FTV Capital, a firm focused on growth-equity bets, has amassed more than $4 billion for two new funds, as it aims to capitalize on a dearth of initial public offerings that has led fast-growing companies to seek capital elsewhere. The firm closed on $3.4 billion for FTV VIII, marking its largest fund to date and eclipsing the $2.3 billion it collected in 2022, executives said.

📈 Amid weak global cues, domestic benchmark indices started gap-down on 9 January, 2025 📢 At 9:16 AM, the Sensex tanked 202.57 points or 0.26% at 77,945.92, and the Nifty plunged 40.90 points or 0.21% at 23,639.05 📊 Oil India (⬇️2.27%), SBI (⬇️1.65%) and Oberoi Realty (⬇️1.81%) appeared as the top losers on the Nifty 50 at the Open.

Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline. Brent crude futures fell 28 cents, or 0.4%, to $75.88 a barrel by 0125 GMT. U.S. West Texas Intermediate crude futures dropped 30 cents, or 0.4%, to $73.02.

Avendus PE Investment Advisors is launching a third private credit fund, as it seeks to tap demand from investors for high-yielding debt in India and satiate a growing need for capital among medium-sized companies. firm aims to raise as much as Rs 4,000 crore ($466 million) through the fund, that will invest in the debt of mid-sized businesses in the country, Anshul Jain, executive director said.

After an overwhelming response to the IPO, the shares of Parmeshwar Metal will debut on the BSE SME platform on Thursday. The company's GMP was robust at Rs 44 in the grey market ahead of the listing. Considering the upper price band of Rs 61, the stock is expected to see a listing premium of 72% over the issue price. The company's revenue reached Rs 1100 crore in FY24.

Global broking firm Jefferies raised its target price on low-cost carrier InterGlobe Aviation, noting that the IndiGo parent is a 'unique, strong' franchise, with a dominant market share of over 60 percent in domestic air travel. The brokerage hiked its target price on IndiGo shares to Rs 5,260 per share, up from Rs 5,100 earlier, indicating a 23 percent upside from current levels.

TCS shares are in focus ahead of Q3 results, with analysts expecting 5.2-6.4% revenue growth and 8.1-10% adjusted PAT growth year-on-year, driven by deal momentum in BFSI, despite subdued growth on a sequential basis. TCS shares closed at Rs 4,107.5, up 2% on the BSE, with a market capitalization of Rs 14,86,129 crore.

Bernstein has initiated coverage on Swiggy Ltd. with an ‘Outperform’ rating and a price target of ₹635 per share. The target implies a potential upside of 29% from the stock’s closing levels on Wednesday. In its note, Bernstein said that Swiggy pioneered food delivery in 2014, later expanding into quick commerce. It is now the second-largest hyperlocal platform in India, after Zomato.

PN Gadgil Jewellers' stock is expected to gain attention following a strong Q3FY25 business update, with 24% YoY revenue growth driven by festive demand and same-store sales growth, despite a 12% decline in the past month. The company plans to open three more stores in the upcoming quarter, expanding its footprint.

HSBC Securities said Bharti Airtel's dividend payout is expected to rise by 114% in FY25 to ₹17 per share from last year, driven by improvement in free cash flow and funding requirements at the promoter entity. The brokerage said the dividend per share is estimated to quadruple to ₹34 in three years. It has maintained a 'buy' rating with a ₹1,940 price target, implying a 21.3% upside.

Indian firms, including Reliance Industries, sought to raise $2.8 billion through external commercial borrowings in November 2024, according to the latest Reserve Bank of India data released on Wednesday. About 82 firms registered with the Reserve Bank of India to borrow an aggregate amount of $1.4 billion from the automatic route.

📌GIFT Nifty (Earlier SGX Nifty) signals a negative start. 📌India VIX, which is a measure of the fear in the markets, fell 1.33% to settle at 14.46 levels. 📌FPIs turned net sellers at Rs 2,575 crore on Monday. 📌DIIs bought shares worth Rs 5749 crore. 📌The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 against USD on Wednesday.

📌Advait Energy Transitions received letter of intent (LoI) from Gujarat Urja Vikas Nigam. 📌BHEL commissioned two units Of 6x170 mw Punatsangchhu-II hydroelectric project (PHEP-II) in Bhutan. 📌Hindalco arm Novelis said it plans to offer $500 million in senior unsecured notes due 2030 in a private offering to refinance debt. 📌MOIL received a penalty order of Rs 16.77 crore.

Tata Motors-owned JLR on Wednesday (January 8) reported a mixed performance for Q3 FY25. Wholesale volumes increased by 3% YoY to 1,04,427 units, reflecting a recovery from prior supply disruptions, while retail sales declined 3% YoY to 1,06,334 units. Shares of Tata Motors Ltd ended at ₹794.85, up by ₹1.45, or 0.18%, on the BSE.

eBay Stock Surges After Meta Launches Integration Test For Facebook Marketplace: Shares of e-commerce company eBay Inc (NASDAQ:EBAY) are trading higher on Wednesday after Meta Platforms Inc. (NASDAQ:META) said it is rolling out a new test that will integrate listings from eBay directly on Facebook Marketplace. This initiative will initially launch in Germany, France, and the U.S.