Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain

In the broader market, the S&P BSE MidCap and SmallCap zoomed 1 per cent and 0.9 per cent, respectively

2:44 PM

M&M says likely to conclude deal to sell stake in Ssangyong by Feb end

Mahindra and Mahindra said is in the final stages of getting a buyer on board for its ailing Korean subsidiary Ssangyong Motor Co (SYMC) and is likely to conclude the deal by February end, company’s top officials told reporters on Friday. “We may sign a term sheet for SYMC next week. The deal is more or less agreed. We will conclude it by February 28, if everything goes as per the plan,” Pawan Goenka, managing director and CEO said. Post the sale, Mahindra will hold less than 30 per cent equity in the maker of Rexton and Tivoli SUVs, said Goenka. READ MORE

2:35 PM

MARKET UPDATE:: India VIX cools off 8%

2:35 PM

December Auto Sales :: Ashok Leyland reports 14% YoY growth in total sales

2:30 PM

MARKET CHECK :: Sensex at day's high

2:25 PM

Nifty Auto index trades over 1% higher on robust Dec sales figures

2:16 PM

Capex slowdown: New projects decline 88.6% over Coronavirus pandemic

New projects involving setting up of factories, buildings and other assets fell to their lowest levels since the Coronavirus (Covid-19) pandemic began. While there were Rs 7.01 trillion worth of new assets in December 2019, this fell 88.6 per cent to Rs 80,000 crore for the three months ending December 2020, shows data from project tracker Centre for Monitoring Indian Economy (CMIE). READ MORE

2:06 PM

Power consumption grows 6.1% in December

India's power consumption grew by 6.1 per cent to 107.3 billion units (BU) in December, showing spurt in economic activities, according to official data. Power consumption in December 2019 was 101.08 BU. After a gap of six months, power consumption recorded a year-on-year growth of 4.5 per cent in September and 11.6 per cent in October. (Text Source: PTI)

1:55 PM

Praj Industries bags Rs 226 crore order from Indian Oil Corporation

Industrial biotechnology company Praj Industries on Friday said it has bagged a Rs 226.90 crore order from Indian Oil Corporation Ltd (IOCL). In a regulatory filing the company said the Rs 226.90 crore order from Indian Oil Corporation is for "execution of zero liquid discharge system - water treatment package and waste water treatment package of Acrylic/Oxo-Alcohol Project at IOCL Dumad, Gujarat". READ MORE
 

1:46 PM

Govt appoints Milliman Advisors to find out LIC value ahead of IPO

The government has moved a step closer towards the listing of India’s largest insurer Life Insurance Corporation of India. The Department of Investment and Public Asset Management (Dipam) has selected Milliman Advisors LLP India for ascertaining the embedded value of LIC before its listing, which is seen as India’s one of the largest initial public offerings. READ MORE

1:33 PM

Rain Inds surges 15% as arm completes sale of non-strategic subsidiaries

Shares of Rain Industries surged 15 per cent on Friday to hit a 52-week high of Rs 146 on the BSE after the company announced that its arm had completed sale of non-strategic subsidiaries for Rs 637 crore. The company said the consideration received from the sale of two subsidiaries will be utilized for repayment of debt and other general corporate needs. READ MORE

1:28 PM

Most active stocks in volume terms on BSE

COMPANY	PRICE	CHANGE (Rs)	CHANGE (%)
Voda Idea	Rs 10.87	0.23	2.16
PNB	Rs 34.75	1.70	5.12
BHEL	Rs 37.60	1.70	4.74
Suzlon Energy	Rs 6.87	0.23	4.89
Trident	Rs 10.63	0.75	7.59

1:21 PM

Dec gross GST revenue collection for the month at Rs 1.15 lakh crore

-- GST revenue collection for Dec 2020 at all time high since inception

1:13 PM

NEWS ALERT :: L&T Construction bags contracts in the range of Rs 1,000-2,500 cr

>> The Metallurgical Et Material Handling (MMH) business of LEcr Construction has secured EPC orders of Coal Processing Plants in the domestic market and a prestigious Engineering Et Procurement Project for a Metallurgical Plant overseas.

>> These orders reflect MMH prowess in executing complex metallurgical plants and a recognition of their capability in overseas geographies

1:03 PM

News Flash | In talks with multiple investors for majority stake sale in SsangYong: M&M

- Hope to conclude deal soon, says firm

- M&M will be in minority post the deal

- Have 2 more months from court to conclude a deal: M&M

1:00 PM

RBI to conduct simultaneous sale-purchase of govt securities on Jan 7

The Reserve Bank of India (RBI) will conduct simultaneous purchase and sale of government securities under open market operations (OMOs) for Rs 10,000 crore each on January 7. The decision was taken after a review of current liquidity and financial conditions, the RBI said in a statement. Eligible participants should submit their bids in electronic format on RBI's core banking solution (E-Kuber) system between 10 and 11 am on January 7. READ MORE