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.

Ajmera Realty & Infra India reported sales value of Rs 270 crore during the quarter ended December 31, 2024, registering seven per cent year-on-year growth. Collections increased by 10 per cent year-on-year to Rs 167 crore during the same period. Its sales area grew by 59 per cent year-on-year to 1,65,116 sq ft.

Penny stock below ₹10: Shares of SRU Steels Limited, a penny stock trading below ₹10, hit their 5 percent upper circuit at ₹8.07 on Thursday, January 9, following the company’s announcement of a board meeting to discuss fundraising proposals. The meeting is scheduled for Monday, January 13, 2025, to evaluate and approve plans aimed at bolstering the company’s financial resources.

Embassy Office Parks REIT has signed a lease agreement with cybersecurity company Rubrik at Embassy TechVillage in Bengaluru, further enhancing the park's appeal as a hub for leading companies. Embassy TechVillage offers world-class office spaces, retail hubs, and recreational facilities, and will soon feature a dual-branded Hilton Hotels.

Religare Enterprises' stock surged 4.72% to ₹295.15 after the Madhya Pradesh High Court dismissed a petition challenging its Annual General Meeting and open offer, clearing the way for the company to proceed with its plans. The New Delhi-headquartered company, with a market capitalization of ₹9,757 crore, has delivered returns of around 21% over the past six months.

Benchmark indices saw selling pressure on Thursday as the Nifty 50 nearly slid below the crucial 23,500 mark, weighed down by global market weakness and dimming hopes of a near-term rate cut by the US Federal Reserve. An outright fall below 23,263 may take a while to evolve, with major supports below seen at 23,000 and 22,260, said an analyst about Nifty levels.

TCS Q3 results: India’s largest IT firm, Tata Consultancy Services Ltd, announced their October to December quarter results on Thursday, Janaury 9. The company announced a 12 per cent rise in net profit to ₹12,380 crore. Tata Consultancy Services Ltd shares closed 1.72 per cent lower at ₹4,036.65 after Thursday’s market session, compared to ₹4,107.50 at the previous market close.

📢Sensex declines 528 points at the close; Nifty ends above 23,500 📈 Domestic benchmark indices closed on a negative note on 9 January 2025. 📢 At 3:30 PM, the Sensex tanked by 528.28 points or 0.68% at 77,600, and the Nifty was down 162.45 points or 0.69% at 23,526.50. 📊Among sectoral, Nifty FMCG (⬆️0.93%) turned out to be the best performer while Nifty Energy (⬇️2.03%) saw considerable selling

CLSA reaffirmed Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout.

Rakesh Damani-led Avenue Supermarts is set to present its earnings report for the third fiscal quarter of FY25 on January 11, 2025. The higher sales growth, as a result of increased store expansions are likely to lead revenue growth in the high teens. According to a Moneycontrol poll of five brokerages, DMart is likely to report a high revenue growth, up 19 percent on-year, at Rs 15,782 crore.

Eyewear startup Lenskart has called on bankers to pitch for the company’s initial public offering (IPO) wherein the firm is aiming to raise anywhere between $750 million and $1 billion, sources in the know told Moneycontrol. “The company is eyeing a valuation of $7-8 billion and is likely to list toward the end of fiscal year (FY) 2026,” one of the persons cited above said.

Foreign portfolio investors (FPIs) resumed their selling streak in January after turning net buyers in December. So far this month, FPIs have sold nearly ₹12,000 crore worth of Indian stocks through exchanges. The change in sentiment reflects the impact of both global and domestic challenges, which is currently affecting overseas investors’ outlook on Indian equities.

The pound dropped to a more than one-year low, stocks fell and gilts extended a fourth day of losses on concern the Labour government will struggle to keep the deficit in check as borrowing costs surge. Sterling fell for a third day, sliding as much as 1% to $1.2239, the lowest since November 2023. Gilts fell sharply at the open, with the 10-year yield rising as much as 13 basis points to 4.92%.

Domestic gas allocations to Indraprastha Gas Limited (IGL) have been increased by 31% effective January 16, boosting the share of domestic gas in the CNG segment from 37% to 51%. This move is expected to significantly improve IGL’s profit margins as it benefits from lower-cost domestic gas. The increase comes after GAIL revised allocations, enhancing supply to meet rising demand.

Singapore's Suntec Real Estate Investment Trust said on Wednesday that investment holding firm Aelios has increased the offer price to buy the REIT's shares it does not already own, valuing Suntec at S$3.48 billion ($2.54 billion). Aelios, owned by billionaire couple Gordon and Celine Tang, raised the offer to S$1.19 per share, up from the previous bid made in December of S$1.16 apiece.