India Financial News

29.01 / 06:13

markets Analysis Software trends Trade Experts country Anant Raj shares hit 10% upper circuit after issuing clarification amid AI industry concerns

Anant Raj surged 10% during the intraday session, hitting their upper circuit at Rs 587.85 on the BSE, following the company’s clarification regarding its business model in light of developments in artificial intelligence (AI) technology, specifically the announcement of a low-cost AI model by Chinese company DeepSeek. The clarification, issued on January 28 after market hours, aimed to reassure investors about the company’s operations and its outlook for the data center industry amid the growing influence of AI.

29.01 / 06:13

markets Digital Strategy Experts RAI PAM Bangalore hate Delhi people? Bengaluru vs Delhi debate heats up after Reddit user claims Delhiites are seen as 'rude and uncultured'

Delhiites, with many discussing whether people from the national capital are really as “rude and uncultured” as they are often perceived—especially in Bengaluru.

29.01 / 06:13

markets Target Booking Manufacturing Analysis Trade Experts Kaynes Technology shares rally 9% as Jefferies upgrades to buy rating, sees 6% upside

Kaynes Technology India jumped as much as 9% on Wednesday, reaching Rs 5,085.25 on the BSE, after Jefferies upgraded the stock to ‘Buy’ from ‘Hold’. This upgrade came despite the brokerage slashing its target price to Rs 5,400, implying a potential upside of 6% from current levels. Jefferies’ upgrade follows a sharp 28% correction in the stock over the past month, which the brokerage views as overdone. Jefferies noted that Kaynes Technology remains the most backward-integrated Indian Electronics Manufacturing Services (EMS) player, providing it with a competitive edge in the industry. The company’s core manufacturing operating margin stands at 14-15%, significantly higher than its peers.

29.01 / 06:13

markets Digital Strategy Yellow Experts Celebrity PAM Basant Panchami 2025: When is Vasant Panchami, Saraswati Puja? Check date, time, significance, rituals and mantras

29.01 / 06:13

markets UPS Target Analysis Trade Experts recommendations Exide Industries shares jump over 5% post Q3 earnings

Exide Industries rose more than 5% to Rs 361.3 in Wednesday's trade on the BSE, despite a 22% decline in consolidated net profit to Rs 158 crore for Q3 FY25, compared to Rs 203 crore in the same period last year. Revenue from operations rose to Rs 4,017 crore in the third quarter, up from Rs 3,980 crore in the year-ago period.

29.01 / 06:13

markets Merit students Justice reports Courts rights Medical PG admissions must be based on 'merit', rules Supreme Court

residence-based reservations for postgraduate (PG) medical seats are unconstitutional, violating Article 14 of the Constitution, LiveLaw has reported.

29.01 / 06:13

markets Provident Digital Strategy Experts PAM budget 2025 Essential Skills Act: The must-have for Viksit Bharat in Budget 2025

India Budget: “Demography is destiny,” a phrase attributed to the renowned French philosopher and sociologist Auguste Comte nearly three centuries ago, highlights the impact of population size and composition on a nation’s future. A young skilled population can provide significant demographic dividends, driving economic growth and prosperity. Conversely, an unskilled young demography can continue to be a growth-drag.

29.01 / 06:13

markets UPS Analysis Trade Experts Updates Pharmaceuticals Stock market update: Nifty Pharma index advances 1.0% in an upbeat market

Laurus Labs Ltd.(up 4.73 per cent), Glenmark Pharmaceuticals Ltd.(up 2.98 per cent), Ajanta Pharma Ltd.(up 2.82 per cent), Biocon Ltd.(up 2.77 per cent) and Granules India Ltd.(up 2.64 per cent) were among the top gainers.

29.01 / 04:21

markets Target security Analysis Trade Experts reports Reduce Indian Oil, target price Rs 124: HDFC Securities

HDFC Securities has a reduce call on Indian Oil Corporation with a target price of Rs 124. The current market price of Indian Oil Corporation is Rs 122.25. Indian Oil, incorporated in 1959, is a Large Cap company with a market cap of Rs 173550.02 crore, operating in the Gas & Petroleum sector. Indian Oil Corporation's key products/revenue segments include Petroleum Refinery Products, Other Operating Revenue, Scrap, Sale of services and Subsidy for the year ending 31-Mar-2024.

29.01 / 04:21

markets Airlines Strategy PAM Department Courts US court blocks Biden administration's airline fee disclosure rule

Biden administration's 2024 rule requiring upfront disclosure of airline service fees, saying the Transportation Department had not complied with procedural rules.

