Sugar companies in India faced a decline in trading on January 23 due to lower sugar production compared to the previous year. The Indian Sugar Mills Association reported a decrease in production by 5-10% and requested the government to allow additional diversion of sugar towards ethanol production.

Sony Pictures and Zee's $1 billion merger deal has been called off after two years of negotiations. This has caused a 25% fall in Zee's stock. However, the company may face further troubles as SEBI is expected to release its orders within 2-3 months regarding an investigation into fund siphoning and window dressing of accounts by the promoters, Punit Goenka and Subhash Chandra Goenka.

In the December 2023 quarter, Tatva Chintan Pharma Chem saw a decrease in net sales by 24.19%, net profit by 55.94%, and EBITDA by 24.55% compared to the same period in 2022. The company's EPS also declined from Rs. 4.76 to Rs. 1.99. Their shares on NSE closed at Rs. 1436.25, with a negative return of -13.

Hero Motocorp Limited saw a 3.15% increase in stock price, reaching Rs 4,540, after announcing the launch of two new bikes and a special collector's edition. The Xtreme 125R is available at dealerships for Rs. 95,000-99,500 and the Maverick 440 was unveiled at their CIT in Jaipur. The company also plans to expand into Nepal with a new facility.

Indian bond market sees influx of $40 billion this year, top fund managers favoring different strategies. Aditya Birla Sun Life opts for 7-14 year government bonds, Bandhan Asset prefers no restrictions FAR bonds, SBI Funds & ICICI Prudential opt for short-term corporate bonds with higher spreads. Potential increase in index inclusion and tight liquidity are driving returns.

Reported Standalone quarterly numbers for Rajratan Global Wire are:Net Sales at Rs 137.69 crore in December 2023 up 3.36% from Rs. 133.22 crore in December 2022. Quarterly Net Profit at Rs. 12.17 crore in December 2023 down 17.1% from Rs. 14.68 crore in December 2022. EBITDA stands at Rs. 22.34 crore in December 2023 down 14.44% from Rs. 26.11 crore in December 2022.

Mahindra Logistics Limited is building a new warehousing facility in Phaltan with an investment of Rs 170 crore. The facility will be spread over 6.5 lakh sq ft and will be developed in two phases, with the first phase to be operational by end of 2024. The company will manage logistics for clients in automotive and manufacturing sectors in the region.

The UK's two main political parties, the Conservative and Labour Party, both aim to tackle the country's housing crisis by building 300,000 homes a year. However, the origin of this target is uncertain and some experts question its validity, arguing that the issue is more about affordability than supply.

The rupee depreciated against the US dollar due to high crude oil prices and weak domestic equities, causing concern among investors. However, a weak US Dollar provided some relief. The rupee is expected to remain under pressure from foreign fund outflows and increasing crude oil prices, but may see support from positive global markets and a weak Dollar.

Continental Chemicals has reported standalone quarterly results for December 2023, showing a decrease in net sales by 41.15%, but an increase in net profit by 17.77% and EBITDA by 10.53% compared to the same period in 2022. Their EPS has also increased from Rs. 0.66 to Rs. 0.78. The company's stock saw a 23.27% return over the last 6 months.

Aarti Surfactants reported an increase in net sales, net profit, and EBITDA for the quarter ending December 2023 compared to the same period in 2022. EPS also increased from Rs. 5.25 to Rs. 8.42. The company's stock price has seen a 24.39% return in the last 6 months and a 31.87% return in the last 12 months.

Mangalore Refinery and Petrochemicals has reported its standalone quarterly results for December 2023. Net sales increased by 6.88% to Rs. 28,383.41 crore compared to the same period in 2022. Net profit also saw a significant increase of 305.93%, reaching Rs. 387.06 crore. EBITDA has increased by 247.91% to Rs. 1,199.06 crore.

SK Finance Ltd, an IPO-bound NBFC focused on vehicle financing, raised Rs 1,328 crore from existing and new investors including Norwest Venture Partners, TPG Growth, and Baring Private Equity India. The primary and secondary capital will be used for brand, distribution, technology, and talent development. Founded in 1994, SK Finance has a diverse loan portfolio and has seen consistent growth.

Netlink Solutions reported a decrease in net sales by 50.41%, but an increase in net profit by 151.19% in the December 2023 quarter compared to the same period in 2022. EBITDA also saw a significant increase of 160.98%. EPS has increased from Rs. 1.42 to Rs. 3.58. The company's stock price has seen a 67.75% return in the past 6 months.

Amber Group has made a deal with South Korea's Korean Circuit to enhance its PCB portfolio. The agreement was signed by Ascent Circuits, a subsidiary of Amber, which was recently acquired by the company. This partnership will allow Korea Circuit to expand its business in the Indian market and help Amber strengthen its manufacturing capabilities.