BPCL Q3 Net Profit Rises 37% YoY to ₹4,649 Cr; ₹5 Dividend

BPCL Q3 Results 2025: Net Profit Rises 37% YoY to ₹4,649 Crore, ₹5 Dividend Declared

Q3 Net Profit

Bharat Petroleum Corporation Ltd (BPCL), the state-run oil refiner, announced its Q3 results today, reporting a 36.85% year-on-year increase in standalone profit after tax (PAT). The company's net profit rose to ₹4,649 crore, up from ₹3,397 crore in the same quarter last year.

Revenue from Operations

However, revenue from operations for the quarter ending December 2024 declined by 1.86% YoY, totaling ₹1,27,520.50 crore compared to ₹1,29,946.95 crore in the same period last year.

Interim Dividend

The company also announced an interim dividend of ₹5 per share for FY25, with January 29 set as the record date for the dividend payout.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Tata Group Stock in Focus After 424% YoY Net Profit Increase

Tata Group Stock in Focus After Reporting 424% YoY Net Profit Increase

Stock in Focus

Shares of Tata Communications Limited, a leading global communications technology player and a part of the Tata Group, are in focus on Wednesday after the company reported its financial results for Q3 FY25, which included a 424% year-on-year increase in net profit. With a market capitalization of ₹47,238.8 crores, the shares of Tata Communications Limited surged nearly 0.3% to hit an intraday high of ₹1,702, compared to its previous closing price of ₹1,697.3.

Q3 FY25 Financial Results

Tata Communications Limited announced its financial results for Q3 FY25, with revenue from operations at ₹5,798.07 crores, a marginal increase of approximately 1.2% quarter-on-quarter (QoQ) from ₹5,727.85 crores in Q2 FY25, and an increase of about 3.8% year-on-year (YoY) from ₹5,587.8 crores in Q3 FY24. The company’s net profit for Q3 FY25 grew to ₹236.08 crores, representing a marginal rise of around 3.8% QoQ from ₹227.3 crores in Q2 FY25, as well as a substantial year-on-year increase of nearly 424% from ₹45.05 crores in Q3 FY24.

Stock Performance

The stock has delivered negative returns of nearly 6.3% in one year, and around 6.3% positive returns in the last six months. However, shares of Tata Communications have fallen by about 2.2% in the last month.

About Tata Communications Limited

Incorporated in 1986, Tata Communications Limited offers international and national voice and data transmission services, selling and leasing bandwidth on undersea cable systems, internet connectivity services, and other value-added services including telepresence, managed hosting, mobile global roaming and signaling services, transponder leasing, television uplinking, and other related services.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Trishakti Industries Stock in Focus After ₹60 Million NCC Contract

Trishakti Industries Stock in Focus After ₹60 Million Contract from NCC

Stock Performance and Market Cap

Shares of Trishakti Industries Limited, a premier infrastructure solutions provider specializing in hiring heavy earth-moving equipment, are in focus on Wednesday after securing a contract from NCC Limited worth ₹6 crore to support their Adani Power Project. The stock opened in the red at ₹166.6, down by 2%, compared to its previous closing price of ₹170, with a market capitalization of ₹272 crores.

New Contract from NCC Limited

Trishakti Industries Limited announced in its latest regulatory filings with the BSE that it has received a contract from NCC Limited worth ₹6 crore, with the order scheduled to be executed within 12 months. Under this contract, Trishakti Industries will supply advanced earth-moving heavy equipment worth ₹6 crore to support NCC’s Adani Power Project.

Previous Orders

• January 1, 2025: The company secured a contract from Larsen & Toubro Limited (L&T) to supply machines worth ₹2.5 crore to support their Kolkata Metro Project.
• January 1, 2025: Trishakti Industries Limited received its largest-ever order from KEC International Limited. Under this contract, the company will deploy heavy machines valued at ₹9 crore to support their Tata Steel’s Plant.

