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.

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.