Shares of Adani Wilmar fell 9.5% in early trade on January 10, hitting ₹292.65 per share. The decline followed Thursday evening’s announcement that its promoter proposes to divest up to 20% stake in the company through an Offer For Sale (OFS)."Adani Commodities LLP is one of the promoters of the company.

Avenue Supermarts, operator of DMart, is expected to report an 18% YoY revenue growth to Rs 16,016 crore for Q3FY25, with net profit estimated to rise 14-17%. Brokerages like Nuvama, Axis Securities, and Antique expect EBITDA growth of 12-16%. The company will announce its earnings on January 11. Store expansion and inflation drive growth.

State-owned lender, Indian Overseas Bank has invited expression of interest from asset reconstruction companies (ARCs) for the sale of 46 non-performing loans accounts worth Rs 11,500 crore, according to the press release. The last date to submit the expression of interest is on January 18 and e-auction is scheduled on January 30. The process of due diligence will commence from January 10.

Realty firm The Phoenix Mills Ltd on Thursday (January 9) reported strong growth for Q3 FY25 and the first nine months of FY25, driven by robust performance across its retail, hospitality, commercial office, and residential segments. Retail consumption for Q3 FY25 reached approximately ₹3,998 crore, marking a 21% increase compared to Q3 FY24.

Asia accounts for 60% of global crypto users and contributes the largest share of worldwide liquidity, according to Foresight Ventures, a crypto-focused venture capital firm. On Jan. 9, Foresight Ventures released its latest “GTM in Asia” report, co-published with Primitive Ventures, noting Asia’s influence in the global cryptocurrency landscape.

Healthtech company Practo said Thursday it managed to slash its loss before interest, taxes, depreciation and amortization for the year through March 2024 and achieved an adjusted EBITDA profit in the fourth quarter. The company also reported a 23% growth in consolidated revenue to Rs 240 crore for FY24 from Rs 194.53 crore the year before, it said Thursday.

IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 19% year-on-year growth in toll collections for December 2024, totaling ₹580 crore, driven by India's robust GDP growth. Despite a 9.1% decline in revenue, the company recorded a 4.3% increase in consolidated net profit, reaching ₹99.8 crore, with improved operating margins.

Banana chips maker Beyond Snack has raised Series A funding while pet healthcare startup Dr. Doodley and laundry startup Revivo have secured pre-seed funding.  The company has raised $8.3 million (about Rs 71 crore) in a Series A round led by 12 Flags Group, a consumer-focused investment firm set up by Rakesh Kapoor, the former global chief of Reckitt Benckiser.

Polyplex Corporation has unveiled plans to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) manufacturing film plant in India, aiming to bolster its production capacity by 52,400 MTPA. The company disclosed this development following its board meeting on January 9, 2025. BOPET films are polyester films known for their strength, transparency, and excellent barrier properties.

Adani Total Gas Ltd on Thursday (January 9) announced that it has received communication from the nodal agency, GAIL (India) Ltd, regarding a 20% rise of its administered price mechanism (APM) gas allocation, effective from January 16, 2025. Shares of Adani Total Gas Ltd ended at ₹681.60, down by ₹22.60, or 3.21%, on the BSE.

Bitcoin (BTC-USD) continued a decline Thursday to touch its lowest levels since November, trading as low as $92,500. The cryptocurrency's recent descent comes after it had climbed to record highs in the wake of President-elect Donald Trump's win in early November. It first crossed above the milestone $100,000 mark in early December and later eclipsed $108,000.

Digital cable TV and broadband service provider GTPL Hathway Ltd on Thursday (January 8) reported a 57.2% year-on-year (YoY) decline in net profit at ₹10.1 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, GTPL Hathway posted a net profit of ₹23.6 crore, the company said in a regulatory filing.

De La Rue Plc got a takeover approach for the entire company by the same investors who proposed to buy almost half of the British currency printer last year. Disruptive Capital GP Ltd. and Pension SuperFund Capital are making a preliminary conditional cash offer for £1.25 a share, the same price as earlier, De La Rue said Thursday. That’s 22% above Wednesday’s close.

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the USD on Thursday amid firm American currency and elevated level of crude oil prices. Per forex analysts, relentless selling in domestic equities and outflow of foreign capital kept the local unit under pressure, while dollar strengthened on improved macroeconomic prospects in US.

Strata, which facilitates fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities.