In a recent block deal, 3.2 crore shares of Whirlpool of India were sold by Whirlpool Mauritius Ltd, a promoter entity of the company, for approximately Rs 4,039 crore. The deal represents 24.7 percent stake and the promoter group plans to reduce their overall stake in the company to 51 percent. The base size of the deal is $282 million, with an upside option of $169 million.

Deepak Fertilisers and Petrochemicals share price jumped nearly 10% following the announcement that the company had signed a 15-year LNG contract with Norwegian giant Equinor. Deepak Fertilisers share price opened at ₹518.65 apiece on BSE and touched an intraday high of ₹546 and a low of ₹512.50 apiece. According to analysts, recently Deepak Fertilisers share price saw a strong sell-off.

Kotak Mahindra Bank share price gained over a percent in early trade on Tuesday after the private sector lender announced the reorganization of its top management.Kotak Mahindra Bank has elevated KVS Manian as Joint Managing Director (JMD) of the Bank replacing ex-JMD Dipak Gupta, and Shanti Ekambaram as Deputy Managing Director (DMD) from March 1.

Shipments of diesel from India into Europe are at the lowest since 2022 so far this month as Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better.

The stock of Federal Bank dropped 8% as investors took profits amid a weak market. The stock has risen 24% from its 52-week low, but is still 10% away from its high. It gained 5% in February after a decline last month. The bank announced the allotment of equity shares to employees under an ESOS scheme and is in the process of selecting a new CEO. In Q3FY23, the bank saw a 25% rise in net.

Shares of Tourism Finance Corp of India Ltd saw a 5% increase after four block deals for 11.8 million shares at Rs 248 crore valuation, setting each share at Rs 210. Moneycontrol could not confirm buyers/sellers. The stock rose 5% and hit a circuit limit in four out of five sessions, jumping 73% in 2024. Reported earning for December with net interest income at Rs 27.51 crore.

NBCC share price rose by 3 percent on Tuesday after the company received three orders worth Rs 369.05 crore. These include a work order for development at Rani Lakshmi Bai Central Agricultural University, construction of a court complex and residential quarters in Telangana, and renovation of ICAI Bhawan. In the last week, the company also won a project to redevelop a housing complex in Delhi.

The stellar rally in Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting.

Global brokerage firm Citi has shared a 'buy' rating on HDFC Bank with a target price of Rs 2,050 per share, implying an upside of over 44 percent from last close of Rs 1,417. Citi analysts are betting on lender's robust and sustainable franchise, which is poised to fuel a profitable growth in the future. So far this year, the stock of India's biggest private sector lender lost over 17 percent.

The Zee-Sony Saga: In a dramatic twist, Zee Entertainment (ZEEL) and Sony Group Corporation are re-engaging in talks to salvage their $10 billion merger, two years after it was called off. Representatives from both sides have held meetings in Mumbai, aiming to overcome key differences and reach an agreement within the next 48 hours.

This week, the NSE Nifty 50 reached a new all-time high of 22,186 and technical charts suggest that it may soon break out and reach 22,500. In the last month, the Nifty has seen some resistance but has stayed strong thanks to support from the Consumer Durable and Pharma sectors. Some analysts predict that if this momentum continues, the index could reach even higher levels like 22,400 - 22,600.

Godrej Properties, real estate arm of Godrej Group, expects to surpass Rs. 15,000 crore business guidance for current fiscal year with robust deal pipeline and market consolidation. They plan to acquire projects to launch immediately, aiming for strong growth in the next 2-3 years. Recent acquisitions have pushed their count to 7 with estimated booking value of Rs. 11,925 crore.

Financially troubled Byju's has downsized its office space in Bengaluru, vacating a 400,000 sq ft property at Prestige Tech Park, as part of its ongoing cost-cutting efforts. "The rental was terminated earlier this year, and the deposit was adjusted against the rent defaults. The firm also has ongoing disputes with its other landlords," said two people aware of the development.

PNB Housing Finance recently introduced a limited-time promotion for its fixed deposits, offering senior citizens an interest rate of up to 8.30 per cent. This is higher than the 8 per cent offered to those below 60 years old. The offer is valid for deposits made before March 31, 2024 starting at a minimum of ₹10,000. Senior citizens prefer FDs due to advantages like higher interest rates.

Tata Consultancy Services (TCS), India's largest IT company, has leased 400,000 sq ft of office space in Noida. This is one of the biggest office space transactions in Delhi-NCR and reflects a renewed demand for high-quality Grade A office space. The company's decision to resume work from the office has contributed to this trend. Delhi-NCR saw a record gross leasing volume in Q4 of 2023.