29.01 / 04:21

markets UPS Provident Extreme Assurant gatherings prevention Mahakumbh stampede: Congress, SP and AAP leaders express grief over alleged death of devotees

Maha Kumbh in Prayagraj, where a stampede was reported on Wednesday.

29.01 / 04:21

markets UPS Digital Strategy President PAM Kumbh News: What's the significance of Mauni Amavasya 'Amrit Snan' and what led to the overcrowding at 1 AM

29.01 / 04:21

markets Strategy Continental President Experts track Donald Trump orders 'Iron Dome' for US, but freezes funds for nuclear protection

White House said «directs the building of the Iron Dome missile defense shield for America.»

29.01 / 04:21

UPS Actor band show performer concert singer Vijay Deverakonda returns the favour after Telangana joke by Coldplay's Chris Martin

Coldplay recently concluded their performances in India, with their final concert taking place in Ahmedabad over the weekend. During the show, lead singer Chris Martin playfully claimed to be from Telangana, a remark that quickly caught the attention of actor Vijay Deverakonda.

29.01 / 04:21

markets Target Analysis Research Trade Experts recommendations Stocks to buy today: Tata Steel, JK Cement among top 9 trading ideas for January 29, 2025

Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty futures closed positively with gains of 0.63%, reaching 22,990 levels on Tuesday. India VIX closed at 18.20 in the previous trading session.

29.01 / 04:21

markets security Analysis Research Trade Experts hospital ITC Hotels shares to debut on stock exchanges today, listing price expected between Rs 140-175

ITC shareholders, shares of ITC Hotels would list on stock exchanges on Wednesday morning with brokerages expecting that the new stock could list between Rs 140-175 per share. «Comparable peers, Indian Hotels and EIH Ltd are currently trading at an FY26E EV/EBITDA multiple of 31.0x and 21.2x, respectively. Using an FY26E EBITDA estimate of Rs 1,458 crore, we anticipate ITCHL's listing to occur at an EV/EBITDA multiple of 20.0x-25.0x, implying a market capitalization range of Rs 29,163 crore to 36,454 crore. This would result in a potential listing price in the range of Rs 140-175 per share,» Deven Choksey said.

29.01 / 04:21

markets UPS Analysis Trade Experts track reports Sensex jumps nearly 300 points; Nifty above 23K; all eyes on Fed meet outcome

Sensex and Nifty 50, opened higher for the second consecutive session on Wednesday, led by IT and financial stocks, ahead of the U.S. Federal Reserve's rate decision later in the day and the Union Budget this weekend. As of 9:18 am, the BSE Sensex was up by 295 points, or 0.39%, at 76,182, while the Nifty 50 gained 77 points, or 0.33%, trading at 23,034.

29.01 / 02:29

markets security Analysis trends Trade Experts recommendations Stocks to buy today: Bajaj Auto, Tata Motors and Maruti on investors' radar

Stocks that were in focus include names like Bajaj Auto, which rose 0.3% and Tata Motors, which gained 3% and Maruti, whose shares increased 0.9% on Tuesday.

29.01 / 02:29

markets Analysis trends Trade Experts blues reports Q3 results today: Bajaj Finance, Maruti among 94 companies to announce earnings on Wednesday

earnings season is underway and about 94 companies will announce their results on Tuesday. Key results to watch out include from Bajaj Finance, Maruti, Tata Motors, Adani Power and Ambuja Cements. Apart from the above, companies like Blue Dart, CAMS, CarTrade Tech, Fino Payments Bank, Gujarat Fluorochemicals, Indian Bank, KPIT Technologies, Olectra Greentech, Quess Corp and a few others will also declare their quarter results.

29.01 / 02:29

markets IPO Analysis Healthcare Trade Experts band Dr Agarwal's Healthcare IPO opens for subscription as GMP remains muted. Should you subscribe?

Dr Agarwal's Healthcare IPO opened for subscription earlier today. The issue, which has a high OFS component worth Rs 2,727 crore out of the total offering of Rs 3,027 crore, will be available for investors to bid till January 31.

29.01 / 02:29

markets Google Racing wellness country blues innovations DeepSeek: A whale of a story of frugal innovation rattles tech world

OpenAI was founded as a lab in 2015 to take on the perceived dominance of Google in AI. Its meteoric rise over the last three years however made its dominance unchallengeable. But, Chinese LLM maker DeepSeek’s launch of its reasoning model R1 last week has challenged not just the dominance of OpenAI but has also questioned America’s supremacy in the global AI race.

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