Financial Performance

Trishakti Industries reported a decline in revenue from operations, experiencing a fall of nearly 92.2% YoY, decreasing from ₹36.43 crores in Q2 FY24 to ₹2.85 crores in Q2 FY25. However, the company’s net profit increased from ₹0.08 crores to ₹0.87 crores over the same period, representing a rise of around 987.5% YoY.

Management Guidance and Capex Update

The company is undergoing a ₹400 crore capex investment over the period from FY25 to FY27. As of the first half of FY25, the company’s capex amounted to ₹11.5 crores. The capex plan for FY25 is ₹38.5 crores, which will increase to ₹100 crores in FY26, and further to ₹250 crores in FY27. The company's fleet size is expected to grow from 15 units in H1 FY25 to 30 units by FY25, 75 units by FY26, and 150 units by FY27. By Q3 FY25, the total procurement of machinery had reached ₹16 crores, with the company remaining on track to meet its FY25 capex target of ₹50 crores. Driven by ongoing capex and the company's strategy to leverage the infrastructure boom, Trishakti Industries is projected to achieve a revenue of ₹90-100 crores by FY28, with operating margins exceeding 60-65%.

Stock Performance

The stock has delivered multi-bagger returns of nearly 307% in one year, as well as around 217.3% returns in the last six months. However, the shares of Trishakti Industries have given negative returns of about 6.7% in the last month.

About Trishakti Industries Limited

Established in 1985, Trishakti Industries Limited is engaged in the business of infrastructure/heavy equipment lease rental.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Jio Financial & BlackRock Invest ₹117 Cr in Mutual Fund Venture

Jio Financial Services and BlackRock Invest ₹117 Crore in Mutual Fund Venture

Joint Investment in Mutual Fund Business

Jio Financial Services Ltd (JFSL) and BlackRock have jointly invested ₹117 crore in their mutual fund venture. Both companies have acquired 5.85 crore equity shares, each valued at ₹10, in Jio BlackRock Asset Management Private Limited. This joint venture is equally owned by JFSL and BlackRock, according to a regulatory filing.

Investment Details

The joint venture, Jio BlackRock Asset Management Private Ltd, has applied to SEBI for necessary approvals. Initially, both JFSL and BlackRock had invested ₹82.5 crore each in the entity. This move signifies a key step in their collaborative efforts to expand their financial services.

New Subsidiary for Broking Activities

In addition to the asset management venture, Jio BlackRock Investment Advisers Private Ltd, another joint venture company, has established a new subsidiary called ‘Jio BlackRock Broking Private Limited,’ which was incorporated on January 20, 2025. This subsidiary aims to engage in broking activities, pending regulatory approvals.

Financial Performance of JFSL

JFSL reported a stable consolidated profit of ₹295 crore for the third quarter, slightly higher than the ₹294 crore recorded in the same period last year. Total income rose to ₹449 crore from ₹414 crore in the previous year's third quarter. Total expenses for JFSL increased to ₹131 crore during this period, compared to ₹99 crore a year earlier.

Strategic Collaboration

The collaboration between JFSL and BlackRock highlights their commitment to strengthening their position in the financial sector. With strategic investments and new ventures, they aim to enhance their service offerings and market reach.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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HDFC Bank Q3 Net Profit Up 2.2% YoY to ₹16,736 Cr, Beats Estimates

HDFC Bank Q3 Results: Net Profit Up 2.2% YoY at ₹16,736 Crore, Beats Estimates

Q3 Net Profit

India's largest private sector lender, HDFC Bank, reported its financial results for the third quarter of FY25, posting a 2.2% year-on-year rise in standalone net profit, reaching ₹16,736 crore. The earnings surpassed Street expectations, with analysts projecting a net profit of ₹16,650 crore, according to a poll.

Net Interest Income (NII)

The bank's net interest income (NII), a key metric of the bank's earnings, grew by 8% YoY to ₹30,690 crore during the quarter, which was in line with expectations. The Net Interest Margin (NIM) for the quarter was flat at 3.4%.

