Tapering off in the BSNL deal expected over the next few quarters will aid TCS to expand profit margin, a senior company official has said. The country’s largest software exporter is also looking at creating a capacity of over 25,000 seats in Bengaluru over the long term on a land parcel acquired recently, Chief Financial Officer Samir Seksaria told PTI here.

Real estate company Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners.

As bitcoin (BTC) wobbles around the $90,000-$95,000 area, down more than 10% from its all-time high touched a bit less than four weeks ago, a contrast is growing between traders — whose technical analysis tools show the top cryptocurrency may be due for another plunge — and long-term investors who believe the bull run is nowhere near done.

India is growing, and Singapore sees many opportunities to expand bilateral cooperation with South Asia’s fastest-growing economy, senior minister Lee Hsien Loong has said. “India is growing, and on the move,” Lee, who served as prime minister for 20 years, told the Indian business community on Saturday.

The primary market will remain in action as five new IPOs will opening for subscription next week, which includes one in mainboard and four in SME. Shares of Standard Glass Lining Technology, Quadrant Future Tek, and Capital Infra Trust InvIT are set to be listed on the BSE and NSE stock exchanges. Additionally, five small and medium enterprises (SMEs) will make their debut.

Rikhav Securities will launch its Rs 89-crore initial share sale for public subscription on January 15. The issue will close on January 17, while the anchor book of the IPO will be opened for institutional investors for a day on January 14. The IPO consists of fresh issue of 83.28 lakh shares worth Rs 71.62 crore, and OFS of 20 lakh shares worth Rs 17.2 crore by public shareholders.

Gujarat-based winding and conductivity products maker Vidya Wires has filed preliminary papers with SEBI to raise funds via IPO for capacity expansion and debt reduction. The IPO is a mix of fresh issuance of equity shares worth Rs 320 cr, and OFS of 1 crore shares by promoters. Further, Rs 100 cr fresh issue funds will be used for repaying debt, and the remainder for general corporate purposes.

In their very first year of trading, spot bitcoin ETFs have seen billions of dollar flow into them and have made it easier for investors to invest in the cryptocurrency. However, not all bitcoin ETFs are made the same. Since they began trading on Jan. 11, 2024, spot bitcoin ETFs have seen net inflows of roughly $36.2 billion, per Farside Investors.

Italy’s largest steelmaker, formerly known as Ilva, has received 10 purchase offers, according to its administrators. Three of the offers- one from a consortium of Azeri Baku Steel Company CJSC and the Azerbaijan Investment Company OJSC; another from Bedrock Industries Management; and the third from India’s Jindal Steel International- are for the entirety of the business, the administrators said.

Adani Group to invest ₹75,000 crore in Chhattisgarh across power, cement, education, healthcare, skill development, and tourism sectors, including ₹60,000 crore to expand power plants, ₹5,000 crore for cement plants, and ₹10,000 crore for CSR initiatives, expected to boost economic growth and generate employment.

Standard Glass IPO shares are set to list on BSE and NSE on January 13, following a huge demand of 183 times to its Rs 410-crore issue in the primary market. The analysts expect a mega listing with a premium exceeding 60% over its issue price. The shares of the Standard Glass Lining Technology issue with a price band of Rs 133-140 per share were allotted to the successful bidders on January 9.

Quadrant Future initial public offering (IPO) allotment was finalised on January 10. The IPO received an overwhelming response from investors across all categories. On the third day, the Quadrant Future Tek IPO was subscribed 186.66 times as of 7:00 PM, according to data from the BSE. The issue received 1,08,26,32,500 shares compared to the 57,99,999 shares available.

The average deal size for commercial office spaces in India's top 8 markets increased by 10.24% to 41,867 sq ft in 2024, driven by growing demand for high-quality offices and occupier commitment to lease tenure and workspace investment. Hyderabad saw the highest average deal size at 70,535 sq ft, while Mumbai recorded the highest growth rate of 54.59%.

ITC Ltd. has allotted 125.11 crore equity shares to its shareholders as part of a demerger, separating ITC Hotels into an independent entity. ITC Hotels, now India's second-largest hotel chain, plans to list its shares after regulatory approvals. The demerger aims to unlock value, attract investors, and strengthen capital allocation strategy.

Investors are going to see five new initial public offerings opening for subscription next week starting from January 13. And this is despite the bears enjoying party at Dalal Street as the benchmark indices corrected more than 2% last week. The first IPO opening on the first day of next week, i.e. January 13, will be Laxmi Dental. In fact, this is the only public issue from the mainboard segment.