Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end

Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619

2:21 PM

ICICI Bank ends Axis' 16-year run as rupee bond market king on higher sales

Axis Bank, which dominated the local-currency bond market from 2007 to 2022, came in third after arranging 763.5 billion rupees of transactions. READ MORE

 

2:07 PM

This smallcap stock is up 8%, has zoomed 67% in one month; here's why

On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023. READ MORE

1:53 PM

ALERT:: NBCC (India) wins project cost extension; stock up 1%

NBCC (India) in an exchange today said that with regards to October 20, 2021, receipt of Work Order for "Construction of Phase III of BPS Govt. Medical College, Khanpur, Sonepat (Haryana)" for a total cost of Rs. 285 crore, it is hereby mentioned that the Administrative Approval to the increase in the cost of project by Rs 134.13 crore has been sanctioned by the government of Haryana.

1:40 PM

Budget 2024-25 wishlist: Indian crypto players seek tax cuts to spur trade

Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets. READ MORE

1:27 PM

Asian Market Update:: Nikkei rallies 2%; others major indices slip

Source: Yahoo Finance

1:14 PM

Indian refiners set to ask for extra Saudi oil after sharp price cut

Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1 million barrels of oil each from Saudi Aramco in February, the sources said. READ MORE

Photo: Bloomberg

1:02 PM

Paytm to invest Rs 100 cr in GIFT City to build global payments system

The parent company of fintech major Paytm said on Wednesday it will over time invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to set up a development centre that will create an international payments system. READ MORE

12:49 PM

Olectra Greentech surges 23% in one week on healthy business outlook

The company had said the strong demand continues with its net order book position of electric buses standing at 8,209 numbers after delivering 214 buses in H1. READ MORE

12:34 PM

Japan's Suzuki to invest Rs 35,000 crore for second car plant in Gujarat

Maruti Suzuki India will invest Rs 35,000 crore to set up its second manufacturing facility in Gujarat, Suzuki Motor Corporation President Toshihiro Suzuki said on Wednesday.
 

Speaking here at the 10th Vibrant Gujarat Global Summit (VGGS), Toshihiro said the plant would have an installed production capacity of 10 lakh units per annum. Read

12:17 PM

Indian markets lead in valuation premium but not in earnings growth

Indian markets are the most expensive vis-à-vis their historical averages but their earnings growth is no longer the fastest.
 

According to an analysis by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average, while the two-year compound annual growth rate (CAGR) earnings growth (FY 24-26) estimates at 14 per cent. Read

12:02 PM

Paytm to invest Rs 100 cr in GIFT City to build global financial ecosystem

Fintech firm One97 Communications, which owns Paytm brand, plans to invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, the company said on Wednesday. Read

11:46 AM

Gautam Adani announces investment of over Rs 2 trillion in Gujarat

Billionaire Gautam Adani on Wednesday announced an investment of over Rs 2 trillion in Gujarat, largely in building a green energy park that would be visible even from space. Read

11:27 AM

This SME group stock has zoomed over 100% in just 7 trading days

Shares of Siyaram Recycling Industries were locked in the 10 per cent upper circuit for the seventh straight day at Rs 130.69 on the BSE in Wednesday's early trade. Read

11:14 AM

Recovery in chemicals may be delayed until FY25, more downgrades ahead

Hopes of a recovery in the chemicals sector may be delayed until FY25 if current trends of weak demand and stable pricing continue in the near term. Following a muted performance in the September quarter, revenue and profit for listed chemical companies are likely to be weaker than anticipated. Read

11:00 AM

Sony Group continues talks on merger with Zee amid reports on disputes

Sony Group is actively engaged in discussions to merge its Indian subsidiary with Zee Entertainment Enterprises, with ongoing talks scheduled until January 20, sources familiar with the negotiations have said, according to a report by Nikkei Asia. Read