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₹1,469.73 crore in the December quarter, pushed by higher income. It had clocked a net profit of ₹903.89 crore in the year-ago period, the mining company said in an exchange filing.

ICICI Bank, along with his aides, withdrew crores of rupees from unsuspecting customers' accounts in order to meet business targets. The withdrawal was made to create an illusion of opening new fixed deposit accounts, current and savings bank accounts, reported The Economic Times. The matter turned worse when someone got a whiff of it and started blackmailing the officials.

₹120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP) submitted on February 14. Also read: Vibhor Steel Tubes IPO receives phenomenal response on the second day, subscribed 101.42 times; GMP drops Among the existing shareholders, SAIF Partners India IV and Peak XV Partners Investments V (previously known as SCI Investments V) will be the primary sellers in the OFS of the professionally managed company, offering 1.94 crore and 1.3 crore equity shares, respectively.

Radisson Hotel Group said on Wednesday it has 'accelerated' its growth in India by signing 21 hotels in 2023, under its portfolio of nine brands. The chain said it has marked its foray into the South Asian luxury market by signing the first Radisson Collection in India. The group also announced the signing and opening of the first internationally branded hotel in Ayodhya, the Park Inn by Radisson Ayodhya.

Enforcement Directorate on Wednesday issued a sixth summon to Delhi Chief Minister Arvind Kejriwal asking him to appear on February 19 in the liquor policy case. Earlier on February 7, Delhi's Rouse Avenue Court on Wednesday took cognizance of the Enforcement Directorate's complaint and summoned Kejriwal on February 17, 2024. ED had approached the court against Kejriwal for not complying with the summons issued by the central probe agency in the Delhi liquor policy money laundering case.

Indiamart Intermesh, an online B2B marketplace, with a 'buy' tag, setting a target price of ₹3,400 apiece, which implies a 26% upside from the stock's current trading price. Additionally, in a bull case scenario, the brokerage sets an even higher target price of ₹3,820 for the stock. The brokerage's bullish outlook stems from the company's strong position in the online B2B classified segment, potential revenue growth driven by the rise in digital penetration among SMEs, and reasonable valuations.

Narendra Modi on Wednesday said India brings talent and innovation to the table and the International Energy Agency (IEA) will benefit if the world's fastest growing major economy plays a bigger role in the Paris-based organisation. In a recorded message for the ministerial meeting of the IEA, he said India has surpassed its Paris climate targets ahead of schedule and remains firmly committed to addressing the global issue. Prime Minister Modi said India's carbon emissions account for only four per cent of the global total despite it being home to 17 per cent of the global population and undertaking some of the world's largest energy access initiatives. Congratulating the IEA on its 50th anniversary, the prime minister said, «I am sure that the IEA will benefit when India plays a bigger role in it.»

Afghanistan all-rounder Mohammed Nabi on Wednesday became the oldest player to headline the ICC ODI all-rounders' list, ending Shakib Al Hasan's long reign at the top. There is little to no change at the top of the Test rankings with India's Jasprit Bumrah firmly perched at the top of the bowlers' list. India's Ravindra Jadeja, who is set to return in the third Test against England beginning Thursday, still led the way comprehensively in Test all-rounders' rankings. Nabi reached the No.1 spot following his 136 during the opening match of Afghanistan's three-match ODI series against Sri Lanka, while the 39-year-old also picked up a wicket in the same contest to gain one place and move to seventh on the latest rankings for ODI bowlers.

Badrinath Dham in Uttarakhand will be opened for devotees at 6 am on May 12, the temple committee said on Wednesday. Keeping with tradition, the date and time for the opening of the temple gates were announced after a religious ceremony at Narendra Nagar Palace on the occasion of Basant Panchami on Wednesday, chairman of Badrinath-Kedarnath temple committee Ajendra Ajay said. The erstwhile Tehri royal family members, including BJP MP from Tehri Mala Rajya Laxmi Shah, her husband Manujendra Shah and their daughter Shrija Shah were present at the ceremony, Ajay said. The Tehri royal family is an integral part of the rituals associated with the opening of the Himalayan temple which is closed every year during winter when it remains snowbound.

