The Reading List: January 12, 2024 on January 12, 2024 at 9:33 am

A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams

Cable shockers: Ultracab promoters#39; stake sale makes Polycab’s poor governance look pretty on January 12, 2024 at 10:07 am

As of September 2023 end, promoters held 59.59 percent stake in Ultracab India which fell to 27.89 percent at the end of December.

Taking Stock: Market hits new milestone; Nifty at 21,900, Sensex rises 847 pts on January 12, 2024 at 10:12 am

Biggest gainers on the Nifty included Infosys, ONGC, Tech Mahindra, LTIMindtree and TCS, while losers were Cipla, Apollo Hospitals, Power Grid Corporation, UltraTech Cement and Bajaj Finserv

Wipro Q3 results: Net profit down 12% to Rs 2,694 crore in fourth consecutive quarterly decline on January 12, 2024 at 10:23 am

Wipro Q3 results: Consolidated revenue came in at Rs 22,205 crore, down 4.4 percent YoY, below analyst estimates of Rs 22,343 crore.

Wipro Q3 results: Net profit down 12 percent in fourth consecutive quarterly decline on January 12, 2024 at 10:23 am

Wipro Q3 results: Consolidated revenue came in at Rs 22,205 crore, down 4.4 percent YoY, below analyst estimates of Rs 22,343 crore.

Macrotech Developers soars 6% on Jefferies #39;buy#39; call, higher target on January 12, 2024 at 8:29 am

Jefferies is bullish on Macrotech Developers and has raised the target price to Rs 1,290 from Rs 884

Moneycontrol Pro Panorama | Budgeting for healthy banks  on January 12, 2024 at 8:47 am

In this edition of Moneycontrol Pro Panorama: Investors await Q3 earnings, time for a second green revolution, don’t buy the multi-asset funds story blindly, Ram Mandirand the electoral gain for BJP and more

JSW proposes to top Adani#39;s bid for coal-power plant: Report on January 12, 2024 at 8:52 am

The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment to meet a dramatic rise in electricity demand.

Coca-Cola to transfer bottling operations to local partners in Rajasthan, two other regions on January 12, 2024 at 9:00 am

Coca-Cola#39;s bottling arm Hindustan Coca-Cola Beverages (HCCB) is transferring bottling operations in Rajasthan, Bihar, and Northeast and parts of West Bengal to its existing partners in these three regions.

Nifty tops 21,900, Sensex at new high; IT, PSU bank, realty stocks rally on January 12, 2024 at 9:19 am

The single-biggest trigger has been the strong buying interest in IT stocks after Infosys reported in-line results and TCS surprised positively