EFC (I) reports an increase in net consolidated profit of Rs 21.11 crore in Q3 FY24, compared to Rs 2.14 crore in the same quarter last year. The company's total income also rose significantly from Rs 26.38 crore to Rs 173.68 crore. Additionally, EFC has secured leases for office spaces in Noida, Hyderabad, and Pune. The board of directors has also approved the creation of a subsidiary.

Capital Small Finance Bank, based in Jalandhar, raised Rs 156.92 crore through its anchor book and is now offering an IPO worth Rs 523 crore. The IPO was opened for subscription on February 7 and will close on February 9. The bank allocated 33,53,013 equity shares to institutional investors at a price of Rs 468 per share. It plans to use the proceeds for increasing its capital base.

China's securities regulator is taking steps to further limit short-selling in order to support struggling share prices and crack down on illegal arbitrage. Measures include suspending brokerages from borrowing shares for lending, banning same-day buying and selling of stocks, and stricter scrutiny over clients' trading. CSRC has announced a "zero tolerance" policy against malicious short sellers.

Capital Small Finance Bank Limited is going public on February 7, 2024 to raise Rs 523.07 crore through a combination of fresh issue and offer-for-sale. The lender plans to use the funds for augmenting its Tier-I capital base. The issue will be open for subscription from February 7 to February 9, with a price band of Rs 455-468 per share. The minimum lot size for bids is 32 shares.

Jana Small Finance Bank's IPO will open for subscription on Feb 7, aiming to raise Rs 570cr through a mix of fresh shares and offer-for-sale by existing shareholders. Key details include: dates (Feb 7-9), price band (Rs 399-414/share), lot size (36 shares), company profile (NBFC offering MSME & other loans), financials (total revenue of Rs 5,856cr in FY23).

Airtel reported a 54% increase in consolidated net profit for Q3, driven by improved ARPU without tariff hikes. However, Airtel believes that real improvement in ARPU and 5G monetisation will only be achieved through tariff repair. It also plans to discontinue 2G in the coming years and focus on 5G services, with low expectations for 5G monetisation due to free data offerings.

HDFC Bank, the largest private sector bank in India, has launched four new credit cards for small and medium enterprises (SMEs) and a digital platform for consolidating payables. They will also be introducing a new credit card for freelancers and gig workers. The bank holds the largest market share in the credit card business in India and has recently reached 2 crore credit cards in force.

Fitch Ratings expects India to miss its fiscal consolidation target of 5.1% GDP by 30 basis points, with a deficit forecast at 5.4% for 2025. The government aims to lower the deficit to 4.5% by 2026, but Fitch doubts this target can be achieved amidst the trade-off between growth and consolidation. The agency believes the government's focus on capex will support growth in the medium term.

Rashi Peripherals Limited IPO is set to open for subscription on February 7. The Rs 600 crore issue is an entirely fresh issue of 1.93 crore shares. Here are 10 key things to know before subscribing to the offer: IPO Dates The IPO will open for subscription on February 7, 2024, and close on February 9, 2024. Price Band The price band for the issue has been fixed at Rs 295-311 per share.

Experts say that RBI may hold more VRRR auctions as there is excess liquidity being parked by banks in SDF. The central bank conducts these auctions to remove the excess liquidity from the banking system. According to experts, if this imbalance in liquidity continues due to excessive parking in the SDF, the RBI could use VRRR auctions to better manage the situation.

BP reported $3 billion in earnings for the last quarter of 2023, bringing the total profits for the year to half of its record in 2022 due to falling energy prices. The company plans to buy back shares and keep dividends steady. Despite criticism from environmentalists, BP's CEO is confident in the company's strategy and operational performance.

The Delhi government's PWD has issued a notice to Larsen and Toubro for alleged flaws in the Pragati Maidan tunnel project, demanding a token amount of Rs 500 crore and ordering immediate repair work. L&T has countered with a claim of Rs 500 crore against the PWD. The tunnel, inaugurated by PM Modi in 2022, has faced closures due to waterlogging and design flaws.

Gold prices fell Rs 150 to Rs 63,200 per 10 grams in the national capital on Tuesday amid bearish cues from the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 63,350 per 10 grams in the previous close. Silver also tumbled Rs 600 to Rs 74,900 per kilogram, while it had settled at Rs 75,500 per kg in the previous trade.

Bajaj Finserv Mutual Fund on Tuesday (February 6, 024) opened subscription for its new large and mid cap mutual fund- Bajaj Finserv Large and Mid Cap Fund. This is a high-risk, open ended equity fund which will invest in both large cap and mid cap stocks. The fund will have regular as well as direct plans with the options of systematic investment plan (SIP) and the lump sum.

PolicyBazaar stock crashed 5.8 percent on February 6 after Moneycontrol reported that the income tax authorities may soon begin assessment proceedings against PB Fintech. The online insurance aggregator has been under the scanner for regulatory lapses and KYC non-compliance. The stock opened flat but fell as much as 12 percent to an intraday low of Rs 851.75.