India Financial News

Indian markets are likely to trade lower on Tuesday tracking muted global cues. Benchmark indices closed lower in the previous trading session. Sectorally, buying was seen in FMCG, IT, telecom and healthcare stocks while selling was seen in auto, capital goods, metal and realty stocks on Monday.

Cummins India Ltd. traded at Rs 3229.40 on BSE at 10:09AM (IST) on Tuesday, 0.21 per cent from previous close. The scrip quoted a 52-week low price of Rs 1928.70 and a high of Rs 4169.50.

ITC Hotels comes into effect from tomorrow, January 1, but the record date for ITC shareholders would be January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company.

H-1B visa holders in the United States. Multiple ministries, including External Affairs, Commerce, and Information Technology, are working to ensure that Indian professionals working legally in the US are not subjected to unpleasant situations.

2025 holds great opportunities for the markets and investors and definitely promises to be a very eventful year with Donald Trump at the helm as he has the mandate to take decisions which no US President has taken in the last 50 years, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Trump’s 'MAGA' policy is expected to hurt China while benefiting India, he opines. Excerpts:

“With the continued momentum in the markets, we now project that equity raised through IPOs will cross Rs 2 lakh crore in the year 2025 as mentioned in our Calendar year report,” says Mahavir Lunawat, MD, Pantomath Group. In an interview with ETMarkets, Lunawat said: “In 2025, sectors like Consumer Technology, Telecommunications, Financial Services, Electric Vehicles, Healthcare, Logistics, new-age tech startups and Manufacturing are set to dominate IPO activity, driven by favorable market conditions and policy support,” Edited excerpts: How has the Indian IPO market managed to outperform global markets, especially those in the US, Japan, and China?

Gunaah Season 2, where betrayal and revenge take centre stage, to the emotionally powerful Lockerbie: A Search for Truth, based on a real-life tragedy, these offerings promise to captivate. Fans of thrilling mysteries can look forward to Missing You, while Don’t Die: The Man Who Wants to Live Forever offers a fascinating documentary about defying mortality. Whether you're into action, romance, or thought-provoking stories, there's something for everyone this season.

Rail Vikas Nigam (RVNL) are expected to remain in focus on Tuesday as the company informed that it emerged as the lowest (L1) bidder for a project worth Rs 137.16 crore for the Bhusaval-Khandwa Sections of Central Railway. “In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Central Railway for Design, Supply, Erection, Testing & Commissioning of 132/55 KV Traction Substation, Sectioning post (SPs) and Sub sectioning post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval — Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode,” said the company in an exchange filing.

influencers to sell products.

National Investigation Agency (NIA) on Monday conducted searches at three locations in the Chatra district of Jharkhand in connection with a CPI (Maoist) splinter group conspiracy case.

Hindalco shares will remain in focus on Tuesday after the Aditya Birla Group’s metals flagship announced it has received a vesting order for the Meenakshi Coal Mine allocation in Odisha from the Ministry of Coal. This milestone follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a significant step in Hindalco’s efforts toward resource securitization, energy efficiency, and sustainable growth. In a regulatory filing, the company stated that it expects coal production to commence in CY2028, subject to the receipt of regulatory clearances and requisite approvals.

buy call on JSW Infrastructure with a target price of Rs 375. The current market price of JSW Infrastructure is Rs 322.2. JSW Infra, incorporated in 2006, is a Small Cap company with a market cap of Rs 67830.05 crore operating in Shipping sector. JSW Infrastructure's key products/revenue segments include Cargo Income for the year ending 31-Mar-2024.

Oil prices rose in early trade on Tuesday after data showed China's manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower due to demand concerns in top consuming countries. Brent crude futures rose 47 cents, or 0.7%, to $74.46 a barrel as of 0130 GMT. U.S. West Texas Intermediate crude gained 49 cents, also 0.7%, to $71.48 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.6%.

National Conference legislator Tanvir Sadiq on Monday lashed out at the BJP for not restoring public holidays on birth anniversary of Sheikh Muhammad Abdullah and Martyrs Day of Kashmir.

Adani Wilmar shares will be in the spotlight on Tuesday as Adani Enterprises (AEL) is set to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL plans to redirect the funds toward its core infrastructure platforms, including energy, utilities, transport, and logistics. Singapore-based Wilmar is seeking strategic investors to replace Adani in the venture.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

The issue is a mix of fresh issue of shares along with an offer for sale (OFS) component.

Indian Space Research Organisation (ISRO) is preparing for the launch of the NVS-02 satellite in January 2025, aboard the Geosynchronous Satellite Launch Vehicle (GSLV), said ISRO Chairman S Somanath.

The net proceeds from the fresh issue would be utilized for funding capital expenditure requirements for setting up a new plant, debt repayment, and general corporate purposes.

Pakistan People's Party Member of National Assembly Mirza Ikhtiar Baig on Monday (local time) said that his party would oppose the proposed Tax Amendment Bill, which aims to freeze the bank accounts of non-filers.