Paytm's UPI transactions may be at risk after February 29 due to regulatory concerns from RBI. The app's current PSP bank, PPBL, may not be able to continue its services for UPI transactions. Paytm is working with the regulator to address this issue and may need to migrate to a new PSP bank, but this could lead to inconveniences for customers and merchants.

Vedanta Ltd, a mining conglomerate, has successfully completed repayments to bondholders after receiving their consent to delay three bond series. The company's net debt stands at Rs 62,493 crore, and it recently restructured debt maturing in 2024 and 2025. It is raised $1.3 billion through loans and plans to use dividends, royalties, and proceeds from non-core asset sales to repay lenders.

The Rashi Peripherals IPO was highly sought-after by all types of investors, with the subscription being almost 60 times the size of the IPO. Qualified institutional buyers and high net worth individuals showed the most interest, while the retail investor portion was also oversubscribed. The company plans to use the funds raised for debt repayment and other corporate expenses.

Wall Street set for further gains, dollar strengthens. Market watches U.S. inflation data and Middle East events. Global stocks slightly up, buoyed by Wall Street's record highs. Investors rethinking last year's narrative on economy. Eurozone bond yields hit multi-week highs. Japan shares at 34-year high, yen weakens. Chinese markets closed. Nissan shares plummet after poor sales in China.

Bajaj Finance sold 0.88% stake in Strides Pharma Science for Rs 57.37 crore while Amansa Holding Private Ltd acquired 1.24% stake for Rs 81.30 crore. Societe Generale bought 2,58,071 shares of Apollo Pipes for Rs 19.77 crore. Infinity Asset Advisors sold 0.98% stake in Andhra Paper for Rs 20.83 crore. Shares of Strides Pharma Science fell 2%.

Realty firm Omaxe Ltd reported a loss of Rs 71.77 crore in Q3, lower than the loss of Rs 109.11 crore in the same quarter last year. Total income rose to Rs 601.90 crore and total expenses increased to Rs 683.66 crore. Mohit Goel has been re-appointed as Managing Director for five years. The company is prominent in Delhi-NCR, Punjab, Haryana and Uttar Pradesh real estate markets.

The benchmark S&P 500 opened firmly above the 5,000 mark on Friday after data pointed to minimal revisions in last year's inflation figures, supporting expectations that the U.S. Federal Reserve will cut interest rates this year. The Dow Jones Industrial Average rose 5.64 points, or 0.01%, at the open to 38,731.97. The S&P 500 opened higher by 6.26 points, or 0.13%, at 5,004.17.

Finolex Cables reported a 2.16% decrease in net consolidated profit for the third quarter of FY24, with a profit after tax of Rs 150.98 crore. The company's total income saw a growth of 7.05% to reach Rs 1,266.71 crore. In terms of revenue, there was a 6% increase to Rs 1221.7 crore, compared to the same period last year.

Kaiser Corporation's standalone quarterly results for December 2023 show a 14.06% increase in net sales and a 5.83% decrease in net profit compared to the same period in 2022. EBITDA has increased by 100% and EPS has decreased to Rs. 0.00. The company's shares have had negative returns of -33.99% over the last 6 months and -61.87% over the last 12 months.

Dish TV India reported a decrease in net sales and net loss for the quarter ending in December 2023 compared to the same period in 2022. EBITDA also experienced a significant decline. Despite this, Dish TV shares have shown positive returns in the last 6 and 12 months. Expenses, such as employee cost and depreciation, remained relatively stable while other expenses decreased slightly.

The recent Paytm fiasco serves as a reminder for companies to prioritize data security measures and regulatory compliance. The CAIT highlights the need for vigilance and proactive efforts in addressing security vulnerabilities to maintain trust in the digital payment system. The RBI's action against Paytm Payments Bank emphasizes the importance of following established regulatory frameworks.

Peninsula Land, a part of the Ashok Piramal Group, reported a 163.70% growth in net profit during Q3 FY24 compared to the same quarter in the previous fiscal. The company's total income decreased by 43.50%, and their parent company allotted shares and debentures to reduce debt and raise capital for future growth. Their focus on debt reduction has resulted in a 57% decrease in overall debt.

Reported Standalone quarterly numbers for Wim Plast are: Net Sales at Rs 87.11 crore in December 2023 up 9.35% from Rs. 79.65 crore in December 2022. Quarterly Net Profit at Rs. 12.86 crore in December 2023 up 35.47% from Rs. 9.50 crore in December 2022. EBITDA stands at Rs. 20.18 crore in December 2023 up 22.75% from Rs. 16.44 crore in December 2022.

Kamadgiri Fashion's standalone quarterly results for December 2023 show a decrease in net sales by 13.9% and net loss by 4.64% compared to the same period in 2022. EBITDA also experienced a decline of 49.41%. The share prices for Kamadgiri closed at 73.81 on February 08, 2024 (BSE) with -26.48% returns over the last 6 months.

Hyundai Motor has enlisted JP Morgan, Citi and HSBC as advisors for its proposed IPO of its India unit, seeking to raise $3-3.5 billion. The draft papers are expected to be filed by June 2024, potentially making it the largest ever IPO in India. This move follows the record-breaking $2.7 bn IPO of LIC in 2022. More banks may be added in the future and Hyundai and the 3 banks declined to comment.