Sridhar Balakrishnan 🇮🇳🏆💰

BREAKING NEWS

DEFAULTS ON UNITED STATES CREDIT CARD LOANS HAVE HIT THE HIGHEST LEVEL SINCE 2010

SECURITIES IN FNO BAN


NIL

*Deep Ind:* Company plans to raise up to ₹350 Crores through a QIP in one or more tranches (Neutral)

*Shilchar:* CareEdge has reaffirmed its credit rating for Shilchar Technologies Limited's bank facilities. (Neutral)

*PayTM:* Resignation of Dr. Srinivas Yanamandra, Head of Compliance. (Neutral)

*Reliance Infra:* Company’s arm receives notice on alleged 'DSRA defaults' from Axis, IDFC First Bank. (Neutral)

*Ola Electric:* Company’s Chief Marketing Officer Anshul Khandelwal and CTO Suvonil Chatterjee Have Resigned: Moneycontrol. (Negative)

*Ansal Properties:* Company announced the resignation of its Managing Director, Director, and Chief Executive Officer, Shri Deepak Mowar. (Negative)

*Alkyl Amines:* Rupture at the derivatives plant, causing serious injuries. There could be a temporary disruption in the operations of the affected plant (Negative)

*Gujarat Fluorine:* The incident at the CMS-1 plant resulted in four fatalities. (Negative)

*CAMS:* Pullakurthi Srinivasa Reddy resigns as Chief Technology Officer (CTO) of the company. (Negative)

*Spandana:* India Ratings has affirmed ratings and revised outlook to Negative from Stable. (Negative)

🇮🇳India Daybook – Stocks in News

*Narayana Hrudayalaya:* Health Insurance Commission of Cayman Islands has issued Insurer Certificate to Cayman Integrated Healthcare Ltd., a step-down subsidiary of the company. (Positive)

*Cigniti:* Coforge announced a scheme of amalgamation. Shareholders will receive 1 Coforge share for every 5 Cigniti shares. (Positive)

*Kothari Products:* Company proposed a 1:1 bonus share issue. (Positive)

*Zota Healthcare:* Company received product registration licenses for two products in Kyrgyzstan. (Positive)

*Dr Agrawals:* New branch commenced operations in Vellore, Tamil Nadu. (Positive)

*IOL Chemicals:* The board approved a stock split: Each Rs. 10 share will be split into 5 Rs. 2 shares. (Positive)

*Hero Motocorp:* Company has extended its partnership with Harley-Davidson Motor Company (Positive)

*Teamo Productions:* Company Secured orders worth Rs 120 million from Ganga Realty Group for structural steel. (Positive)

*Esconet Technologies:* Company Gets Order Worth Rs 139.1 Million. (Positive)

*JSW Energy:* Company to buy O2Power for $1.2 billion. (Positive)

*R Power:* Rosa Power Supply Company Limited, secured a ₹3,760 crore term loan from Power Finance Corporation Limited (PFC). (Positive)

*IL&FS Engineering:* Company bags project worth ₹302.82 crore of Bhubaneswar Metro Phase-I from Ceigall India (Positive)

*Vodafone Idea:* Vodafone Group clears Rs 11,650 cr dues, releases pledged shares in Vodafone Idea. DoT waives bank guarantees for spectrum auctions. (Positive)

*Shakti Pumps:* Board Meeting to be held on 07-Jan-2025 to consider Fund raising via equity (Positive)

*Adani Green Energy:* Company incorporates new subsidiary for renewable energy. Commissioning of 62.4 MW wind and 112.5 MW solar projects. (Positive)

*SRF:* Incorporates arm for business of owning and renting real estate. (Positive)

*Teerth Gopicon:* Company received a Letter of Award from SJVN for a solar rooftop power project. (Positive)

*Max Financial Services:* Company to Discontinue Operations of Max Life Pfm as a Pension Fund Manager. (Neutral)

*Kansai Nerolac Paints:* Company to Consider Q3 Results on Feb 5. (Neutral)

*Emami:* Company to Consider Q3 Results & Dividend If Any On Jan 27. (Neutral)

*SRF: Company’s Wholly Owned Subsidiary has issued Equity Shares to the Company. (Neutral)

