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Government Invites Applications for New SEBI Chief Role

The Finance Ministry has invited applications for the position of the next SEBI Chairperson, as Ajay Tyagi's term nears its end.

Candidates need expertise in capital markets, economics, or finance, along with 25 years of experience in related fields. The selected candidate will lead SEBI, India's capital markets regulator, for a 5-year term. Interested applicants can submit their applications by February 28. SEBI plays a critical role in overseeing stock markets, protecting investors, and ensuring market stability, making this a key appointment for India's financial sector.

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Bajaj Finance Q3 Profit Rises 18% to ₹4,308 Crore, AUM Jumps 28%

Bajaj Finance reported a strong Q3 performance with a net profit of ₹4,308 crore, rising 18% YoY. Assets Under Management (AUM) surged 28% to ₹3.09 lakh crore, while net interest income grew by 29% to ₹8,010 crore.

New loans booked rose 26% to 9.86 million. The company’s customer base expanded to 83.64 million, adding 3.58 million in Q3. Despite higher expenses, strong loan growth and stable asset quality boosted earnings. Bajaj Finance remains optimistic about future growth.

OpenAI Accuses China's DeepSeek of Intellectual Property Theft

OpenAI, the creator of ChatGPT, has accused Chinese AI startup DeepSeek of using its proprietary models to train a competing system through a method called "distillation." This technique involves using outputs from larger AI models to improve smaller ones. Microsoft's security team detected suspicious activity last fall, where individuals linked to DeepSeek allegedly extracted large amounts of data through OpenAI's application programming interface (API). OpenAI asserts that this action violates its terms of service, which prohibit using its outputs to develop competing models.

ITC Hotels Shares Debut at 31% Below Expected Price

On January 29, ITC Hotels shares began trading on the National Stock Exchange (NSE) at ₹180 per share, marking a 31% decrease from the anticipated price.

This listing follows the company's demerger from ITC Limited, aiming to focus on its core hotel business. Analysts had projected a listing price between ₹200 and ₹300. The lower-than-expected debut has raised concerns among investors about the company's market valuation and future performance.

Intel’s Ex-CEO Praises DeepSeek’s AI Model R1 After Losing Job

Former Intel CEO Pat Gelsinger praised DeepSeek’s open-source AI model, R1, which briefly overtook OpenAI’s ChatGPT in popularity.

He highlighted three key lessons: cheaper computing expands markets, innovation thrives under constraints, and open-source technology wins. Gelsinger, who lost his position as Intel’s CEO in December 2024 due to corporate struggles, is now chairman of Gloo, a faith-based messaging platform. He revealed that his Gloo engineers are already using R1, reinforcing its growing impact in AI development.

Gold Rate In Delhi Today Is ₹82413.0/10 Grams.

Gold rate in Delhi today is 82413.0/10 grams , and last week , the price on 22-01-2025 was ₹ 81267.0 /10 grams. Silver rate in Mumbai today is 98800.0 / Kg. Gold rate in Chennai today is. 82261.0-10 grams. Silver rates in Delhi and Mumbai are also at an all-time high. Read the full article here : and silver-prices-at-an-all-time-high-of 8.3 % and 5.8 % respectively.

Stock Markets To Open For Trading On Saturday For Union Budget 2025-26

The Indian stock markets will remain open for trading this Saturday , February 1 , when Finance Minister Nirmala Sitharaman presents the Union Budget. Trading hours will follow the standard schedule from 9:15 am to 3:30 pm. BSE Indices will also be calculated on February 01 , 2025 ( Saturday ) which is declared as a special trading day by the exchange on account of Union Budget 2025-26. On Tuesday , Sensex and Nifty opened and continued to trade in the green , boosted by an announcement by the Reserve Bank of India regarding injecting liquidity into the banking system.

Rupee Slips As Trump's Tariffs Boost Dollar

The Indian rupee weakened along with most of its regional peers on Tuesday as comments about trade tariffs from U.S. President Donald Trump boosted the dollar. The rupee closed at 86.5225 against the dollar , down 0.2 % on the day , its biggest one-day percentage fall since Jan. 16. Dollar index rose 0.1 % to 107.9 %. On Monday , the dollar index had declined to an over five-week low of 106.96. Foreign investors have pulled out over $ 8.5 billion from local stocks and bonds so far in January. In addition to tariffs concerns , persistent outflows have also been a pain point for the rupee.

Mukesh Ambani Predicts India To Become Most Prosperous Nation By The End Of This Century

Reliance Industries chairman and MD Mukesh Ambani said green energy and artificial intelligence will shape the future of humanity. He said the transition from fossil fuels to clean and green energy has to be accelerated. Ambani said within a couple of years , India will emerge as the third largest economy in the world. “ We must not allow economic growth endanger planet earth and further worsen the climate crisis , ” he said.

Nasdaq Drops 3% as Nvidia Crashes 17% After DeepSeek Shakes Big Tech

Wall Street saw a major sell-off on January 27, with the Nasdaq plunging 3% as China’s AI giant DeepSeek disrupted Big Tech. Nvidia’s stock plummeted 17%, leading losses, while fears grew over DeepSeek’s affordable AI models threatening US dominance. The Chinese startup surged in popularity, topping Apple’s App Store, raising concerns about its impact on Silicon Valley leaders. Investors dumped shares of tech firms that previously thrived on AI hype, triggering widespread losses in the market.

