Aditya Birla Group-backed Aditya Birla Real Estate Ltd (ABREL) said that the company does not see any impact in its operations, including its ongoing Birla Niyaara luxury housing project in Worli, as it faced a setback at the SC in its fight with the BMC over possession of a land parcel in Mumbai's Lower Parel, measuring around five acres, after the apex court sided with Mumbai's civic body.

Sebi has cleared the deck for 4 mainboard IPOs in its latest communication on January 8, while 2 DRHPs have been withdrawn. Draft offer documents of Regreen Excel EPC, Casagrand Premier, Highway Infrastructure and Dr Agarwal's Health Care received Sebi's final observations at the end of December. These companies had filed their preliminary papers with SEBI between September and October last year.

Transformers and Rectifiers (India) on January 8 said that its consolidated net profit has jumped to Rs 55.48 crore in Q3 of the current FY25. This marks a whopping 250% rise from the Rs 15.72 crore net profit the company had reported in the same quarter of the previous FY24. The company’s revenue from operations has risen 51% year-over-year to Rs 559.4 crore in Q3FY25.

Tata Steel's shares fell 0.65% to Rs 132.49 after reporting a 7.58% quarterly increase in Indian steel production to 5.68 million tons, and a 5% year-over-year increase to 16.2 million tons in the first nine months of FY25. Tata Steel's deliveries in India surged to a record 5.29 million tons, up 8.4% YoY, driven by robust domestic sales and exports.

Ajit Kumar, Vice President Equity Research of Financials at Nomura believes credit costs for non-banking financial companies (NBFCs) will like peak in the Q3FY25 after rising steadily over the past 10-12 quarters. Nomura has upgraded Bajaj Finance to 'buy' from 'neutral' and raised its target price to ₹8,560 from ₹7,250 per share, citing a strong third quarter performance across key parameters.

The Reserve Bank of India (RBI) on Wednesday (January 8) said it has removed supervisory restrictions imposed on Asirvad Micro Finance Ltd, Chennai, and DMI Finance Private Ltd, New Delhi, with immediate effect. Asirvad Microfinance is microlending arm of Manappuram Finance. Both companies took remedial action and submitted compliance documents to the RBI.

WeWork India, a flexible workspace provider, signed leases for two office spaces - WeWork Manyata Mahogany in Hebbal, Bengaluru and WeWork GERA Commerzone in Pune. Both office spaces are set to open in the second half of FY26. Manyata Mahogany spans across 90,500 sq ft and houses about 1,700 desks across two floors.

Anand Rathi Wealth, a leading name in wealth management services, is set to consider issuing bonus shares for the first time. The company's board of directors will convene on Monday, January 13, 2025, to deliberate on the proposal. The board had also declared an interim dividend of ₹7 per equity share (140% of the ₹5 face value) for FY25.

Moderna stock has seen big swings this week after the first reported bird flu death in the US, which has put its development of a vaccine in focus. The stock jumped over 10% on Tuesday before reversing course and losing over 6% early Wednesday. In July 2024, Moderna was awarded $176 million from the US government to advance the development of its mRNA H5N1 (bird flu) vaccine.

A sharp selloff in some of the world's biggest government bond markets and a surge in the dollar are sending shockwaves through financial markets, with the pain seen deepening as uncertainty grows over Donald Trump's policies. On Wednesday, 10-year Treasury yields (^TNX), which underpin trillions of dollars in daily global transactions, jumped to above 4.7%.

Nandan Chakraborty, Head of Strategy at DAM Capital, said in uncertain times, two things are important when investing. First, one should have a margin of safety when selecting stocks, which is why DAM has created a list of stocks that the strategists believe could double in value. Second, it's important to have a balanced portfolio, with both low-risk and high-risk investments. DAM Capital h...

Absci Corporation's stock surged 44.3% in pre-market trading after partnering with Advanced Micro Devices to enhance AI drug discovery capabilities, with AMD investing $20 million in public equity. The collaboration will leverage AMD's Instinct accelerators and ROCm software to support Absci's advanced antibody design models.

Gautam Adani-led Adani Group’s port-operating arm, Adani Ports and Special Economic Zone (APSEZ), ranked among the top 10 global transportation and transportation infrastructure companies in S&P Global’s Corporate Sustainability Assessment (CSA), according to a BSE filing. “We firmly believe responsible business practices drive innovation and long-term success.

Casagrand Premier Builder, a Chennai-based residential real estate developer, receives SEBI's approval for its IPO, which consists of a fresh share sale of up to ₹1,000 crore and an offer for sale of up to ₹100 crore. Casagrand Premier Builder, a well-known residential brand in Chennai, plans to use the proceeds for debt repayment and general corporate purposes.

Brigade Enterprises on Wednesday, January 8, announced the launch of a mixed use project in Hyderabad. The integrated lifestyle mixed-use development called ‘Brigade Gateway at Neopolis’ has a revenue potential of ₹3,300 crore, the company said in a stock exchange filing. Brigade Gateway at Neopolis, spread over 10-acre, is located in Hyderabad’s Kokapet area.