Paytm, India's leading fintech company, is facing a potential crisis as the central bank has placed restrictions on its business activities. This could lead to a loss of customers and put its business model in jeopardy. According to Macquarie analysts, Paytm's shares have already fallen significantly and they have downgraded their rating on the company.

In a response to the recent report by Muddy Waters, Fairfax Financial Holdings Limited on February 12 denied and refuted all allegations and insinuations made against the company. The 72-page report from Muddy Waters, a forensics-based activist investment firm, had raised concerns and questions about Fairfax's financial standing, prompting a review by the management, Fairfax said in its statement.

HFCL's share price rose after it received a Rs 141-crore order from BSNL, part of a larger Rs 179-crore order. The company will supply Unlicensed Band Radios and provide support for BSNL's 4G network. HFCL's Q3 profits fell by 19% compared to last year, but its order book grew to Rs 7,678 crore. In January 2023, the company also secured an order.

India's Securities and Exchange Board has rejected the National Stock Exchange's settlement application in a case involving alleged collusion between NSE employees and a brokerage firm. The case pertains to preferential access to NSE servers, giving the firm an advantage over other traders. SAT remitted the matter back to Sebi and they are expected to pass an order soon.

The Indian rupee slightly appreciated against the US dollar after the Finance Minister announced a revised fiscal deficit target for FY24 and increased capex outlay. The RBI kept rates unchanged in its policy meeting and projected inflation to be 4.5% for FY25, while GDP forecasts were raised. The rupee closed the week lower amid selling in domestic equities.

India's weightage in the MSCI Emerging Market index is set to increase to 18.2% after the February 2024 rebalancing, bringing it closer to China's weightage of 25.4%. This is due to the country's strong performance in the stock market, especially in the midcap segment. The MSCI has also increased India's stock count in its Standard index to 131.

Nvidia's stock surged to a record high, briefly making it more valuable than Amazon. With tech companies heavily investing in AI technology, investors are eagerly awaiting Nvidia's quarterly results. The company has been the top performer among S&P 500 components, benefiting from the growing demand for "generative AI". However, Microsoft took over Apple's spot as the world's most valuable company.

Real estate firm Suraj Estate Developers reported a significant decline in its net profit and total income during Q3 FY24. However, it had a strong quarter in terms of sales and EBITDA growth, and used IPO proceeds to repay high-cost debt and strengthen its balance sheet. Lower interest costs are expected going forward.

Key railway stocks have seen a correction of as much as 30 percent from their recent highs, including yesterday’s steep fall in PSU stocks. The crackdown in railway stocks is because of execution not keeping pace with growth expectations and fears of a slowdown in order inflows ahead of elections, said analysts. Multiple factors behind fall in railways stocks.

Navi Mumbai residents are upset about the rising dust pollution caused by open trucks and dumpers carrying construction debris. Despite warnings from NMMC, the illegal practice continues as the anti-nuisance squad is not taking action. Environmentalists and citizens' groups have raised concerns about air quality, but NMMC has not taken enough measures to control it.

Macquarie downgraded Paytm to underperform with a reduced target price of Rs 275 due to a sharp drop in revenues and potential exodus of customers. They have increased loss estimates and revised valuation methodology for the company. In the best case scenario, the stock could rally up to Rs 540, but in the worst case it could drop to Rs 180 due to declining distribution revenues.

Cera Sanitaryware's net consolidated profit dropped by 9.42% in Q3 FY24, with a profit after tax of Rs 51.52 crore. Their total income also decreased by 3.42% to Rs 454.89 crore. The company appointed Anandh Sundar as an additional independent director for three years, while two independent directors will complete their term and cease to be directors on March 31, 2024.

Dilip Buildcon Limited's shares traded lower after reporting a 3% decline in net profit for the October-December quarter. The company's operational income rose by 23.9% and EBITDA increased significantly from the previous year. Dilip Buildcon operates on an EPC model and specializes in construction projects such as bridges and tunnels. It is classified as Class A-V and registered with government.

The director of a realty firm was arrested on Monday for cheating 10 persons after collecting 2.29 crore by promising to provide flats in the guise of pre-launch schemes.Accused Chekka Venkata Suubrahmanyam, who is the director of Bhuvanteza Infra projects Pvt Ltd, was arrested by CCS sleuths. Police found that he had executed sale deeds with 10 customers for flats.

Real estate company Arihant Superstructures reported a significant decrease in net consolidated profit during Q3 FY24, with a drop of 65.49% compared to the same quarter last year. The company's total income grew by 3.70%, while its board of directors discussed plans to raise funds and avail loans for its subsidiary and itself.