani Energy Solutions: Company Maintained system availability of 99.7% in Q3 in transmission business, Q3 FY25 power transformation capacity at 84,286 MVA. (Neutral)
Torrent Pharmaceuticals: Company announced the record date for interim dividend payment as 1st February 2025. (Neutral)
Dhunseri ventures: Company invested approximately Rs 30 Cr in its wholly-owned subsidiary, Dhunseri poly Films Pvt. Ltd. (Neutral)
Bartronics: Promoter Kinex India to sell 6.29% stake (1.91 cr shares) of the company Via offer for sale (OFS) on January 14 & 15, 2025 (Neutral)
Starlineps Enterprises: Announced the appointment of Mrs. Madhuriben Kishan Chhatrola as Company Secretary & Compliance Officer, effective January 13, 2025. (Neutral)
Dabur India: Company received an order from the Additional Commissioner, CGST & CX, Kolkata South Commissionerate, demanding Rs. 3.47 Cr. (Neutral)
HCL Tech: Net profit at Rs 4591 cr vs Rs 4235 cr , Revenue at Rs 29,890 cr vs Rs 28,862 cr. (QoQ). (Neutral)
Waree Renewables: Company will hold a board meeting on January 16, 2025. The meeting's agenda includes standalone financial results for Q3. (Neutral)
United Soirits: Diageo India appoints Praveen Someshwar as CEO-Designate. (Neutral)
Delta Corp: Net profit up 3.5% at ₹35.7 cr vs ₹34.5 cr, Revenue down 7.5% at ₹194.3 cr vs ₹210.1 cr (YoY). (Neutral)
ITI: Company bags contracts worth ₹64 cr for Wi-Fi & LAN & integrated security system. (Positive)
BEL: Company receives orders worth Rs. 561 Crores (Positive)
JSW Energy: Receives LoI for 3.6 GW KSK Mahanadi Thermal Power Plant. Bid Amount Was ₹15,985 Cr. (Positive)
HSCL: Net profit up 30.5% at ₹142 cr vs ₹108.8 cr, Revenue up 8.4% at ₹1,140.7 cr vs ₹1,052.5 cr (YoY). (Positive)
Sterlite Tech: Company announces Self-Certification of its Build America Buy America compliant Optical Products. (Positive)
HCL Tech: Company and Microsoft expand partnership to revolutionise contact centers with Generative AI. (Positive)
QuessCorp: Company receives income tax refund of ₹21 crore for FY2018 (Positive)
Wockhardt: Company expects revenue boost from new drug to combat pneumonia-causing superbugs. (Positive)
JSW Holding: SEBI approves JSW Cement's Rs 4,000 crore IPO. (Positive)
Bajel Projects: Company said it has been awarded an EPC contract by Adani Energy Solutions Ltd (AESL) for the construction of a 400kV double-circuit (D/C) transmission line. (Positive)
Rashi Peripherals: Company approved investment of up to Rs. 14 crores for acquiring equity shares in Satcom Info Tech Private Limited. (Neutral)
Aarvee Denims: Company approved up to Rs 50 cr fund raising via equity. (Neutral)
Adani Energy Solutions: Company Maintained system availability of 99.7% in Q3 in transmission business, Q3 FY25 power transformation capacity at 84,286 MVA. (Neutral)
Torrent Pharmaceuticals: Company announced the record date for interim dividend payment as 1st February 2025. (Neutral)
Dhunseri ventures: Company invested approximately Rs 30 Cr in its wholly-owned subsidiary, Dhunseri poly Films Pvt. Ltd. (Neutral)
Bartronics: Promoter Kinex India to sell 6.29% stake (1.91 cr shares) of the company Via offer for sale (OFS) on January 14 & 15, 2025 (Neutral)
Starlineps Enterprises: Announced the appointment of Mrs. Madhuriben Kishan Chhatrola as Company Secretary & Compliance Officer, effective January 13, 2025. (Neutral)
Dabur India: Company received an order from the Additional Commissioner, CGST & CX, Kolkata South Commissionerate, demanding Rs. 3.47 Cr. (Neutral)
HCL Tech: Net profit at Rs 4591 cr vs Rs 4235 cr , Revenue at Rs 29,890 cr vs Rs 28,862 cr. (QoQ). (Neutral)
Waree Renewables: Company will hold a board meeting on January 16, 2025. The meeting's agenda includes standalone financial results for Q3. (Neutral)
United Soirits: Diageo India appoints Praveen Someshwar as CEO-Designate. (Neutral)
Delta Corp: Net profit up 3.5% at ₹35.7 cr vs ₹34.5 cr, Revenue down 7.5% at ₹194.3 cr vs ₹210.1 cr (YoY). (Neutral)
