Estee Lauder is reducing their global workforce by 3%-5% as Chinese customers opt for more affordable luxury products, causing a dip in sales and margins. Other global brands are also seeing a decline in demand due to economic challenges and the rise of local Chinese brands. Estee Lauder expects these cuts to result in higher profits by 2026, but has lowered their profit forecast.

US and India have a strong focus on energy transition and are working together to ensure alternative supply chains, particularly for renewables. Assistant Secretary of State Geoffrey Pyatt highlighted the importance of US-India energy relations, citing challenges such as geopolitical disruptions in supply chains and the need for alternative sources to China.

Finance Minister Nirmala Sitharaman announced a reduction in market borrowing plan for FY 2024-25, leading to a drop in government bond yields. The gross and net market borrowing has been pegged at Rs. 14.13 lakh crore and Rs. 11.75 lakh crore respectively, lower than most experts' expectations. This move is expected to benefit the private sector and households.

Mubadala Investment Company announced on Monday that it will invest in Manipal Health Enterprises, with Temasek maintaining a majority stake. Temasek had acquired 41% of the company last year, but has now reduced its share by 8%. The hospital chain also welcomed new investors Novo Holdings and CalPERS. Mubadala expressed its support for Manipal's future growth prospects.

Orient Cement Ltd's consolidated net profit for the December quarter increased 63.54% to Rs 44.99 crore, while its revenue from operations rose 2.6% to Rs 751.30 crore. Total expenses were down by 1%, bringing the company's total income to Rs 753.22 crore in the quarter. Its board also approved the reappointment of the MD and CEO for a one-year period.

China is taking steps to restrict trading amidst a stock market decline, including limiting cross-border swaps and banning sell orders from certain hedge funds. The government is also attempting to stabilize markets with measures such as preventing illegal activities and guiding long-term investment, but some investors remain skeptical and are concerned about margin calls and forced liquidation.

Healthcare distributor Entero Healthcare Solutions, backed by OrbiMed, will open its IPO on February 9. The price band will be announced on February 6 and the offer will close on February 13. The IPO consists of a fresh issue of Rs 1,000 crore and an offer-for-sale by current shareholders, including promoters Prabhat Agrawal and Prem Sethi.

BLS E-Services, a digital business correspondence services provider, is expected to have a strong debut on February 6 with experts predicting a listing premium of around 125-130 percent over the issue price of Rs 135 per share. This is due to a variety of factors such as positive market conditions, robust IPO subscription numbers, and the company's asset-light business model.

Shree Cement clarified that there is no demand for tax deposition from the Income Tax department, despite a news report claiming otherwise. The department had sent a notice last month, asking for a response on an inquiry, but there is no requirement for depositing taxes mentioned in the notice. The department conducted a survey in June 2023.

The Indian-origin prime ministers of the UK and Ireland, Rishi Sunak and Leo Varadkar, met on Monday to oversee a historic power-sharing pact in Northern Ireland, where a devolved government took charge after two years. Prime Minister Sunak and Taoiseach Varadkar met at Parliament Buildings, Stormont Castle, in Belfast as they hailed efforts to restore devolution in Northern Ireland.

Kansai Nerolac Paints Ltd reported a 39.57% increase in consolidated net profit of Rs 152.09 crore for the December quarter, with improved margins. Their revenue rose 5% to Rs 1,918.71 crore and total expenses were up 2.72%. The company saw good demand and double-digit volume growth for industrial and decorative coatings. Managing Director Anuj Jain expects rural demand to pick up.

Jio Financial Services has clarified that it is not in talks to acquire Paytm wallet. This comes after a report stating that Jio and HDFC Bank were looking to acquire the troubled wallet business from One 97 Communications. The stock price of Jio, which recently got demerged from RIL and listed on stock exchanges, rose 14%. RBI has also reportedly found issues with KYC compliance.

HCL Foundation, the CSR wing of HCL Tech, said on Monday that it is working with 5.5 million people across 20 states through its CSR initiatives. Nidhi Pundhir, Vice President, Global CSR, HCLTech, and Director, of HCL Foundation, said, "We have contributed significantly during emergencies such as the Michaung cyclone, and the cold wave in Delhi."

Multiple startups have appealed to the Supreme Court against the Madras High Court's decision to dismiss their plea challenging Google's app billing policy. The court will hear the case on February 9. The high court ruled that the Competition Commission of India (CCI) has jurisdiction over allegations of abuse of dominant position by Google, and its orders would apply to all businesses.

Britannia Industries Ltd is set to release its Q3 FY23 earnings, with analysts predicting a 2% increase in consolidated net profit compared to the same period last year. Revenue growth is expected to be limited at 3%, due to high competition and only single-digit volume growth. The previous year's exceptional gain of Rs 359 crore will impact this quarter's net profit estimate.