Stocks in News, January 12: RailTel, PB Fintech, Tata Motors, IIFL Wealth

Stocks in News Today, January 12: Sensex and Nifty are likely to open in green on Thursday i.e. January 12 as SGX Nifty - which is traded on the Singapore stock exchange - traded over 51 points higher at 18,001 in the early trade. Earlier on Wednesday, equity benchmarks ended on a flat note amid unabated foreign fund outflows and a weak trend in index heavyweight Reliance Industries.

Asian-Pacific markets are also hinting towards a positive start as most markets traded in the green in early trade. While 
Japan's Nikkei 225 was up by around 4 points, and South Korea’s Kospi gained over 5 points at around 7:50 am. The Hang Seng index in Hong Kong too traded in green and surged over 233 points.

Also, Dow 30 ended at 33,973, up 268.91 points or 0.80 per cent while S&P 500 finished at 3,969.61, higher by 50.36 points or 1.28 per cent. Nasdaq Composite settled 189 points or 1.76 per cent higher at 10,931.70.

Stock in News Today, January 12

RailTel: The company has received orders from the Government of Puducherry for designing, development, operations and maintenance of Integrated Command Control Center and other associated activities for Puducherry Smart City. The order is worth Rs 170.11 crore.

IIFL Wealth Management: The company is likely to consider the declaration of a fourth interim dividend, if any, for FY23 as well as a sub-division of equity shares. The board members will also consider the issue of fully paid-up bonus equity share(s) to the shareholders of the company. The board of the company will meet on January 19.

Tata Communications: Indian stock market investor Rekha Rakesh Jhunjhunwala has increased her stake to 1.79 per cent in Tata Communications. Earlier, the stake was 1.61 per cent.

PB Fintech Ltd: It has received in–principle approval for an account aggregator from RBI.

Tata Motors: The company plans to expand its electric car portfolio with new models. The company's managing director said on Wednesday that the company will launch a new EV in 2025.