A review petition has been filed at the Supreme Court challenging its January 3 verdict, in which it rejected a plea to transfer the probe of stock price manipulation by Adani Group to a special investigation team or the CBI. The petitioner claims there were errors in the judgement and new evidence warrants a review. The apex court had previously declined to order a CBI or SIT probe.

Sula Vineyards, India's largest wine company, saw a 9% increase in third-quarter profit thanks to higher demand for their premium brands and wine tourism. Their net profit rose to ₹42.98 from ₹39.28 last year. Their wine segment, which includes brands like Dindori and Rasa, made up 89% of their revenue and saw a 4% increase. The smaller wine tourism segment also saw a 16% rise in revenue.

Tata Power expects a long-term resolution to the issues surrounding procurement of power from its Mundra UMPP by June this year, the company's CEO Praveer Sinha told Moneycontrol in an exclusive interview. The Mundra facility in Gujarat had stopped its operations after hike in the price of its imported coal, which made the power purchase agreements (PPAs) it had with five states unviable.

Zee Entertainment Enterprises Ltd (ZEEL) on February 13 explained where it stands regarding the $10-billion merger that was called off by Sony Group's Indian arm and the likely impact on the media firm. Sony had last month terminated the merger agreement with ZEEL to merge its two Indian entities - Culver Max Entertainment (earlier known as Sony Pictures Network India) and BEPL.

A year after downgrading its outlook to “Negative” on four Adani Group firms following the explosive report by Hindenburg Research, Moody’s has revised the outlook back to “Stable”. The agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL - RG-1), Adani Transmission Step One, and Adani Electricity Mumbai to “stable” from “negative”, it said in a release.

Serial entrepreneur and investor Ronnie Screwvala has organized a meeting in Delhi with various edtech founders to discuss important issues concerning the edtech industry in India. This comes as Screwvala, founder of UpGrad, has been a vocal critic of leading edtech company Byju's. The meeting aims to address concerns and improve the credibility of the sector.

On Tuesday, Indian markets bounced back and closed above key resistance levels due to positive global cues. The S&P BSE Sensex gained almost 500 points while the Nifty50 closed above 21,700. Buying was seen in sectors such as banks, PSU, energy, and healthcare, while selling was observed in metal and smallcap stocks. Reliance Industries hit a record high and crossed Rs 20 lakh crore market cap.

The products include NEC Mi-Command (integrated command and control centre), NEC Mi-City (citizen engagement portal), NEC Mi-Eye (intelligent video analytics), and NEC Mi-WareSync (warehouse management system) NEC Corp. India, an IT and network technologies firm, on February 13 announced the launch of Advanced Smart City Tech Products for “organisations and authorities to manage operations.

Due to attacks on commercial vessels in the Red Sea, India's oil imports from Russia are taking a longer, more expensive route via the Cape of Good Hope. This has led to a decrease in Russian oil imports and may push India towards relying on traditional partners like Iraq for its crude oil needs. The longer route has increased freight costs and has impacted global maritime commerce.

New Delhi: Hindalco Industries, the flagship company of the Aditya Birla group, on Tuesday reported a 71% year-on-year jump in its consolidated net profit to ₹2,331 crore for the quarter ended December driven by a robust performance of its aluminium and copper businesses.The copper business registered an Ebitda growth of 20% on the back of strong volumes and robust operations.

Television broadcaster Zee Entertainment reported a 140% increase in profit at Rs 58.5 crore in the December quarter of FY24, up from Rs 24.32 crore during the same period a year ago. Zee which is reeling under the pressure of the terminated merger deal with Sony, saw a 52% drop in profits sequentially with the company reporting a profit of Rs 122.96 crore in Q2 FY24.

State-owned Hindustan Copper on Tuesday reported 21.44 per cent decline in consolidated net profit at Rs 63 crore for the quarter ended December 31, 2023 due to lower revenue from operations. The company had posted a net profit of Rs 80.20 crore for the year-ago period, Hindustan Copper said in a filing to BSE. Revenue from operations in the quarter dropped to Rs 399.29 crore.

Nifty on Tuesday ended 127 points higher to form a long bull candle with a lower shadow on the daily chart as the index bounced back from near the support at 21,600 level.The short-term trend of Nifty remains choppy with alternative candle formations like bull and bear. A sustainable move above the immediate resistance of 21,800-21,850 levels can open a sharp upside.

Esconet Technologies IPO: The initial public offering of Esconet Technologies is set to open for public subscription on February 16. Esconet Technologies IPO is an SME IPO and a book-built issue of ₹28.22 crore. Esconet Technologies is a provider of high-end supercomputing solutions, and data center facilities that include storage servers, network security, virtualization, and data protection.

Rashi Peripherals, the information and communication technology products distributor, is expected to start its first day of trade with double-digit premium on February 14, backed by the strong IPO subscription numbers and management's positive outlook on earnings. Stable equity market conditions may also support the listing premium. The Rs 600-crore IPO saw 59.71 times subscription.