🇮🇳India Daybook – Stocks in News
Optiemus: Company partners Taiwan-based KunWay Technology to Drive Drone Manufacturing Localization in India. (Positive)
Finolex Cables: Company announces the launch of its new product, FinoUltra a wire for the domestic market. (Positive)
Blue Dart: Company launched India's largest integrated operating facility in Bijwasan, Delhi. (Positive)
Allcargo Gati: Q3 total volume at 113 KT vs 105 KT (YoY). (Positive)
ASK Automotive: Company announced commencement of commercial production at new facility in Karnataka by the company. (Positive)
Adani Green: A step-down subsidiary has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat (Positive)
IRFC: Company emerges as the lowest bidder to finance ₹3,167 crore for a Jharkhand mine. (Positive)
Shoppers Stop: Net profit at ₹52.2 cr vs ₹36.9 cr, Revenue at ₹1,379.5 cr vs ₹1,237.5 cr (YoY). (Positive)
Hero Moto Corp: Company launches new Destini 125 in three variants starting at ₹80,450. (Positive)
Royal Sense: Company announced the launch of 10 new pharmaceutical products on January 14, 2025 (Positive)
Benares hotels: Company’s Q3 SL net profit 13.6 cr rupees vs 11.3 cr (YoY) Revenue 38.9 cr rupees vs 33.6 cr (YoY) (Positive)
Larsen & Toubro: Company launches second multi-purpose vessel for the Indian Navy from its Kattupalli Shipyard near Chennai. (Positive)
Welspun Corp: Company signed a MoU with Saudi Aramco to establish a state-of-the-art Longitudinal Submerged Arc Welded line pipe manufacturing facility in Saudi Arabia. (Positive)
Glenmark Life: Company announced Change of Name of the Company from ''Glenmark Life Sciences Limited'' to ''Alivus Life Sciences Limited'' (Neutral)
Sula Vineyards: Net revenue at ₹217.3 cr vs ₹219 cr, Own brands revenue at ₹194.7 cr vs ₹192.8 cr (YoY) (Neutral)
Federal Bank: Bank received a Rs. 10.46 Cr IGST penalty order from the Office of the Principal Commissioner, Central Board of Indirect Taxes and Customs, Kochi. (Neutral)
MTNL: Company announced the extension of Shri A. Robert J. Ravi's additional charge as CMD for three months. (Neutral)
Sayaji Hotels: Company announced a rights issue of equity shares totaling Rs.50 Crore. (Neutral)
Siemens: Company released its Annual Report for FY2023-24 and notice for the 67th AGM on February 12, 2025. (Neutral)
Netwotk18: Net loss at Rs 1440 cr vs Rs 58.1 cr (Exceptional loss Rs 1426 crore), Revenue at Rs 1360 cr vs Rs 1774 cr (YoY). (Neutral)
SAIL: Company appoints Alok Verma as Director In-Charge of Rourkela steel plant (Neutral)
Adani Wilmar: Company will see an ad-hoc weight up across FTSE India indices. (Neutral)
Adani Ent: Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore: Mint. (Neutral)
Escorts Kubota: Company announced that the Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the assessment year (AY) 1986-87 (Neutral)
Morepen Laboratories: Company said its board has approved the hiving off of its medical devices business to its subsidiary, Morepen Medtech Ltd, on a slump sale basis as a going concern. (Neutral)
Hathway Cable: Net profit at Rs 13.7 cr vs Rs 22.3 cr , Revenue at Rs 511 cr vs Rs 505 cr (YoY). (Neutral)
Hindustan Zinc: Company faces ₹92.55-crore GST penalty in Rajasthan
J&K Bank: SEBI issues warning to J&K Bank over delay in CEO announcement
Optiemus: Company partners Taiwan-based KunWay Technology to Drive Drone Manufacturing Localization in India. (Positive)
Finolex Cables: Company announces the launch of its new product, FinoUltra a wire for the domestic market. (Positive)
Blue Dart: Company launched India's largest integrated operating facility in Bijwasan, Delhi. (Positive)
Allcargo Gati: Q3 total volume at 113 KT vs 105 KT (YoY). (Positive)
ASK Automotive: Company announced commencement of commercial production at new facility in Karnataka by the company. (Positive)
Adani Green: A step-down subsidiary has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat (Positive)
