NTPC commissions India’s first green hydrogen blending project

The Markets Today in a nutshell

• Domestic stock market ended on a negative note.
• Investors were cautious as the US Federal Open Market Committee (FOMC) will release the minutes of the December policy meeting tonight. All the sectoral indices on the NSE ended in the red. Metals, PSU banks and realty shares tumbled.

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News you could use

? Reliance Industries subsidiary acquires stake in Sosyo Hajoori Beverages
Reliance Consumer Products (RCPL), the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures (RRVL) on Tuesday (3 January 2023) announced that it will acquire 50% equity stake in Gujarat-headquartered Sosyo Hajoori Beverages (SHBPL).

? HDFC Bank reports growth in advances for the quarter ended Dec 2022
The private lenders advances aggregated to approximately Rs 15,07,000 crore as of 31 December 2022, recording a growth of around 19.5% as against Rs 12,60,900 crore as of 31 December 2021. HDFC Bank registered a growth of around 1.8% in quarter ended 31 December 2022 from Rs 14,79,900 crore as of 30 September 2022.

? NTPC commissions India’s first green hydrogen blending project
The green hydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township, Surat. The project is a joint effort of NTPC and Gujarat Gas Limited (GGL).

News from the IPO world?

• Radiant Cash Management Services lists at 10% premium over issue price
• Sah Polymers IPO bought 17.46 times on final day
• IPO fund raising in India halves in 2022

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