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Yoon Suk Yeol's security chief resigned Friday, a week after leading a team that blocked an attempt to arrest the impeached president over his short-lived imposition of martial law. Park Chong-jun offered to resign earlier in the day as he appeared for police questioning over alleged obstruction of duties last week. His offer was accepted by Acting President Choi Sang-mok. The resignation comes as the Corruption Investigation Office for High-ranking Officials, which is leading the probe into Yoon for alleged insurrection, is mulling their next move to take Yoon in custody. Vice chief of the Presidential Security Service team will serve as an acting leader, a PSS official said. It's not immediately clear if the vice chief will cooperate with the probe team's warrant execution. The vice chief has also defied multiple police summons to appear for questioning and has received a third summons to appear before investigators on Saturday, according to Yonhap News.

SN Subrahmanyan's remarks that he wished employees to work Sundays, CPIML (Liberation) MP Raja Ram Singh on Friday wrote to Labour Minister Mansukh Mandaviya asking him to penalise any violation of laws on working hours in offices. In a letter to the labour minister, Singh also quoted a statement by Infosys Co-founder Narayana Murthy advocating a 70-hour workweek, and others like Bhavish Aggarwal of Ola and Sajjan Jindal of Jindal Steel Works publicly supporting such a proposal. Subrahmanyan's remarks advocating a 90-hour workweek and working Sundays sparked outrage online. «How long can you stare at your wife,» he is heard saying in a purported video address to employees where he urged them to spend less time at home and more in the office. CPIML (Liberation) leader Singh urged the Union minister to initiate measures to ensure strict enforcement of laws governing working hours.

Mudrex, a global crypto investment platform, is celebrating its 7th anniversary on January 10 with the announcement of a fee-free trading day on January 12, 2025, for all coins. This special gesture comes as the platform celebrates a year of extraordinary growth, including a 200% increase in its user base, which now exceeds 3 million, and a 20X surge in monthly trading volume, reaching $200 million. Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.

portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis. The norms are aimed at preventing the possible round-tripping by certain promoters using the FPI route.

Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.

capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday.

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations «without admitting or denying the findings» by paying settlement amounts.

Bannari Amman Sugars Ltd.(up 0.04%) stood among the top gainers.

Vodafone Idea (Vi) has cleared Rs 1,910 crore of its old dues to Indus Towers using the cash raised by recently issuing fresh equity on a preferential basis to its UK co-promoter, Vodafone Group Plc. Following the fresh capital infusion, Vodafone Plc’s stake in Vi — its Indian telecom joint venture with the Aditya Birla Group — has risen to 24.39% from 22.56%. The acquiring Vodafone promoter entities in Vi are Omega Telecom Holdings Pvt Ltd and Usha Martin Telematics Ltd. “…Vodafone Promoters have utilised the proceeds amounting to Rs 1,910 crore, post-repayment of outstanding borrowing to their existing lenders, to acquire shares in Vi. Further, the proceeds of such capital raise have been received by the Company (read: Indus) from Vi towards part-repayment of the MSA (master service agreement) dues,” Indus Towers said in an exchange filing Friday.

Subscribe to enjoy similar stories. The Association of Mutual Funds in India (Amfi) recently released the updated half-yearly data on market capitalization classifications for listed stocks. As defined by the Securities and Exchange Board of India (Sebi), largecaps are the top 100 companies by market capitalization, midcaps are ranked 101 to 250, and smallcaps are those ranked 251 and beyond.

Markets regulator Sebi has renewed its recognition of AMC Repo Clearing Ltd as a clearing corporation for one year till January 16, 2026 for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting January 17, 2025, according to a notification uploaded on Sebi's website on Friday. Under the rules, AMC Repo Clearing Ltd will not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange. Earlier, the Securities and Exchange Board of India (Sebi) had granted recognition to such clearing corporations in January 2023.

The Layer-2 solution aims to set the stage for faster and more efficient transactions on the Solana network.

energy stocks, as concerns over corporate earnings dampened market sentiment while IT stocks stood out as the only gainers after quarterly update from sector leader TCS suggested early signs of a demand recovery. The benchmark BSE Sensex lost 241.30 points or 0.31% to close at 77,378.91, while the broader Nifty 50 index closed at 23,431.50, lower by 95.00 points or 0.4%.

Shares of Phoenix Mills Ltd.(up 1.36 per cent) ended the day as top gainers in the pack.

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.

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.

Nakdu Yadav, a wanted criminal with a long history of violent crimes, managed to outwit law enforcement for more than three decades. By assuming the identity of "Nandlal Yadav," he infiltrated the UP Home Guards, working under the very system that once sought to apprehend him. His ruse remained intact until an unexpected betrayal by his own family led to the revelation of his past and his subsequent arrest, as reported by TOI.

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.

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.

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.