SPARC targets $10 million cost savings, consolidates R&D ops in Vadodara site
The company is consolidating its operations in Vadodara, with US headcount slashed by over 80 percent, labs reduced from four to two sites, and overall workforce dropping 40 percent to around 246 by FY27 from 409 in FY24, driving R&D spend down to $14.3 million in FY25 from $20.4 million previously.
The Reading List: January 9, 2026
A selection of articles and social media posts from the world of economy, business and finance curated by our research and opinion teams
Bharat Coking Coal raises over Rs 273 crore via anchor book ahead of IPO with LIC being biggest investor
Bharat Coking Coal IPO | BCCL has finalised allocation of 11.87 crore equity shares to anchor investors at Rs 23 per share.
Gabion Technologies IPO closes with over 768 times subscription, check GMP ahead of listing next week
Gabion Technologies IPO | The IPO share allotment will be finalised by January 9, while its shares will be available for trading on the BSE SME effective January 13.
We have narrowed the gap with the market leader: BMW Group India President and CEO Hardeep Singh Brar
BMW India is looking at around 20,000 sales volume in 2026
BMW India records highest-ever sales in 2025, driven by SUV growth
This marks the fourth consecutive year of double-digit growth for BMW in India
Respiratory medicine volumes double in December due to poor air quality, seasonal factors
According to the latest PharmaTrac data, the respiratory unit sales rose 5.2% versus 2.6% for the overall IPM, while value growth held firm at 10.1% for respiratory compared with 10.6% for IPM, underscoring a demand-led finish to the year.
Nifty falls 1.7% in 4 days: Does the bear run have more legs? Trump's 500% tariff Bill a big negative for bulls
As long as Nifty manages to hold above 25,850, buying interest may emerge at lower levels, an analyst said.
Small, midcap stocks fall up to 11% amid broad-based selling: Hind Copper, HPCL among top losers
Notably, the broader markets had outperformed benchmarks yesterday, closing in the green while Sensex and Nifty ended the session in the red.
LG Electronics shares fall 4% after 3-month lock-in expiry, down 18% since listing: What lies ahead
LG Electronics share price: Analysts said that the stock may see some short-term volatility, though the long-term outlook remains positive.
500% US tariff on India? Gokaldas Exports, Avanti Feeds, other export-oriented shares tumble up to 13%
The shares of these export-oriented companies significantly declined as they derive a significant portion of their revenue from the American market.
Nalco, Hind Copper shares fall up to 5% to hit one-week low as global metal prices retreat
Copper, aluminium, gold and silver saw a massive surge recently, before beginning to decline as investors may have resorted to profit booking at elevated levels.
Hindustan Zinc shares tumble 5% as silver price drops below Rs 2.5 lakh/kg, silver ETFs fall 3%
Silver prices extended decline, falling up to Rs 4,000 per kilogram within an hour. Silver ETFs also dropped, mirroring the fall in the precious and industrial metal.
Meesho shares fall 5% for 2nd day after lock-in expiry, Rs 40,000 crore wiped off from m-cap since Dec high
Meesho share price: The stock has now fallen more than 35% from its December high of Rs 254.40 apiece.
SaaS firm Amagi Media Labs to launch Rs 1,789-crore IPO on January 13, price band at Rs 343-361 per share
Amagi Media Labs IPO | The company targets to raise Rs 816 crore via issuance of fresh shares, while existing shareholders will be selling up to 2.69 crore equity shares worth Rs 972.6 crore at the upper price band.
Indian Gas Exchange to launch Rs 600-700 crore IPO by December
Indian Gas Exchange IPO | The papers for the IPO are likely to be filed before the capital market regulator SEBI in the second quarter of 2026 calendar year.
LKP Finance acquires strategic stake in Gyftr
The transaction structure includes LKP Finance’s 22 percent stake in Mufin Pay and Mufin Pay’s 100 percent ownership of Gyftr, the company said in a release.
Freshworks to discontinue HR software Freshteam, halts renewals from March 2026
The Nasdaq-listed SaaS firm says the move is part of a shift toward building a more unified employee experience platform, with existing customers allowed to continue using the product through a transition period ending April 2027.
Mounjaro dominates GLP-1 segment that crossed Rs 1000 crore sales in 2025
According to PharmaTrac data., Mounjaro launched in March last year, added Rs.105 crore in December, taking its total sales to Rs.600 crore in sales, reflecting rapid uptake despite hardly any insurance coverage and out‑of‑pocket affordability constraints.
Sri Lotus Developers shares jump 4% as firm enters GIFT City with ultra-luxury project
Sri Lotus said that it has signed a development agreement with Abhishek Bachchan for the land parcel in Gujarat’s GIFT City.
Midhani, BEML, other defence stocks climb up to 4% amid rising global tensions around Greenland
Defence stocks: The rising geopolitical tensions globally may have boosted hopes for higher defence orders, in turn boosting the defence stocks.
Gabion Technologies IPO sees 195x subscription on day 2 amid strong investor demand
Gabion Technologies IPO | Investors have put in bids for 50.21 crore equity shares against offer size of 25.77 lakh shares via 1.2 lakh applications.
DKSH eyes India entry via acquisitions, targets specialty segments
The Swiss market‑expansion services group is in talks with potential acquisition targets and expects an entry to take shape over the next 12 to 24 months, Bijay Singh, global head of DKSH’s healthcare business, tells Moneycontrol
Emcure Pharma jumps 3% to fresh 52-week high amid weight-loss injection boost: Analyst says buy on dips
Emcure Pharma share price: Emcure Pharmaceuticals has witnessed a strong bullish breakout from its consolidation phase, supported by a clear surge in volumes, an analyst said.
Private jet flyers to get dedicated terminal at Navi Mumbai Airport by September 2026
Demand for private jet hangars at NMIA has been strong. Airport officials said applications for parking slot licences are nearly three times the available capacity
