Jio Financial Services has clarified that it is not in talks to acquire Paytm wallet. This comes after a report stating that Jio and HDFC Bank were looking to acquire the troubled wallet business from One 97 Communications. The stock price of Jio, which recently got demerged from RIL and listed on stock exchanges, rose 14%. RBI has also reportedly found issues with KYC compliance.

HCL Foundation, the CSR wing of HCL Tech, said on Monday that it is working with 5.5 million people across 20 states through its CSR initiatives. Nidhi Pundhir, Vice President, Global CSR, HCLTech, and Director, of HCL Foundation, said, "We have contributed significantly during emergencies such as the Michaung cyclone, and the cold wave in Delhi."

Multiple startups have appealed to the Supreme Court against the Madras High Court's decision to dismiss their plea challenging Google's app billing policy. The court will hear the case on February 9. The high court ruled that the Competition Commission of India (CCI) has jurisdiction over allegations of abuse of dominant position by Google, and its orders would apply to all businesses.

Britannia Industries Ltd is set to release its Q3 FY23 earnings, with analysts predicting a 2% increase in consolidated net profit compared to the same period last year. Revenue growth is expected to be limited at 3%, due to high competition and only single-digit volume growth. The previous year's exceptional gain of Rs 359 crore will impact this quarter's net profit estimate.

Kerala government facing financial constraints, increases court fees and excise duty on liquor. No increase in social welfare pensions or minimum support price for rubber. Proposes public-private partnerships in key sectors to raise funds for developmental projects. Budget also allocates funds for major projects such as Vizhinjam Port and Cochin Metro.

Strata, a real estate investment platform, has purchased a 11-storey Café Coffee Day Square in Bengaluru. The property has a total area of over 100,000 sq. ft. and is Strata's seventh asset in the city. They currently have 34 assets across India with a combined area of 3.7 million sq. ft. under their management.

Man Industries allotted Rs 250 crore worth of shares to various investors, including Ashish Kacholia and RBA Finance and Investment Company. Each investor received a portion of the total 68.11 lakh shares at a price of Rs 367 per share. This deal gives Ashish Kacholia a 1.96% stake in the company. Man Industries saw a rise in revenue but a decline in net profit in its Q3 results.

The Indian stock market closed on a negative note, with major indices such as Nifty 50 and Sensex losing points due to selling pressure in banking and consumer durables sectors. The broader indices also ended lower and there was a mixed signal from momentum indicators, hinting at continued consolidation. Stocks like Tata Motors and Coal India were among the top gainers.

Tata Motors has postponed their plans to raise additional capital for their EV business, as the company's EV arm is generating positive results and they plan to utilize PLI funds from the government for further expansion. The company has already raised $1 billion from TPG Rise Climate and will generate the remaining funds needed through PLI benefits.

The Nifty50 saw a decline of 192 points due to selling pressure and profit booking, forming a bearish candlestick pattern. Experts suggest that as long as the index trades below 21,900, weakness and consolidation may continue with support at 21,600-21,500 levels. On the Bank Nifty front, it has broken the 10-day EMA and faces resistance at 46,500, with a support level of 45,400.

Labour Party accuses Infosys of receiving special treatment and ‘VIP access’ due to familial connections with UK Prime Minister Rishi Sunak’s wife, who has a 0.91% stake in the company worth around GBP 500 million. This follows questioning of her decision to liquidate an investment venture and her non-dom tax status, causing controversy for Sunak’s political career.

The government announced that 10 companies, including Nalco and Gujarat Mineral Development Corporation, have submitted bids for coal mines being auctioned in the eighth round of commercial mines auction. A total of 35 mines were put up for auction, with 7 bids received for four mines. In the second attempt of the seventh round, 3 bids were received for 3 mines.

India's financial fraud agency is looking into whether Paytm and its affiliate, Paytm Payments Bank, violated foreign exchange rules. They have not contacted the company yet and allegations are said to be unfounded. The Reserve Bank of India ordered the bank to wind down some operations by Feb. 29 but there were no previous reports of a government investigation.

Senior AAP leader Manish Sisodia has been allowed to visit his ailing wife once a week while in custody. His judicial custody has been extended till February 22 and the court has directed the CBI to file a detailed status report about their ongoing investigation by that date. The defence counsel has requested time for scrutiny of newly received documents.

One97 Communications, parent company of Paytm, has denied reports of a regulatory probe into alleged violations of foreign exchange norms. They stated that neither the company nor its banking arm are under investigation by the Enforcement Directorate. The sources cited in the initial report did not specify which provisions of the Foreign Exchange Management Act were being investigated.