Reported Standalone quarterly numbers for Birla Cable are: Net Sales at Rs 161.97 crore in December 2023 down 18.89% from Rs. 199.70 crore in December 2022. Quarterly Net Profit at Rs. 3.74 crore in December 2023 down 54.9% from Rs. 8.30 crore in December 2022. EBITDA stands at Rs. 12.02 crore in December 2023 down 32.47% from Rs. 17.80 crore in December 2022.

Reported Standalone quarterly numbers for Paramount Communications are: Net Sales at Rs 275.34 crore in December 2023 up 26.25% from Rs. 218.09 crore in December 2022. Quarterly Net Profit at Rs. 21.90 crore in December 2023 up 52.96% from Rs. 14.32 crore in December 2022. EBITDA stands at Rs. 25.37 crore in December 2023 up 33.95% from Rs. 18.94 crore in December 2022.

Reported Standalone quarterly numbers for Starlineps Enterprises are: Net Sales at Rs 5.33 crore in December 2023 down 26.82% from Rs. 7.28 crore in December 2022. Quarterly Net Profit at Rs. 0.46 crore in December 2023 up 184.4% from Rs. 0.16 crore in December 2022. EBITDA stands at Rs. 0.61 crore in December 2023 up 165.22% from Rs. 0.23 crore in December 2022.

MOIL, a leading manganese ore producer, reported its standalone quarterly results for December 2023. Net sales increased by 1.43% to Rs. 306.31 crore, while net profit saw a significant jump of 36.9% to reach Rs. 54.10 crore. EBITDA also showed growth at 48.11%, standing at Rs. 112.86 crore. The EPS for the quarter was Rs. 2.66.

Reliance Power's standalone quarterly results for December 2023 show a significant increase in net sales, net profit, and EBITDA compared to the same period in 2022. The company's shares have also performed well, with a 58.68% return in the last 6 months and 141.00% in the last 12 months. However, there was a decrease in profits due to high interest expenses and exceptional items.

CBDT Chairman Nitin Gupta announced that the department has disposed of 62,000 tax appeals and will now focus on resolving high-value demands and old appeals. The pace of disposal is expected to pick up with the availability of video conferencing and operational Joint Commissioners of Income-tax (Appeals). The total quantum of disputed direct tax demands stands at Rs 20 lakh crore.

China stocks slumped for a sixth straight session on Monday, with small-cap companies leading the plunge, as investor pessimism worsened on the lack of a clear signal for policy support. The blue-chip CSI300 Index tumbled as much as 2.1% to refresh a five-year low, while the Shanghai Composite Index slumped as much as 3.5%, after tumbling 6.2% last week.

CLSA recommends buy ratings on Tata Motors and LIC Housing, Jefferies suggests buying SBI, and Motilal Oswal maintains a buy rating on Aditya Birla Capital. These firms have raised their target prices for Tata Motors and LIC Housing, with expectations of improving business performance. SBI's revenue growth is being balanced through net interest margins.

Shares of troubled fintech One 97 Communications or Paytm fell another 10% on Monday to its lower circuit limit at Rs 438.35 on BSE as the regulatory crisis deepened with fresh allegations of money laundering and investigation by the Directorate of Enforcement (ED) coming to the fore. In the last 3 trading sessions, including today, the stock has lost 42.4% of its value or Rs 20,500 crore.

The Allcargo Gati stock was trading around 1.2 percent higher on February 5 morning after company reported a consolidated net profit at Rs 18.8 crore in the December quarter. At 9.30 am, the stock was trading at Rs 125.30 on National Stock Exchange. Over the last year, the stock has fallen around 8 percent. In a regulatory filing on February 2, Allcargo Gati reported a net profit of Rs 18.8 crore.

Mining conglomerate Vedanta Ltd received inquires from domestic and international players for its non-core assets, the company's chief financial officer Ajay Goel told analysts in a post-earnings call, reinforcing that the company's intension to dispose the assets remains intact. The comments were made during the earnings call on January 25, the transcript of the same was made available on Jan.

Bharti Airtel is expected to have a steady December quarter aided by higher average revenue per user (ARPU) and strong non-mobile segment performance. Analysts predict a 47% rise in net profit and a 6% increase in consolidated revenue. Subscription growth of 3.6 million and ARPU of Rs 205 are factored in. EBITDA for Bharti Airtel's India operations is likely to grow 1.7% QoQ.

The government has no plans to reduce the 15% import duty on gold, as it has been a major source of revenue for the country with expected gold imports of 800 tonnes in 2023-24. The increase in duty has also helped curb smuggling activities. However, the Gem & Jewellery Export Promotion Council has requested a reduction in import duty on gold bars and silver bars to improve working capital.

Singapore payments company Nium has been granted provisional approval from the Reserve Bank of India for a prepaid payment instrument (PPI) and payment aggregator (PA) license. This will allow Nium to offer various financial products in India, such as prepaid cards and merchant payment acquiring services. The PPI license will enable the issuance of pre-loaded cards.

The RBI's use of Section 35A against Paytm Payments Bank seems impulsive. This section is usually used to protect depositors' funds, but Paytm's limit of Rs 2 lakh per customer makes this unnecessary. The bigger issue is the future of fintech and its relationship with banking. The concept of payment banks is sound, but disputes arose due to the emergence of BNPL models.