Asset Quality

This steady growth in HDFC Bank's core earnings, both NII and net profit, came despite a rise in Non-Performing Assets (NPAs) and NPA ratios. The share market responded positively despite these concerns, with HDFC Bank's share price rebounding from intraday lows to jump firmly into the green, which helped to lift benchmark indices. Soon after the Q3 results were announced, HDFC Bank stock was trading up 1.3% at ₹1,664 on NSE.

Increase in Gross and Net NPAs

HDFC Bank faced some pressure on asset quality during the quarter. Gross non-performing assets (GNPA) increased to ₹36,019 crore as of December 31, 2024, up 16% from ₹31,012 crore a year ago. Consequently, the GNPA ratio expanded by 18 basis points to 1.42% from 1.26% in the same period last year. Similarly, net non-performing assets (NNPA) jumped 51% to ₹11,588 crore, with the NNPA ratio increasing by 15 basis points to 0.46% from 0.31% YoY.

Provisions and Deposits

Provisions for the quarter declined to ₹3,154 crore from ₹4,217 crore in the same period last year, reflecting a YoY reduction of 25%. Total deposits stood at ₹25.6 lakh crore as of December 31, 2024, registering a 15.8% YoY growth, while total advances rose 3% to ₹25.2 lakh crore during the same period.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Hindustan Unilever Acquires 90% Stake in Minimalist for ₹2,955 Cr

Hindustan Unilever Acquires 90% Stake in Minimalist for ₹2,955 Crore

Acquisition of Minimalist

FMCG major Hindustan Unilever Limited (HUL) has announced the acquisition of a 90.5% stake in skincare startup Minimalist for ₹2,955 crore. The company made the announcement while releasing its quarterly results on January 22.

Details of the Deal

HUL will acquire the 90.5% stake in Minimalist through secondary buyouts and a primary capital infusion at a pre-money enterprise value of ₹2,955 crore. The deal is subject to adjustments as per the transaction document. The company will buy the 90.5% stake from existing investors, including Peak XV Partners and others. The remaining 9.5% stake will be acquired from the founders in two years as per the terms set out in the transaction documents.

Minimalist's Growth

Minimalist, founded by brothers Rahul Yadav and Mohit Yadav, has seen its valuation increase from approximately ₹630 crore (about $75 million) to ₹3,000 crore ($350 million) in about three years, driven by increasing revenues and a stable profit profile. This is one of the largest deals in the direct-to-consumer (D2C) space in recent years, particularly in the skincare industry. In FY24, Minimalist generated a revenue of ₹350 crore, a 89% increase from ₹184 crore in FY23. During the same period, its profit more than doubled from ₹5 crore to ₹11 crore. Minimalist has been profitable for at least four years, according to reports.

Financial Discipline

Based on its FY24 numbers, Minimalist has commanded a revenue multiple of about 10X, which is significantly higher than the 4-6X that similar direct-to-consumer (D2C) startups typically get during similar deals. This premium is largely attributed to its financial discipline. About three years ago, Minimalist raised ₹110 crore ($15 million) from Unilever Ventures, the venture investing arm of Unilever, and others to scale its business.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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HUDCO Q3 Net Profit Jumps 42% YoY to ₹735 Cr, Declares Dividend

HUDCO Q3 Net Profit Jumps 42% YoY to ₹735 Crore, Declares ₹2.05 Dividend

Strong Q3 Performance

Housing & Urban Development Corporation Ltd (HUDCO) reported a net profit of ₹735 crore in the October-December quarter (Q3) of FY25, a 42% increase compared to the ₹519.23 crore net profit in the same quarter of the previous financial year. The Navratna company also recorded a strong revenue rise of nearly 37%, reaching ₹2,760 crore in Q3, up from ₹2,013 crore in the year-ago period.

Interim Dividend

HUDCO also announced an interim dividend of ₹2.05 per equity share for the current financial year 2025. The company has set January 30 as the record date for determining the eligibility of shareholders set to receive the dividend.

Increased Borrowing Plan

Notably, HUDCO has raised its borrowing plan for the current financial year from ₹40,000 crore to ₹55,000 crore, citing a "quantum jump in business" as the reason behind the decision.

