India Financial News

Reliance Power shares will remain in focus on Thursday after its subsidiary, Sasan Power Ltd, made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024 This repayment will strengthen Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, according to a company statement issued on Wednesday.

Indian imports to the US. One of the few recognizable threads knitting together the tangle that is Trump’s long tenure in public life is a disdain for “unfair” tariffs. India is often singled out for failing to reciprocate America’s generally low import taxes. If India charges us 100 per cent tariffs, Trump asked, do we charge them nothing for the same goods? Also Read: Trump's another stark warning to India puts a lot at stake

The BSE Sensex rose 120.10 points, or 0.15%, to 78,627.51, while the Nifty50 advanced 20.61 points, or 0.09%, to 23,763 as of 9:31 am.

NMDC, India's largest iron ore miner, is in the spotlight after reporting a 5.1% year-on-year (YoY) increase in iron ore production for December 2024, reaching 4.71 million tonnes (MT) compared to 4.48 MT in the same month last year. However, the company's iron ore sales declined by 6.7% YoY to 3.91 MT, down from 4.19 MT in December 2023.

Akash Deep was on Thursday ruled out of the the fifth and final Test against Australia starting here on Friday owing to a stiff back. Akash had taken five wickets from two Tests in Brisbane and Melbourne so far. He was a bit unlucky to not get more as multiple catches were dropped off his bowling during the two games.

Gautam Gambhir on Thursday said he has had some «honest» conversations with his players as only performance can help them stay in the set-up. Amid reports of unrest in the dressing room, Gambhir sought to douse the fire by declaring that they were «just reports, not truth».

Telugu Desam Party (TDP) national president N Chandrababu Naidu is planning to revive his party in Telangana and step into this year’s local body elections in Greater Hyderabad Municipal Corporation.

Puneet Khurana, who died on Tuesday in Model Town, following allegations that marital discord and mental harassment by his wife and her family led to his death.

Dipan Mehta, Director, Elixir Equities, says the earning season and the Trump presidency are the two important events or trends to look out for in 2025. Mehta is hoping for the best because the September quarter was pretty disappointing. Be it a mild turnaround in December quarter or a continuation of September quarter – that will determine the trend for the market. The market can go either which way. It can rally back up to its all-time highs or correct further from these levels. Mehta also says that there is a good trading opportunity within the banks, especially tier II PSU banks. He is more positive on them than the private sector banks, but it is a short term, maybe a few months, one or two quarter type of a play. In the medium to long term, he is underweight banks.

Mahindra Group Anand Mahindra shared a video on X and answered the question.

Siddaramaiah has rejected the BJP's demand for the resignation of Minister Priyanka Kharge in connection with the suicide of a contractor. He described the demand as an allegation driven by political hatred.

Ahead of the listing, the company's shares were trading with a GMP of Rs 6 in the grey market, reflecting a bullish trend in the unlisted market.

record date for its 1:2 bonus share issuance set for tomorrow, January 3, KPI Green Energy shares are expected to garner significant attention in Thursday's trading session. Therefore, the investors must purchase shares today to qualify for the aforementioned bonus issue.

Subscribe to enjoy similar stories. India’s government recently released the findings of its 2023-24 survey of household consumption expenditure and expressed satisfaction at the seeming narrowing of spending gaps in society at large and between rural and urban populations. Such changes would, of course, be desirable.

The retail portion of the issue was subscribed at 45.76 times, while the issue was subscribed 131.84 times in the non-institutional investors category. The allocation for qualified institutional bidders was booked 11.96 times.

Tata Motors are expected to remain in focus on Thursday as the company reported a 1% year-on-year growth in its December 2024 sales numbers at 76,599 units versus 76,138 units in the year ago period. Meanwhile, Tata Motors domestic and international sales for Q3FY25 stood at 2,35,599 vehicles, compared to 2,34,981 units during Q3FY24. It was up by 0.26% on a YoY basis.

Keerthy Suresh, who recently tied the knot with her long-time boyfriend Antony Thattil on December 12, 2024, has been making waves for her professional commitments and her unique post-wedding appearances. The actor, amidst her promotional spree for Baby John, has been spotted wearing a turmeric thread around her neck instead of a traditional mangalsutra, sparking curiosity among fans.

Garware Technical Fibres may grab attention in Thursday’s trading session as the stock is approaching its record date tomorrow for the purpose of determining the shareholder eligibility for its 4:1 bonus share issuance. This makes today the last day to buy the shares of the company to be able to qualify for the said bonus issue.