*Zydus Lifesciences:* Company acquisition of Sterling Biotech's API business has been delayed. (Neutral)

*Kalpataru Projects:* Company received a GST Authority order on December 27, 2024, demanding Rs 2.64 Crores (Neutral)

*Utkarsh Small Finance Bank:* Bank’s board approves sale of NPA & Written-Off loans to ARC. (Neutral)

*Dynamic Services:* Company completed the acquisition of Bharat Battery MFG Co Private Limited. (Neutral)

*Dr. Reddy's Laboratories:* Company received a credit rating reaffirmation from ICRA Limited (Neutral)

*Can Fin Home:* Company received a credit rating reaffirmation from ICRA Limited (Neutral)

*Adani Ent:* AEL's stake in its subsidiary, JMRPL has been diluted to 51%. (Neutral)

*SJVN:* Company appoints Sanjay Kumar as Chief Financial Officer of the company (Neutral)

*Max Fin:* Max Life PFM to discontinue operations to avoid 'unintended' brand misinterpretation. (Neutral)

*Prestige:* Company signs business transfer agreement with a wholly owned subsidiary for assets and shares worth Rs 313 crore. (Neutral)

*Reliance Industries:* Expands Healthcare Portfolio with Karkinos Acquisition (Neutral)

*M&M:* State Tax officer initiated inspection of the records at one of the places of business operations of the Company in Chennai, Tamil Nadu on certain GST compliance issues (Neutral)

*Zydus Wellness:* Company’s arm gets Rs 56.33 cr GST demand over Heinz IP rights deal (Neutral)

*Mahindra EPC:* Company awarded a Rs. 3.40 Crores contract for Micro Irrigation Systems over 680 hectares, execution within 12 months (Neutral)

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Indian pharma improves compliance with USFDA; fewer OAI cases in 2024
📝 Foodgrain output to scale new peak in 2025 as farm sector eyes 4% growth
📝 Modest growth raises concerns about sustainability of market rallies
📝 2025 outlook: RBI's regulatory focus on innovation, stability, and fairness
📝 EEPC India proposes 'faceless' GST audit system to boost ease of doing biz
📝 CCI conducts market study on renewable energy space across Brics nations
📝 DGTR for anti-dumping duty on PVC paste resin from China, 5 others
📝 India's exports to Australia up 64.4% in Nov: Commerce ministry data
📝 Motorcycle maker Ultraviolette to accelerate commercial operations in 2025
📝 Telcos face twin challenges on tariffs, upcoming satellite services front

*Economic Times*

📝 India's increasing oil demand attracting global players: S&P Global Commodity Insights
📝 Indian Railways gears up to equip Kavach 4.0 across its key routes
📝 Country's liquor companies may approach FSSAI for separate standard for Indian single malt whisky
📝 Indian manufacturers see technology adoption as key to profitability, yet allocate less than 10% of budgets
📝 RBI to test CBDC by crediting a portion of allowances to its officers’ digital wallets
📝 GJEPC seeks government support to promote diamond exports and protect jobs
📝 Govt asks imported coal-based power plants to run at full capacity till Feb 28
📝 Government cancels auction of 11 critical mineral blocks
📝 India-Australia bilateral goods trade more than doubled in FY23: Govt
📝 Private banks achieve priority sector targets for first time in FY'24

*Mint*

📝 Tech investments by manufacturing firms likely to rise, CII report says
📝 EV financing no longer risky, says Shriram Finance's Umesh Revankar
📝 Market cap of 6 of top 10 most valuable firms jumps ₹86,848 crore
📝 Housing supply up 44 pc in NCR this year to 53K units; luxury home share in launches 60 pc: Anarock
📝 India to boost power generation, transmission infra to achieve 24X7 power for all in 2025
📝 Indian economy to grow at 6.5-6.8 pc in FY25 on higher domestic consumption: Deloitte
📝 CII seeks excise duty cut in petrol, diesel in FY26 Budget
📝 Headcount at state-owned banks slumps to lowest in 13 years, shows RBI data
📝 CII urges Finance Ministry for measures to boost consumption in Union Budget 2025
📝 Fintech’s new fuel: Venture debt takes centre stage amid a funding crunch