The cost of hedging foreign-exchange risk in Indian assets has surged to a two-year high, driven by increased demand and expectations of a weaker rupee. Dollar-rupee three-month offshore forward points reached levels last seen in November 2022, as investors speculate about the Reserve Bank of India loosening its grip on the currency.

Kore Foods Q3 Results 2025: Kore Foods declared their Q3 results on 07 Jan, 2025, revealing a troubling financial landscape for the company. The topline revenue remained stagnant, showing a 0% decrease year-over-year, while the losses surged by 128.09%, totaling ₹0.15 crore. In comparison to the previous quarter, the revenue also declined by 0% while losses increased significantly by 105.85%.

TV Today Network has announced the closure of its FM radio broadcasting operations, consisting of three stations, due to the evolving dynamics of the industry. The company's shares jumped 7% after the announcement, trading at around Rs 227 apiece. The closure, pending regulatory approvals, is expected to be completed within one to six months.

Richa Info Systems Ltd. shares gained 5% at Rs 80.85 apiece in early trade on January 9 amid high volumes. For Q2FY25, the company had registered a consolidated net revenue increase of 0.3% year-on-year at Rs 1,130 crore. Its operating profit stood at Rs 290 crore, compared to Rs 280 crore in Q2FY24, with operating margin at 26%, compared to 25% in Q2FY24.

PN Gadgil Jewellers' Q3 revenue rose 24% year-over-year, driven by strong same-store sales and demand during festivals. The retail segment grew 42%, franchise 87%, and e-commerce 98%. The company opened 9 new outlets and plans to open 3 more, with a target price of ₹950 and "Buy" recommendation from Motilal Oswal.

GTPL Hathway Ltd's shares surged 17% to Rs 158 ahead of its Q3 earnings report, despite a 61.8% decline in net profit in Q2. Revenue grew 9.8% year-on-year to Rs 856 crore, driven by expansion of its subscriber base to 9.5 million active subscribers. GTPL Hathway is set to launch its Headend in the Sky service in Q1 FY26, which is expected to drive future subscriber growth.

Kabeer Biswas, co-founder of Dunzo, will lead Flipkart Minutes as its head, bringing over a decade of experience in the quick commerce space to give Flipkart an edge over competitors. Biswas' departure from Dunzo, which he founded in 2014, comes amid the company's struggles in an increasingly competitive industry.

Driven by the growth of Zomato’s food delivery business and Blinkit’s GMV, domestic brokerage firm Kotak Institutional Equities has retained its ‘buy’ rating on the stock with a target price of Rs 305, as it expects the company to report a decent third quarter. This suggests an upside potential of 22.3% from the stock’s current levels.

Last month, an infrastructure investment trust sponsored by an alternative asset management arm of the Mumbai-based Edelweiss Group struck a deal to acquire its first asset since going public two years ago. The deal sealed by the Anzen India Energy Yield Plus Trust was significant for more reasons than one, adding a solar energy project to its portfolio, marking a significant transaction.

Praj Industries' shares rose ✅ 1.4% to Rs 811.4 after Kotak Institutional Equities initiated coverage with an "add" rating and a target price of Rs 880, implying an 8.5% upside, citing the company's strong positioning in the ethanol sector and growth prospects in bioenergy and international markets.

The Indian rupee opened at a new low on January 9 due to strong dollar demand but pared some of the losses on likely intervention by the Reserve Bank of India (RBI), currency experts said. At 11.15 am, the local currency was trading at 85.89 against the dollar after opening at 85.93, a new low. The rupee closed at 85.86 in the previous session.

Quadrant Future Tek's IPO has received an overwhelming response from investors, with retail investors subscribing 164.77 times and non-institutional investors 119.60 times, leading to an overall subscription of 62.85 times on the final day. Shares of Quadrant Future Tek are commanding a premium of Rs210 in the grey market.

Nomura upgrades Zydus Lifesciences' shares to "buy" from "hold" and raises its price target to ₹1,140, citing higher earnings estimates from the Sitagliptin 505b(2) drug. The brokerage sees an opportunity size of $100-150 million annually from the drug, despite competition in the US market. Nomura also notes benefits from a stronger US Dollar.

Global brokerage firm Nomura has downgraded its ratings on ACC, Shree Cement, and Nuvoco in its latest report stating that the Indian cement industry is experiencing significant headwinds over weak pricing power and sluggish demand growth. Nomura’s research note suggests that pan-India prices have remained flat in January 2025, with marginal improvements by Rs 60-70 in 3Q.

Indian markets witnessed a massive sell-off on Monday, ₹10 trillion is the amount of wealth that was lost on Monday this week as fear of the outbreak of a new virus i.e. Human Metapneumovirus (HMPV), gripped the market. There was a joke going rounds that while the first few patients were on their way to full recovery, the virus had sent the stock market to ICU.