Week Financial News

REC, one of the largest state-sponsored infrastructure financiers, will launch an offering of Yen bonds this week to raise at least Rs 2,500 crore, according to people aware of the matter. It has filed offering details with stock exchanges in Tokyo, London, Singapore and New York. REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there.

CHENNAI : Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Chinese brands release 4Q delivery results; GM to cover lost tax credits; and Fisker’s deal with dealerships.

Investing.com — U.S. inflation data will be the main focus this week as investors await further clarity on the future path of Federal Reserve interest rates. Big U.S. banks kick off earnings session, crypto looks set to remain volatile and the U.K. is to release GDP data. Here’s what you need to know to start your week.

Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week The majority of investors continue to hold an optimistic outlook, encompassing positive sentiments toward the U.S. economy, corporate profits, and the Federal Reserve's course of monetary policy.

Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about Rs 378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners.

₹4,773 crore into Indian equities, as reported by NSDL data. In December, the domestic equity markets experienced a surge fueled by substantial inflows from foreign portfolio investors (FPIs), who infused an impressive ₹66,134 crore during the month. The Nifty concluded the preceding month with a nearly 8% increase.

Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week Nevertheless, analysts anticipate that the public offering by Jyoti CNC Automation will mark the commencement of a potentially active period in the initial share sale market. This momentum is expected to persist for a few months before a temporary hiatus coinciding with general elections. “CY2023 turned out to be an eventful year for the Indian primary market.

₹3,300 crore in the company by subscribing to preferential shares. Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday In a regulatory filing on January 2, Alok Industries said it has allotted preference shares to RIL upon receipt of subscription money of ₹3,300 crore. The company’s board in November approved the issue of preference shares to Reliance Industries at a dividend rate of 9% on a private placement basis.

Weekend Wrap: From Vodafone Idea to Yes Bank, top news and market movers this week The broader market continued to demonstrate strong performance for the second consecutive week, with the Nifty Midcap 100 recording a gain of 2.5 percent and the Nifty Smallcap 100 showing a 1.9 percent increase. Nevertheless, analysts caution investors to exercise prudence in light of the upcoming results season and ongoing uncertainties in the Red Sea region.

NFL week 18 games will decide four division titles which are NFC South, AFC East, AFC South, and NFC East. In the NFC South, Saints, Buccaneers, and Falcons still have the chances. For AFC South, Texans, Colts and Jaguars are fighting. NFC East can be won by Dallas Cowboys. AFC East division can be decided in Miami Dolphins versus Bills.

National Football League with a winter storm having a great effect on games during this weekend. Alerts have already been given regarding winter weather along the East Coast. A huge amount of snow will be leading to a disturbing weekend in the eastern US. While no game that is affected by the nor'easter can have playoff implications, the weather can still have an impact on the results.

Also Read: NEET PG 2023 counselling: Medical bodies support decision, Tamil Nadu CM slams Centre They further said the National Exit Test (NExT) will not be held this year. "The NEET-PG examination is likely to be held in the first week of July.

Redmi Note 13 5G series and the premium Vivo X100 series. While Microsoft doubled down on bringing AI-related innovations to its Windows operating system, Elon Musk's Starlink took another step forward with the launch of direct-to-cell capabilities. Check out the top news that shook up the tech world this week.

PM Modi visited the group of islands in the first week of January. PM Modi visited the Union Territory on January 2 and 3. He shared a few photos of the picturesque archipelago on January 4.

Most of the real estate stocks have done well and we believe that another 5% to 10% kind of rally can be expected in the coming week, says Rajesh Palviya, Axis Securities. Edited excerpts. Do you believe that we could be range bound in the times ahead or there could be some weakness or strengthening from these levels next week? If we analyse the tone, it is on the bullish side and yes benchmark indices are behaving in a range-bound kind of activity since the last couple of trading sessions. If we analyse the derivative data, major put writing activities are seen around 21,500 and 21,600 strikes. So, this range is likely to act as a good support area in the decline. Even in Friday's session, we have seen a sharp dip and then again the major put writing activity has been witnessed around 21,500 strikes. We have seen a sharp pullback action from the lower end of the corrective move. So, on the higher side, the major supply zone is still placed at 21,750. That level needs to be taken out by the Nifty, then we can see short covering action and then possibly the Nifty can scale up to the level of 21,900, even beyond the 22,000 kind of level.

Buyback of shares: Shares of Bajaj Auto and Chambal Fertilisers and Chemicals will be in focus when Indian stock market opens next week. The board of directors of these companies is going to consider and approve the buyback of shares in their meeting scheduled next week.

stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said. Issuers held discussions with SEC officials about the S-1 prospectus documents that every exchange-traded fund (ETF) must submit for approval, according to executives and representatives of five firms who declined to be identified due to the confidentiality of the ongoing talks. Multiple issuers said Friday they expect to receive final approval of S-1 filings by late Tuesday or Wednesday. The SEC sought what three issuers described as «minor» changes. Some asset managers are expected to amend their filings to disclose fees or identities of the market-makers for their ETFs. Those updates are due by 8 a.m. ET (1300 GMT) on Monday and could become public that day, sources familiar with the process said.

Read more Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have engaged law firms and initiated antitrust due diligence for their proposed merger in the Indian media and entertainment sector, according to four individuals with knowledge of the situation. Read more Aided by sustained investment growth and robust output in manufacturing, construction and certain services, India’s economy may grow at 7.3% in FY24, the government’s first advance estimates showed, higher than the central bank’s upwardly revised estimate of 7%. Read more The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, rose to 59 in December, up from 56.9 in the month prior.

Sobha jumped over 28% this week scaling a fresh 52-week high of Rs 1,343.35 in the process. Over the five trading sessions, the stock witnessed declines on two occasions as investors booked profit following strong upticks. On Friday, Sobha shares closed at Rs 1,269 on the NSE, down by Rs 26.25 2.03%. A ‘buy’ call by brokerage Motilal Oswal along with buying action in the realty stocks triggered a sharp rally in Sobha shares this week.

Jyoti CNC Automation IPO: The initial public offering (IPO) of Jyoti CNC Automation Ltd is going to hit the primary market on 9th January 2024 i.e. on Tuesday next week. The CNC machines maker company has fixed the Jyoti CNC Automation IPO price band at ₹315 to ₹331 per equity share.