IREDA shares rise 1.1% as board announces meeting date for fund raise via QIP

IREDA shares rose by 1.1% to Rs 209.50 on news of a board meeting set for January 23, 2025, to approve fund-raising via Qualified Institutional Placement (QIP). IREDA announced a 27% YoY net profit increase to Rs 425.38 crore in Q3 FY25, with a 35.6% rise in revenue. Analysts give a 'Hold' recommendation with a target price of Rs 215.

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Bright growth outlook for H2, but new risks seen in FY26: Finance Ministry

In its economic review for November, the ministry also said the "combination of monetary policy stance and macro-prudential measures by the central bank may have contributed to the demand slowdown" in the first half of FY25. It termed the RBI's move to lower the cash reserve ratio to 4% from 4.5% as "good news". This will enable banks to lend more and should help boost credit growth, which has "slowed a little too much and quickly in FY25", the ministry said.

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Penny stocks' 1-yr returns up to a whopping 65,000%. Here are 10 biggest multibaggers

Often bought by investors for quick gains, penny stocks too made news in 2024 with a clutch of them rising by more than 1,000% within a year. ET has identified 15 stocks which have risen by up to 65,000%. Here's a list of top ten gainers:

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FMCG and overvalued defence stocks could face near-term challenges: Gurmeet Chadha

​There have been news of gold-based lending going up, which is probably indicative of some stress and lot of that is now getting probably reflected in the price. So, some of the quality banks may do well.

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13-14% market returns possible with GDP and efficiency gains for next 5 years: Sandip Sabharwal

So, people need to wait either for an overall midcap, smallcap correction when these stocks normally fall more than the market or due to some fall due to bad results, bad news, etc.

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Nifty IT can rally till 49,000 in near term: Anand James

While the downsides at open were expected given the direction of the previous days’ trend, the upswing thereof found support from the fact that the sluggishness had persisted through the week without major news break setting up conditions for mean reversion move.

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Elon Musk’s net worth tops $400 billion

The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion, AFP reported.

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Divi's Lab stock slips on US supply worries

"While the exact revenue from Entresto-related supplies is undisclosed, it contributes a meaningful share to the overall business. However, before the rejection by the US Appellate, the management of Divis had claimed that there won't be any material impact of this news on the company," T Manish, research analyst at Samco Securities.

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RBI on tricky terrain of high inflation and slowing growth

RBI Governor Shaktikanta Das faces uncertainty about his future as his six-year term ends amid economic challenges. A slowing economy, persistent inflation, and controversies surrounding inflation calculations have fueled speculation about potential successors. Markets anxiously await the outcome of the MPC meeting and news of Das's possible extension.

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LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health

State-owned LIC's shares rose 2.4% on news of a potential 50% stake acquisition in ManipalCigna Health Insurance. This move would mark LIC's entry into the health insurance sector, diversifying its portfolio. The deal, potentially valuing ManipalCigna around Rs 4,000 crore, aligns with LIC's stated goal of acquiring a health insurance provider this fiscal year.

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Reliance Power shares jump over 3% after relief from High Court on SECI notice

Reliance Power shares surged after a court ruling. The Delhi High Court halted a ban imposed by Solar Energy Corporation of India. SECI had accused Reliance Power of submitting fake documents. The ban prevented Reliance Power from bidding on future projects. The court's decision offered relief to the company. The share price reacted positively to the news.

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