Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent

3:21 PM

TCS announces 100% variable pay for 70% of its employees for third quarter

India’s largest IT service provider by revenue, Tata Consultancy Services (TCS), has rolled out 100 per cent variable pay for 70 per cent of its employees for the third quarter that ended on December 31, the Economic Times reported. Read here

3:10 PM

European markets open higher ahead of US inflation data

3:00 PM

Global Check:: UK stock futures gain up to 0.9%; US flat ahead of inflation data

Source: Investing.com

2:50 PM

TCS revenue growth likely to slow down in FY24, says Fitch Ratings

After strong 3QFY23 results, TCS NSE 0.19 % (TCS NSE 0.19 %) revenue growth is likely to slow in financial year ending March 2024 (FY24) amid the global economic slowdown, according to Fitch Ratings. READ MORE

2:39 PM

Indian govt's record borrowing in FY24 likely to hit high next fiscal year

The Indian government's borrowing will likely hit a record high next fiscal year, as it prioritizes growth, which could push bond yields higher, ICICI Bank's treasury head told on Thursday. READ MORE

2:30 PM

Paytm, Nykaa slide up to 9% after huge block deals on both counters

Shares of Nykaa, owned by FSN E-Commerce Ventures, and One 97 Communications, the operator of India's largest digital-payments provider Paytm, dipped up to 9 per cent on the bourses in Thursday's intra-day trade after their respective counters saw more than 20 million shares changing hands via block deals. READ MORE

2:21 PM

Govt to invite EoIs for Concor privatisation this month, say officials

The official said the bid document for Concor is almost ready and has to get approval from 'Alternative Mechanism' which is essentially a group of key Cabinet ministers.  READ MORE

2:13 PM

Market Check:: Sensex off day's low, down 250 points

2:05 PM

Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts

IT major Wipro is expected to register revenue growth up to 3 per cent quarter-on-quarter (QoQ) to Rs 23,497 crore in the December quarter of this fiscal year (Q3FY23), in-line with the management's guidance set in the range of 0.5-2 per cent. The company is due to announce its results on Friday, January 13. READ MORE

1:57 PM

BSE 500:: Paytm, Nykaa, Gland Pharma among top losers

One 97 (Paytm) down nearly 6 per cent was the top loser among the BSE 500 stocks. Gland Pharma, Granules India, Nkyaa and Divi's Lab, down 3 - 5 each were the other major losers so far on Thursday.

1:47 PM

Why is the Oyo IPO getting delayed?

Oyo is recovering from the pandemic shock and trying to raise money from the markets. But it’s IPO has been hanging fire for a while now. Here’s a peek into Oyo’s financials and why its IPO is delayed. WATCH VIDEO

1:46 PM

ALERT :: Paytm off lows after it fell over 7% amid block deal

1:37 PM

Global Check:: Asian markets witness a quiet trading day

Source: Yahoo Finance

1:28 PM

BSE 500:: Rail Vikas, Navin Fluorine, Eureka Forbes among top gainers

Rail Vikas Nigam up 5 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Navin Fluorine International, Restaurant Brand, Eureka Forbes and Elgi Equipments.

 

1:19 PM

Paytm to be key beneficiary of govt's UPI incentive scheme: Morgan Stanley

The Union Cabinet on Wednesday approved the incentive scheme of Rs 26 billion for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23. READ MORE