Oil prices remained stable on Monday despite drops last week due to tensions in the Middle East and a strong U.S. job report. Brent and WTI futures were down slightly, with both benchmarks seeing a 7% decrease at the end of last week. The U.S. Federal Reserve may delay interest rate cuts after a positive jobs report, which could affect market expectations.

Turkey's economic outlook is looking up for foreign investors as the country shifts towards more orthodox financial policies and sees a change in economic governance. With the return of experienced leaders and promising signs of stability, the potential for foreign investment is growing. However, Turkey still faces challenges such as high inflation, budget deficits, and political risks.

Ashu Shinghal of Mahanagar Gas Limited (MGL) stated that blending CBG with CNG and PNG would not affect their prices as the quantity of CBG blended will initially be small. The government has made CBG blending mandatory, but it is not expected to have a major impact on prices due to the small quantity. MGL is setting up a CBG plant in partnership with BMC which will help meet budget requirements.

📌Bharti Airtel Q3 net profit jumps 54%, ARPU at Rs 208. 📌No law agency probe into Paytm as of now, says revenue secretary. 📌Banks await RBI green light before partnering with Paytm to take over merchant accounts. 📌LIC jumps 7%, tops Rs 1,000 mark for the first time on government's value push. 📌Accenture’s $450-million Gen AI pipeline is more than the top 10 Indian IT companies’ combined.

Hitting the $500 billion trade target will be difficult with over-reliance on a handful of sectors for the bulk of our trade. India must roll back tariff increases, reduce local manufacturing mandates, and ease price controls that hinder trade, while the US must re-authorise the Generalized System of Preferences (GSP) programme and review tariffs on Indian steel and alumnium imports.

Vijaya Diagnostics has reported a 58% increase in net profit and 17.3% increase in revenue in the December quarter compared to the same period last year. EBITDA margin also saw an improvement. The company entered Karnataka with a new hub and is seeing positive market response and performance. Non-Covid revenue growth was driven by increased volume in both radiology and pathology segments.

The rupee depreciated slightly against the US dollar due to a strengthening of the American currency and negative sentiment in the domestic equity markets. However, lower global crude oil prices helped offset some of the decline. The rupee settled at 83.06 against the dollar on Monday, down 8 paise from its previous close. The dollar gained strength after positive economic data.

DB Realty plans corporate restructuring, including demerger of hotel/hospitality business to unlock growth and value. The real estate firm has faced challenges due to promoter involvement in 2G scandal, but is now partnering with big names like Adani and Godrej for development projects. It also acquired hospitality assets and raised Rs 1,544 crore through convertible warrants.

Apeejay Surrendra Park Hotels' IPO worth Rs. 920 crore was highly subscribed on the first day of bidding, February 5. It received positive ratings from analysts due to its focus on reducing debt and potential for growth in the post-pandemic era. The company operates under various brands in the hospitality industry and is the eighth-largest group in terms of hotel room inventory.

Nippon India Mutual Fund NFOs: Nippon India, one of the most established fund houses in India, launched two new funds on Monday (February 5, 2024)- Nippon India Nifty Bank Index Fund, Nippon India Nifty IT Index Fund. The subscription for the new mutual funds opened on Monday and will be available till February 16. The minimum investment for these opened ended schemes is Rs 1,000.

Vanguard, a US-based Asset Management Company, has reduced the fair value of Ola's parent company, ANI Technologies, for the third time in a row. This brings Ola's estimated valuation to $1.9 billion, which is significantly lower than its previous valuation of $7.3 billion in 2021. Despite narrowing losses and increasing revenue, ANI Technologies' valuation has been decreasing due to readjustment.

Brian Kelly is The Points Guy, a pioneer in the cottage industry that helps credit card users get the most out of air miles and other rewards. He got into it when young out of a determination to always fly business class. His motivation? “I’m six-foot-seven!” he says. Unfortunately for points obsessives like Kelly, rewards programs are under threat. This is a multibillion-dollar business in US.

Microfinance company Satin Creditcare Networks is likely to see a reduction of up to 20 bps in the cost of funds in the January-March quarter due to improvements in the long-term debt ratings in December, CMD HP Singh said in an interview with Moneycontrol. In December, rating agency ICRA upgraded the company’s long-term debt ratings to ‘A’ from ‘A-‘ earlier due to profitability metrics.

📌Bank of India | CMP Rs 138.9 | fell 8.35% 📌Indigo | CMP Rs 3,171 | rose over 5% 📌LIC | CMP Rs 995.75 | rose 5% 📌Tata Motors | CMP Rs 929.75 | up 5.8% 📌Cochin Shipyard | CMP Rs 894 | 1.24% down 📌KPI Green Energy | CMP Rs 2,193 | rose 5% 📌Titagarh Rail Systems | CMP Rs 1,019 | fell 1.93% 📌VA Tech Wabag | CMP Rs 699 | rose 5.62% 📌Aurobindo Pharma | CMP Rs 1,021.65 | rose 4.23%

LIC Housing Finance is aiming to increase the share of affordable housing loans in its portfolio from 8-10% to 20-25% in the next two years. The company witnessed slower loan growth of 5% in the December quarter due to internal restructuring and management changes. However, they believe the demand for affordable housing loans will offer growth opportunities and wider margins.