Lending to the country's booming aviation sector over the 12 months to end-November 2024 dropped significantly when compared to the same period a year earlier as domestic airlines have slowed on hiring and have not placed a significantly large order for new planes. According to RBI data, total outstanding dues to the Indian aviation sector rose to Rs 46,446 crore as of November 29, 2024.

Reliance Industries will declare its December quarter results on January 16, with analysts expecting a recovery cycle in 2025 driven by telecom and retail growth, and rebounding refining margins, making its currently low valuations an attractive risk-reward opportunity. Bernstein said that Reliance Industries' valuations are at a three-year low and that makes risk-reward attractive for the stock.

Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68% to finish at 77,620.21.

India’s largest IT services company Tata Consultancy Services (TCS) reported its highest third quarter order book in at least the past five fiscal years with total contract value (TCV) at $10.2 billion in the period ended December 31. This comes in a seasonally weak quarter for the IT industry due to holiday season in core markets like North America.

BR Goyal Infrastructure's initial share sale continued to garner strong interest from investors, who have subscribed the SME IPO 82.77 times so far on the final day of bidding, i.e. January 9. The issue was opened for subscription on January 7. The company that is engaged in the construction of infrastructure projects targets to raise Rs 85.21 crore through initial public offering.

Indraprastha Gas Limited's shares rose 3% to Rs 418.70 after GAIL (India) Ltd. increased IGL's domestic gas allocations in the CNG segment by 31%, effective from January 16. This revision, along with additional RLNG volumes, is expected to positively impact IGL's profitability. The stock hit an intraday high of Rs 435.85 before paring some gains.

Adani Wilmar has informed that one of the promoter companies, Adani Commodities will be selling up to 20% stake in the company through an Offer For Sale starting on January 10, with a floor price of Rs 275 per share. The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.

Mutual Fund folios hit at all-time high of 22,50,03,545 in December 2024, revealed the latest data released on Thursday by the Association of Mutual Funds in India (AMFI). Retail mutual fund folios (which include equity, hybrid, and solution-oriented Schemes) were at an all-time high of 17,89,93,911 for the month of December 2024, compared to 17,54,84,468 for the month of November 2024.

Even though there has been talk for long that household savings are moving from bank deposits to other financial products, especially to the capital market, data published by the ICICI Bank Global Market report for financial year 2023-24 seems to suggest that the share of total household deposits in GDP  has increased sharply to 4.7 percent in FY24, from 4.1 percent in the year ago period.

Microsoft India and South Asia president Puneet Chandok said that the company has already trained 2,400,000 Indians since 2024. American tech giant Microsoft plans to invest $3 billion to expand its cloud computing and artificial intelligence capabilities in India, calling it “the single largest expansion we have ever done in India.” The announcement was made at the Microsoft AI Tour in Bengaluru.

Tata Elxsi Ltd. on Thursday, January 9, reported a 13.3% quarter-on-quarter decline in net profit at ₹199 crore for the period ending December 31, 2024, compared to ₹229.4 crore in the September quarter. Revenue for the quarter stood at ₹939.2 crore, which was 1.7% down as compared to ₹955.1 crore in the September quarter.

Atul Suri, CEO of Marathon Trends-PMS, is bullish on large-cap IT stocks, expecting them to lift the market due to their significant index weightage, while remaining cautious on banks. He also predicts large caps will outperform mid and small caps, and advises selective positioning in the current market.

Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in its workforce during the fiscal third quarter, a reversal after two consecutive quarters of growth, with the company now employing 6,07,354 people, the company said on January 9 as it shared the numbers for the third quarter of FY25, despite promoting over 25,000 associates and investing in upskilling.

Tata Consultancy Services (TCS) has agreed to acquire two wholly owned subsidiaries of Tata Realty and Infrastructure Limited—TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited—for ₹1,625 crore. The acquisition, comprising optionally redeemable convertible debentures and 100% equity shares, will aid TCS's delivery centre expansion.

TCS declares third interim dividend of ₹10 and special dividend of ₹66 for FY25, with a record date of January 17 and payment on February 3, 2025, bringing the total dividend to ₹20 per share so far. TCS shares will trade ex-dividend before the record date, and the company reported revenue of ₹63,973 crore, a 0.4% decline, in its Q3 results.