Capital One announced Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States. A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller, said Matt Schulz, chief credit analyst at LendingTree.

Asian shares were below recent highs despite a larger-than-expected interest rate cut in China. Chinese markets fell, but the yuan remained steady. Other Asian markets also slipped, and US Treasury yields rose. Investors are waiting for more support measures and economic data. The markets have scaled back predictions for US rate cuts based on strong economic indicators.

The stock market in India reached record levels on Monday, with domestic buying driving the surge. This comes amidst increasing institutional strength and attractiveness as an investment destination. Indian stocks have also gained weight in global indexes, while regulatory decisions like the Reserve Bank of India's firm stance on Paytm Payments Bank and the Supreme Court's verdict on electoral.

Equity markets closed higher for the fifth consecutive day on Monday. The 30-share BSE Sensex rose 281 points to settle at 72,708 and the broader Nifty closed at its all-time high of 22,122 points.Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

Prague became the latest addition to the list of European cities facing the wrath of farmers over a spike in the cost of energy and a surge in cheap imports. Polymetal International plans to sell its Russian assets at a discounted price. The European Union probes Bytedance's TikTok. All this and more on this edition of World Street. Farm Blaze Hundreds of Czech farmers drove their tractors.

LTIMindtree Limited's stock rises by 1% to Rs 5,566 after launch of Navisource.AI, a autonomous sourcing platform aimed at reducing costs by 10-15%. Platform will simplify procurement processes and increase reliance on AI. Stock has decreased by 12% since beginning of year. Company reported 17% YoY rise in net profit but cautious for Q4 due to weak environment and delay in client decisions.

Shares of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day's high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month.In a fresh dramatic twist, which is no less than an unending soap opera, Zee has re-engaged with Sony Group Corp in a last-ditch attempt to revive their merger.

Shares of Minda Corporation Limited traded higher by 5.4 percent to Rs 449 in morning trade on February 20 after Kotak Mutual Fund and Motilal Oswal Mutual Fund bought Rs 324.96 crore worth of equity stake in the company. This comes after investor Bella Agarwal offloaded her entire 1,08,50,700 shares or 4.53 percent stake in the company at an average price of Rs 403 valuing the deal.

On February 20, Sensex and Nifty 50 opened lower due to global cues. Nifty hit an all-time high in the previous session and analysts believe that sustained levels above 22,150 could lead to further upward movement towards 22,400. Both indices declined by 0.2% at opening, with Nifty forming a neutral candlestick pattern, signaling uncertainty between buyers and sellers.

Bengaluru-based Brigade Group plans to add 3.15 million sq ft of office space in Bengaluru, Chennai, and Hyderabad by FY25, with a revenue potential of Rs 400 crore. The company is also focusing on smaller cities like Thiruvananthapuram and Kochi. In Q3FY24, the company posted a net profit of Rs 56 crore, with the offices segment contributing about 20% of total sales.

Vibhor Steel Tubes, a new company on the stock market, had a successful debut today with its share price listed at 181.5% higher than the issue price on NSE and 178.81% higher on BSE. Experts predicted a listing price of ₹260-280 per share, but it performed even better. The IPO received an overwhelming response from investors, with the subscription status being 298.86 times on the last day.

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.