PM Modi will dedicate NTPC's 300 MW Nokhra Solar Project to the nation on Friday. It is being executed by NTPC Green Energy Ltd with an investment of Rs 1,803 crore and is expected to generate 730 million units of green energy per year. This project will provide electricity to over 1.3 lakh households and reduce 6 lakh tonnes of CO2 emissions annually. It is part of the Atmanirbhar Bharat.

The Supreme Court deferred the hearing on Vedanta's plea to reopen its Sterlite copper smelter plant in Tamil Nadu to February 20. The court suggested forming a committee to study the feasibility of restarting the shut plant and urged lawyers for both Vedanta and the state to obtain instructions. Background: In 2018, the plant was ordered closed by the Tamil Nadu government after violent protest.

According to the International Energy Agency, China will dominate global oil demand in 2024, with India and Brazil also playing a role. However, post-pandemic growth in oil demand is slowing down and is expected to further decrease in 2024. Extreme weather and OPEC+ supply cuts led to a sharp decline in global oil supply in January, but the IEA remains optimistic about supply increasing in 2024.

Nifty ended the day with a Doji candlestick, signaling possible continuation of the upward trend. It is currently facing resistance at 21,900-21,950 levels and breaking above could lead to new highs at 22,150 levels. Immediate support is at 21,800. Analysts suggest buying at minor dips and targeting 22,100-22,130 levels on the upside. Nifty has experienced a consolidation breakout.

Maharashtra RERA and ASCI have joined hands to identify developers who advertise their projects without registering them with the regulatory body. Using AI, they will track and monitor advertisements without a registration number or QR code, taking Suo motu action against offenders. This is the first collaboration of its kind in India and aims to protect homebuyers from misleading or incomplete.

Coal India (CIL) on February 15 signed a memorandum of understanding (MoU) with Haryana Power Purchase Centre (HPPC), which expressed its interest to purchase 800 megawatts (MW)  of power from ‘Mahanadi Basin Power Ltd’ (MBPL) a wholly-owned subsidiary of Mahanadi Coalfields Limited (MCL). MCL is the highest coal producing arm of Coal India that operates in Odisha, according to the PSU.

Kanco Tea and Industries reported their standalone quarterly results for the period of December 2023, showing a decrease in net sales by 35.24% and an increase in net loss by 2.53%. The company's EBITDA also showed a negative figure. Despite this, the stock has given a 8.08% return in the past 6 months but has decreased by -10.30% over the last 12 months.

Reported Standalone quarterly numbers for Tyroon Tea Company are: Net Sales at Rs 11.60 crore in December 2023 down 13.14% from Rs. 13.35 crore in December 2022. Quarterly Net Profit at Rs. 0.56 crore in December 2023 down 65.97% from Rs. 1.65 crore in December 2022. EBITDA stands at Rs. 0.85 crore in December 2023 down 56.19% from Rs. 1.94 crore in December 2022.

GIFT City, located in Gujarat, has become a major hub for international banking with a total asset size of $52 billion as of January 2024. It currently has 10 foreign banks and 16 domestic banks, and is expected to attract more banks from other countries. While cryptocurrency is not allowed in IFSC, tokenization of assets is being worked on.

Reported Standalone quarterly numbers for Sampre Nutritions are: Net Sales at Rs 6.99 crore in December 2023 down 24.64% from Rs. 9.28 crore in December 2022. Quarterly Net Profit at Rs. 0.20 crore in December 2023 up 19.39% from Rs. 0.17 crore in December 2022. EBITDA stands at Rs. 0.98 crore in December 2023 down 31.94% from Rs. 1.44 crore in December 2022.

Mefcom Capital Markets reported a significant increase in net sales, net profit, EBITDA, and EPS in December 2023 compared to the same period in 2022. The company's share prices also saw a decline over the last 6 and 12 months. Other financial details such as expenses, taxes, and minority interest were not specified.

Reported Standalone quarterly numbers for Force Motors are: Net Sales at Rs 1,691.56 crore in December 2023 up 29.74% from Rs. 1,303.76 crore in December 2022. Quarterly Net Profit at Rs. 94.74 crore in December 2023 up 2186.78% from Rs. 4.54 crore in December 2022. EBITDA stands at Rs. 228.33 crore in December 2023 up 225.44% from Rs. 70.16 crore in December 2022.

Reported Consolidated quarterly numbers for Anjani Finance are: Net Sales at Rs 0.20 crore in December 2023 down 70.5% from Rs. 0.66 crore in December 2022. Quarterly Net Profit at Rs. 0.09 crore in December 2023 down 96.91% from Rs. 3.00 crore in December 2022. EBITDA stands at Rs. 0.21 crore in December 2023 down 91.21% from Rs. 2.39 crore in December 2022.

After losing 64 percent of its value in 2022, Bitcoin, the world's largest cryptocurrency, has been gaining momentum since last year and crossed the $50,000-mark earlier this week. The token was valued at 48,812.80 apiece at 5:45 PM UTC, sliding by 2.25 percent as against the previous day's close. Despite the marginal decline, the outlook for Bitcoin remains strong, analysts said.

The State Bank of India's share price rose by 3% to reach a 52-week high of ₹763.90 after the Supreme Court declared electoral bonds as 'unconstitutional'. SBI has been ordered to disclose details of these bonds and the political parties that received contributions since April 2019. The Election Commission will publish all details by March 2024.