Expenses and EPS

HUDCO's expenses saw a 39% year-over-year rise to ₹1,838 crore in Q3. Its earnings per share (EPS) stood at ₹3.67. As of December 2024, the President of India held the majority of the stake in the company at 75%.

Planned Exit from IBHL

HUDCO also announced its plan to exit from its associate company Ind Bank Housing Limited (IBHL). The company cited reasons for this decision in its exchange filing.

Stock Performance

HUDCO shares closed 0.62% lower at ₹228 on January 22. The shares have fallen approximately 30% in the past six months.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Hindustan Unilever Q3 Net Profit Surges 19% YoY on Gains

Hindustan Unilever Q3 Results: Net Profit Surges 19% YoY on Exceptional Gains

Q3 Net Profit Increase

Hindustan Unilever Limited (HUL) reported a 19% year-on-year increase in net profit for the quarter ended December 2024 (Q3 FY25), driven by a one-time exceptional gain from the divestment of its Pureit business. The company's standalone net profit stood at ₹3,001 crore, significantly higher than the ₹2,519 crore reported in the same quarter last year.

Revenue Growth and Underlying Volume Growth

HUL’s standalone revenue for the quarter rose by 2% to ₹15,195 crore, supported by a 6% underlying sales growth (USG) in the Home Care segment, which benefited from high-single-digit volume growth in categories like fabric wash and household care. However, overall underlying volume growth (UVG) was flat, reflecting a negative product mix.

Management Commentary

Rohit Jawa, CEO and Managing Director of HUL, noted that FMCG demand trends remained subdued, with continued moderation in urban growth while rural sustained its gradual recovery. Despite this, the company delivered competitive growth by driving unmissable brand superiority, investing behind brands and capabilities, and maintaining healthy margins.

EBITDA and Profitability

HUL maintained a healthy EBITDA margin of 23.5%, despite a 20-basis-point contraction compared to the year-ago period. Profit before tax (PBT) grew 16% to ₹3,978 crore, aided by an exceptional gain of ₹509 crore. Excluding this gain, profit after tax before exceptional items was flat year-on-year at ₹2,540 crore.

Stock Performance

Hindustan Unilever share price ended flat at ₹2,343 on NSE today ahead of the results announcement.

Segment-wise Performance

• Home Care: This segment saw strong volume-led growth, with fabric wash and household care delivering high-single-digit growth. Liquid detergents continued their double-digit growth trajectory, while the launch of the Sun liquid dishwash brand marked a strategic push into the mass market.
• Beauty & Wellbeing: Segment revenue grew 1%, though volumes saw a low-single-digit decline due to a delayed winter impacting the skincare portfolio. Hair care delivered mid-single-digit volume growth, driven by products like Dove and Tresemme.
• Personal Care: Revenue in this segment declined by 4%, with a mid-single-digit volume drop due to a slowdown in the hygiene segment of skin cleansing. However, body wash products registered strong double-digit growth, and Lifebuoy was relaunched to address the hygiene segment's challenges.
• Foods: Segment revenue remained flat, with mid-single-digit growth in packaged foods offset by a decline in volumes. Coffee registered double-digit growth, while tea maintained its market leadership.

Strategic Actions

HUL announced the acquisition of Minimalist, a premium beauty brand, to expand in the high-growth masstige beauty segment. The company also completed the divestment of its Pureit water purification business and approved a scheme for the demerger of its ice cream division. According to Rohit Jawa, these strategic initiatives position the company well for long-term growth in the Indian FMCG sector. The company remains optimistic about the medium-to-long-term opportunities in India's FMCG market.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Zomato, Swiggy Shares Slip 3% Amid Quick Commerce Competition

Zomato, Swiggy Shares Slip 3% as Quick Commerce Rivalry Intensifies

Shares Decline Amid Competition Concerns

Shares of quick commerce players Swiggy and Zomato extended their losses, dropping another 3% on January 22, as concerns grow over intensifying competition in the sector. These concerns gained momentum following Zomato's sharp profit decline in Q3, driven by its aggressive dark store expansion plan for its quick commerce business, Blinkit. This development has dampened spirits in the food-delivery and quick commerce sector, where Zomato and Swiggy largely hold a duopoly in terms of market share.

