Industry Trends

NHPC to raise ₹2,000 cr via private placement of bonds; board meet on Jan 8

The company has scheduled a board meeting on Thursday, January 8, 2026, to consider and approve the proposal for the perusal of the General Information Document (GID) and Key Information Document (KID) for the proposed bond issuance. Shares of NHPC Ltd ended at ₹83.70, up by ₹5.20, or 4.14%, on the BSE.

Industry Trends

US stocks start 2026 on firm footing as tech rebounds after recent losses

U.S. markets opened 2026 on a firm note, with the S&P 500 and Nasdaq rising as tech stocks rebounded after a volatile year-end. AI-driven gains, expectations of a more dovish Fed, and easing tariff concerns lifted sentiment. Investors now await key labour data to gauge the Fed’s 2026 policy trajectory.

Industry Trends

Why ED froze Rs 192 crore of WinZO assets: Alleged bot gaming, withdrawals, and overseas funds

The Directorate of Enforcement (ED), Bengaluru Zonal Office, has frozen assets worth around Rs 192 crore belonging to Zo Games Pvt Ltd, a wholly owned Indian subsidiary of WinZO Pvt Ltd, following search operations conducted under the Prevention of Money-Laundering Act (PMLA), 2002. In a statement, the ED said the assets were classified as Proceeds of Crime (POC) and frozen in the form of bank balances, fixed deposits and mutual funds under Section 17(1A) of the PMLA. The action followed a search carried out on December 30, 2025, at the premises of the accounting firm linked to WinZO Pvt Ltd, which operates an online real money gaming platform through its WinZO app. The agency said the latest searches build on earlier search and seizure operations conducted on November 18, 2025, at the company’s offices and at the residential premises of one of its directors. Based on evidence gathered during the searches and subsequent investigation, the ED alleged that WinZO was engaged in decepti...