Meta Platforms, the parent company of Facebook, issued its first dividend ahead of the social network's 20th anniversary. The company reported strong revenue and profit due to high ad sales during the holiday season, leading to a 14% jump in after-hours trading. This puts Meta's value at over $140 billion and marks its successful recovery from a dip in 2022.

Chennai's skyline along railway tracks is expected to grow with the state government's decision to bring MRTS and suburban corridors under transit-oriented development, resulting in a 50% waiver in premium FSI charges for properties constructed within 500 meters on either side. This move aims to improve affordability for middle-class homebuyers and benefit developments along the existing MRTS.

Fitch Ratings has stated that India's fiscal deficit reduction does not greatly impact their credit profile, but the government's focus on reducing deficits will help stabilize the debt-to-GDP ratio over the next five years. The budget also shows a commitment to fiscal consolidation and infrastructure investments if the current government returns to power. Moody's has also praised the budget.

Delaplex had a successful market debut on February 2, with a listing price 61% higher than its IPO price. However, this was lower than the grey market premium of 75.5%, which investors use to predict the listing price. The Rs 46-crore IPO included both fresh shares and an offer for sale. In the last fiscal year, Delaplex's revenue increased by 9%, while their net profit rose from Rs 6.1 crore.

In the fourth quarter of 2023, Amazon's revenue exceeded expectations due to strong holiday sales fueled by new generative AI features in its cloud and ecommerce businesses. Despite competition in the cloud market from Microsoft, AWS CEO Andy Jassy remains confident in the long-term potential of generative AI revenue. While AWS saw significant growth, the company also faced backlash.

The interim budget presented by Finance Minister Nirmala Sitharaman showcased the government's confidence, continuation of past policies, and communication of its vision for a developed and prosperous India. The announcement of budget numbers was received well by the market, with fiscal deficit and borrowing targets being lower than expectations. Sectors such as financials, housing.

The Union Budget 2024 aims for balanced economic growth and inclusive development, focusing on tax simplification, boosting tourism, enhancing regional connectivity, improving infrastructure, empowering women and youth, social security, and creating a resilient financial ecosystem. The budget also hints at possible future initiatives, such as incentivizing insurance purchases.

Indigo, India's largest airline, is set to declare its third quarter earnings for FY24 on Friday, February 2. The results will cover the time period with the highest traffic in India due to the year-end holidays and cricket world cup final. Despite facing competition from Air India Express, which is rapidly expanding, Indigo is expected to report a record profit.

Equity markets have started the month of February on a bullish note, with the Sensex and Nifty both rising over 1%. This is due to a resolution in Budget uncertainty and positive global cues. Analysts say that corporate earnings and elections later in the year will continue to drive market momentum. The Sensex was trading at 72,483 and the Nifty at 21,942 at 9:30 am

Indian Overseas Bank sees a 22% rise in market capitalization, joining other public sector lenders like SBI and PNB. Analysts indicate that these banks may have an advantage in terms of interest margins, liquidity, and credit-deposit ratios. IOB plans to increase its advances by 13-14 % and maintain its credit-deposit ratio at 78%. The bank reported a 30.3% increase in net profit.

Shares of Docmode Health Technologies listed on Friday with a premium of 141% over the issue price. The stock debuted at Rs 190.25 on NSE SME platform as against an offer price of Rs 79.Ahead of the listing, the company's shares traded with a premium of Rs 42 in the unlisted market.The public offer of Docmode Health Technologies, which is entirely a fresh equity issue of 8.49 lakh shares.

Shares of Reliance Industries Ltd on February 2 hit a fresh record high with the stock gaining over 2.5 percent. At 10am, the stock was quoting Rs 2,930, a fresh record high, on the BSE, up over 2.5 percent in the past one month. Its current market capitalisation stands at Rs 19.7 lakh crore. The stock experienced a significant uptick in January, rising around 11 percent.

Jana Small Finance Bank, based in Bengaluru, is launching an IPO with a price band of Rs 393-414 per share. The Rs 570 crore public issue includes fresh shares worth Rs 462 crore and a sale of 26,08,629 shares by six investors. The bank has already raised Rs 113.14 crore through equity shares and CCPS. The proceeds from the IPO will be used to strengthen the bank's Tier - 1 capital base.

The market bounced back from a potential downward trend and experts predict that it could reach record highs if the Nifty 50 stays above the support level of 21,500. On February 1st, the budget day, the Nifty 50 fell slightly while the India VIX decreased after the FOMC meet outcome and interim budget. Canara Bank, Eicher Motors, and BEML outperformed the benchmarks with Canara Bank.

Ashok Leyland's stock price dropped by 3%, trading at Rs. 168.3, after the company reported a 7% decrease in total sales to 15,939 units in January 2024 compared to 17,200 units sold in the same month last year. This decline was driven by a drop in both MHCV and LCV sales by 8% and 7% respectively. This marks the third consecutive month of declining sales for the company.