Tata Steel's Q3 Profit Surpasses Expectations, Revenue Drops 3%

Tata Steel beat analysts ' expectations to report a consolidated profit of Rs 295 crore for the October-December quarter , albeit being 43 percent lower over the same quarter last year. The company 's topline came in at Rs 53, 648 crore. Despite the company reporting higher volumes during the quarter , the company , like the rest of the steel industry , were under pressure from cheap imports from China and other territories , such as Vietnam and South Korea , which caused realisations to decline across all of its markets. At 9.40 am , Tata Steel shares were quoting Rs 127.34 on the NSE , up 0.7 percent from the previous session 's closing price. Follow our market blog to catch all the live updates.

Urban Consumption Stocks To Watch Out For In Q4

Third quarter earnings season has not brought new tides in for the urban consumption space , but the sailing might be smoother from here on. Most experts are pinning their hopes on Finance Minister Nirmala Sitharaman to review the income tax slabs in the upcoming Union Budget. But will that lead to a sustained recovery in consumer demand?. Until the urban wallet get a little fatter or the garlic gets a little cheaper , it ’s a game of wait and watch!, says Ravi Agrawal. U.S.-based. Nuvama expects company to continue to clock healthy volumes led by a faster scale-up in Andhra Pradesh , Karnataka tax cut and uptick in marriage days.

RBI Boosts Liquidity With Rs 1.5 Tranche Of Rs 60,000 Crore,

Bank shares advanced up to 4 percent on January 28 after the Reserve Bank of India announced measures to inject liquidity into the banking system. The central bank also announced a USD / INR Buy / Sell Swap auction of USD 5 billion for a tenor of six months to be held on January 31 , 2025. This raises the prospects of a rate cut by the MPC in the February policy meeting , says Dr. V K Vijayakumar , Chief Investment Strategist , Geojit Financial Services. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Lose $108 Billion As Deepseek's AI Revolution Sparks Tech Selloff

The Nasdaq Composite Index fell 3.1 % on Monday , and the S&P 500 dropped 1.5 %. Fears of Chinese AI startup Deepseek challenging America 's dominance in the sector. According to Bloomberg data , billionaires with fortunes linked to artificial intelligence emerged as the worst losers. Michael Dell , the founder of Dell Inc. , lost $ 13 billion , while Changpeng " CZ " Zhao , co-founder of Binance , lost $ 12.1 billion. Billionaires from the tech sector saw $ 94 billion in wealth erosion , nearly 85 % of the Bloomberg index ’s total decline.

SEBI Chairperson Appointment: What You Need To Know

Ministry of Finance has reportedly printed newspaper advertisements seeking applications for the post of Chairperson for capital markets regulator , the Securities and Exchange Board of India ( SEBI ). All applications have to be sent on or before February 17 , 2025 , says a purported image of a newspaper ad. The role will be based in Mumbai where SEBI is headquartered and the appointment will be for a maximum period of five years from the date of assumption or till attaining the age of 65 years of the appointee , whichever is earlier , as per the ad and a Mint report. Term of current SEBI Chairperson Madhabi Puri Buch will come to an end on February 28 , 2025. Buch was appointed in March 2022 for a period of three years and was also the first woman to be appointed as SEBI chief.

Top Losers in Today's Trading Session - 27th January 2025

Top Loser:

HCL Technologies Ltd: Declined by 4.51%, closing at ₹1,711.95.
Tech Mahindra Ltd: Declined by 4.01%, closing at ₹1,653.90.
Wipro Ltd: Declined by 3.80%, closing at ₹307.95.
Hindalco Industries Ltd: Declined by 3.30%, closing at ₹586.90.
Shriram Finance Ltd: Declined by 3.00%, closing at ₹511.65.

Top Gainers in Today's Trading Session - 27th January 2025

Top Gainer:

ICICI Bank Ltd: Gained by 1.55%, closing at ₹1,227.95.
Britannia Industries Ltd: Gained by 1.46%, closing at ₹5,176.25.
Mahindra & Mahindra Ltd: Gained by 1.08%, closing at ₹2,831.60.
Hindustan Unilever Ltd: Gained by 1.05%, closing at ₹2,392.85.
State Bank of India: Gained by 0.68%, closing at ₹749.20.

80 Companies to Announce Q3 Results Today, Including Tata Steel and Coal India

Monday, January 27, is pivotal for the stock market as 80 companies are set to announce their Q3 earnings. Major names include Tata Steel, Coal India, Indian Oil, Adani Total Gas, Canara Bank, and ACC. Bajaj Housing Finance, Union Bank of India, and Railtel Corporation will also release results. ICICI Bank already reported a 15% rise in PAT to ₹11,792 crore for Q3 FY25. Other companies announcing results today include Emami, Adani Wilmar, Petronet LNG, Sundram Fasteners, and Prataap Snacks, spanning industries like logistics, chemicals, and manufacturing.

Budget Week: Sensex May Swing 4,000 Points, Volatility to Rise

This week brings high market activity with key events including the US Fed meeting, F&O expiry, and Union Budget 2025 on Saturday. The Sensex, currently at 76,190, may face resistance at 77,000, with potential to reach 78,150 or fall to 75,200. Last week, the Sensex fell 429 points, while Nifty dropped 0.5% to 23,092, its lowest since June 2024. Wipro led gains with a 14% rise, while Trent declined 12%. India VIX at 16.75 signals higher volatility, possibly reaching levels of 24-25.