Sensex soars 847 pts, ends above 72,550 for first time; Nifty nears 21,900

Closing Bell on Friday, January 12: Infosys jumped 8 per cent on the benchmark indices as new deal wins accounted for 71 per cent of total deals in Q3FY24. TCS, too, surged 4 per cent

2:14 PM

Interim Budget likely to assume peak crude oil price at $85 per barrel

The Ministry of Finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1.  READ MORE

2:01 PM

Sebi proposes changes to ease fundraising, disclosure for listed companies

India's capital market regulator on Thursday proposed changes in rules for fundraising and disclosure requirements for listed companies, according to a discussion paper on the regulator's website. Read

1:53 PM

NCLT sanctions merger of Tata Metaliks into its parent Tata Steel

The National Company Law Tribunal has sanctioned the amalgamation of Tata Metaliks Ltd into its parent Tata Steel, which led to the cancellation of board meeting ahead of financial results announcement of the subsidiary firm. Read

1:41 PM

Market check:: Sensex hits new all-time high, up over 800 pts

1:27 PM

Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs

"In the current fiscal year FY24, robust tax collection, mainly driven by direct taxes, has given the government some fiscal space to carry out additional spending and yet meet the fiscal deficit target of 5.9 per cent of GDP," it said. READ MORE

1:15 PM

Passenger vehicle wholesales rise 4% to 286,390 units in December

Domestic passenger vehicle wholesales grew by 4 per cent to 2,86,390 units last month, the Society of Indian Automobile Manufacturers said on Friday.
 

As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were 2,75,352 units in December 2022. Read

12:59 PM

Nifty hits record high, Sensex soars 750 pts: What's behind today's rally?

Indian benchmark equity indices rallied around 1 per cent in intra-day trades on Friday, with NSE benchmark, the Nifty 50, hitting a fresh all-time high at 21,848. The Nifty was quoting around 21,835 - up 189 points as of 11:45 AM. Read

12:45 PM

Debt-laden Vedanta cut to selective default by S&P after debt extension

Debt-laden Vedanta Resources Ltd. has been downgraded to selective default by S&P Global Ratings after the miner concluded a deal with creditors to extend the maturities of its three dollar bonds. Read

12:31 PM

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

BlackRock has again reduced the valuation of its share in edtech firm Byju’s — this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. Read

12:15 PM

Arvind Ltd signs MoU with Indian Navy to supply advanced uniform fabric

A memorandum of understanding (MoU) was signed between the Indian Navy and textile and apparel company Arvind Limited for the supply of technically advanced uniform fabric for the Navy.
 

Taking to social media, the spokesperson for the Indian Navy posted on X, "MoU signed between Indian Navy and M/s Arvind Limited for supply of a technically advanced uniform fabric for Navy. Read

12:00 PM

China's exports rise, but deflation persists as economy enters 2024

China's exports grew at a faster pace in December, while deflationary pressures persisted last month, keeping alive expectations for more policy easing measures to shore up an economy carrying significant pockets of weakness into 2024. Read

11:45 AM

Nazara Technologies surges 8%, hits 52-week high on healthy outlook

Shares of Nazara Technologies rallied 8 per cent on the BSE to hit a 52-week high of Rs 974.80 in Friday’s intra-day trade on the back of healthy business outlook.
 

The stock of the digital entertainment company surpassed its 52-week previous high of Rs 927.25 touched on September 6, 2023. It had hit a record high of Rs 1,678 on October 11, 2021. Read

11:34 AM

Financial planning for 2024, farmhouse luxury: Top personal finance stories

In this week’s lead story, Bindisha Sarang delves into key financial strategies for 2024. She emphasises the importance of reassessing one’s financial goals, setting up an emergency fund, reducing debt, and putting in place a prudent investment strategy. For investors looking for actionable insights, this article is a must-read. Read

11:22 AM

Taiwan expects China to apply pressure on incoming govt after election

Taiwan's government believes China is likely to attempt to put pressure on its incoming president after the island goes to the polls on Saturday, including staging military manoeuvres near the island this spring, two senior government officials said. Read

 

11:10 AM

This PSU stock has zoomed 240% in 6 months; market cap nears Rs 1.5 trn

Shares of Indian Railway Finance Corporation (IRFC) hit a new high of Rs 112.90, as they rallied 6 per cent on the BSE in Friday's intra-day trade amid heavy volumes.
 

As many as a combined 92.89 million equity shares of IRFC changed in the first hour of trades on the NSE and BSE. In the past 10 trading days, on an average a combined near about 100 million shares were traded on the counter. Read