In a setback to Basant and Pankaj Bansal of the M3M realty group, the special PMLA court of Panchkula on Tuesday dismissed their applications wherein they had sought return of prosecution complaints (chargesheets) filed by the Directorate of Enforcement (ED) against them in a PMLA case linked to the corruption case involving former CBI judge Sudhir Parmar.

Reported Consolidated quarterly numbers for Consolidated Construction Consortium are: Net Sales at Rs 43.63 crore in December 2023 up 46.39% from Rs. 29.80 crore in December 2022. Quarterly Net Loss at Rs. 617.75 crore in December 2023 down 1664.8% from Rs. 35.00 crore in December 2022. EBITDA stands negative at Rs. 596.07 crore in December 2023 down 4279.65% from Rs. 13.61 crore in December 2022.

Reported Consolidated quarterly numbers for Amines and Plasticizers are: Net Sales at Rs 175.27 crore in December 2023 up 9.12% from Rs. 160.63 crore in December 2022. Quarterly Net Profit at Rs. 9.88 crore in December 2023 up 100.58% from Rs. 4.92 crore in December 2022. EBITDA stands at Rs. 18.00 crore in December 2023 up 78.04% from Rs. 10.11 crore in December 2022.

Reported Consolidated quarterly numbers for Prajay Engineers Syndicate are: Net Sales at Rs 20.80 crore in December 2023 up 259.14% from Rs. 5.79 crore in December 2022. Quarterly Net Loss at Rs. 6.43 crore in December 2023 down 34.65% from Rs. 4.78 crore in December 2022. EBITDA stands negative at Rs. 4.47 crore in December 2023 down 81.71% from Rs. 2.46 crore in December 2022.

Reported Consolidated quarterly numbers for Manali Petrochemicals are: Net Sales at Rs 204.75 crore in December 2023 down 13.86% from Rs. 237.70 crore in December 2022. Quarterly Net Profit at Rs. 2.94 crore in December 2023 down 6.64% from Rs. 3.15 crore in December 2022. EBITDA stands at Rs. 12.88 crore in December 2023 up 20.6% from Rs. 10.68 crore in December 2022.

Reported Consolidated quarterly numbers for AJR Infra and Tolling are: Net Sales at Rs 17.21 crore in December 2023 up 6.57% from Rs. 16.15 crore in December 2022. Quarterly Net Loss at Rs. 96.45 crore in December 2023 down 43.75% from Rs. 67.09 crore in December 2022. EBITDA stands negative at Rs. 4.88 crore in December 2023 down 153.28% from Rs. 9.16 crore in December 2022.

Insurance companies offer a wide range of policies, making it difficult for customers to choose the right one. Brochures may not be helpful due to complex terms and clauses. Mandatory illustrations provide transparency but do not mention extended internal rate of return (XIRR) for comparison. Budget 2023 announced taxation of life insurance policies with premiums over Rs. 5 lakh per annum.

PhonePe has launched Indus Appstore, a competitor to Google's Play Store, in India. The app store offers over 200,000 apps and games in 12 Indian languages, with no listing fees for developers. It also allows the use of third-party payment gateways and aims to partner with major smartphone brands. CEO Sameer Nigam hopes this will create a more democratic and inclusive digital ecosystem in India.

WEF President Borge Brende stated that India is expected to become a $10 trillion economy and the 3rd largest in the world, with PM Modi being welcomed at Davos. The Indian economy is growing rapidly and attracting interest globally. India's digital competitiveness, increasing FDIs and manufacturing activities, and focus on economic growth rather than geopolitical conflicts were also highlighted.

Various London Stock Exchange Group (LSEG) news and currency trading platforms around the world suffered brief outages as European markets opened on Thursday. LSEG's Eikon and Workspace market data platforms and its interbank foreign exchange matching systems FXT and FXall all stopped functioning, traders in India and Singapore said.

The Delhi high court has ordered SpiceJet to return a leased engine to Engine Lease Finance BV in Brussels, Belgium by March 10. The lessor seeks reimbursement for costs of restoration and accuses the airline of negligence in maintaining the engine. The court has instructed both parties to conclude an inspection of the engine's condition by February 26.

Despite strained diplomatic relations between India and Canada, India's lentil imports from Canada more than doubled in 2023 due to a shortage in domestic production. The increase in imports came after Canadian PM J. Trudeau accused Indian agents of being linked to the murder of a Sikh separatist leader. However, tensions were short-lived as Indian buyers were unable to find alternative sources.

On Thursday, the Nikkei share average in Japan reached a record high of 39,098.68, surpassing its previous peak in December 1989 during the nation's bubble economy. This surge is attributed to across-the-board gains and a strong chip-rally influenced by positive results from US chipmaker Nvidia. The rise in Japanese stocks has also been fueled by foreign investors pouring in billions of yen.

Union Minister Ashwini Vaishnaw is confident that India will maintain a 6-8% growth rate over the next decade and invites global players to invest in the country. He also shares the government's initiatives for economic growth, aiming to become a developed nation by 2047 through manufacturing, education, and healthcare advancements.

Ikea is closing its small-format store in Mumbai's R City mall and consolidating operations at its bigger store in Worli, citing concerns about the store's viability. The company will continue to expand in Mumbai, with plans for new omni-channel formats and physical stores in Pune. Employees affected by the closure will be offered opportunities in other markets.