Stock Market Today LIVE Updates, Jan 9: 
In the broader markets, the Nifty MidCap and SmallCap indices were flat

Stock Market LIVE Updates: Sensex off day's low, down 350 pts at 77,780; HUL, M&M lead recovery

Four devotees, including three women died and several more were injured in a stampede here on Wednesday night as hundreds of them jostled for tickets for Vaikunta Dwara Darshanam at Lord Venkateswara Swamy temple on Tirumala Hills, a police official said.
Hundreds of devotees turned up from across the country for the 10-day Vaikunta Dwara Darshanam commencing from January 10.
"Three women and a man died in the stampede," the official confirmed to PTI.
Meanwhile, videos of police administering CPR on a couple of woman devotees and injured persons being shifted in ambulances went viral.

Tirupati stampede

Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency.
These guidelines came after the regulator notified the research analyst (RA) rules and investment adviser (IA) norms in December last year.
The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols.
The regulator introduced fresh compliance mandates, particularly for entities utilising artificial intelligence (AI) tools in their services.
Under the revised framework, Sebi said research analysts are required to maintain a deposit based on their client base, ranging from Rs 1 lakh for up to 150 clients to Rs 10 lakh for over 1,000 clients.
These deposits aim to provide additional security for investors.
Also, investment advisers are mandated to follow a graded deposit system tied to client numbers.
Existing IAs must comply with

SEBI

Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday.
FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited.
"Bharti Airtel Limited has entered into a Share Purchase Agreement with iBus Network and Infrastructure Private Limited for transfer of Company's entire stake (50 per cent) in Firefly Networks Limited," Airtel said in a filing.
The deal is expected to close within 30 business days from the date of execution of the agreement between the firms.
"The Company will receive Rs 45 million for the sale of its entire stake (50 per cent) held in Firefly," Vodafone Idea said in a separate filing.
Firefly manages and monetises Wi-Fi hotspots by providing the best Wi-Fi infrastructure to partners like educational institutes, hospitals, malls, cafes, public hangout

Airtel

The housing and infrastructure sectors were represented by leaders such as Hiranandani Group, Afcons, L&T, and GMR Group

Housing, Houses, Apartments, residential building

The Central Ground Water Authority has informed the National Green Tribunal that groundwater extraction in the national capital has reduced from 127 per cent in 2013 to 99 per cent in 2023.
Earlier, the National Green Tribunal (NGT) had taken suo motu cognisance of a PTI report regarding a UN study predicting that several parts of the country could experience critically low groundwater availability by 2025.
It had also sought a response from the Central Ground Water Authority (CGWA).
In its action-taken report dated January 1, the CGWA said that along with the Union Ministry of Jal Shakti (MoJS), it took several steps to increase groundwater levels, such as promoting artificial recharge, rainwater harvesting, sustainable agricultural practices, and community participation.
"On reviewing the comparison of state-wise resource assessment reports from 2013 to 2023, it is evident that in most of the states/Union Territories (UTs), the percentage of groundwater extraction has significant

groundwater, water

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.
In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary Committee, demanded answers on the Justice Department's selective prosecution of foreign entities and the potential harm such actions pose to US's global alliances and economic growth and that if there is any Geroge Soros connection to it.
The Department of Justice's selective actions risk damaging critical alliances with key partners like India, one of America's strongest allies in the Asia-Pacific region, Gooden said in his letter dated January 7.
Instead of pursuing cases with tenuous jurisdiction and limited relevance to US interests, the DOJ should focus on punishing bad actors at home, rather than chasing

Gautam Adani, Adani

The temporary work permits are the only real way to employ Indian immigrants in the US, since national caps make it nearly impossible for them to get a green card

H-1B Visa

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

FPIs on Thursday were net sellers to the tune of  Rs 7,171 crore, the highest single-day selling since November 28, 2024, while domestic institutions were buyers worth Rs 7,640 crore

FPI, Foreign portfolio investment

MySoho

Eco Hotels and Resorts Ltd on Thursday said it has expanded into the Bengaluru market by opening a 60-room property and looks to make operational two new hotels in Kota and Nagpur by early next month.
The mid-segment hotel chain in a statement said that it has achieved a major milestone and will be entering Bengaluru, the Silicon Valley city of India, with a 60-room property under the 'EcoExpress' brand.
Eco Hotels is also gearing up to open two properties at Nagpur with 44 rooms and Kota with 63 rooms by the month-end or early February 2025, it said.
The sustainable hospitality services provider said Baroda and Aurangabad hotels are undergoing interiors and will become operational soon.
Through our expansion into fast-growing markets like Mysore, Nagpur, and Shirdi, we are strengthening our footprint as well as catering to the travel requirements of environmentally conscious hospitality, Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts said.
The new openings align .

Interglobe hotel barcelona

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Indices decline amid FPI selling, result concerns; Sensex falls 528 points

How MySoho is Pioneering a New Era of CoWorking Space with the Innovative Asset-Light Model

Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb

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Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

At least 6 killled, several injured in stampede at Tirupati temple

Sebi issues new guidelines for research analysts, investment advisers

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