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.

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.