Anant Raj has reported a growth of 58.17 per cent its net consolidated profit during the quarter ended December 30, 2024. Its profit after tax stood at Rs 71.43 crore in Q3 FY24 as against Rs 45.16 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.The company's net consolidated total income stood at Rs 401.02 crore in Q3 FY24.

Birla Corporation, a leading cement company, reported a consolidated profit of Rs 109.14 crore in Q3 FY24, compared to loss of Rs 49.91 crore in the same quarter last year. Its total income grew by 15.04%, and it aims to become a 30-million-ton player by 2030. The company's net worth was Rs 5,410.60 crore, and its debt-equity ratio was 0.71.

The SEC has adopted a rule requiring proprietary traders and firms dealing with U.S. securities to register as broker-dealers, aiming to improve liquidity in the Treasury market. The rule applies to traders that routinely express trading interest or derive revenue from securities trading. The final version of the rule includes changes to address concerns raised by investors.

SEBI has issued guidelines to ensure clarity and faster processing of public-offer documents in India's capital markets. These guidelines include the use of simple language and visual representations, avoiding technical terminology, and addressing any concerns from other regulatory authorities before resubmitting the document. Issuers and lead managers must ensure compliance before resubmitting.

WSB Real Estate Debt Fund II has invested Rs 55 crore in Shapoorji Pallonji Real Estate's BKC 9 project in Mumbai. They had previously invested Rs 75 crore in SPRE's BKC 28 project in 2022, which generated sales of Rs 200 crore. The BKC 9 project, in collaboration with Vakratunda Buildcon, is expected to bring in revenue exceeding Rs 250 crore and offers 92 apartments.

China's largest chipmaker Semiconductor Manufacturing International Corp (SMIC) on Tuesday reported a 55% fall in fourth-quarter profit, missing analyst expectations as it cited weak global demand and fierce industry competition. Unaudited profit attributable to owners of the company during the quarter came in at $174.68 million, down from $385.53 million in the quarter.

Maruti Suzuki India launched new compact Nexa service workshops and plans to have 100 of them by next fiscal. These workshops will bring the Nexa service experience to non-urban areas. The first 6 were opened in Haryana, West Bengal, Gujarat, Telangana, and Tamil Nadu. Around 30% of Nexa sales come from non-urban areas. Maruti Suzuki aims to set up 100 such workshops by FY 2024-25.

SBI has teamed up with Flywire to make it easier for Indian students to pay for international education expenses. The partnership allows for a seamless digital payment experience and benefits both students and institutions. With the growing number of Indian students seeking education abroad, this partnership comes at a crucial time in the global economy.

Embassy Group has signed a deal to develop a new residential project on 3.75 acres of land in Whitefield, Bengaluru. The project is expected to generate an estimated revenue of Rs. 550 crore and will include around 400 apartments. It is set to launch by Q4 FY24 and the company plans to introduce a total of Rs. 5,000 crore worth of inventory in the next year.

Berger Paints reports a 49.21% increase in net consolidated profit of Rs 300.16 crore in Q3 FY24 compared to Rs 201.17 crore in the same quarter last year. Net consolidated total income also grew by 7.26% to Rs 2,900.77 crore. CEO cites strong growth in volume and operating profits, with double-digit growth in decorative business and expansion into waterproofing and construction chemicals segment.

The company's net consolidated profit grew by 11.21% in Q3 FY24 to Rs 62.72 crore, while its net consolidated total income increased by 35.53% to Rs 548.31 crore. They have exceeded their bookings guidance for FY24 and will deliver their best year in terms of cash collections and project deliveries. The company has also granted new stock to employees.

Oil prices rose as investors watched for a resolution to the Gaza war and tensions in the Middle East, a major oil-producing region. US diplomat Antony Blinken met with leaders in Saudi Arabia and Egypt, but there are still signs of escalation and threats of Israeli assault on Gaza. Tensions also remain with Iran-backed attacks in Yemen.

The S&P 500 and Dow were subdued at the open on Tuesday with investors focusing on big-ticket earnings and commentary from Federal Reserve officials, while gains in some megacaps drove the tech-heavy Nasdaq higher. The Dow Jones Industrial Average rose 12.78 points, or 0.03% at the open, to 38,392.90. The S&P 500 opened higher by 7.35 points, or 0.15%, at 4,950.16.

Tata AIA Life Insurance on Tuesday announced the appointment of Venkatachalam H as its new Chief Executive Officer (CEO) and Managing Director (MD). Venkatachalam will take over from incumbent Naveen Tahilyani, who moves to another role in Tata Group but will continue as a non-executive director of the insurance company. Venkatachalam joined Tata AIA in 2016, the company said.

Akzo Nobel India, a paints and coatings company, reported a 16.84% increase in net consolidated profit for Q3 FY24. Its profit after tax was Rs 113.80 crore compared to Rs 97.40 crore in the same quarter last year. The net consolidated total income also rose by 4.19% to Rs 1,041.10 crore. The company's chairman stated that they surpassed the Rs 1,000 crore mark in quarterly revenue.