Exicom Tele-Systems, a leading EV charger manufacturer, may go public by February 2024 with an expected market capitalisation of Rs 1,750 crore. The company provides smart charging systems for residential, business, and public use in India, and also offers critical power solutions for telecommunications and enterprise environments. It holds a strong market share in the EV charging segment.

Brokers and traders believe that the recent fall in Paytm's stock may have been exaggerated by additional margin calls from some brokers amid high market volatility. This unexpected demand for extra funding, along with concerns over RBI curbs and global cues, led to significant losses for investors. Brokers who promptly collected extra collateral were able to mitigate these losses.

The RBI has fined Power Finance Corporation with a penalty of Rs 8.8 lakh for violating LCR norms. The PSU company did not maintain the required level of LCR and included ineligible assets in its calculation. After reviewing the company's response and evidence, the RBI concluded that the penalty was justified.

The parliamentary panel on finance, led by MP Jayant Sinha, has recommended to reduce the Goods and Services Tax (GST) on health insurance products for senior citizens and microinsurance products below 18 percent to make it more affordable. “The Committee feels that there is a need to rationalise the GST rate on insurance products, especially health and term insurance.

Britannia Industries Ltd on February 6 reported a 40 percent fall in its consolidated net profit at Rs 556 crore for the quarter ended December 31, 2023. The company had reported a net profit of Rs 932 crore in the year-ago period.The numbers marginally miss Street estimates as a poll of six brokerages predicted net profit at Rs 566 crore. Revenue from operations rose marginally to Rs 4,256 crore.

Audio streaming service Spotify added 28 million monthly active users (MAUs) for the quarter ended December 31, 2023, registering the company's second largest quarterly net addition in the fourth quarter. The increase in users takes Spotify's overall user base to 602 million in the quarter, from 574 million in the previous quarter. The growth was driven by double-digit yearly growth.

Real estate developers are increasingly turning to joint development agreements (JDAs) with landowners, a strategic shift which is being seen as a win-win for both parties amid surging land prices.JDAs allow developers to access prime locations without huge upfront costs and landowners to monetise their land without losing ownership rights, said a report.

Hospitality chain EIH Limited, the flagship company of the Oberoi Group reported an increase of 52 percent in profit to Rs 229.94 in the December quarter of FY24, up from Rs 151.08 crore during the same period a year ago. Sequentially, the hotel chain reported a 144 percent rise in profit from Rs 94.14 crore reported in the September quarter of FY24.

Suggesting a bullish momentum in the index that could take it to fresh peaks, Nifty on Tuesday ended 158 points higher and formed a hammer candlestick pattern on the daily charts.Minor positive patterns like higher tops and bottoms are intact and the market is now on the way up toward the new higher top formation at new all-time highs.

BLS E-Services debuted on February 6 with a strong rally in technology stocks and impressive subscription numbers for its IPO, resulting in a freeze at the upper circuit. The stock closed at Rs 366, up 171.11% over the issue price, making it the biggest single-day gain among IPOs since November 2021. It has an asset-light business model with a strong parentage.

India's first green hydrogen fuel cell bus was showcased during the inaugural ceremony of India Energy Week (IEW), which kicked off in Goa on February 6. Hydrogen fuel cell buses are considered to be amongst the most-environment friendly, as they are powered by green hydrogen, which emits only hydrogen and water vapour when used as a fuel.

The gap between Tata Group and other Indian conglomerates just got wider as the market capitalisation of the 155-year-old Indian conglomerate crossed the Rs 30 lakh crore mark for the first time following a sharp rally in shares of TCS and Tata Motors. IT bellwether TCS ended 4% higher on Tuesday as its market value crossed the Rs 15 lakh crore milestone for the first time.

Aston Martin is looking for a new CEO, which would be its fourth in the past four years. The struggling UK carmaker has contacted executives from other luxury auto manufacturers to fill the role. Despite previous attempts at stabilizing the company, challenges such as supply-chain issues and a need for more capital persist. The next CEO will face the task of transitioning to electric vehicles.

Anant Raj has reported a growth of 58.17 per cent its net consolidated profit during the quarter ended December 30, 2024. Its profit after tax stood at Rs 71.43 crore in Q3 FY24 as against Rs 45.16 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.The company's net consolidated total income stood at Rs 401.02 crore in Q3 FY24.

Birla Corporation, a leading cement company, reported a consolidated profit of Rs 109.14 crore in Q3 FY24, compared to loss of Rs 49.91 crore in the same quarter last year. Its total income grew by 15.04%, and it aims to become a 30-million-ton player by 2030. The company's net worth was Rs 5,410.60 crore, and its debt-equity ratio was 0.71.