Zomato's Aggressive Expansion

Zomato's decision to aggressively expand its store network for Blinkit led to increased investment costs, which inflated losses in the quick commerce vertical and squeezed the company's overall net profit in Q3. While several brokerages commended Zomato's expansion efforts, Jefferies also noted that it may prompt competitors to follow suit, leading to a potential increase in competition.

Stock Performance

Amid these concerns, Zomato's shares have dropped 17% in three consecutive sessions, while Swiggy's shares have lost 11% in two days. The recent downturn in Swiggy's shares has taken the stock close to its listing price. Swiggy had listed with a 7.69% premium at ₹420 per share on the NSE on November 13. The stock initially surged by 32% to ₹617 per share before experiencing the recent decline.

As of today's session, shares of Swiggy hit an intraday low of ₹424.65, while those of Zomato slipped to ₹203.85.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Reliance Capital Pursues Delisting Post IndusInd Bid

Reliance Capital Pursues Delisting of Shares After IndusInd Bid

Delisting Process Initiated

Reliance Capital, facing significant debt, has initiated the process to delist its shares from stock exchanges. The company has filed applications with the BSE and NSE for the delisting of its equity shares, following approval from the monitoring committee. Additionally, it has sought to delist its non-convertible debentures from the BSE, as stated in a regulatory filing.

IndusInd International Holdings Ltd (IIHL) Bid

Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as the successful bidder for Reliance Capital's resolution, offering ₹9,650 crore. Subsequently, IIHL contributed an additional ₹200 crore to improve the company's solvency beyond the initial bid amount. The National Company Law Tribunal (NCLT) in Mumbai approved IIHL's resolution plan on February 27, 2024. The deadline for completing the transaction was extended to January 31, 2025.

Background and Regulatory Intervention

Reliance Capital is registered with the Reserve Bank of India (RBI) as a core investment company. It oversees several entities such as Reliance Nippon Life Insurance, Reliance General Insurance, Reliance Money, Reliance Securities, Reliance Asset Reconstruction, and Reliance Commercial Finance. In November 2021, the RBI intervened due to governance issues and payment defaults by the Anil Dhirubhai Ambani Group company. The central bank replaced Reliance Capital's board and appointed Nageswara Rao Y as the administrator. In February 2022, he invited bids to take over the company.

Strategic Measures for Resolution

These steps taken by Reliance Capital are part of its ongoing efforts to resolve its financial difficulties through strategic measures. By delisting its shares and engaging with potential investors like IIHL, the company aims to stabilize its operations and address its debt obligations effectively.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Stock Market Live: Sensex Gains 320 Pts, Nifty50 Above 23,000; Wipro Up

Stock Market Live Updates: Sensex Rallies 320 Points, Nifty50 Above 23,000; Wipro Gains 2%

Positive Market Opening

The stock markets opened on a positive note today, with strong early gains across key indices. The Sensex surged by 287 points, reaching 76,125, reflecting investor optimism. Similarly, the Nifty 50 followed suit, rising by 65.55 points, or 0.28%, and opening at 23,090.20.

GIFT Nifty and Market Sentiment

The GIFT Nifty is setting a hopeful tone for India's broader indices, showing a gain of 0.05% in early trade. As of 8:30 am, GIFT Nifty futures were hovering around 23,161, signaling optimism for the market open. This follows a challenging session on Tuesday, when the Sensex tumbled by 1.60%, shedding 1,235 points to close at 75,838.36, and the Nifty dropped by 1.37%, sliding 320.1 points to end at 23,024.65. Weak corporate earnings and uncertainty around potential trade policies under President Trump had previously weighed heavily on investor sentiment.

