Stocks in News, January 10: TCS, Star Health and Allied Insurance, Tata Motors, IDBI Bank

Major Asian benchmark indices also gave mixed signals hours before the opening of the local stock markets.

Hang Seng was trading at 21,229.43, down 158.91 points or 0.74 per cent. Photo credit: File

Stocks in News Today, January 10: Stock markets are likely to start in red as SGX Nifty, an early indicator of sentiment on Nifty50, was trading at 18,157 down by 16 points or 0.09 per cent.

Major Asian benchmark indices also gave mixed signals hours before the opening of the local stock markets. Japan's Nikkei 225 was trading at 26,170.80, higher by 196.93 points or 0.76 per cent while China's Shanghai Composite advanced by nearly 2 points or 0.06 per cent at 3,178.02. Meanwhile, Hang Seng was trading at 21,229.43, down 158.91 points or 0.74 per cent.

Stocks in News Today, January 10:

Tata Consultancy Services: In a multi-year first, the country's largest software exporter TCS on Monday reported a marginal decline in its overall employees for the December 2022 quarter but announced that it will be hiring over 1.25 lakh staff in FY24. The software firm posted a decline of 2,197 people in its employee base for the October-December period to 6.13 lakh.

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Star Health and Allied Insurance: The company has reported a 13 per cent on-year growth in gross direct premium for nine months of FY23 from Rs 7,774 crore to Rs 8,752 crore. The retail health premium is up 19 per cent on-year to Rs 8,045.5 crore; the group health premium is down 38 per cent on-year to Rs 572 crore; and the personal accident premium grew 23 per cent on-year to Rs 133.5 crore.

Tata Motors: The company has reported a 15 per year-on-year increase in wholesale sales of Jaguar Land Rover to 79,591 units. The retail sail of the luxury carmaker grew by 5.9 per cent to 84,827.

IDBI Bank: The Union government has received interest from both domestic and foreign investors to acquire a majority in IDBI Bank, the divestment secretary said. On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank.

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