Following an overwhelming response to the offer for sale (OFS) of NHPC from institutional investors, the government has decided to exercise the greenshoe option and sell an additional 1% stake in the renewable energy major. On Wednesday, the government announced plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC, and set the floor price at Rs 66/share.

The Rs 640 crore-IPO of Epack Durable was subscribed 46 percent by the afternoon of January 19, the first day of bidding, as investors bought 91.19 lakh equity shares against the offer size of 1.99 crore. Retail investors sent in bids for 78 percent of the shares set aside for them. Non-institutional investors (high networth individuals) picked 29 percent of their allotted quota.

The Reserve Bank of India (RBI) on January 18 imposed monetary penalty on three cooperative banks for various rule violations.  In one instance, the central bank imposed a monetary penalty of Rs50 lakh on NKGSB Co-operative Bank Ltd for violation of Know Your Customer norms issued by RBI, the central bank said.

The Reserve Bank of India (RBI) sold $1.929 billion in the spot foreign exchange market in November, according to the central bank’s monthly Bulletin. The central bank in the Bulletin said that it purchased $ 34.99 billion and sold $ 36.92 billion during the period. In October, the central bank had sold a net of $310 million in the spot market.

Kotak Mahindra Bank on January 20 is expected to reported 16 percent year-on-year growth in standalone net profit at Rs 3,243 crore for the quarter ended December 2023. As per a poll of brokerages, net interest income is expected to come in at Rs 6,434 crore, jumping 14 percent from from year-ago period.

Chemicals company Atul posted a net profit of Rs 70.94 crore for the quarter ended December 2023, marking a decrease of 32.5 percent from Rs 105.10 crore a year back. On a sequential basis, though, the bottomline was up 6.2 percent from Rs 91.23 crore. The revenue from operations came in at Rs 1,137.80 crore for the quarter under review, down 10.8 percent on-year.

Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report by credit rating agency Moody's Investors Service.Defaults among the lowest-rated U.S. companies will peak at 5.8% this quarter from 5.3% in November before leveling out to 4.1% by the end of 2024, Moody's analysts said.

Some European Central Bank officials fretted when they last set interest rates that investor wagers for monetary easing could upend their efforts to curb inflation, an account of the last policy meeting showed. The release comes as ECB officials look to pour cold water on market expectations of aggressive reductions in borrowing costs starting in the spring.

Earnings season started off strong last week with JPMorgan Chase reporting record profits. However, the economy is still in flux, and it might be too early to celebrate the end of high inflation.While the market digests many economic factors and geopolitical circumstances, it hasn't made any big moves so far in 2024.

IndiGo Airlines' Chief Executive Officer  Pieter Elbers said on January 18 that the airline will improve its on-time performance (OTP) by next week returning to earlier standards, after the country's biggest carrier clocked worst OTP earlier this week as dense fog restricted visibility, delaying flights.

The Nasdaq-100 Technology Sector index has been in scintillating form over the past year, with impressive gains of 53%. Investors have been buying tech stocks hand over fist amid the cooling inflation, a strong economy, and new catalysts such as artificial intelligence (AI) that boosted confidence in this sector.The good news is that the Nasdaq could continue to head higher in 2024.

We tend to think of the video streaming wars in relation to the content providers. Companies like Netflix, Amazon, and Alphabet are investing heavily to win customer eyeballs as people transition from spending most of their video-watching time on cable to largely watching streaming TV. But there is another layer to the streaming wars: connected TV (CTV) hardware and CTV operating systems.

Jindal Stainless Ltd (JSL) on Thursday posted a 35 per cent rise in its consolidated net profit to Rs 691.22 crore during the December quarter, aided by trimmed expenses. Its net profit was at Rs 512.62 crore during the October-December period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

The Reserve Bank of India (RBI) Governor Shaktikanta Das said that the RBI is not considering a rate cut at this point amid speculations of a rate cut later this year and the focus will be on bringing inflation at a target of 4 percent. Speaking to Bloomberg TV, the governor said, at this time, the topic of rate cut is not on our table, it’s not even under discussion.

U.S. single-family homebuilding dropped sharply in December after a string of strong gains, but new construction remains underpinned by a shortage of previously owned houses for sale. Single-family housing starts, which account for the bulk of homebuilding, fell 8.6% to a seasonally adjusted annual rate of 1.027 million units last month.