The Nifty ended higher for the fourth consecutive session on February 16, helped by gains in auto, information technology and pharma stocks. The index started above the important 22,000 mark and maintained its gains throughout the session, ending at 22,041, up 130 points. On the daily charts, it formed a small bullish candlestick with a lower shadow.

Reported Standalone quarterly numbers for Diana Tea Company are: Net Sales at Rs 24.71 crore in December 2023 up 29.83% from Rs. 19.03 crore in December 2022. Quarterly Net Profit at Rs. 0.32 crore in December 2023 up 147.32% from Rs. 0.67 crore in December 2022. EBITDA stands at Rs. 1.49 crore in December 2023 up 210.42% from Rs. 0.48 crore in December 2022.

The RBI released an FAQ to address concerns surrounding Paytm Payments Bank after the recent MPC monetary policy announcement. The governor, Shaktikanta Das, stated that the FAQ will be issued next week in response to queries received from stakeholders. The deputy governor, Swaminathan J, clarified that action was taken against Paytm based on non-compliance.

Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan Chase & Co.’s emerging market index from June.

Reported Standalone quarterly numbers for Shri Vasuprada Plantations are: Net Sales at Rs 30.97 crore in December 2023 down 1.71% from Rs. 31.51 crore in December 2022. Quarterly Net Profit at Rs. 9.31 crore in December 2023 up 22.11% from Rs. 7.63 crore in December 2022. EBITDA stands at Rs. 1.09 crore in December 2023 up 1.87% from Rs. 1.07 crore in December 2022.

The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh, on Friday gave approval for various capital acquisition proposals worth Rs 84,560 crore. DAC accorded approval for Acceptance of Necessity (AoN) with special emphasis on procurement of various equipment from ndian vendors to give further impetus to ‘Aatmanirbharta’ (self-reliance).

Reported Standalone quarterly numbers for Saraswati Commercial (India) are: Net Sales at Rs 40.08 crore in December 2023 up 226.99% from Rs. 12.26 crore in December 2022. Quarterly Net Profit at Rs. 33.32 crore in December 2023 up 296.74% from Rs. 8.40 crore in December 2022. EBITDA stands at Rs. 39.17 crore in December 2023 up 237.09% from Rs. 11.62 crore in December 2022.

The ongoing Red Sea crisis, caused by missile and drone attacks in the region, has resulted in increased shipping costs and times for Indian exporters. This has led to lost orders, job losses, and concerns about long-term viability for smaller companies. The situation is particularly dire for textile exporters, who are facing competition from Turkey and weakening demand from Western economies.

Mumbaikars prefer renting 2 BHK units, followed by 1 BHK. The demand for larger houses (over 3 BHK) is much lower at just seven percent. Majority of the rental demand comes from budget ranges between Rs 10,000 to Rs 50,000 per month. The South Mumbai rental market caters to ultra-luxury clientele while the central and northern markets cater to premium clients.

In the December 2023 quarter, Visco Trade Associates reported a significant increase in net sales by 215.3% and net profit by 3449.14%. EBITDA also increased by 3664.44%. EPS showed a significant improvement and the company's shares have given returns of 152.12% over the last 6 months and 209.30% over the last 12 months.

On February 16, Oberoi Realty announced an agreement with Marriott International for the development of two hotels - JW Marriott Hotel Thane Garden City and Mumbai Marriott Hotel Sky City. These properties, to be completed by 2027-28, will add to Oberoi's existing portfolio of luxury residences and amenities. The company aims to enhance the lifestyle of Thane residents through these developments.

Reported Standalone quarterly numbers for Shalibhadra Finance are: Net Sales at Rs 8.18 crore in December 2023 up 14.99% from Rs. 7.11 crore in December 2022. Quarterly Net Profit at Rs. 3.16 crore in December 2023 up 41.84% from Rs. 2.23 crore in December 2022. EBITDA stands at Rs. 5.83 crore in December 2023 up 18.02% from Rs. 4.94 crore in December 2022.

Acme Resources reported its standalone quarterly results for December 2023, showing a decrease in net sales by 28.58% and an increase in quarterly net profit by 8.48%. EBITDA also increased by 51.85%, resulting in an EPS of Rs. 0.36. The company's shares have shown strong growth over the last 6 months and 12 months. The detailed breakdown of the expenditure and profits is provided in the report.

Indian carrier Akasa Air announced on February 16 that it will commence international operations with flight services to Doha starting March 28. The airline will operate four non-stop flights every week, connecting Doha (Qatar) with Mumbai. Akasa Air Founder and CEO Vinay Dube said its foray into Qatar marks the next phase of growth.

RSD Finance Limited reported its standalone quarterly numbers for December 2023, with a net sales of Rs. 2.92 crore, up 10.96% from the previous year. However, the net profit decreased by 33.88% to Rs. 2.26 crore and EBITDA also saw a decline of 26.63%. The company's EPS has dropped to Rs. 2.00 in December 2023.