Warehousing & Logistics recorded absorption of 37.8 million sq ft, 21% higher, compared to the previous year. Absorption has been on the rise since 2021, increasing gradually year over year. Despite dried-up investments in 2023, absorption surpassed pre-pandemic level of 2019 by 15%. The sector received investments worth USD 646 million in 2023, accounting for 15% of the total institutional investment received in the real estate sector. However, investments declined by 65% in 2023 over the previous year as investors opted for wait-and-watch mode amid global macroeconomic uncertainty. In the past decade, 3PL companies emerged as a preferred choice for several businesses as these companies can optimize cost along with providing flexibility to their clients in case of demand uncertainty.

Read here: MSCI Rejig: PNB, BHEL, NMDC, among five additions to India Standard Index; 27 stocks added to Small Cap index Overall, Nuvama Alternative & Quantitative Research expects India to witness upwards of $1.2 billion FII passive inflow after these adjustments, which will take place on February 29. Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.

The notional open interest, which represents the dollar value locked in active Bitcoin (BTC) futures contracts, has surged to its highest level in more than two years.

₹1,363.45 on the BSE. HDFC Bank share price opened at ₹1,380.90 against the previous close of ₹1,394 and cracked over 2 per cent to the 52-week low level. The stock has been under strong selling pressure this year.

₹46.80 in December 2023 to currently trade at ₹24.13, implying a decline of as much as 48.4 percent. An investment of ₹1,00,000 in December last year would have decreased to ₹51,600 now. The stock has already shed 9.5 percent in February so far, extending losses for the third straight month.

₹109.3 crore as against ₹103.3 crore in the year-ago period. Meanwhile, its revenue from operations jumped 23.3 percent to ₹1,652.2 crore in Q3FY24 versus ₹1,339.6 crore in Q3FY23. On the operating front, the jewellery maker's EBITDA advanced 11.3 percent to ₹181.1 crore in the December FY24 quarter as compared to ₹162.7 crore in the December FY23 quarter.

Federal accident investigators are pushing for better cockpit voice recorders

The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system

₹3,729.05 apiece on the BSE. Eicher Motors posted a consolidated net profit of ₹995.97 crore for the quarter ended December 31, recording a growth of 34.43% from ₹741 crore in the year-ago period, led by price increases and higher volumes. The company’s revenue from operations in Q3FY24 rose 12.28% to ₹4,179 crore from ₹3,721 crore, year-on-year (YoY).

Eicher Motors, Wipro, Infosys, LTIMindtree and IndusInd Bank were the losers on Nifty, while BPCL, Adani Enterprises, Apollo Hospital Enterprises, Adani Ports, and Hindalco were the top gainers. Reliance Industries was the only stock in green among the constituents of the Sensex index.Indian benchmark indices were in the red at pre-open on Wednesday, tracking Asian and US peers down, on the back of hotter-than-expected US-inflation data.At opening bell, Sensex was down 519.94 points, or 0.73%, at 71,035.25 and Nifty was down 175.80 points, or 0.81%, at 21,567.45.Reviewing the banking, financial services and insurance sector's December quarter results so far, brokerage house Anand Rathi noted that the higher cost of fund (CoF) impact seen in banks has not yet hit non-banking financial companies.

The year has kicked off well for India’s automobile industry. All major categories except one posted double-digit year-on-year growth. Retail sales of two-wheelers grew 15% in January, according to data from the Federation of Automobile Dealers Associations.

South Korea's military says it has detected North Korea firing multiple cruise missiles into waters off its northeastern coast in its fifth test of such weapons since January. South Korea's Joint Chiefs of Staff on Wednesday didn't immediately provide the exact numbers of missiles fired or how war they flew.