Carlyle Group sold equity stake worth Rs 1,056 crore in Yes Bank on the BSE on February 15. According to data provided by the BSE, Carlyle Group sold 1.35 percent stake in Yes Bank through open market transactions. CA Basque Investments, a Carlyle Group entity, sold 390,000,000 shares in Yes Bank at an average price of Rs 27.10. Carlyle Group sold Rs 1,056.9 crore worth of shares in Yes Bank.

Defence Sector associated companies as Hindustan Aeronautics Ltd, Cochin Shipbuilders, Mazagaon Docks, Bharat Dynamics, ZEN Technlogies ltd, Astra Microwave products, Mishra Dhatu Nigam and others have seen sharp rise in share prices, of up to 250% during past one year. On an  average12 defence companies have given returns of 105 % during last one year as per Bloomberg. 

Reported Consolidated quarterly numbers for Millennium Online Solutions ( India ) are: Net Sales at Rs 0.36 crore in December 2023 down 5.64% from Rs. 0.39 crore in December 2022. Quarterly Net Loss at Rs. 0.03 crore in December 2023 up 71.66% from Rs. 0.11 crore in December 2022. EBITDA stands negative at Rs. 0.03 crore in December 2023 up 72.73% from Rs. 0.11 crore in December 2022.

Reported Consolidated quarterly numbers for Southern Infosys are: Net Sales at Rs 3.63 crore in December 2023 up 181.23% from Rs. 1.29 crore in December 2022. Quarterly Net Profit at Rs. 0.02 crore in December 2023 down 67.37% from Rs. 0.05 crore in December 2022. EBITDA stands at Rs. 0.06 crore in December 2023 down 0% from Rs. 0.06 crore in December 2022.

The Supreme Court (SC) decision on electoral bonds has put hundreds of taxpayers who have used these instruments to make donations to political parties and claim tax deductions in a quandary. The court on February 15 termed electoral bonds, which are essentially banking bearer instruments used to donate money to political parties, as unconstitutional due to the anonymity of the donors.

Reported Consolidated quarterly numbers for Elixir Capital are: Net Sales at Rs 5.90 crore in December 2023 up 7039.06% from Rs. 0.08 crore in December 2022. Quarterly Net Profit at Rs. 2.36 crore in December 2023 up 328.87% from Rs. 1.03 crore in December 2022. EBITDA stands at Rs. 4.51 crore in December 2023 up 525.47% from Rs. 1.06 crore in December 2022.

The Indian rupee ended unchanged on Tuesday as mixed cues from the strength in most of its Asian peers, despite a jump in U.S. bond yields, kept the pair in a narrow range throughout the session. The rupee closed at 83.0550 against the U.S. dollar, unchanged from its close in the previous session. The rupee hovered between 83.03 and 83.0650 during the session.

Mutual Fund NFO: Baroda BNP Paribas Mutual Fund launched its open-ended equity fund investing in the innovation theme. The aim of the fund, as per the company, is to provide investors an opportunity to take advantage of the growth of fast-growing innovative companies. The NFO that opened on February 14 will close on February 28, 2024.

The market regulator is proposing that portfolio management services (PMS) distributors register with the Association of Portfolio Managers in India (APMI) for easier compliance and digital onboarding. This follows the current practice in the mutual fund industry where distributors must register with the Association of Mutual Funds in India (AMFI).

The BDA has taken up a project for improving and asphalting roads in Arkavathy Layout at a cost of about Rs 100 crore. It recently floated a tender. BDA officials said they are aiming to complete the works within nine months of issuing the order to the successful bidder. The roads selected for development are in 19th block at Challakere, 16th and 17th block.

Vibhor Steel Tubes IPO subscription status: Vibhor Steel Tubes IPO continued to receive stellar responses from its investors on the third day as well. At 17:00 IST, Vibhor Steel Tubes IPO subscription status was 298.81 times, as per BSE data.On the last day, retail investors portion has been subscribed 188.09 times, Non Institutional Investors (NII) portion is booked 721.32 times.

BlueStone Jewellery backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, according to a report by Economic TimesThe online-first jeweller is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and an offer for sale (OFS)  more to come 

Reported Consolidated quarterly numbers for Pilani Investment and Industries Corporation are: Net Sales at Rs 61.66 crore in December 2023 up 17.54% from Rs. 52.46 crore in December 2022. Quarterly Net Profit at Rs. 55.52 crore in December 2023 up 54.03% from Rs. 36.05 crore in December 2022. EBITDA stands at Rs. 56.88 crore in December 2023 up 11.16% from Rs. 51.17 crore in December 2022.

It has been a remarkable year for equities with the Nifty 50 rallying 22 percent in 2023 and the Sensex gaining 20 percent in the same period.  Besides, India is currently a $3.7 trillion economy and is expected to grow to about $6 trillion by 2030 and $10 trillion by 2035, according to a report by the Centre for Economics and Business Research (CEBR).

Reported Consolidated quarterly numbers for Naga Dhunseri Group are: Net Sales at Rs 11.98 crore in December 2023 up 204.12% from Rs. 3.94 crore in December 2022. Quarterly Net Profit at Rs. 8.45 crore in December 2023 down 41.77% from Rs. 14.51 crore in December 2022. EBITDA stands at Rs. 11.51 crore in December 2023 up 226.99% from Rs. 3.52 crore in December 2022.