IRFC: Company emerges as the lowest bidder to finance ₹3,167 crore for a Jharkhand mine. (Positive)
Shoppers Stop: Net profit at ₹52.2 cr vs ₹36.9 cr, Revenue at ₹1,379.5 cr vs ₹1,237.5 cr (YoY). (Positive)
Hero Moto Corp: Company launches new Destini 125 in three variants starting at ₹80,450. (Positive)
Royal Sense: Company announced the launch of 10 new pharmaceutical products on January 14, 2025 (Positive)
Benares hotels: Company’s Q3 SL net profit 13.6 cr rupees vs 11.3 cr (YoY) Revenue 38.9 cr rupees vs 33.6 cr (YoY) (Positive)
Larsen & Toubro: Company launches second multi-purpose vessel for the Indian Navy from its Kattupalli Shipyard near Chennai. (Positive)
Welspun Corp: Company signed a MoU with Saudi Aramco to establish a state-of-the-art Longitudinal Submerged Arc Welded line pipe manufacturing facility in Saudi Arabia. (Positive)
Glenmark Life: Company announced Change of Name of the Company from ''Glenmark Life Sciences Limited'' to ''Alivus Life Sciences Limited'' (Neutral)
Sula Vineyards: Net revenue at ₹217.3 cr vs ₹219 cr, Own brands revenue at ₹194.7 cr vs ₹192.8 cr (YoY) (Neutral)
Federal Bank: Bank received a Rs. 10.46 Cr IGST penalty order from the Office of the Principal Commissioner, Central Board of Indirect Taxes and Customs, Kochi. (Neutral)
MTNL: Company announced the extension of Shri A. Robert J. Ravi's additional charge as CMD for three months. (Neutral)
Sayaji Hotels: Company announced a rights issue of equity shares totaling Rs.50 Crore. (Neutral)
Siemens: Company released its Annual Report for FY2023-24 and notice for the 67th AGM on February 12, 2025. (Neutral)
Netwotk18: Net loss at Rs 1440 cr vs Rs 58.1 cr (Exceptional loss Rs 1426 crore), Revenue at Rs 1360 cr vs Rs 1774 cr (YoY). (Neutral)
SAIL: Company appoints Alok Verma as Director In-Charge of Rourkela steel plant (Neutral)
Adani Wilmar: Company will see an ad-hoc weight up across FTSE India indices. (Neutral)
Adani Ent: Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore: Mint. (Neutral)
Escorts Kubota: Company announced that the Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the assessment year (AY) 1986-87 (Neutral)
Morepen Laboratories: Company said its board has approved the hiving off of its medical devices business to its subsidiary, Morepen Medtech Ltd, on a slump sale basis as a going concern. (Neutral)
Hathway Cable: Net profit at Rs 13.7 cr vs Rs 22.3 cr , Revenue at Rs 511 cr vs Rs 505 cr (YoY). (Neutral)
Hindustan Zinc: Company faces ₹92.55-crore GST penalty in Rajasthan
J&K Bank: SEBI issues warning to J&K Bank over delay in CEO announcement
News Headlines from Business News Agencies :
Business Standard :
📝 Wholesale price inflation soars to 2.37% in Dec; food prices see decline
📝 Automobile dispatches grow 12% in 2024 driven by consumer sentiment: Siam
📝 Redemptions from equity funds increase by 40% to Rs 4,645 billion in 2024
📝 DP World, AM Green ink pact to develop green fuel logistics infra
📝 China likely to cut pay by half for staff at its top 3 financial regulators
📝 Small Finance Banks' bottom-line to take hit on rising fund, credit costs
📝 Govt may forecast stronger growth next FY while sticking to fiscal targets
📝 RBI likely to manage FX reserves judiciously amid global headwinds
📝 India's plastic pipe market to grow, but PVC prices may pose challenge
📝 Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace
📝 US govt tightens its grip on AI chip, technology export across globe
📝 Fintechs capture 76% of personal loans as banks slowdown in H1 FY25
Economic Times :
📝 India's palm oil imports slump in Dec as soybean oil gains market share
📝 L&T launches second multi-purpose vessel for Indian Navy
📝 Domestic aviation industry likely to clock Rs 2,000-3,000 crore net loss in FY25: Report
📝 O2 Power bags 800-MWh battery storage project in Rajasthan
📝 India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say
📝 India said to promote its textiles as political crisis hits Bangladesh's exports
