RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun

Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid

2:22 PM

Market Check:: Sensex slips into red; down over 400 pts from day's high

2:11 PM

Power sector financer REC likely to lead National Rooftop Solar scheme

Leading power sector financer REC Limited will be given the reins of the National Rooftop Solar scheme as the Centre shifts its focus to decentralised solar for meeting green energy targets. READ MORE

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1:59 PM

2-wheeler shares rally; Hero MotoCorp surges 6%, TVS m-cap nears Rs 1 trn

Shares of two/three-wheeler companies were vrooming on the bourses with Hero MotoCorp, and TVS Motor Company surging up to 6 per cent and hitting their respective record highs on expectations of strong demand and healthy operational performance going ahead. READ MORE

1:48 PM

ALERT:: Vedanta group firm sumbits FDP for gas production in Gujarat; stock up 2%

Vedanta in an exchange filing said that Cairn Oil & Gas, part of Vedanta Group, has  submitted the first Field Development Plan (FDP) in OALP to commence Gas Production from Jaya in Gujarat.

1:38 PM

Global Check:: Major Asian markets end with notable gains

Source: Yahoo Finance

1:26 PM

Sector ALERT:: Shares of 2-wheeler makers in demand; Hero Moto zooms 5%

1:15 PM

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of industrialist Gautam Adani. READ MORE

1:02 PM

Result today | TCS likely to report single-digit growth in revenue, net profit in Q3

 CS is expected to report muted constant currency revenue growth of 0.3 per cent from the last quarter due to furloughs offset by the contributions from the BSNL deal. READ MORE

12:44 PM

ALERT :: Allied Digital gets selected as Master System Integrator for Ayodhya Smart City Project

>> Allied Digital Services Limited, a leading Global IT Services and Solutions Provider, has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with Existing ITMS Control Room for the Ayodhya Smart City Project.

>>  The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.

Check details here
 

12:30 PM

Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets

In an exchange filing KSL on Wednesday after market hours informed that the company was declared as a successful bidder for acquisition of assets of Kamineni Steel & Power India Private Limited (In Liquidation). READ MORE

12:15 PM

ALERT :: Unichem Labs receives ANDA approval for its Doxazosin Tablets USP

>> It has received ANDA approval for its Doxazosin Tablets USP, 1 mg, 2 mg, 4 mg and 8 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Cardura® (Doxazosin) Tablets, 1 mg, 2 mg, 4 mg and 8 mg, of Viatris Specialty, LLC.

>> Doxazosin tablets are indicated for the treatment of hypertension, to lower blood pressure.

>> The product will be commercialized from Unichem’s Goa Plant.
 

12:01 PM

Institutional investments in Indian real estate fell to 5-year low in 2023

Domestic investors, however, continued to have faith in the sector, with total investments more than doubling to $1.5 billion from $687 million in 2022. The share of domestic investors increased to 35 per cent in 2023 from 14 per cent in 2022. READ MORE

11:47 AM

ALERT :: Indian banking system remains resilient and robust, says RBI Governor, Shaktikanta Das

>> The non-performing asset (NPA) figures remain within acceptable limits

>> However, we observed two or three notable points, including the evident exuberance that was building up

>> Exploring model-based lending

>> Have provided a list to the govt regarding illegal lending apps

>> RBI's position on cryptocurrency remains unchanged. Travelling down that path will create huge risks.  

>> Expanding wholesale CBDC and exploring the potential for programmable features in retail CBDC

Source: Das is speaking at Mint BFSI Summit

11:33 AM

ALERT :: Ajmera Realty reports 98% YoY surge in Q3 sales

>> Sales Area stood at 1,03,573 sq. ft, up 63% YoY

>> Sales Value stood at Rs 253 crore, up 98% YoY
 

>> Collections stood at Rs 151 crore, up 30% YoY
 

>> Secured a residential redevelopment project; Acquired residential redevelopment project in premium location of Versova in Mumbai, with potential development area of ~90,700 sq.ft. and GDV of ~Rs 360 crore. 

Source: Exchange filing
 

11:19 AM

Result today | Infosys Q3 profit seen falling 7% YoY; wage hikes to erode margins

Revenue is expected to be muted with a yearly growth of just 0.9 per cent to Rs 38,660 crore. This is expected to decline by 0.9 per cent from the last quarter (QoQ). READ MORE