Entero Healthcare Solutions IPO is scheduled to list on Friday, February 16. The IPO allotment was finalised on Wednesday, February 14 and the refund process for those not allotted shares began on Thursday, February 15. The subscription status of the IPO was 1.53 times on day 3, with lukewarm response from retail and non-institutional investors.

Despite a multi-bagger run in the last 1 year, brokerage house Equirus Capital expects a 42 percent upside in jewellery stock Thangamayil Jewellery (TJL) by March 2025. Strong visibility and robust financials would enable TJL to command a premium multiple than current levels, it believes.The brokerage has initiated coverage with a 'LONG' recommendation on the stock with a target price.

Ashok Gulati, an eminent agricultural economist and professor at the Indian Council for Research on International Economic Relations (ICRIER), has weighed in on the pressing issue of farmers' demand for legislation on Minimum Support Price (MSP) and its potential implications. In an interview with the news agency ANI, he expressed his views, stating,

Reported Consolidated quarterly numbers for Relic Life Science are: Net Sales at Rs 0.42 crore in December 2023 up 14.95% from Rs. 0.37 crore in December 2022. Quarterly Net Loss at Rs. 0.06 crore in December 2023 down 224.75% from Rs. 0.05 crore in December 2022. EBITDA stands at Rs. 0.00 crore in December 2023 down 100% from Rs. 0.08 crore in December 2022.

The rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the US dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.

Reported Consolidated quarterly numbers for Nimbus Projects are: Net Sales at Rs 0.02 crore in December 2023 down 98.35% from Rs. 1.25 crore in December 2022. Quarterly Net Loss at Rs. 3.14 crore in December 2023 down 139.19% from Rs. 8.02 crore in December 2022. EBITDA stands negative at Rs. 1.80 crore in December 2023 down 120.88% from Rs. 8.62 crore in December 2022.

In the December 2023 quarter, Repco Home Finance reported a 18.44% increase in net sales at Rs. 387.30 crore and a 25.06% increase in net profit at Rs. 104.01 crore. EBITDA also saw a growth of 20.63%, while EPS increased from Rs. 13.29 to Rs. 16.63. Over the last 6 months, the company's shares have risen by 27.

The RBI has asked Visa to stop its BPSP solution, which allowed small businesses to accept credit card payments without a terminal. This arrangement was not authorized under the PSS Act and did not comply with KYC requirements. The regulator is concerned about who the end users are and the purpose of the payments. Further guidelines may be needed, but the business will likely resume.

The Department of Revenue has invited applications for appointment to the posts of the Judicial Members, Technical Members (Centre) and Technical Member (State) in Principal Bench and States Benches of GST Appellate Tribunal (GSTAT), the Finance Ministry said in a statement. Eligible candidates are required to apply online and application portal would be accessible from February 19 until 5 pm.

Carlyle Group sold equity stake worth Rs 1,056 crore in Yes Bank on the BSE on February 15. According to data provided by the BSE, Carlyle Group sold 1.35 percent stake in Yes Bank through open market transactions. CA Basque Investments, a Carlyle Group entity, sold 390,000,000 shares in Yes Bank at an average price of Rs 27.10. Carlyle Group sold Rs 1,056.9 crore worth of shares in Yes Bank.

Defence Sector associated companies as Hindustan Aeronautics Ltd, Cochin Shipbuilders, Mazagaon Docks, Bharat Dynamics, ZEN Technlogies ltd, Astra Microwave products, Mishra Dhatu Nigam and others have seen sharp rise in share prices, of up to 250% during past one year. On an  average12 defence companies have given returns of 105 % during last one year as per Bloomberg. 

Reported Consolidated quarterly numbers for Millennium Online Solutions ( India ) are: Net Sales at Rs 0.36 crore in December 2023 down 5.64% from Rs. 0.39 crore in December 2022. Quarterly Net Loss at Rs. 0.03 crore in December 2023 up 71.66% from Rs. 0.11 crore in December 2022. EBITDA stands negative at Rs. 0.03 crore in December 2023 up 72.73% from Rs. 0.11 crore in December 2022.

Reported Consolidated quarterly numbers for Southern Infosys are: Net Sales at Rs 3.63 crore in December 2023 up 181.23% from Rs. 1.29 crore in December 2022. Quarterly Net Profit at Rs. 0.02 crore in December 2023 down 67.37% from Rs. 0.05 crore in December 2022. EBITDA stands at Rs. 0.06 crore in December 2023 down 0% from Rs. 0.06 crore in December 2022.

The Supreme Court (SC) decision on electoral bonds has put hundreds of taxpayers who have used these instruments to make donations to political parties and claim tax deductions in a quandary. The court on February 15 termed electoral bonds, which are essentially banking bearer instruments used to donate money to political parties, as unconstitutional due to the anonymity of the donors.

Reported Consolidated quarterly numbers for Elixir Capital are: Net Sales at Rs 5.90 crore in December 2023 up 7039.06% from Rs. 0.08 crore in December 2022. Quarterly Net Profit at Rs. 2.36 crore in December 2023 up 328.87% from Rs. 1.03 crore in December 2022. EBITDA stands at Rs. 4.51 crore in December 2023 up 525.47% from Rs. 1.06 crore in December 2022.