Experts Financial News

10.01 / 10:51
markets Digital Booking Strategy Experts PAM Courts In public interest: SC opens doors to people for guided tours
An official said, «Opening of the secured apex court premises will provide a great opportunity to the public to gain inside access to the interiors of the building and admire the majestic structure in its full glory.» A circular issued on January 9 by Registrar Mahesh T Patankar (court and building) read, «In pursuance of the directions of the competent authority, the guided tour shall be conducted on every working Saturday, except second and fourth Saturdays and declared holidays in four slots from 10 am to 11.30 am; 11:30 am to 1 pm; 2 pm to 3.30 pm and 3.30 pm to 5 pm.»
10.01 / 10:17
markets Digital security Strategy Experts PAM Vedanta Resources gets $300 million loan commitment for debt refinancing
miner Vedanta's parent on Friday said it has secured commitments from Barclays, First Abu Dhabi Bank, and Mashreq totaling $300 million in loan tenors of 3 years and 3 months. The proceeds will be used for refinancing some outstanding 2024 and 2026 bonds and for meeting other debt servicing obligations, Vedanta Resources said in an exchange filing. The company is looking to upsize the deal and is in advance discussions with other banks for additional loans of $200 million, it said.
10.01 / 10:17
Booking security Analysis Research Trade Experts Indus Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues
Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited («Indus») representing 3.0 per cent of Indus' outstanding share capital through an accelerated book build offering on 5 December 2024," the filing said.
10.01 / 10:17
markets Citi Digital Strategy Experts PAM Courts How a lone farmer halted Unitech's construction in Noida project
Unitech's Express City housing project, claiming ownership of a 7,000 square meter plot. Sukhpal Singh asserts the land, located within the project's sectors 96, 97, and 98, belongs to him and was never acquired by the Noida Authority. The project, delayed for nearly a decade due to Unitech's financial and operational issues, resumed construction last September under new management appointed by the Supreme Court. The disputed plot falls within Unitech’s “The Willows” project, which includes developed plots and requires infrastructure like roads. Singh states he notified officials about his plot's location within the project boundary. The district administration demarcated his plot within the project area around 2016-2017. Construction work stalled, leaving his plot undisturbed. Singh noticed excavation for a road on Thursday and halted the work, informing the district administration. “My demand is that either an approach (road to my plot) is provided, or my land parcel is shifted to another portion of the project along the existing road where Unitech has no issue. Since the allotment, we were not able to do farming on this land. But, at the same time, Unitech also did not interfere,” Singh said.
10.01 / 10:17
Target Analysis Trade Experts track reports GMM Pfaudler shares may rally 89%, believes Ambit, initiates coverage with Rs 2,400 target
GMM Pfaudler, domestic brokerage firm Ambit has initiated coverage on the stock with a «Buy» rating and a 24-month target price of Rs 2,400, suggesting a substantial 89% upside for the stock. “GMM trades at 30x FY26E P/E (12x EV/EBITDA), a 25-35% discount to its peers given earlier growth/margin issues due to deceleration in end-user capex. Valuations should re-rate with end-user capex uptick driving earnings rebound. We bake in 9%/12%/14% rev/EBITDA/FCF CAGR and expect GMM to scale 5x over FY24-41E (7x, FY19-24),” said Ambit in its report.
10.01 / 10:17
markets COST Digital Strategy Experts PAM reports Prateek Group to invest Rs 2,000 cr to build luxury housing project in Ghaziabad
Prateek Group will invest over Rs 2,000 crore to develop a luxury housing project at Siddharth Vihar in Ghaziabad as part of its expansion plan amid strong consumer demand. The company on Friday announced launch of its new project 'Prateek Grand Begonia', spanning around 15 acre and comprising 2,400 flats. «We have already developed and delivered 4,500 flats in Siddharth Vihar. We are now starting a new housing project which is suitable for both end users and investors,» Prateek Group CMD Prashant Tiwari told reporters here. The company will sell 1,200 flats in the first phase. It will take only 30 per cent of the cost from customers at the time of booking and the remaining 70 per cent at the time of possession.
