Mumbai-based Suvita Real Estates, part of Shapoorji Pallonji Group, is planning to raise ₹105 crore through non-convertible debentures to repay its existing debt. The bonds offer high returns and have step-up pricing. The company will pay investors 17.25% for 12 months and 20.25% between 13 and 15 months, with the option to redeem at 12 months.

The life insurance industry in Mumbai saw a significant increase of 27% in new policies sold in January, with a total premium collection of ₹33,559 crore. State-owned LIC and private insurers both reported strong growth, with SBI Life recording a 100% increase in new business income. ICICI Prudential and Max Life Insurance also saw increases, while HDFC Life had a marginal growth of 2%.

Mrs Bectors Food Specialities Ltd has reported a net profit of Rs 35 crore for the December quarter of FY24, up 23.6% from the same quarter of the previous financial year. The company's revenue at Rs 429 crore was 17% higher from Rs 368 crore in the year-ago quarter, the company said in a regulatory filing on February 8. EBIDTA for the quarter was at Rs 61 crore growing by 20%.

The RBI has allowed hedging of gold price risk in the IFSC, which will benefit jewellery manufacturers and industry players who use gold as an end product. This move will provide more flexibility and easier access to derivative products for residents, helping them mitigate price and currency risks. It is a win-win situation for both the jewellery industry and IFSC.

Power Grid Corporation of India reported a 2.56% increase in net sales at Rs. 11,549.79 crore and a 10.5% rise in net profit at Rs. 4,028.25 crore in December 2023 compared to December 2022. EBITDA also increased by 3.16%. However, the company's EPS decreased to Rs. 4.33 from Rs. 5.23 in the same period.

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022. However, losses stemming from other crypto-related crimes such as scamming.

Sebi has proposed relaxed timelines for FPIs to report material changes, categorizing them into Type I and Type II. Type I changes require reporting within 7 working days and Type II changes require notification within 30 days. The regulator also suggested measures for dealing with securities after FPI registration expires, as there are no guidelines currently in place.

Reported Consolidated quarterly numbers for Rubfila International are: Net Sales at Rs 102.94 crore in December 2023 up 2.84% from Rs. 100.10 crore in December 2022. Quarterly Net Profit at Rs. 2.82 crore in December 2023 up 87.18% from Rs. 1.51 crore in December 2022. EBITDA stands at Rs. 6.60 crore in December 2023 up 55.29% from Rs. 4.25 crore in December 2022.

Reported Consolidated quarterly numbers for NLC India are: Net Sales at Rs 3,164.40 crore in December 2023 down 13.99% from Rs. 3,679.01 crore in December 2022. Quarterly Net Profit at Rs. 250.42 crore in December 2023 up 161.57% from Rs. 406.74 crore in December 2022. EBITDA stands at Rs. 989.64 crore in December 2023 down 40.5% from Rs. 1,663.26 crore in December 2022.

Reported Consolidated quarterly numbers for Linde India are: Net Sales at Rs 706.24 crore in December 2023 up 1.33% from Rs. 697.00 crore in December 2022. Quarterly Net Profit at Rs. 120.07 crore in December 2023 up 9.15% from Rs. 110.01 crore in December 2022. EBITDA stands at Rs. 208.07 crore in December 2023 up 11.28% from Rs. 186.98 crore in December 2022.

The data by primeinfobase shows that the share of domestic mutual funds in NSE-listed companies reached a record high of 8.81% in the December quarter, driven by a net inflow of Rs 58,198 crore. However, LIC's share declined to an all-time low of 3.64%. Indian equities saw net inflows from both FIIs and DIIs, but their combined share declined slightly.

Uber beat market expectations in its fourth quarter results, with record engagement and accelerating gross bookings. Its first annual net profit as a public company was driven by improved user retention and initiatives like corporate travel and advertising. CEO Dara Khosrowshahi hinted at potential buybacks and dividends, and the company will discuss capital allocation plans on Feb. 14.

Reported Consolidated quarterly numbers for Bharti Airtel are: Net Sales at Rs 37,899.50 crore in December 2023 up 5.85% from Rs. 35,804.40 crore in December 2022. Quarterly Net Profit at Rs. 2,442.20 crore in December 2023 up 53.77% from Rs. 1,588.20 crore in December 2022. EBITDA stands at Rs. 20,254.60 crore in December 2023 up 8.25% from Rs. 18,710.80 crore in December 2022.

The reported consolidated quarterly numbers for Solar Industries India show a decrease in net sales, net profit, and EPS in December 2023 compared to the same period in 2022. However, EBITDA has increased. The company's shares have seen significant growth over the last 6 and 12 months. Promoters and promoter group shareholding information is not available.

The Reserve Bank of India has increased its efforts to drain excess liquidity from the banking system before its upcoming policy announcement. This indicates that while the central bank may accept a slight decrease in overnight rates, it does not want financial conditions to ease significantly. With inflation still above the target, the RBI aims to keep market rates close to the current repo rate.