📝 BrightNight commissions Ist phase of 115 MW hybrid renewable project in Maharashtra
📝 BGauss raises Rs 161 cr from Bharat Value Fund
📝 HDFC AMC Q3 Results: Cons PAT jumps 31% YoY to Rs 641 crore, revenue up 39%
📝 Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI
📝 JLR, Tata Communications strengthen partnership for connected car tech
📝 Uttar Pradesh discoms head for privatisation: Consultants to shape new PPP model
Mint :
📝 SIP inflows surpass ₹2.89 lakh crore in 2024, December hits all-time high
📝 2025 to be India’s year in semiconductors: Minister Ashwini Vaishnaw
📝 QX Appoints Mandar Vanarse as Chief Technology Officer and Board Member
📝 Food Index Down 2.20%, Fuel 7 Power Index up 1.90% (MOM)
📝 Federal Bank revises interest rates on fixed deposits
📝 Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI
📝 Healthcare Industry seeks tax cuts on insurance premiums & increased budgetary allocation in Budget 2025
📝 Rupee hits record low of 86.64 after maturity of NDF positions spurs dollar bids
📝 Centre asks small drugmakers to submit plans to meet quality norms in 3 months
📝 Praveen Someshwar appointed CEO of USL; to take over from Hina Nagarajan
📝 Meta likely to get Parliamentary Panel summons over election remark
Business Standard :
📝 Wholesale price inflation soars to 2.37% in Dec; food prices see decline
📝 Automobile dispatches grow 12% in 2024 driven by consumer sentiment: Siam
📝 Redemptions from equity funds increase by 40% to Rs 4,645 billion in 2024
📝 DP World, AM Green ink pact to develop green fuel logistics infra
📝 China likely to cut pay by half for staff at its top 3 financial regulators
📝 Small Finance Banks' bottom-line to take hit on rising fund, credit costs
📝 Govt may forecast stronger growth next FY while sticking to fiscal targets
📝 RBI likely to manage FX reserves judiciously amid global headwinds
📝 India's plastic pipe market to grow, but PVC prices may pose challenge
📝 Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace
📝 US govt tightens its grip on AI chip, technology export across globe
📝 Fintechs capture 76% of personal loans as banks slowdown in H1 FY25
Economic Times :
📝 India's palm oil imports slump in Dec as soybean oil gains market share
📝 L&T launches second multi-purpose vessel for Indian Navy
📝 Domestic aviation industry likely to clock Rs 2,000-3,000 crore net loss in FY25: Report
📝 O2 Power bags 800-MWh battery storage project in Rajasthan
📝 India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say
📝 India said to promote its textiles as political crisis hits Bangladesh's exports
📝 BrightNight commissions Ist phase of 115 MW hybrid renewable project in Maharashtra
📝 BGauss raises Rs 161 cr from Bharat Value Fund
📝 HDFC AMC Q3 Results: Cons PAT jumps 31% YoY to Rs 641 crore, revenue up 39%
📝 Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI
📝 JLR, Tata Communications strengthen partnership for connected car tech
📝 Uttar Pradesh discoms head for privatisation: Consultants to shape new PPP model
Mint :
📝 SIP inflows surpass ₹2.89 lakh crore in 2024, December hits all-time high
📝 2025 to be India’s year in semiconductors: Minister Ashwini Vaishnaw
📝 QX Appoints Mandar Vanarse as Chief Technology Officer and Board Member
📝 Food Index Down 2.20%, Fuel 7 Power Index up 1.90% (MOM)
📝 Federal Bank revises interest rates on fixed deposits
📝 Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI
📝 Healthcare Industry seeks tax cuts on insurance premiums & increased budgetary allocation in Budget 2025
📝 Rupee hits record low of 86.64 after maturity of NDF positions spurs dollar bids
📝 Centre asks small drugmakers to submit plans to meet quality norms in 3 months
📝 Praveen Someshwar appointed CEO of USL; to take over from Hina Nagarajan
📝 Meta likely to get Parliamentary Panel summons over election remark
India Dec Trade Deficit narrows to a six-month low of USD 21.94bln from USD 31.85 bln (Revised) in Nov vs Bloomberg Median Estimates for USD 25.8bln and our own estimates at USD 23.5bln.
