Stock broking firm HDFC Securities Ltd (HSL) on Tuesday said it has repositioned its retail research division as "HSL Prime Research" to enhance its research capabilities and deliver premium insights to clients. The transition, effective January 1, 2025, coincides with the appointment of Devarsh Vakil as the new Head of HSL Prime Research, the company said in a statement.

The government has revised its gold import figures for November 2024 to $9.84 billion from $14.86 billion, as per data uploaded on the Commerce Ministry’s Directorate General of Commercial Intelligence and Statistics on January 8. The revised figures for inbound shipments of gold in value terms are nearly 34 percent lower than what was previously reported on December 16, 2024.

Oil and gas services provider Flowco Holdings has announced the launch of its IPO to raise $392m by offering 17.8 million shares priced between $21 and $23 each. Cornerstone investors have shown interest, intending to purchase $125m worth of shares, or 32% of the deal. At the proposed price range's midpoint, Flowco Holdings would achieve a fully diluted market value of $1.9bn.

BHEL commissions first two units of 6x170 MW Punatsangchhu-II hydroelectric project in Bhutan, with expected annual power generation of 4,357 gigawatt-hours, marking a significant milestone. PHEP-II is a project executed under a bilateral agreement between government of India and Royal government of Bhutan.

RAS Luxury Skincare, BrainSight AI, Sieger Technologies, and Culture Circle have raised early-stage funding, with RAS and BrainSight AI securing $5 million each, Sieger Technologies raising $1 million, and Culture Circle securing Rs 3 crore in angel funding. Existing investors, including angel investors such as Keki Mistry family, participated in this round as well.

Bernstein has shifted its market stance from cautious to constructive, recommending investment in stocks, with a Nifty target of 26,500, expecting 12% returns. The firm is overweight on financials, IT services, utilities, and telecom, and neutral on consumer sectors, expecting earnings growth of 8-10% for FY25 and low to mid-teens over the next two years.

Suven Life Sciences Ltd. shares ended 10% higher on Wednesday, January 8, after it announced that the first subjects have been dosed in a Phase-1 clinical trial of SUVN-I6107, a modulator used in the treatment of cognitive disorders. The study is being conducted in the US under FDA acceptance of investigational new drug (IND) and issue of the Study May Proceed Letter, the company said.

The Crypto Accounting Academy, a flagship course offered by The Accountant Quits, has been acknowledged as a Continuing Professional Education (CPE) Sponsor by the National Association of State Boards of Accountancy (NASBA). This designation, granted following a thorough application process, places the course on the NASBA CPE Registry.

Standard Glass IPO concluded with 182.57 times subscription on the final day of offer on 8th January. The initial public offer got bids for 380 crore shares against 2.08 crore shares on offer, according to data available with the NSE.The portion for non-institutional investors received 267.99 times subscription while the Retail Individual Investors (RIIs) part got subscribed 63.99 times.

India’s largest steelmaker has been sidelined by a legal dispute that’s derailed its deal to buy a coal concession in Mozambique. JSW Steel, run by Sajjan Jindal, agreed in May to buy Minas de Revuboè from the estate of Ken Talbot, an Australian mining tycoon who died 14 years ago. Before the deal could be completed, Mozambican government revoked MdR’s lease to mine coal valued at about $50 bn.

💰The leading gainers within the Nifty index included ONGC (up 2.98%), Reliance Industries (up 1.99%), Tata Consultancy Services (up 1.99%), ITC (up 1.92%), and Asian Paints (up 1.82%). 💰Conversely, the top losers comprised Apollo Hospitals Enterprise (down 3.95%), Trent (down 2.55%), Shriram Finance (down 2.02%), Bajaj Auto (down 1.91%), and Ultratech Cement (down 1.85%).

The Rs 290-crore Quadrant Future Tek IPO saw a massive 43.19 times subscription so far on Day 2 (January 8). The IPO received bids for around 25.04 crore equity shares, as against the offer size of 58 lakh shares, the subscription data on NSE showed at 3.27 pm. Retail investors led the oversubscription, with the portion reserved for them seeing a whopping 126 times subscription.

Rolls-Royce is investing a record £300m to double the size of its UK factory to meet demand for customized cars that can sell for over £1m, driven by a boom in bespoke orders from luxury clients seeking unique experiences. The investment in the plant at Goodwood in Sussex will be the biggest since it opened in 2003 and will also provide more space to build electric models.

Transformers and Rectifiers, on Wednesday, said that its board has approved a 1:1 bonus share, which means that investors will get one additional share for every share. However, the record date for the issue of bonus shares is yet to be declared. Transformers and Rectifiers stock surged nearly 5% to record high to ₹1,300 per share on BSE. The stock has zoomed 18% in the last one month.

Copper prices edged up 0.2% to $9,019 per ton on the London Metal Exchange, supported by contrarian buying from funds and firm Chinese demand, but gains were limited by uncertainty over potential US tariffs on China and a stronger dollar. Many investors were on the sidelines after conflicting reports about plans by U.S. President-elect Donald Trump regarding tariffs.