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.

Facebook's user base continues to grow, making it a valuable source of data for CEO Mark Zuckerberg's plans to create powerful artificial intelligence. However, this data may come at a cost for users' privacy and could face criticism for potential bias and toxicity. Facebook's history of mishandling fake news and harmful content raises concerns.

Nestle India is expected to report strong revenue and net profit growth in Q4FY24, with a 14.5% rise in net profit and 9.7% increase in revenue. The company's EBITDA margin is also expected to improve due to better pricing and mix. However, competition from regional and local players has affected the growth of Nestle's instant noodles market. The FMCG industry has seen lower volume growth in Oct.

ExxonMobil Corp, Chevron Corp and Shell Plc all did in the fourth quarter what they’d promised: Start new oil and gas projects; cut costs; reward shareholders. Together, the Big Three returned more than $80 billion to shareholders last year, up from $78 billion in 2022 despite lower oil and gas prices, lower refining margins and fewer trading opportunities.

The Gumla administration is now holding deputy commissioner's court in remote villages to address issues related to the Chhotanagpur Tenancy Act. This move was prompted by concerns that tribals were not comfortable speaking up in the district headquarters. The DC is going directly to these villages to ensure that tribal land is not being transferred to non-tribals under pressure.

India's state-run banks are expected to produce $2 billion in dividends for the government in the next fiscal year, thanks to measures taken by Prime Minister Modi to strengthen the sector. This is an 8.7% increase from the current fiscal year, with net profits of over $12 billion and improved asset quality. The government is also expecting significant dividends from the central bank.

The Nifty50 index closed with 0.7% gains on February 6, led by IT and Oil & Gas stocks. The index started above 21,800 and climbed to 21,950 before some profit booking erased some of the gains. Technical analysts expect the up move to continue towards 22,000-22,130 as long as the recent swing lows of 21,730 are not breached.

Mining conglomerate Vedanta Ltd will invest $4 billion over the next three years to double oil production, its chairman Anil Agarwal said on Tuesday as he pushed ahead with an aggressive oil and gas expansion programme. Vedanta, which more than a decade back acquired Scottish explorer Cairn Energy's (now Capricorn Energy) India assets, is targeting 300,000 barrels per day.

India's Paytm is facing challenges as regulatory crackdowns have led to merchants refusing to use the app for digital payments. To address this, the company is mobilizing its sales team to reassure merchants and encouraging them to use partner banks. However, with bigger rivals like Walmart and Google entering the market, Paytm's dominance may be at risk.

Oil Marketing Companies (OMC) stocks closed between 5-7 percent higher on February 6 on the National Stock Exchange (NSE). Indian Oil Corporation of India (IOCL) shares closed 6.27 percent higher on the NSE. Hindustan Petroleum Corporation Limited (HPCL) shares closed 5.23 percent up on the NSE, while While Bharat Petroleum Corporation Limited (BPCL) closed 6.12 percent higher on the NSE.

SBI has received approval to acquire 100% stake in SBICAP Ventures from SBI Capital Markets for Rs 708 crore. The venture is engaged in asset and investment management with an AUM of Rs 33,055 crore. This acquisition aims to improve governance and has approvals from RBI and SEBI. It is expected to be completed by February 2024.