News

Shares of Seshasayee Paper and Boards Ltd ended at ₹296.95, up by ₹1.30 or 0.44% on the BSE.

China Railway will be responsible for the production of bauxite and logistic solutions while Ashapura will look after sales and marketing, and technical support, including quality assurance. Shares of Ashapura Minechem Ltd ended at ₹519.65, up by ₹47.20, or 9.99%, on the BSE.

India’s economy is poised for a strong rebound, driven by rising domestic demand, rural consumption, and public capex on infrastructure, says the RBI. Strong Q3 growth expected for Indian companies, particularly in retail and banking sectors.

SEBI has mandated that mutual funds disclose the Information Ratio (IR) to measure the risk-adjusted returns (RAR) of equity-oriented schemes. The IR will be published daily on fund websites to provide investors with a more complete view of performance and risk.

India’s forex reserves have plunged to a 10-month low of $625.9 billion as of January 10, dropping $8.7 billion during the week amid central bank intervention to curb rupee volatility. The rupee saw its steepest weekly drop in 18 months today (January 17) and its 10th consecutive weekly loss.

Supreme Petrochem Q3 Results | The EBITDA margin stood at 7.1% in the reporting quarter versus 8% in year-ago quarter. Shares of Supreme Petrochem Ltd ended at ₹658.10, up by ₹10.05, or 1.55%, on the BSE.

In India, growth is projected to be solid at 6.5 percent in FY26 and FY27, as projected in October and in line with potential, the IMF said in its report. India’s growth projections are 6.8 percent for 2025 and 6.5 percent for 2026 based on calendar year.

Rallis India Q2 Results | The agri company reported a 29% drop in EBITDA to ₹44 crore over ₹62 crore in Q3FY24. Shares of Rallis India Ltd ended at ₹289.75, up by ₹1.50, or 0.52%, on the BSE.

ICICI Lombard Q3 Results | The general insurer’s gross premium income declined marginally by 0.3% YoY to ₹6,214 crore from ₹6,230 crore. This was primarily due to a regulatory shift implemented by the IRDAI in October 2024. ICICI Lombard shares on Friday (January 17) ended at ₹1,947.15 on the NSE, up by ₹2.04%.

The July 2024 budget was marked by sweeping tax reforms, including rationalisation of the capital gains tax regime, relief for taxpayers under the new income tax framework, and the abolition of the controversial angel tax. Experts believe Budget 2025 will consolidate these changes while addressing remaining challenges.