3:14 PM

UPI scales new high in December; 2023 value up 59% at Rs 183 trn

The previous monthly peak in value was in November 2023 when 11.24 billion transactions worth Rs 17.4 trillion were made. UPI transactions in December grew 54 per cent in volume and 42 per cent in value compared to the same month in 2022. READ MORE

2:43 PM

Adani’s JV hires global team for Dharavi overhaul project in Mumbai

Indian billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project. READ MORE

Photo: Bloomberg

2:34 PM

Foreign investments into Indian bonds reached six-year high in 2023

The US 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October. READ MORE

Bond yields slide as reports tout progress in global listing of Indian debt

2:19 PM

Stock of this consumer electronics firm has zoomed over 200% in 10 months

Shares of HPL Electric & Power (HPL) were locked in the upper circuit of 10 per cent at Rs 273.55, also its record high, with only buyers being seen on the counter. A combined 1.97 million equity shares changed hands and there were pending buy orders for 350,000 shares on the NSE and BSE. READ MORE

Sensex, Nifty, stock market, BSE, NSE

2:07 PM

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet; stock trades flat

JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP). READ MORE

JK Tyres

1:54 PM

Indian real estate in 2023 saw highest investment inflows since 2020

In 2023, Indian real estate witnessed the highest level of investment inflows since 2020, according to real estate consultancy Colliers. These inflows in 2023 were $5.4 billion, 10 per cent higher as compared to 2022. In the sector, the office sector continued to be the most significant contributor for 2023 with a 56 per cent share in total inflows. READ MORE

Real estate

1:43 PM

ALERT:: Atul Auto Dec sales jump 16.4%; stock trades flat

Atul Auto in an exchange filing today said the company sold 2,503 units in December 2023, up 16.4 per cent when compared with a sale of 2,151 units in the same month a year ago.

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1:11 PM

TCS get notice from Maharashtra labour dept for employee transfer practices

The complaint by the Nascent Information Technology Employees Senate (NITES), a group representing India’s IT industry workers, alleged TCS transferred more than 2,000 employees without proper consultation. READ MORE

Tata Consultancy Services, TCS

12:59 PM

Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes

Markets were also betting that the government would sell its 33.1 percent stake in VIL to Musk to enable Starlink to enter the Indian market. Musk is visiting India to attend the Vibrant Gujarat Business Summit between January 10 and 12, for a big land deal in the state for a mega factory for his auto company, the Business World reported. READ MORE

12:48 PM

FAQs: What will the market do in 2024? What will result in a correction?

The returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks. READ MORE

12:25 PM

DCB Bank hits 52-week high, has rallied 25% in last 1 month; here’s why

In past one month, the stock has zoomed 25 per cent, after Aga Khan Fund for Economic Development, promoter of the private sector bank, expressed interest to infuse ~$10 million (approx. Rs 83 crore) in the bank. READ MORE

11:53 AM

December Auto Sales | M&M sells 60,188 units, up 6% Y-o-Y

>> Mahindra & Mahindra Ltd. (M&M Ltd.) said its overall auto sales for the month of December 2023 stood at 60,188 vehicles, a growth of 6%, including exports.

11:38 AM

RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr

At 10:09 AM; RailTel was quoting 8 per cent higher at Rs 366.10, as compared to 0.16 per cent decline in the S&P BSE Sensex. The counter has seen huge trading volumes with a combined 15.63 million equity shares representing nearly 5 per cent of total equity of the company changing hands on the NSE and BSE in first hour of trade, the exchange data shows. READ MORE

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