Business
Stocks to Watch on January 9, 2025
)
Markets opened with a cautious sentiment as GIFT Nifty futures were down 62.35 points at 23,719 as of 7:20 AM. The BSE Sensex fell 0.06% to close at 78,148.49 in the previous session, while the NSE Nifty50 ended at 23,688.95, down 0.08%. Here are the stocks in focus today:
Results Today
- TCS, IREDA, Tata Elxsi, among others, are set to announce quarterly earnings.
Corporate Updates
- Tata Motors: JLR’s wholesale volume rose 3% YoY in Q3 but retail sales dipped 3%.
- M&M: De-risked semiconductor supply chain for EVs BE 6 and XEV 9e, deliveries to begin in March.
- P N Gadgil Jewellers: Reported strong Q3 revenue growth: retail up 42%, franchise up 87%, e-commerce up 98% YoY.
- Dixon Technologies: Seeks subsidies of up to ₹100 crore under India’s production incentive scheme.
- LIC: Over 52,000 registrations under its Bima Sakhi scheme within a month of launch.
- Nuvoco Vistas: Plans to acquire Vadraj Cement for ₹2,800–3,000 crore.
- Hyundai Motor India: Launched upgraded variants of Venue, Verna, and Grand i10 NIOS.
- Brigade Enterprises: Launched Brigade Gateway at Neopolis, Hyderabad, expected to generate ₹3,300 crore in revenue.
- Titan: Opened its first IRTH store in Chennai, targeting ₹1,000 crore revenue by FY27.
- MOIL: Received a ₹16.77 crore penalty from Madhya Pradesh authorities.
- Adani Ports: Entered the global top 10 in the S&P Global Corporate Sustainability Assessment rankings.
- ONGC: Partnering with BP to boost Mumbai High oil and gas output by up to 60%.
- Manappuram Finance: RBI lifted restrictions on Asirvad Micro Finance.
- Lupin: Received US FDA clearance for its Pithampur Unit-1 facility.
Investors are expected to closely monitor these developments as markets navigate uncertain terrain.
Business
RBI Ends Special Dollar-Rupee Swap Window Early Amid Strong Demand
Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.

The facility will now close on August 31, the RBI said on Friday.
The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.
Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.
Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.
The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.
Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.
The strong response to the scheme led the RBI to bring the facility to an early close.
Business
Leksa Lighting Technologies Named among India’s Top 100 MSMEs
Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.

The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.
Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.
The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.
Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.
What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.
Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.
He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.
READ MORE:Rare Otter Spotted in Paddy Field at Paddam, Udupi
The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.
Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.
Business
Vehicle Prices to Increase from August 1
New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.

The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.
As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.
The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.
Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.
READ MORE:Bhava Sangama Devotional and Patriotic Song Competition Concludes in Mangaluru
The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.
Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.
-
MANGALORE55 minutes agoTulu Play ‘Gutthonji Kateyaand’ Released in Mangaluru
-
Politics8 hours agoSIR Being Used to Disqualify Genuine Voters, Alleges Ivan D’Souza
-
National6 hours agoMarriage Turns into Alleged Fraud as Woman Flees with Jewellery
-
Entertainment8 hours agoWill ‘Premada Oorali’ Join the List of Kannada Cinema’s Most Profitable Hits?
-
Entertainment5 hours agoKiara Advani and Sidharth Malhotra Announce Second Pregnancy
-
LATEST NEWS3 hours agoHighway Development Gains Momentum in Dakshina Kannada
-
LATEST NEWS1 hour agoDubai to Celebrate Karnataka Rajyotsava 2026 with a Grand Show of Unity
-
MANGALORE7 hours agoKambala Academy Award for Namma Kudla Director Leelaksha B. Karkera