This decision was in line with market expectations, as inflation continues to remain above the RBI's medium-term target of 4 percent and economic growth is showing signs of slowdown. The easing trend in core inflation signals positive for the RBI and its Monetary Policy Committee, providing confidence that their policies are working towards stabilizing retail inflation.

BLS International Services, a visa service provider, saw a 90% increase in net profit to Rs 87.18 crore in Q3 of FY24, driven by improved business mix. Consolidated revenue stood at Rs 437.9 crore and operating EBITDA grew 33.6%. The company maintains cash balance of Rs 754 crore and expects more visa applications as markets open up. BLS has a global network of over 50,000 centres.

Real estate developer Arkade Developers plans to invest Rs 700 crore in three projects in Mumbai over the next few years. The company recently received approval to launch an IPO worth Rs 430 crore. The projects include a luxury building in Mulund and redevelopment units in Goregaon and Malad. Chairman Amit Jain says they are focusing on both greenfield and redevelopment models.

Phoenix Mills has reported a decrease in Net Sales, Net Profit and EBITDA for the quarter ended December 2023, compared to the same quarter in 2022. The EPS has also decreased from Rs. 3.04 to Rs. 2.81. However, the company's shares have shown a significant increase of 54.61% over the last 6 months and 97.06% over the last 12 months on the NSE.

Race Eco Chain has reported its standalone quarterly numbers for December 2023, showing a decrease of 18.17% in net sales compared to the same period in 2022. However, the company's net profit saw an increase of 25.53%, with an EBITDA growth of 92%. The EPS also increased from Rs. 0.22 in 2022 to Rs. 0.27 in 2023. The company's shares have given a return.

Reported Standalone quarterly numbers for Ganesh Benzoplast are: Net Sales at Rs 59.03 crore in December 2023 up 20.55% from Rs. 48.97 crore in December 2022. Quarterly Net Profit at Rs. 15.79 crore in December 2023 up 13.23% from Rs. 13.95 crore in December 2022. EBITDA stands at Rs. 26.89 crore in December 2023 up 10.39% from Rs. 24.36 crore in December 2022.

Shanti Educational Initiatives Limited reported a strong standalone quarterly performance in December 2023, with net sales increasing by 129.31% and net profit by 179.69% compared to the same period in 2022. The company's share price closed at 60.87 on February 12, 2024 and has shown negative returns over the last 6 and 12 months.

SC rejected the ED's plea to challenge Delhi and Bombay High Court orders quashing investigations against Indiabulls Housing Finance Ltd. The court suggested the agency use alternative remedies, such as seeking a review of the orders. The company had petitioned for the FIR against them filed in Wada, Palghar district to be quashed, and the Delhi and Bombay HC had both ruled in their favor.

Active Clothing Co Ltd. reported a standalone net sales of Rs. 52.91 crore in December 2023, an increase of 11.63% from the previous year. Net profit also rose by 27.25%, with EPS increasing from Rs.0.49 to Rs.0.63. The stock closed at Rs.106.55 on February 12, 2024, showing a 112.84% return over the past 6 months.

Hindustan Aeronautics (HAL) reported strong Q3FY24 earnings with a 8.6% increase in net profit and a 7% rise in revenue. Analysts at CLSA gave an "outperform" rating with a target price of Rs 3,225/share, expecting the stock to rise by 13%. HAL's share has increased by 37% in the past 3 months and hit a 52-week high of Rs 3,130.

Reported Standalone quarterly numbers for Khadim India Limited are: Net Sales at Rs 156.20 crore in December 2023 up 4.86% from Rs. 148.95 crore in December 2022. Quarterly Net Profit at Rs. 1.83 crore in December 2023 down 62.17% from Rs. 4.82 crore in December 2022. EBITDA stands at Rs. 19.99 crore in December 2023 down 13.69% from Rs. 23.16 crore in December 2022.

Arm Holdings Plc's shares have surged 99% since its blockbuster earnings report, with investors drawn by the company's strong AI division. With projected revenue of $850 mn to $900 mn for the March quarter, far above analysts' average estimate, and CEO Rene Haas highlighting the early stages of AI opportunities, the stock has experienced a "feeding frenzy" as investors jump on the AI bandwagon.

RBI Governor and MPC Chair Shaktikanta Das expressed concerns about food price inflation and its impact on the overall inflation trajectory. The MPC kept inflation forecast unchanged for the current fiscal year and FY25. Vegetable, pulse, and spice prices have remained high in both rural and urban areas, posing a challenge for the government in an election year.

On Feb 13, Lemon Tree Hotels' share price dropped by 3% after the company announced a new hotel development in Telangana under their Lemon Tree Resort brand. The hotel will be managed by their subsidiary and have 50 rooms, lawns for weddings, and various amenities. The company's net profit fell in the December quarter due to increased renovation expenses, but they reported higher total income.

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