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Few Democrats found ways to negotiate with Republicans quite like Shalanda Young — whose work as White House budget director stopped several potential economic crises from erupting

L&T Technology Services Ltd.(up 2.31 per cent) were among the top gainers.

were among the top gainers.

Bannari Amman Sugars Ltd.(up 1.28%), Simbhaoli Sugars Ltd.(up 0.83%) and DCM Shriram Industries Ltd.(up 0.12%) were among the top gainers.

Tube Investments of India Ltd. 2.61 per cent to Rs 3410.45 at 10:10AM (IST) in Friday's trade. The stock has hit a high of Rs 3410.50 and low of Rs 3321.70 so far during the session. The stock had closed at Rs 3323.60 in the previous session. The counter has had a total traded volume of 2696 shares so far with a value of Rs 0.91 crore on the NSE. It traded at a price-to-earnings multiple of 57.06 and a price-to-book ratio of 14.15.

Stocks that rallied over 10% included, IEL Ltd.(14.51%), Bajaj Healthcare(13.74%), Silverpoint Infratech(12.04%), Hindustan Motor(10.62%), TGB Banquets(10.33%) and Metal Coatings(10.07%).

Info Edge (India) Ltd. traded 1.72 per cent in Friday's trade at 10:15AM (IST). Around 1,230 shares changed hands on the counter. The counter opened at Rs 7687.35 and touched an intraday high and low of Rs 7776.95 and Rs 7622.05, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 9194.95 and a 52-week low of Rs 4868.50.

Subscribe to enjoy similar stories. Distractions are a constant in our age, while productivity is that gleaming arch on the horizon that seems farther away the closer we get. And every few months, leaders of India Inc chime in to advocate longer work hours in service of this hallowed goal.

Subscribe to enjoy similar stories. The wreckage left behind after Russian military strikes in Toretsk, Ukraine, Dec. 19., 2024.

Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS

Wipro, Jio Financial, Tech Mahindra and SBI Life. Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.

In the IPO, about 50% of the offer is set aside for qualified institutional buyers (QIB), 35% for retail investors and the remaining 15% for non-institutional investors.

Wealthy investors looking to book profit from equities amid rich valuations and eyeing a fixed income product with high safety are turning to RBI floating rate bonds, which currently give an 8.05% return. These bonds, issued by the Reserve Bank of India on behalf of the government, earn more than 10-year benchmark government bonds and fixed deposits, distributors said.

Reliance Industries Ltd (RIL) reported an 11.9% rise in consolidated net profit in December quarter, driven by its energy, retail and digital services units, beating analyst estimates. Consolidated profit after tax rose to ₹21,804 crore from ₹19,488 crore in the year earlier. Net profit attributable to owners of the company was up 7% to ₹18,540 crore from ₹17,265 crore a year earlier. A Bloomberg survey of analysts had pegged profit at about ₹18,326 crore. Revenue from operations increased 7% to ₹2.43 lakh crore from ₹2.27 lakh crore in the year earlier. Consolidated ebitda increased by 7.8% to ₹48,003 crore. «It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses,» said Mukesh Ambani, chairman and MD of RIL. «The delivery of record ebitda and profit after tax at a consolidated level for this quarter is a testament to this.»

Bank of Maharashtra managing director Nidhu Saxena said that he would not mind compromising growth a bit to maintain high asset quality. «We have stressed upon the quality of advances. However, we are happy that the bank achieved 21% advances growth despite stricter underwriting standards.» The state-owned lender reported a 36% year-on-year rise in net profit at Rs 1406 crore for the December quarter while operating profit rose 14.5% at Rs 2303 crore.

stocks rallied as much as 15% in Mumbai trading on Thursday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, 52 Weeks Entertainment(20.00%), Aeroflex Industries(20.00%), Mahindra EPC(20.00%), Brand Concepts(19.99%), DHP India(19.99%), Silverpoint Infratech(19.94%), G G Automotive Gears(19.78%), Bhartia Bachat(19.52%), Active Clothing Co(16.78%) and Ircon Intl.(16.03%).

Swiggy may remain in focus on Thursday, January 16, after the company informed that the Ministry of Corporate Affairs approved the incorporation of its new subsidiary Swiggy Sports Private Limited. “In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of Swiggy Sports Private Limited, a wholly owned subsidiary of the Company, today, January 15, 2025,” said Swiggy in its filing to the exchanges.

Dipan Mehta, Director, Elixir Equities, says from a market viewpoint, he is not very hopeful or positive. Right now, he prefers to save cash. We are in the midst of a crucial earnings season and a significant event. On January 20, President Trump will take over. If there is more market volatility, especially with specific stocks, he would hold onto cash to invest in stocks that have dropped significantly and are strong businesses or have appealing business models. What would you do with a stock like Kalyan Jewellers? It is down almost 11%. Is there any buying at dips which would emerge or is there just a case of falling knife and one should stay away till the time they do not figure out what is happening within the company? Dipan Mehta: Kalyan Jewellers, the pre-quarter release was interesting. Amongst the entire peer group, they reported the highest sales growth and this particular wedding season has been good for the jewellery industry. Titan also came and all the other companies also came with very good releases pre-quarter where they gave the sales numbers.

Andrew Tate, who eventually faces some pretty serious alleged legal charges including human trafficking and rape, reported Daily Beast.

Subscribe to enjoy similar stories. How embarrassing would it be for the Federal Reserve to raise rates this year? Could it admit that its aggressive rate reductions last year, including a cut as recently as last month, were a mistake, and put them into reverse? Investors are starting to think about the idea.