On January 9, 2023, Tata Consultancy Services (TCS) reported a lower-than-expected 11% increase in fiscal third-quarter profit. Net profit hit a high of Rs 10,846 crore in the December quarter of FY23 from Rs 9,769 crore. Also, the company announced a dividend and special interim dividend of Rs 75 per equity share for FY23.

On January 9, HDFC-backed HDFC Capital garnered $376 million from investors for scheme 2 of the HDFC Capital Affordable Real Estate Fund–3 (H-CARE 3). Additionally, H-CARE 3 will invest in technology companies (construction technology, fin-tech, sustainability-tech, etc.) engaged in the affordable housing ecosystem.

ONGC: Oil and Natural Gas (ONGC) overseas subsidiary, ONGC Videsh Ltd, has retaken a 20% stake in the Sakhalin-1 oil and gas fields in the far east region of Russia. Russian President Vladimir Putin in October 2022.

JSW Steel reported a combined crude steel production of  6.24 million tonnes in Q3FY23, rising by 17%. For the nine months of FY23, the combined steel production is up by 15%. In Q3FY23, the JSW Group flagship posted total sales of 6.24 million tonnes, compared to 5.35 million tonnes in Q3FY22 and 5.68 million tonnes in Q2FY23.

One97 Communications Ltd (Paytm) disbursed 3.7 million loans worth Rs 3,665 crore in the past month, up 330% YoY. 

On January 9, 2023, Jaguar Land Rover (JLR) forecasted free cash flow for Q3FY23 of over £400 million ($485 million) after reporting a 15% rise in wholesale volumes for the period on strong demand and improved chip supply. 

Multiplex operator PVR plans to operate 1,000 screens by the end of FY24, adding 100 more screens in the next 15 months. The company has achieved the milestone of 900 screens and also invested Rs 300 crore in adding another 100 screens, the company’s Joint Managing Director Sanjeev Kumar Bijli said. 

IDBI Bank has received interest from domestic and foreign investors to acquire a majority stake in the bank in the first transaction of its kind. DIPAM secretary Tuhin Kanta Pandey said the central government aims to complete the divestment process of IDBI Bank in the first half of FY24.