Good morning!
Here are the top stories to start your day.
For more updates on F&O, click here.
⭐ JSW Energy acquires Ind-Barath Energy (Utkal)
JSW Energy has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) through insolvency proceedings. As per the resolution, JSW Energy will pay ₹1,047 crore for 95% equity stake, while the balance 5% will be collectively held by the secured financial creditors.
⭐ KFin Technologies debuts today
Shares of KFin Technologies, which runs a financial service platform, is expected to list on the bourses on 29th December. The company’s IPO was subscribed 2.5 times. It raised ₹1,500 crore through the IPO which was priced in the range of ₹347-366 apiece.
⭐ Ashoka Buildcon secures new order
Infrastructure firm Ashoka Buildcon has bagged a project worth ₹754 crore. The new project comes from Madhya Pradesh PoorvKshetra Vidyut Vitaran Company and involves supply, installation and commissioning of a new 11 KV line.
Global markets (at 8:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.45% |
| Nikkei 225 (Japan) | ▼ 1.30% |
| Hang Seng (Hong Kong) | ▼ 0.90% |
| SSE Composite (China) | ▼ 0.10% |
| Dow Jones (US) (December 28) | ▼ 1.10% |
| NYSE (US) (December 28) | ▼ 0.91% |
| Nasdaq (US) (December 28) | ▼ 1.35% |
| S&P 500 (US) (December 28) | ▼ 1.20% |
Fact of the day
As per a new report, passenger air traffic will hit 93% of pre-pandemic levels in FY23 and could surpass pre-covid levels in FY24.
Source: Live Mint
Download the Upstox App Today