Latest Stock Market News

CLN Energy has launched its IPO, aiming to raise approximately Rs 72 crore by offering 28.92 lakh shares at a price band of Rs 235-250. Proceeds will fund machinery, working capital, and corporate purposes. The company, a leading manufacturer of lithium-ion batteries and EV components, expects to complete allotment by January 28, with listing set for January 30.

A former chef, Russian translator and intelligence man, Tangen told Arijit Barman in an interview in Davos that the world is in the grip of unprecedented volatility.

Tata Sons is exploring various scenarios to address the pressure from the Shapoorji Pallonji Group for a possible share sale. Options include a public listing, stake sale, or buyout of the minority stake. However, these outcomes are not expected immediately due to stakeholder disagreements and strained relations.

Investors in Asia are still digesting the impact of US President Donald Trump’s first few days in office, which have sent mixed signals to investors. Trump has reiterated a tariff threat against China but have largely spared the world’s second-largest economy from a feared escalation of the trade war.

FMCG major Hindustan Unilever Ltd (HUL) profit beat the Street estimates as it rose 19% year-on-year (YoY) to Rs 3,001 crore in the third quarter. This was mainly on the back of one-time gain.

The Nifty IT index closed 2.14 per cent at 42590.70.

So far in January, foreign investors sold shares worth ₹62,102.25 crore. This comes after the sell off worth ₹1.20 lakh crore in 2024.