Reported Standalone quarterly numbers for Sadbhav Engineering are: Net Sales at Rs 114.70 crore in December 2023 down 45.36% from Rs. 209.91 crore in December 2022. Quarterly Net Loss at Rs. 61.80 crore in December 2023 down 42.83% from Rs. 43.27 crore in December 2022. EBITDA stands negative at Rs. 12.40 crore in December 2023 down 264.02% from Rs. 7.56 crore in December 2022.

On February 12, the stock market saw a sharp decline in the Sensex, Nifty and Bank Nifty indices. The Nifty slipped below a crucial support level while Bank Nifty tumbled 2 percent. Technical analysts believe that sentiment remains weak, with the Nifty showing a consolidation breakdown and forming lower tops, indicating a bearish outlook. The index is expected to remain in a range.

Greater Noida authority is offering up to 40% discount on builder dues as part of a one-time settlement scheme, approved by a committee chaired by Amitabh Kant. The rebate is available for pending dues until March 31, 2023, with discounts decreasing for later payments. This will benefit 117 projects and 75,000 buyers in Greater Noida, with independent calculation of dues and no additional charge.

The primary market is expected to slow down this week after a busy previous week. However, there are still eight IPOs scheduled, including ones on the mainboard and SME segment. Some notable IPOs include Vibhor Steel Tubes, Rudra Gas Enterprise, WTI Cabs, Thaai Casting, and Entero Healthcare Solutions. These IPOs range in size and pricing, with companies like Alpex Solar Limited offering.

The benchmark Nifty 50 and Sensex traded lower in afternoon trade on February 12 amid lack of positive triggers and a slump in frontline banking stocks. Selling in a few heavyweight counters like Reliance Industries, ITC, ICICI Bank, and SBI too weighed on the benchmarks. State-run banks struggled with losses as investors chose to book profit from its recent run-up amid growing bullishness.

Goods and Services Tax (GST) co-insurance and re-insurance are likely to be discussed at the next meeting of the GST Council, after the issue is examined by the fitment committee, a senior government official told Moneycontrol. Certain industry practices have been leading to non-payment of the tax, due to which clarity needs to be brought in, the official explained.

Signature Global, a realty firm, has entered into a Joint Development Agreement with a landlord for a 20-acre land in Gurugram. The project has a estimated revenue potential of Rs 4,500 crore. This is part of the company's expansion plan to tap into the growing housing demand post-COVID. They have recently signed three more JDAs and are seeing an increase in sales bookings and net profit.

Indian government bond yields declined slightly on Monday as traders awaited inflation data for both India and the US this week. The benchmark 10-year yield was at 7.0939%, down from last week's close of 7.1067%. State debt supply also fell below expectations. Analysts predict that Indian retail inflation likely eased in January, while the RBI reiterated its commitment to meeting.

SpiceJet shares dropped 4% due to a reported workforce reduction of 10-15% in order to save about Rs 100 crore. The airline is implementing other cost-saving measures and could lay off approximately 1,400 employees. This is necessary to bring costs in line with the airline's operations, which have been severely impacted by the pandemic. The airline currently operates 30 instead of 118 planes.

The RBI will hold a Rs 25,000 crore VRR auction between 12.30 pm and 1 pm today due to higher deficit liquidity in the banking system. This is the second VRR auction announced for the day and the central bank has conducted various such auctions in the past few days. Earlier, a VRR auction of Rs 25,000 crore saw bids five times the amount, but only Rs 25,007 crore were accepted at a cut-off rate.

The article discusses the story of Vikas, a 30-year-old IT engineer and investor who follows a philosophy of investing in stocks that are part of his daily lifestyle. However, his approach may not always lead to profitable investments due to the influence of familiarity bias. To optimize his portfolio, it is suggested that investors should follow a data-backed approach.

Markets traded in a narrow range with a slight decrease, continuing the consolidation period. Nifty showed mixed trends across sectors, with some performing well (pharma, energy, realty) and others seeing pressure (FMCG, banking). The US markets remain positive, providing some comfort amidst local choppiness. Consolidation expected to continue, with banking holding the key for future direction..

India is facing a growing need for blue-collar workers in the infrastructure and manufacturing sectors due to increased government spending and growth in these industries. However, there seems to be a mismatch between where these jobs are located and where the talent pool is located, as well as a preference among candidates to work in their home state.

Bandhan Bank's Q3FY24 results disappointed investors as asset quality remained elevated. The stock plunged over 7% to Rs 199 per share on February 12 and has declined 12% in the past month. Though brokerages maintained 'buy' calls, they reduced their target prices amid a forensic audit by NCGTC to assess loan evergreening. The bank's net NPA rose to 2.2%, while gross NPA declined to 7%.

The Indian rupee increased slightly against the U.S. dollar on Monday as most Asian markets were closed. Investors are waiting for inflation data from India and the U.S. to determine when the Fed may cut rates. The rupee is expected to stay within a small range, while investors wait for more solid support for appreciation.