UBS ON GOVT BUDGET
Government to continue with consolidation
Revenue collection to marginally improve in line with nominal GDP
Key focus: capex, consumption and employment but within fiscal boundaries
Muted impact on equities
If FY26 capex is budgeted at around Rs11 trn (similar to the FY25 budgeted capex), it would be negative for L&T
10-year government bond yield to decline to 6.25% in FY26E
Government to continue with consolidation
Revenue collection to marginally improve in line with nominal GDP
Key focus: capex, consumption and employment but within fiscal boundaries
Muted impact on equities
If FY26 capex is budgeted at around Rs11 trn (similar to the FY25 budgeted capex), it would be negative for L&T
10-year government bond yield to decline to 6.25% in FY26E
Gold approx price charts @AlliesFin confirm with your sources. Tentative data. Data may vary from sources.
👍1
FII and DII Activity Overview (21st January 2025)
• Provisional Figures (Rs. Cr):
• FIIs: -5,920 Cr
• DIIs: +3,500 Cr
Daily FII Activity in January 2025:
• 1st Jan: -1,783 Cr
• 2nd Jan: +1,507 Cr
• 3rd Jan: -4,227 Cr
• 6th Jan: -2,575 Cr
• 7th Jan: -1,491 Cr
• 8th Jan: -3,362 Cr
• 9th Jan: -7,171 Cr
• 10th Jan: -2,255 Cr
• 13th Jan: -4,893 Cr
• 14th Jan: -8,132 Cr
• 15th Jan: -4,533 Cr
• 16th Jan: -4,342 Cr
• 17th Jan: -3,318 Cr
• 20th Jan: -4,337 Cr
• 21st Jan: -5,920 Cr
Cumulative FII Selling Data:
• Total FII Selling in January 2025: -56,832 Cr
• Total FII Selling in December 2024: -17,007 Cr
• Total FII Selling from 27th September 2024 till date: -2,42,574 Cr
Approx data. Pls verify with your sources.
• Provisional Figures (Rs. Cr):
• FIIs: -5,920 Cr
• DIIs: +3,500 Cr
Daily FII Activity in January 2025:
• 1st Jan: -1,783 Cr
• 2nd Jan: +1,507 Cr
• 3rd Jan: -4,227 Cr
• 6th Jan: -2,575 Cr
• 7th Jan: -1,491 Cr
• 8th Jan: -3,362 Cr
• 9th Jan: -7,171 Cr
• 10th Jan: -2,255 Cr
• 13th Jan: -4,893 Cr
• 14th Jan: -8,132 Cr
• 15th Jan: -4,533 Cr
• 16th Jan: -4,342 Cr
• 17th Jan: -3,318 Cr
• 20th Jan: -4,337 Cr
• 21st Jan: -5,920 Cr
Cumulative FII Selling Data:
• Total FII Selling in January 2025: -56,832 Cr
• Total FII Selling in December 2024: -17,007 Cr
• Total FII Selling from 27th September 2024 till date: -2,42,574 Cr
Approx data. Pls verify with your sources.
👍2