Rights Financial News

Tata Technologies will report its third quarter later on Tuesday. The company likely had a subdued quarter with flattish revenues and expected decline in the bottomline. JM Financial estimates the revenues to rise by a marginal 0.3% year-on-year (YoY) to Rs 1,301 crore, while another brokerage Kotak Equities sees the same to grow by 0.2% YoY to Rs 1,292 crore.

Stallion India Fluorochemicals IPO received overwhelming response from investors as the issue was subscribed nearly 188 times. This strong demand was led by non-institutional investors and institutional investors, even though retail investors were not too far behind. The share allotment for Stallion India Fluorochemicals will be available for investors late on Tuesday. Investors can check the Laxmi Dental IPO allotment status through BSE and also via the registrar's website.

Subscribe to enjoy similar stories. As Donald Trump starts his second innings as US president, the world waits with bated breath—and nervously—to see if he will translate his disruptive campaign ideas into action. Mint looks at how his policies could play out for the world’s largest democracy.

Planned Parenthood president and women's rights advocate Cecile Richards lost her battle with brain cancer and died on Monday. She was sixty-seven. Richards made the enormous reproductive healthcare organization a political force and advocated for the right to an abortion.

Subscribe to enjoy similar stories. SINGAPORE—China suggested it was willing to work with Donald Trump to keep TikTok operating in the U.S. The Chinese Foreign Ministry said Monday that companies can make their own decisions on operations and acquisitions, a reversal of the government’s previous position that it would block any forced sale of TikTok.

Storch Advisors CEO and former Toys«R»Us and Target executive Gerald Storch reacts to a strong November retail report and explains how industry winners are 'value-based' players.

Vedanta Resources Ltd's (VRL) long-term foreign-currency issuer default rating following a «significant reduction» in the company's refinancing risks. The rating agency upgraded VRL's senior unsecured rating to 'B+' from 'B-' and also changed the outlook to stable, according to a statement. Besides, it has upgraded «the ratings on the USD 300 million June 2028 bonds and USD 500 million December 2031 bonds, issued by VRL's subsidiary Vedanta Resources Finance II Plc (VRF2), and unconditionally and irrevocably guaranteed by VRL, to 'B+' from 'B-' with Recovery Rating of 'RR4',» the statement said.

Joe Biden has pardoned Dr. Anthony Fauci, retired Gen. Mark Milley and members of the House committee that investigated the Jan. 6 attack on the Capitol, using the extraordinary powers of his office in his final hours to guard against potential «revenge» by the incoming Trump administration.

Subscribe to enjoy similar stories. WASHINGTON—The last time Rebecca Lavrenz was here she was in a federal courtroom, standing trial for her participation in the insurrection at the U.S. Capitol on Jan.

Subscribe to enjoy similar stories. Not so long ago, Mark Zuckerberg [seemed to want] the public to view him not just as an empire builder, but also as a world-saver. Meta Platforms’ CEO publicly committed parts of his vast fortune to causes like immigration reform and voter access.

Nifty ruled at 23313.2, 110.0 points. The scrip had closed at Rs 779.40 in the previous session. The stock quoted a 52-week low of Rs 743.75 and a high of Rs 1148.30. The company quoted a market-cap of Rs 62480.00 crore on the BSE.

PI Industries Ltd. traded 1.13 per cent at Rs 3592.90 at 11:32AM (IST) on Monday, even as BSE benchmark Sensex 553.09 points to 77172.42. The stock had closed at Rs 3552.60 in the previous session. The stock quoted a 52-week high price of Rs 4801.40 and 52-week low of Rs 3060.00, respectively. As per BSE data, total traded volume on the counter till 11:32AM (IST) stood at 1973 shares with a turnover of Rs 0.71 crore.

Reliance Naval & Engg(up 277.80%) and Ind-Agiv Comm(up 49.92%) were among the stocks that surged over 15%.

Jio Financial Services shares will remain in focus on Monday, January 20, after the company reported a consolidated net profit of Rs 295 crore for the quarter ended December 31, 2024, which remained flat compared to Rs 294 crore posted in the same period last year. The Mukesh Ambani-promoted company reported total revenue of Rs 438 crore in Q3FY25, marking a 6% increase from Rs 414 crore posted in the corresponding quarter of the previous financial year.

Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings. Agarwal also says Indian markets have experienced significant gains, and we are beginning to observe a phase of consolidation. He anticipates that capital expenditure will start to increase, and the Indian economy to perform well, leading to a resurgence in earnings growth. All the action seems to be happening in the US right now and it is really the dollar which is pulling the reins for emerging markets also? Rajeev Agarwal: Trump inauguration is next week and it will be interesting to see how the policy measures that everybody has been talking about start showing up. In fact, Trump is talking about a weaker dollar. The fact that the dollar is running up and yet Trump is trying to encourage more exports out of the US, it will be interesting to see whether Trump policies impact the dollar strength that we have been seeing for the last few months.

Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers, says one can start nibbling in this sector. But one has to be cautious of auto ancillaries that are exposed to the global auto sectors as there is a lot of glut there. But from the domestic side, tractors and CV players, especially CV financiers, are in a better position in this market. Also, midcap IT companies which support defence industries, are looking pretty good. Hiring is picking up. So, the outlook of some of the hiring companies dealing with IT manpower has also brightened. Let’s look at the rural consumption/ recovery story. Is FMCG staples something that you will be looking out for? In the auto space, can somebody look at the tractor space as well as of late a few of the fund managers and investors are flagging off this space as attractive. Jitendra Gohil: In terms of rural recovery, the tractor segment looks decently positioned. The kharif output is also expected to be around 4% up. Rural recovery probably is a good play and if I look at the auto sector, we have been negative and underweight on this sector. But now looking at the correction that has happened, generally the March quarter is good for four-wheelers and even for CV cycle as due to the depreciation benefit that they get, the March quarter should be very strong for auto companies.

Subscribe to enjoy similar stories. Donald Trump will take the oath today as the US president for his second term. Never in US history has a presidency raised such concerns as this time.

Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.