On Tuesday, Japan's Nikkei share average fell 0.53% as investors took profits and assessed domestic earnings reports. The broader Topix also dropped 0.68%. The market was influenced by US stocks which closed lower due to mixed earnings reports and speculation of interest rate cuts. With a focus on individual stocks, investors reacted to earnings announcements, resulting in profit-taking.

Yes Bank's share price increased by 11% after RBI approved HDFC Bank to acquire up to 9.50% of Yes Bank's share capital or voting rights. HDFC Bank must acquire the majority shareholding within a year, otherwise the approval will be cancelled. HDFC Bank's aggregate holding should not exceed 9.50%, and prior approval is required if it falls below 5%.

Paytm Payments Bank's latest annual report shows that the bank has addressed concerns raised by the RBI, and is confident that their efforts will be viewed favorably. The bank's stock price has decreased significantly following restrictions imposed by the RBI in January. The bank has also taken steps to improve regulatory compliance and engage with stakeholders.

Ashika Credit Capital has reported a significant growth in its standalone quarterly numbers, with net sales increasing by 641.56% and net profit rising by 467.18% compared to the same period last year. EBITDA has also increased by 491.64%, leading to a rise in EPS to Rs. 8.20. The company's shares have shown strong performance, closing at 60.16 and providing 71.54% returns over the past 6 months.

Reported Standalone quarterly numbers for Sundaram Finance are: Net Sales at Rs 1,345.76 crore in December 2023 up 33.41% from Rs. 1,008.76 crore in December 2022. Quarterly Net Profit at Rs. 300.07 crore in December 2023 up 23.65% from Rs. 242.68 crore in December 2022. EBITDA stands at Rs. 1,118.37 crore in December 2023 up 39.52% from Rs. 801.57 crore in December 2022.

Droneacharya Aerial Innovations saw a 2% increase in share price after signing an MoU with Vimaan Aerospace Pvt Ltd for collaboration on drones, training, and services. The focus of the partnership will be on various sectors such as agriculture, survey, surveillance, and defense. The company also secured orders for providing GIS training and skill development programs sponsored.

TCS stock hits all-time high and crosses Rs 15 lakh crore market cap after announcing a multi-year deal with Europ Assistance to enhance IT operating model. The partnership will also use TCS' ignio AIOps solution for better technology insights. In Q3 FY24, TCS reports higher revenue but lower profit due to one-time charge of Rs 958 crore. EBIT margin improves to 25%.

A tribunal has lifted a Rs 12 crore penalty imposed on Cognizant India for allegedly violating tax rules. The dispute was sparked by an audit that found the company had claimed credit on common input services without proper records. However, it was ruled that the US branch office was responsible for these services. This decision was based on evidence and previous court rulings.

McDonald's, along with other Western brands, is facing a sales decline due to perceived pro-Israeli stance in the conflict with Hamas. The company's international division saw weak growth, particularly in countries affected by the war. This trend is expected to continue and has caused concern for earnings in the future. Rival brand Starbucks also cut their sales forecast due to the impact.

Shares of Suven Pharma fell 10% in early trade on Feb 6 due to disappointing Q3 earnings. Net profit decreased 56.6%, revenue slumped 37.9%, and EBITDA margin eroded to 29.7%. The company's specialty chemicals business suffered from volume decline, demand pressures, and falling prices. However, Suven remains hopeful for better performance in the future through collaborations, enhanced offerings.

Tarun Chabbra has been appointed as the new India head for Nokia, replacing Sanjay Malik. This follows a global restructuring that aims to cut 11,000-14,000 jobs, with layoffs already taking place in India despite the company's strong financial performance last year. The restructuring has resulted in job cuts in various functions, including sales and marketing, and has caused frustration.

BLS E-Services' IPO listing on February 6 saw a premium of 128.9% over the IPO price of Rs 135, as expected by analysts. The IPO was subscribed 162.47 times, with high net worth individuals being the top investors. The company plans to use the funds for technology infrastructure, organic growth and acquisitions. Its major customer is State Bank of India and it operates in BC, e-governance.

Rupee stays flat at 83.03 against USD, supported by positive domestic equity markets and continued foreign fund inflow. Investors cautious ahead of Reserve Bank's MPC meeting on Thursday. US dollar trading slightly lower, boosted by strong US economic data. Crude oil prices decline in overseas market. Indian services sector growth hits six-month high in January.

The Karnataka High Court has directed the state government to recover homebuyers' money from the delayed Ozone Urbana project in Bengaluru within four months. The delayed execution of the Karnataka RERA order by the state government has left homebuyers in limbo, with over Rs 245 crore yet to be recovered. Legal experts suggest alternative solutions such as identifying auctionable assets.

BLS E-Services opened at a premium of 126% at Rs 305. The stock was trading at a premium of Rs 155 in the grey market.  The grey market is an unofficial market where shares are traded before the listing on the bourses.   The company set its IPO’s price band at Rs 129-135 per equity share. BLS E-Services’ initial public offer was opened for retail investors on 30th January.