Experts Financial News

Premier Energies are expected to remain in focus on Wednesday, January 15, after the company informed that it has won multiple orders amounting to Rs 1,460 crore from two Independent Power Producers (IPPs) and others. “In accordance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have received and accepted multiple orders aggregating to Rs 1,460 crore from two large Independent Power Producers (IPPs) and others,” the company stated in its exchange filing.

state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official.

Indian equity markets in 2025 especially in the second half as corporate earnings pick up and the euphoria of the Trump Presidency wanes in the US,” says Nishit Master, Portfolio Manager, Axis Securities PMS. In an interview with ETMarkets, Master said: “We expect India to be one of the fastest growing major economies for 2025 which will make it more attractive for FPIs as an investment destination especially since after the recent correction, market valuations have become more reasonable,” Edited excerpts:

Donald Trump prepares to assume office in five days, the cryptocurrency market is experiencing significant activity. Bitcoin recently reached a historic high of $108,200 in December, though it has since consolidated as investors took profits. Trump's perceived pro-crypto stance has generated optimism within the crypto community. His administration is expected to introduce crypto-friendly policies, potentially including the establishment of a national Bitcoin reserve and a more favorable regulatory environment.

IRFC) shares will remain in focus on Wednesday, January 15, after the firm emerged as the lowest bidder (L1) to finance Rs 3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand. The project is being undertaken by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture between NTPC Ltd (holding a 74% equity stake) and Jharkhand Bijli Vitran Nigam Ltd (26% equity stake).

The Nifty futures closed positive with gains of 0.51% at 23,280 levels on Tuesday. The India VIX index declined by 3.30% to 15.47, signaling reduced market volatility.

Adani Energy Solutions shares will remain in focus on Wednesday after the company won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year. In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore.

Vedanta Ltd. creditors will gather next month to give their final verdict on a plan to split the sprawling Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to simplify the group’s structure and help manage its debt burden.

Sampath Reddy, Founder & CIO, Azurean Investment Managers, says mid and smallcap banks or NBFCs or some of the affordable housing lenders may have the potential for much bigger returns, but the risks are also higher there. Within the overall lending space, he would prefer to stick to the larger private sector banks compared to NBFCs and other lenders. What is your reading of the market? Do you think much of the global and domestic parameters are in the price or could there be some more downticks in the days to come? Sampath Reddy: It is a little difficult to say how the excess valuation that is there in the mid and smallcap segments will be readjusted. Even with the yesterday's fall or last few days' fall, mid and smallcap companies, broader valuations of that segment as such still on the higher side, whether it will be a prolonged time correction or an accelerated growth in earnings, which way it will bring the overall multiples of the mid and smallcap segments is difficult to say but at this point of time with whatever the correction that we have seen so far, largecap segment looks very-very attractive.

Delhi Chief Minister Atishi, who replaced Arvind Kejriwal after his resignation in September last year, filed her nomination on Tuesday for the upcoming Assembly polls, declaring a net worth of Rs 76.93 lakh, with no car or house to her name, according to document submitted to Election Commission.

Adani Green Energy shares will be in focus on Wednesday, January 15, after Adani Renewable Energy Forty-Eight Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL), announced the commissioning of a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With this addition, AGEL’s total operational renewable generation capacity has risen to 11,666.1 MW, the company said in a regulatory filing. The plant is set to commence power generation on January 15, 2025, following the relevant clearances.

Raja Krishnamoorthi, have introduced a resolution in the US House of Representatives to designate January as Tamil Language and Heritage Month. The resolution coincided with the beginning of Pongal, a major Tamil festival.

CESC and PCBL’s record date set for the interim dividends set as January 16, today makes it the last day for the investors to buy the shares of these companies in order to ensure their shareholding in the company's books for the eligibility to receive the said dividends. With the T+1 settlement system, the record date and ex-date usually fall on the same day. However, if a market holiday occurs immediately after the ex-date, they may differ.

U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in March 2022. In a complaint filed in Washington, D.C., federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 million.

Gold prices were subdued on Wednesday as investors remained cautious ahead of the U.S. consumer price inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory. FUNDAMENTALS

Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks oscillated between gains and losses throughout the day. Equities received an initial lift from a Labor Department report that showed the producer price index rose less than expected in December, although the report failed to materially affect expectations about the Federal Reserve's likely path of monetary policy this year.

Stocks that were in focus include names like Angel One, which fell 3.1% and HDFC Life, which rose 0.2% and Network18, whose shares gained 3% on Tuesday.

earnings season is underway and about 24 companies will announce their quarterly numbers on Wednesday. Key results to watch out include from HDFC Life, L&T Tech and Bank of Maharashtra. Apart from the above, companies like CEAT, Nelco, Oriental Hotels, Indiabulls Enterprises, Aeroflex Industries, Oracle Financial and several others will also declare their results.

The greenback was stabilising in the early Asian session after falling overnight and edging away from a more than two-year peak hit against a basket of currencies at the start of the week.

Rachel Accurso, widely known as Ms. Rachel, is bringing her educational videos to Netflix. The first set of episodes is set for release on January 27, 2025.