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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SNB Will Resume Payouts to State Coffers After Record Profit
Sat, Jan 11, 2025 1:07 PM

SNB Will Resume Payouts to State Coffers After Record Profit

The Swiss National Bank anticipates a profit of about 80 billion francs ($88 billion) for 2024, a record result that will allow the institution to resume payouts to state coffers. Annual income from the central bank’s pile of foreign exchange reserves, accrued as a result of its years of purchases to weaken the franc, totaled around 67 billion francs, it said Thursday.

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MCX gold rate climbs 1.4% this week despite Fed’s dovish stance on rate cut
Sat, Jan 11, 2025 1:01 PM

MCX gold rate climbs 1.4% this week despite Fed’s dovish stance on rate cut

Gold price today: Despite the US Fed’s signalling rate cut at a slower pace amid sticky US inflation and a strong labour market, the MCX gold rate registered gains for the third week in a row. Gold futures contract on MCX for February 2025 expiry finished at ₹78,400 per 10 gm, logging around ₹1,080 per 10 gm or 1.40 per cent rise in one week.

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Wall Street falls as jobs data stokes inflation fears
Sat, Jan 11, 2025 12:48 PM

Wall Street falls as jobs data stokes inflation fears

U.S. stocks tumbled, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears and reinforced bets that the Fed will be cautious in cutting interest rates this year. At 02:00 p.m. the DJIA fell 482.30 points, or 1.13%, to 42,154.37, the S&P 500 lost 55.59 points, or 0.94%, to 5,862.66 and the Nasdaq Composite lost 187.52 points, or 0.96%, to 19,291.03.

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Just Dial Q3 Results 2025 on 11 Jan, 2025: Profit Rise by 42.71% YOY
Sat, Jan 11, 2025 12:45 PM

Just Dial Q3 Results 2025 on 11 Jan, 2025: Profit Rise by 42.71% YOY

Just Dial Q3 Results 2025:Just Dial declared their Q3 results on 10 Jan, 2025. The topline increased by 8.41% & the profit increased by 42.71% YoY. Profit at ₹131.31 crore and revenue at ₹287.33 crore. As compared to the previous quarter, the revenue grew by 0.88% and the profit decreased by 14.77%. The Selling, general & administrative expenses declined by 0.77% qoq & decreased by 2.99% YoY.

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CESC Q3 Results 2025 on 11 Jan, 2025: profit falls by 5.69% YOY
Sat, Jan 11, 2025 12:44 PM

CESC Q3 Results 2025 on 11 Jan, 2025: profit falls by 5.69% YOY

CESC's Q3 results show a 9.77% revenue increase to ₹3561 crore, but a 5.69% profit decline to ₹265 crore year-over-year. Quarter-over-quarter, revenue and profit decreased by 24.23% and 24.93%, respectively. The stock has delivered negative returns in the last week, six months, and year-to-date. CESC holds a market capitalization of ₹22520.12 crore with a Strong Buy consensus recommendation.

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