📌Paytm's parent company One97 Communications' shares fell📌 5.5% on January 8, with UBS citing no gain in UPI share in December, causing its market share to halve to📌 5.5% by year-end. Paytm's monthly transacting users also declined from 100 million to 68 million by September 2024. Paytm's shares are trading 📌4.8% lower at ₹936.35.

Zomato has launched a 15-minute food delivery option, available on its app, offering customers a list of food options that can be delivered within 1.5 km distance. This is after Swiggy launched its 10-minute food delivery app 'Bolt' and amid the quick delivery race in the Indian market. Zomato has entered, exited, and re-entered the space, with this being its second attempt at rapid delivery.

Dogecoin Falls 10%, Bonk and AI16Z See Steeper Losses as Crypto Market Dips: Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours. The decline comes as the cryptocurrency market grapples with mixed U.S. economic data, causing a market-wide pullback. While Dogecoin remains the biggest loser among the top 10 cryptocurrencies, other meme coins are faring even worse.

The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.

LKP Research's research report on JNK IndiaJNK India Ltd (JNK) is a leading player in India’s heating equipment sector, holding a market share of ~ 27% and serving diverse industries, including oil & gas refineries, petrochemicals, and fertilizers. With a strong order book and revenue growth of ~4x since FY21, and is expected to deliver sales/PAT CAGR of 25%/23% over FY24-27E.

📌YES Bank | Buy at ₹19.60-19.40 | Target: ₹21.20 | SL: ₹18.70. 📌Aartech Solonics | Buy on dips at ₹88.50 | Target: ₹94 | SL: ₹86.40. 📌Fiberweb (India) | Buy at ₹57 | Target: ₹62 | SL: ₹55 on a closing basis. 📌Sutlej Textiles and Industries | Buy at ₹62.50 | Target: ₹68.5 | SL: ₹60.5. 📌Lloyds Engineering Works | Buy in ₹84-86 range | Target: ₹90, ₹94, ₹100+ | SL: ₹82.

ONGC has selected BP's subsidiary for technical services to enhance production from its Mumbai High offshore fields, aiming to increase oil and gas production by up to 60% over 10 years. This move comes as ONGC focuses on unlocking new hydrocarbon resources and enhancing recovery from mature fields.

📌Jindal Worldwide shares soared 5% to a record high after announcing a 4:1 bonus share issue, where investors holding one share will receive four new shares, effective March 6, 2025, boosting the company's paid-up capital to Rs 100.26 crore. The bonus equity shares will be issued out of free reserves and/or the securities premium account available as at 31st March, 2024,.

📌 Borosil Renewables' shares surged to a 5% upper circuit for a second consecutive day after promoter Kiran Kheruka increased his stake in the company, buying 96,000 shares worth Rs 5.4 crore, boosting his holding to 3.64%. This move is seen as a positive sign, reflecting confidence in the company's growth prospects.

📌Leo Dryfruits & Spices Trading📌 IPO listed at ₹68 on BSE SME, a 31% premium over the issue price of ₹52, before falling to ₹66.50. The ₹25.12 crore 📌SME IPO was subscribed 181.77 times, with non-institutional and retail investors driving the demand. Proceeds will fund working capital, branding, and marketing.

📌Kalyan Jewellers' shares dropped 📌6.2% to Rs 677.55 on profit booking despite reporting a📌 41% YoY revenue growth in Q3, with same-store-sales growth of 24% and a strong pipeline of showroom openings. The company's digital platform, Candere, saw an📌 89% YoY revenue growth, and Motilal Oswal maintains a 'buy' rating with a target price of Rs 875.

Shares of Jagsonpal Pharmaceuticals will start trading on an ex-split basis on Wednesday, as the company had set January 8 as the record date for determining the shareholder eligibility for their 1:2.5 bonus issue. This is the second stock split for the company, with a previous split in 2004. Over the past year, the stock has surged by 64%.

Gold prices edged lower on Wednesday, pressured by higher US Treasury yields and a stronger dollar after data suggested the Fed might slow the pace of rate cuts this year. Spot gold slipped 0.1% to $2,648.16 per ounce, as of 0308 GMT. US gold futures fell 0.1% to $2,662.30. The dollar strengthened and benchmark 10-year Treasury yield hit an eight-month high.

📌Gold Rate and Silver Price Today on January 8, 2025: Gold prices experienced a remained steady on Wednesday. The cost of 📌24 carat gold in India is Rs.7887.3 per gram, reflecting no change . The cost of📌 22 carat gold in India is 7231.3 per gram, reflecting no change. The current price of 📌silver in India is 95700.0 per kg, reflecting an increase of 📌1200.0 per kg.

Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan's Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business. The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said. Goodyear said it will continue to sell Dunlop-branded tires for passenger cars in Europe.