Genus Power Infrastructures has released its standalone quarterly results, reporting a 28.88% increase in net sales at Rs. 258.28 crore in December 2023 compared to Rs. 200.40 crore in December 2022. The net profit for the quarter has also increased by 16.13% to Rs. 13.52 crore. Its EPS has increased to Rs. 0.52 from Rs. 0.45 in December 2022.

On February 14, Mansi Share and Stock Advisors was a net buyer in Kamdhenu Ventures and Websol Energy System but a net seller in Baweja Studios. High-frequency trading firms (HTFs) are using complex algorithms to trade at a lightning-fast speed, and their involvement has attracted retail investors to small, illiquid stocks like Kamdhenu Ventures.

A branch manager and his aides at ICICI Bank withdrew crores of rupees from unsuspecting customers' accounts to meet business targets. This was done by creating fake new accounts and then reversing the transactions to cover their tracks. The matter came to light when the officials were blackmailed and hush money was paid to keep it quiet.

On February 13, 2024, the IPO of SME Polysil Irrigation Systems was completed and the allotment status was announced on February 14. Investors can check the allotment status on Bigshare Services Pvt Ltd's portal. The refund process will start on February 15 for those who didn't receive shares. Those allotted shares will receive them in their demat accounts on the same day.

Tata Group and Uber Technologies are discussing a partnership to increase activity on Tata's digital platform. This may involve incorporating Uber into the ecosystem as a key app. However, Tata Neu, hailed as a 'super app', is facing challenges such as low user growth and engagement, according to sources.

The Association of Mutual Funds in India (AMFI) reported a decrease in complaints from investors and distributors for the first half of the financial year 2022-23, with only 485 grievances received compared to 619 last year. These complaints were primarily related to missing dividend payouts and other routine issues, with more critical complaints being escalated to AMFI's ARN committee.

BPCL and Cochin International Airport have signed an MoU to establish a green hydrogen plant and fuelling station at airport. This will help contribute to India's energy independence, AatmaNirbhar Bharat, and Vocal for Local initiatives. The project, expected to be completed by 2025, will be the first of its kind in Southern India and is part of BPCL's goal to achieve net-zero emissions by 2040.

The Indian share market saw a rise in indices Sensex and Nifty on February 14th, recovering from an initial fall and ignoring US inflation concerns. However, there are concerns about weak Q3 results, challenges in topline growth across sectors, and more earnings misses than hits causing profit booking. Valuation worries are also present, as the market has sustained at high levels.

Wise Travel India has successfully completed its initial public offering (IPO), which was oversubscribed over 148 times on the last day of bidding. The company, known for its premium cab services and self-employment opportunities for drivers, plans to utilize the net proceeds for growth and expansion in the Indian market. With an expected total revenue of ₹400 crore in the current fiscal year.

Indian government bond yields declined, influenced by lower U.S. yields and comments from a Fed official about potential interest rate cuts. The benchmark 10-year yield was at 7.0872%, lower than the previous close of 7.1110%. U.S. yields also decreased after higher-than-expected inflation data. Market expectations for rate cuts have been pushed back.

Singaporean Sovereign Wealth Fund GIC bought a stake worth Rs 5,747.04 crore in Data Infrastructure Trust. BCI IRR India and BIF IV Jarvis India also purchased shares at the same price, while BIF sold its stake for Rs 6,646.55 crore. RJ Corp acquired more shares in Global Health, while Dunearn Investments Mauritius sold its stake.

Tata Motors reduced prices of its Tiago.ev and Nexon.ev electric vehicles to make them more affordable, thanks to a decrease in battery prices. The newly launched Punch.ev's prices remain unchanged due to already factoring in the reduction. Other EV manufacturers see this as a step towards a more accessible electric future, with expectations of further price reductions as the market grows.

Eastern Silk Industries reported a decrease in net sales for the quarter ending December 2023 compared to the same period in 2022. They also reported a higher net loss and negative EBITDA. Despite this, their stock has seen significant returns in the past 6 months, but a slight decrease in the past 12 months. The company's financial report shows a decrease in raw material consumption.

Muthoot Finance shares rose 5% after reporting a 14% increase in net profit for the December quarter. Brokerages are cautious due to lower margins, with CLSA giving an "underperform" rating and Morgan Stanley an "underweight" rating. The company plans to raise up to Rs 16,000 crore through non-convertible debentures and aims to grow its subsidiary's share to 18-20% in the next five years.

Shares of State Bank of India (SBI), the nation's largest public sector bank, gained sharply in February, even as the bank reported a weak set of numbers in Q3, affected by higher wage provisions and soft other income.The stock has soared nearly 17% this month so far, marking its largest monthly gain since January 2022. Since December, it has risen approximately 33%.