Broader indices sink most in over 2 months; 170+ smallcaps plunge 10-23%
Sat, Jan 11, 2025 7:46 PM

Broader indices sink most in over 2 months; 170+ smallcaps plunge 10-23%

The broader indices posted their worst performance in more than two months, falling between 3-6%, as they underperformed the main indices amid mixed global markets, subdued Q3 corporate earnings projections, and concerns over India’s economic slowdown. The BSE Large-cap index dropped 3.2%, the BSE Mid-cap index declined 5.7%, and the BSE Small-cap index fell by 6%.

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Standard Glass Lining IPO: What GMP signals as listing date fixed on Monday
Sat, Jan 11, 2025 7:44 PM

Standard Glass Lining IPO: What GMP signals as listing date fixed on Monday

After receiving a strong response from investors, the Standard Glass Lining IPO listing date has been fixed on 13 January 2025. According to the BSE notice, Standard Glass Lining IPO will be listed on the BSE and the NSE on 13 January 2025 in a Special Pre-open Session. Shares of the company will become available for trade from 10:00 AM on Monday after listing into the 'B' category of securities.

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TikTok warns of broader consequences if US Supreme Court allows ban: Report
Sat, Jan 11, 2025 7:42 PM

TikTok warns of broader consequences if US Supreme Court allows ban: Report

The Supreme Court heard arguments over a law requiring TikTok's sale or ban in the US by January 19, citing national security concerns, with TikTok's lawyer warning that it could set a precedent for targeting other companies, and justices signaling they may uphold the law despite First Amendment concerns.

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No more actions on derivatives on anvil: Sebi WTM Narayan
Sat, Jan 11, 2025 6:42 PM

No more actions on derivatives on anvil: Sebi WTM Narayan

The capital markets regulator is not planning any more measures to curb or restrict activity in derivatives, Sebi's Wholetime Member Ananth Narayan said on Saturday. An expert group under former RBI executive director G Padmanabhan continues to work on bettering the system, and some moves on ease of doing business and better risk management are being mulled, he added.

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Laxmi Dental IPO mobilises ₹314 crore from anchor investors
Sat, Jan 11, 2025 6:10 PM

Laxmi Dental IPO mobilises ₹314 crore from anchor investors

OrbiMed-backed Laxmi Dental on Wednesday said it has fixed the price band at ₹407-428 per share for ₹698 crore initial public offer which will hit the markets for public subscription on January 13. The company has decreased the size of its fresh issuance from ₹150 crore to ₹138 crore and expanded OFS (offer for sale) size from 1.28 crore equity shares to nearly 1.31 crore shares.

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US to release clean fuel tax credit model
Sat, Jan 11, 2025 6:10 PM

US to release clean fuel tax credit model

The U.S. is expected to release by next week a climate model for clean fuel tax credits that will sharply reduce the ability of ethanol producers to access subsidies for production of sustainable aviation fuel, three sources familiar with the matter told Reuters. The exclusion of climate-smart agricultural practices represents a reversal from the last update of the climate model.

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Kohl’s to close 27 stores by April
Sat, Jan 11, 2025 6:10 PM

Kohl’s to close 27 stores by April

Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales. The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership.

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Indian economy likely to be 'a little weaker' in 2025: IMF MD
Sat, Jan 11, 2025 6:10 PM

Indian economy likely to be 'a little weaker' in 2025: IMF MD

IMF Managing Director Kristalina Georgieva expects the Indian economy to be "a little weaker" in 2025 despite steady global growth, citing uncertainty around US trade policy as a major concern, while also noting regional divergence and varying economic performances across countries like the US, EU, Brazil, and China.

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Apple hikes CEO Tim Cook’s compensation 18% to $74.6 million
Sat, Jan 11, 2025 5:55 PM

Apple hikes CEO Tim Cook’s compensation 18% to $74.6 million

Apple CEO Tim Cook's compensation package increased 18% to $74.6 million in 2024, mostly due to a rise in stock award value, according to a Bloomberg report. The hike comes ahead of Apple's Annual General Meeting, where investors will vote on four outside proposals, including Cook's salary. Apple has opposed the other proposals, including one to end its diversity program.

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Stocks to buy under ₹100: Experts recommend three shares to buy on Monday
Sat, Jan 11, 2025 5:54 PM

Stocks to buy under ₹100: Experts recommend three shares to buy on Monday

Despite strong buying in the IT stocks post-TCS Q3 results 2025, the Indian stock market ended in the red territory for the third day in a row. 📌Ola Electric: Buy at ₹72, target ₹77, stop loss ₹69.80 📌Jayaswal Neco Industries: Buy at ₹37.50 to ₹39, targets ₹41.50, ₹44, and ₹47, stop loss ₹35 📌BMW Industries: Buy at ₹51, target ₹55, stop loss ₹49.

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Oil sizzles to 3-month high, US imposes tougher sanctions on Russian crude
Sat, Jan 11, 2025 5:28 PM

Oil sizzles to 3-month high, US imposes tougher sanctions on Russian crude

Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. Brent crude futures settled at $79.76 a barrel, up $2.84, or 3.7%, after crossing $80 a barrel for the first time since Oct.7. U.S. WTI crude futures rose $2.65, or 3.6%, to settle at $76.57 per barrel.

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China's Evergrande Group ordered to repay its property unit
Sat, Jan 11, 2025 5:17 PM

China's Evergrande Group ordered to repay its property unit

China's Evergrande Property Services Group said on Friday a Guangzhou city court has ordered its parent China Evergrande to repay pledge guarantees on deposit certificates totalling 13.4 billion yuan ($1.83 billion). Evergrande Property began legal proceedings against its indebted parent early last year for using its deposits as collateral for pledge guarantees.

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Sudarshan Pharma stock to raise ₹188 crore fund via preferential issue
Sat, Jan 11, 2025 5:03 PM

Sudarshan Pharma stock to raise ₹188 crore fund via preferential issue

Small-cap stock below ₹50: Shares of Sudarshan Pharma Industries Ltd will be in focus on Monday when trading activity begins at 9:15 AM. The small-cap stock priced below ₹50 is one of the multibagger stocks that the Indian stock market has delivered in one year. This multibagger stock has declared the issuance of preferential shares worth up to ₹188.34 crore.

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EMA Partners India SME IPO to open on Jan 17; raise Rs 76 crore
Sat, Jan 11, 2025 5:01 PM

EMA Partners India SME IPO to open on Jan 17; raise Rs 76 crore

Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE's Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a day on January 16, the company said in a statement.

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CLSA initiates  Outperform rating on Hyundai, sets target price of Rs 2,155
Sat, Jan 11, 2025 4:59 PM

CLSA initiates Outperform rating on Hyundai, sets target price of Rs 2,155

Global brokerage firm CLSA has initiated coverage on the recently listed Hyundai Motor India with an Outperform rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker's strong growth prospects and strategic expansion plans, and competitive advantages such as superior unit economics and higher RoCE compared to Maruti.

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