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Tata Technologies is anticipated to report subdued third quarter results with marginal revenue growth of around 0.3%, but an 8% decline in net profit to Rs 157 crore. The company’s revenue from the services segment faces headwinds from auto sector weakness and reduced client spending despite a healthy order book.

RBI’s new guidelines to ease business for ARCs

Updated at : 2025-01-21 07:35:03

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RBI has revised the guidelines for asset reconstruction companies (ARCs), allowing them to settle dues with borrowers after evaluating recovery possibilities. ARCs are now required to frame a board-approved settlement policy. For accounts with over Rs 1 crore, proposals must still be reviewed by an Independent Advisory Committee (IAC). These changes aim to speed up the resolution process.

The ₹75,772-crore liquidity will be reversed on Tuesday. The move is aimed at easing the liquidity conditions and prevent the call money rates from shooting sharply above the current repo rate of 6.5%.

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Kotak shares, which closed at ₹1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in one year and 58% in five years.

Rupee gains 5 paisa to 86.567

Updated at : 2025-01-21 07:35:03

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Brent crude oil prices fell from $82 per barrel last week to $80 per barrel due to a ceasefire in the Middle East and due to speculation that Donald Trump may ease sanctions on Russian energy exports, traders said.

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While the client focus remains on cost efficiency, artificial intelligence (AI)-related investments are gaining traction. Brokerages have raised the EPS estimate for FY25 by 5-7% after a strong margin performance in the December quarter.

Independent research outfits provide stock advice to investors looking for under-researched investment recommendations but do not have the wherewithal to put ₹50 lakh at one go in Portfolio Management Services (PMS) or ₹1 crore in Alternative Investment Funds (AIFs).

Waaree Renewable Technologies has secured an order worth Rs 277.20 crore for setting up a ground-mounted solar project of 105 MWp (DC) capacity on a turnkey basis.

Nifty appears to be gathering momentum for an upward move. The RSI on the hourly chart has rebounded from lower levels, showing a positive divergence that further strengthens the bullish outlook.

Asian stocks open higher as Tariff threat eases

Updated at : 2025-01-21 07:35:03

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Shares climbed from the open in Australia, Japan and South Korea, with the MSCI Asia Pacific Index rising as much as 0.8%. US futures extended their rally from Monday when the cash market was closed. Asian currencies strengthened as Bloomberg’s gauge of the dollar dropped for a second day. Treasuries climbed.

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