SP Apparels Ltd (SPAL), an garment manufacturer and exporter, has signed an agreement to acquire a 100% stake in YBAPL, which makes intimate wear for Jockey and M&S. It was strategically important acquisition in line with the company's vision to diversify into other textile and apparel categories, further strengthen its export basket, market presence and build a more broad-based business model.

Digital commerce platform OTO on Tuesday said it raised USD 10 million (around Rs 83 crore) from a clutch of investors, including cricketer K L Rahul. The fresh funding was led by GMO Venture Partners with participation from Turbostart, cricketer K L Rahul and a few other family offices as well as existing investors Prime Venture Partners, Matrix Partners, and 9Unicorns funds, OTO said.

Reported Standalone quarterly numbers for Goodyear India are: Net Sales at Rs 591.40 crore in December 2023 down 14.18% from Rs. 689.09 crore in December 2022. Quarterly Net Profit at Rs. 21.86 crore in December 2023 down 10.45% from Rs. 24.41 crore in December 2022. EBITDA stands at Rs. 44.99 crore in December 2023 down 5.76% from Rs. 47.74 crore in December 2022.

Baweja Studios had a muted debut on the NSE SME platform, opening at a marginal 1.6% premium over its IPO price of Rs 180. The stock quickly gave up its gains and traded at a discount. In the grey market, shares were trading at a 1.1% premium. The company's revenue from operations saw an 81% increase in the last year, with a 192% increase in net profit. The proceeds from the IPO will be used.

Reported Standalone quarterly numbers for Goyal Aluminiums are: Net Sales at Rs 14.85 crore in December 2023 down 25.18% from Rs. 19.85 crore in December 2022. Quarterly Net Profit at Rs. 0.69 crore in December 2023 up 25.66% from Rs. 0.55 crore in December 2022. EBITDA stands at Rs. 1.00 crore in December 2023 down 36.71% from Rs. 1.58 crore in December 2022.

The quarterly report for CCL Products India showed a decline in net sales, net profit, and EBITDA compared to the previous year. The company's EPS also decreased. Despite this, the company's shares have shown a 3.65% return over the last 6 months and 16.02% over the last 12 months. The company's income from operations was Rs. 326.94 crore in December 2023.

"Zydus Lifesciences' stock jumped over 6% to a 52-week high of Rs 809.20 after announcing a proposal for a share buyback on February 9. This will be their second buyback, with the previous one in June 2022. The company will also release its December quarter results on the same day. Nuvama Institutional Equities expects a 6% rise in revenue and 17% increase in net profit.

Reported Standalone quarterly numbers for Rossell India are: Net Sales at Rs 110.72 crore in December 2023 up 13.84% from Rs. 97.26 crore in December 2022. Quarterly Net Profit at Rs. 1.87 crore in December 2023 up 466.67% from Rs. 0.33 crore in December 2022. EBITDA stands at Rs. 9.53 crore in December 2023 up 47.75% from Rs. 6.45 crore in December 2022.

Audi is optimistic about the growth potential in India, but acknowledges that high taxes are hindering the expansion of the luxury car market. They expect the overall automotive industry to continue growing, but the luxury segment may see a moderate increase due to current tax rates. Audi plans to capitalize on the growing Indian market.

The National Company Law Tribunal (NCLT) has issued a notice on ZEEL’s plea to enforce the merger with Sony. Sony has questioned the maintainability of the application. NCLT has asked Sony to file a response to ZEEL’s plea in two weeks. The case to come up for hearing on March 12. Be sure to have access to all details.

Electric scooter startup River on Tuesday announced it has raised USD 40 million (Rs 335 crore) in Series B funding led by Japan's Yamaha Motor Co, Ltd. The funds will be utilised for scaling up the distribution and service network, among others. "The investment is a significant boost for our plan to build a billion dollar global utility-lifestyle brand by 2030.

Indian benchmark indices traded higher amid volatility on February 6. According to experts, the Nifty is likely to remain weak as long as it trades below 21,900, with support at 21,650. Above the 21,900 mark, the index has the potential for an extension of its rally, rebounding towards 22,070-22,150 levels. Among individual stocks,  long build-up is seen in Alkem, IPCA Labs, and ONGC.

Devyani International reported an increase in net sales by 14.33% and EBITDA by 3.7% for the December 2023 quarter compared to the same period in 2022. However, their net profit decreased significantly by 72.76%, resulting in a lower EPS of Rs. 0.15 from Rs. 0.55 in December 2022. The company's shares closed at Rs. 162.25 on NSE.

Net Sales at Rs 18,668.56 crore in December 2023 up 18.2% from Rs. 15,793.98 crore in December 2022. Quarterly Net Profit at Rs. 4,570.05 crore in December 2023 up 802.83% from Rs. 506.19 crore in December 2022. EBITDA stands at Rs. 2,122.30 crore in December 2023 up 42.06% from Rs. 1,493.94 crore in December 2022. Tata Motors DVR EPS has increased to Rs. 11.92 in December 2023.

Tata Motors reported a significant increase in standalone quarterly numbers for December 2023, with net sales at Rs. 18,668.56 crore, up 18.2% from the same period in 2022. Net profit also saw a drastic increase of 802.83%, reaching Rs. 4,570.05 crore. The company's EBITDA increased by 42.06%, and EPS rose from Rs. 1.31 to Rs. 11.