ILandFS Investment Managers reported quarterly numbers for December 2023 with a net sales of Rs. 0.44 crore and a net loss of Rs. 1.58 crore, showing a decrease from the previous year's numbers. EBITDA was also negative at Rs. 1.50 crore. Despite this, the company's shares have seen an increase of 25.65% in the past 6 months and 59.05% in the past 12 months.

Reported Standalone quarterly numbers for Avonmore Capital & Management Services are: Net Sales at Rs 2.33 crore in December 2023 down 2.51% from Rs. 2.39 crore in December 2022. Quarterly Net Profit at Rs. 0.84 crore in December 2023 up 52.73% from Rs. 0.55 crore in December 2022. EBITDA stands at Rs. 1.97 crore in December 2023 up 2.07% from Rs. 1.93 crore in December 2022.

Supan Syntech reported its standalone quarterly results for December 2023, showing a significant increase in net sales, net profit, EBITDA and EPS compared to the same period in December 2022. The company's shares closed at 2.39 on July 10, 2020 on the BSE. Net sales increased by 117.06%, while net profit saw a 364.57% increase. EBITDA also increased by 391.677%

Reported Standalone quarterly numbers for Oripro are: Net Sales at Rs 1.40 crore in December 2023 up 9.32% from Rs. 1.28 crore in December 2022. Quarterly Net Loss at Rs. 0.53 crore in December 2023 down 450.96% from Rs. 0.15 crore in December 2022. EBITDA stands negative at Rs. 0.33 crore in December 2023 down 203.13% from Rs. 0.32 crore in December 2022.

Reported Standalone quarterly numbers for Mohite Industries are: Net Sales at Rs 18.30 crore in December 2023 up 97.88% from Rs. 9.25 crore in December 2022. Quarterly Net Profit at Rs. 0.14 crore in December 2023 down 56.57% from Rs. 0.33 crore in December 2022. EBITDA stands at Rs. 2.29 crore in December 2023 down 38.77% from Rs. 3.74 crore in December 2022.

Central bankers are realizing that their old economic models are not effective in handling crises like the pandemic. They need to shift focus to understanding supply-side factors for better monetary policy. Emerging markets, led by India's coordinated fiscal and monetary policies, have withstood the pandemic better than past crises. Global cooperation is needed to tackle current challenges.

Paytm Payments Bank's withdrawal from the UPI platform may not have a major impact on cashless transactions as most users have other accounts. Only 1/6th of users rely solely on Paytm, and 70% of merchants also have other accounts. Macquarie predicts steep revenue decline for Paytm, but user numbers show they are not heavily dependent. Regulatory action due to KYC violations raised concerns.

In 2023, the Bloomberg Commodity Total Return Index saw a decline of almost 7%, largely due to a sharp decrease in natural gas prices. However, precious metals performed well, with gold emerging as the top performer, up 13% amid global uncertainties such as the China housing market and geopolitical tensions. 2024 is expected to be favorable for commodities, particularly precious metals.

Polysil Irrigation Systems listed on the NSE SME platform at a 3.7% premium to its IPO price of Rs 54 per share. The company's public offer, which was subscribed 6.8 times, raised Rs 17.44 crore and the proceeds will be used for working capital requirements and general corporate purposes. The company manufactures HDPE pipes, fittings, and micro irrigation systems under the brand name Polysil.

The National Asset Reconstruction Co of India (NARCL), the state-promoter bad bank, is seeking to raise ₹2,700 crore in debt to expedite the purchase of stressed loans, said people with knowledge of the matter. The ARC has initiated talks with private and government-owned banks to raise five-year debt, preferably in the form of non-convertible debentures (NCD).

Rothschild, a global investment firm, is entering the Indian credit market at an opportune time. They have a history of advising on debt investments and are now looking at leverage finance, special situations, and corporate restructuring in India. The firm sees potential for high returns in infrastructure-focused funds and investment-grade lending.

Reported Standalone quarterly numbers for Suditi Industries are: Net Sales at Rs 14.90 crore in December 2023 down 40.47% from Rs. 25.03 crore in December 2022. Quarterly Net Loss at Rs. 1.77 crore in December 2023 up 69.27% from Rs. 5.76 crore in December 2022. EBITDA stands negative at Rs. 0.87 crore in December 2023 up 80.96% from Rs. 4.57 crore in December 2022.

Bhandari Hosiery Exports reported standalone quarterly results for December 2023, with net sales of Rs 60.27 crore, a 7.83% increase from the previous year. The net profit saw a slight increase to Rs 1.77 crore, while EBITDA increased to Rs 6.32 crore. EPS decreased to Rs 0.11. The company's shares closed at Rs 9.75 on February 15, 2024.

Benchmark indices rose on Thursday, following global market trends. Analysts suggest focusing on large-cap stocks due to valuation gaps, but also caution on small and mid-caps. Shares of Entero Healthcare, YES Bank, Alpex Solar are in the spotlight. Private equity major Carlyle Group sold a stake in YES Bank for Rs 1,057 crore. Vedanta promoter entity sold a stake worth Rs 1,737 crore.

Bloomberg reports that Apple will launch an AI tool for coding, similar to Microsoft's Copilot. It may be included in Xcode this year and other AI features, such as automatic music playlist and presentation creation, are also planned. A new version of Spotlight search could control specific app features. No comment from Apple yet.