10.01 / 09:33
markets Digital Strategy Experts RAI PAM Department Bihar public holidays 2025 announced: Check Bihar state govt holiday list for the year 2025
The government circular released on October 3 stated that, “In state government secretariat departments and directorates, a five-day workweek system will remain in effect. For regional offices (including divisional commissioner offices, offices of chief engineers, etc.), a six-day workweek system will remain in effect. In the year 2025, due to the occurrence of both the 358th and 359th birth anniversaries of Guru Gobind Singh Ji, holidays have been declared for both dates.” Also read: Central government holiday list 2025
10.01 / 09:33
markets UPS Digital Strategy Experts PAM Gold demand in India slows, Lunar New Year fuels interest in other hubs
Gold discounts in India rose this week as consumers refrained from buying as local prices hit a month's high, whereas the upcoming Lunar New Year festival stimulated gold buying activity in other major Asian markets. Indian dealers offered a discount of up to $17 an ounce to official domestic prices, inclusive of 6% import and 3% sales levies, up from the last week's discount of $14 an ounce. «Prices are high, so buyers are holding off on purchases. Anyway, the inauspicious Khar Mass (month in Hindu calendar) is still going on,» an Ahmedabad-based jeweller said.
10.01 / 09:33
markets Digital Strategy Experts PAM country information Interpol issues first Silver Notice, it enables tracing illicit wealth laundered across borders
Interpol has issued its first Silver Notice to locate assets laundered across borders as part of a pilot project in which India is also a participant, the global body said Friday. In its response to a PTI query on the notice, the Interpol said in a statement it has issued the first Silver Notice on the request of Italy which has sought information about the assets of a senior mafia member. The Lyon-based international police cooperation organisation said the pilot project has participation from 52 members including India. At present, the Interpol has eight types of colour-coded notices which allows a member country to seek specific kind of information worldwide. The Red Notice allows a country to request the detention of fugitive living in another country.
10.01 / 09:33
markets Target Digital Strategy Food Experts PAM Govt sets wheat procurement target at 30 MT for 2025-26 season
wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season, sources said. The lower procurement target comes despite the Agriculture Ministry aiming for a record wheat production of 115 million tonnes in the 2024-25 crop year (July-June). For the 2025-26 rabi marketing season starting April, the minimum support price for wheat has been fixed at Rs 2,425 per quintal. The procurement target was set following discussions with state food secretaries, the sources added.
10.01 / 09:33
markets Digital ETF SUN Strategy Experts 34 mutual fund NFOs mobilised Rs 13,852 crore in December
mutual fund NFOs have mobilised Rs 13,852 crore in December of which 33 were open-ended funds and one was close-ended fund. Among the 33 open-ended funds, 12 were index funds and sectoral/thematic funds each. Two schemes each were from long duration, multi asset allocation, and other ETFs each. In December, one multi cap,arbitrage, and children’s fund were launched. Also Read | Only one equity mutual fund category offered positive return last month. Should you rejig allocation strategy?
10.01 / 09:33
markets Digital Strategy Experts PAM reports Department New Isro chief reveals the missions he will be focussing on
V Narayanan is set to take over as Isro chairman on January 14. He will also serve as secretary of the Department of Space and chairman of the Space Commission, succeeding S. Somanath. While talking to reporters, he recently revealed the missions he will be focussing on. Narayanan outlined several key projects for ISRO, including Chandrayaan-4, a mission to return lunar samples; Gaganyaan, a human spaceflight program; and the development of a space station. «We have already charted our programmes for a year or two, and these include series of experiments for human missions… We will be conducting a docking experiment of the SpaDex satellite, which is crucial for Chandrayaan and space station missions. This month-end, we plan to launch the second series of navigation satellites using a GSLV,» he told reporters on Wednesday.