UCO Bank Q3 Result

For the quarter ending December 31, 2024, UCO Bank reported Net Interest Income (NII) of ₹2,378 crore, a 19.62% year-on-year growth over ₹1,988 crore in Q3FY24. NII increased 17.21% year-on-year to ₹6,932 crore for the nine months ending in December 2024, compared to ₹5,914 crore for the same period in 2023. The Net Interest Margin (NIM) was 3.17% for the quarter ending December 31, 2024, compared to 2.84% for the same period the year before. The NIM was 3.12% for the nine months ending December 2024, compared to 2.88% for the nine months ending December 2023.

Global Market Performance

• US Markets: Wall Street closed on a positive note on Tuesday as investors welcomed President Trump. The Dow Jones Industrial Average (DJIA) led the gains, rising 537.98 points (+1.24%) to close at 44,025.81, while the S&P 500 added 52.58 points (+0.88%) to settle at 6,049.24. The NASDAQ Composite also advanced, gaining 126.58 points (+0.64%) to finish at 19,756.78.
• Asian Markets: Asian markets showed a mixed performance in early trading. Japan’s Nikkei 225 led the gains, rising by 576.73 points (+1.48%) to close at 39,604.71. South Korea’s KOSPI and Australia’s ASX 200 also edged higher, gaining 18.73 points (+0.74%) and 28.7 points (+0.34%), respectively. In contrast, Chinese markets struggled, with the Shanghai Composite dropping 30.18 points (-0.93%) to 3,212.45, and the Shenzhen Component falling 96.6 points (-0.94%) to 10,209.09. Hong Kong's Hang Seng Index (HSI) saw the steepest decline, losing 272.04 points (-1.35%) to finish at 19,834.51.

Previous Day's Market Decline

On January 21, the Indian stock market witnessed a significant sell-off, closing with notable losses across key indices. The benchmark Sensex plummeted by 1,235.08 points, or 1.60%, to settle at 75,838.36. The Nifty 50 also experienced a substantial decline, shedding 299.45 points, or 1.28%, to close at 23,045.30. The downturn was attributed to weak corporate earnings, global market uncertainties, and investor concerns over domestic and international economic policies.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Trump Announces $500 Billion AI Investment with Oracle, SoftBank, OpenAI

President Donald Trump Announces $500 Billion AI Initiative

New AI Investment

US President Donald Trump has announced a $500 billion investment in AI infrastructure through a new company called Stargate, which is being created in partnership with Oracle, SoftBank, and OpenAI. This venture will involve the construction of new data centers to enhance computing power and will be open to other investors.

Partners and Initial Data Centers

The three companies plan to contribute funds to the venture, which will begin with 10 data centers already under construction in Texas. At a White House news conference, Trump announced the formation of Stargate along with Oracle Chief Technology Officer Larry Ellison, Softbank CEO Masayoshi Son, and OpenAI CEO Sam Altman.

Job Creation and National Priority

Trump stated that Stargate will invest at least $500 billion in AI infrastructure in the United States, creating over 100,000 American jobs almost immediately. He emphasized the importance of keeping technology development in the country, citing China and other countries as competitors. He added that Stargate will build the physical and virtual infrastructure to power the next generation of advancements in AI and will include the construction of massive data centers and physical campuses.

Comments from Partners

Oracle's Larry Ellison acknowledged that this initiative would not have been possible without Trump. He said that they have been working with OpenAI and Softbank for a while, and that the data centers, each being half a million square feet, are under construction, with the first location in Texas. He described some of the applications as being able to improve electronic health records and allow doctors to better understand the condition of their patients. SoftBank CEO Masayoshi Son said that his company would immediately start deploying $100 billion, with the goal of making US$500 billion within the next four years, describing this project as the most important of this era. OpenAI CEO Sam Altman stated that the project is exciting, and he is happy it will be developed in the United States.

New Investments

Trump said that he has already secured nearly $3 trillion of new investments in the United States before the end of his first full business day in the White House, and that this figure could reach $6 trillion or $7 trillion by the end of the week. He also noted that tremendous amounts of money are coming in for many things other than even AI, though AI seems to be very popular.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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