10.01 / 09:33
markets Citi Digital Strategy Trade Experts PAM Indian Gas Exchange seeks regulatory nod to launch 3-6 month contract
Indian Gas Exchange (IGX) is looking for regulatory approval to launch a 3-6 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday. «We are awaiting a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board),» Mediratta told reporters at a press conference. IGX, a unit of Indian Energy Exchange, currently has intraday, dayahead, daily, and fortnightly contracts.
10.01 / 09:33
markets Digital Strategy Align Experts PAM Destinations budget 2025 How Budget 2025 can help bring more NRI money back home
Budget 2025 approaches, Non-Resident Indians (NRIs) are keenly watching for reforms that could make India a more attractive destination for their investments. By addressing key challenges in taxation and simplifying regulatory processes, the budget has the potential to boost inward remittances and encourage NRIs to invest more confidently in India.
10.01 / 08:35
markets security Analysis Research Trade Experts reports Ashok Leyland shares 2.11% as Nifty drops
Ashok Leyland Ltd. traded 2.11 per cent in Friday's trade at 01:38PM (IST). Around 300,728 shares changed hands on the counter. The scrip opened at Rs 214.15 and touched an intraday high and low of Rs 214.45 and Rs 207.60, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 264.70 and a 52-week low of Rs 157.65.
10.01 / 08:35
Booking security Analysis Research Trade Experts reports Tata Power shares 1.93 per cent in Friday's trading session
Tata Power Company Ltd. 1.93 per cent to Rs 360.00 in Friday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23507.2, 19.3 points. The scrip had closed at Rs 367.10 in the previous session. The stock quoted a 52-week low of Rs 335.30 and a high of Rs 494.85. The company quoted a market-cap of Rs 115160.04 crore on the BSE.
10.01 / 08:35
markets UPS Analysis Enterprise Trade Experts rights Fundraising from capital markets to jump 21% to over Rs 14 lakh crore in FY25: Madhabi Puri Buch
markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. «If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt,» Buch said addressing a NISM-organised conference here.
10.01 / 08:35
markets Digital Strategy Remark Experts PAM track SBI Chairman pitches for dedicated institutions to track end-use of funds raised by small businesses
State Bank of India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses. A «viable mechanism» is needed to ensure that the funds are used for the intended purposes, Setty said in remarks which come amid heightened concerns on the subject of end-use of funds. «We will require a viable mechanism to track the actual use of these funds to ensure that the funds are utilised for the purposes they have been raised for, probably through the establishment of a separate market infrastructure institution with powers to track the use of borrowed funds or the funds raised through equities,» Setty said. Addressing a conference organised by the Sebi-promoted NISM here, Setty said the creation of such a platform will provide comfort to lenders as well as investors, and make pricing more competitive.
10.01 / 08:35
markets security Analysis Research Trade Experts show Share price of Chola Inv Finance as Sensex drops 23.09 points
Cholamandalam Investment & Finance Company Ltd. 2.27 per cent to Rs 1258.05 at 01:43PM (IST) in Friday's trade. The scrip has hit a high of Rs 1290.00 and low of Rs 1239.60 so far during the session. The stock had closed at Rs 1287.35 in the previous session. The counter has had a total traded volume of 28444 shares so far with a value of Rs 3.55 crore on the NSE. It traded at a price-to-earnings multiple of 27.44 and a price-to-book ratio of 4.96.
10.01 / 08:35
markets security Analysis Research trends Trade Experts Share price of DLF as Nifty
DLF Ltd. 2.41 per cent to Rs 761.15 in Friday's trade as of 01:48PM (IST). The stock hit a high price of Rs 783.45 and low of Rs 752.30 during the session. The return on equity (ROE) for the stock stood at 6.91 per cent. Traded volume on the counter stood at 01:48PM shares and turnover at Rs 2.66 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 967.00 and 52-week low prices of Rs 689.90, respectively.
10.01 / 08:35
markets Digital Strategy community Trade Experts Features Regret not buying Bitcoin early? These new altcoins could redeem you
To attract and retain attention, cryptocurrencies need to bring something new and useful to the table. Here are three new altcoins that fit the criteria: 1. Wall Street Pepe: ‘Little guys’ unite against the whales

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