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India’s Top Business Updates as of February 15, 2024

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As of February 15, 2024, the following are some of the top business updates in India:

  • S&P Global India launches the ‘India Research Chapter’ to provide India-oriented research and reports.
  • The Indian stock market, Sensex, and Nifty indices closed with gains, with financial, auto, and IT stocks leading the rise.
  • Haryana Power Purchase Centre signed a MoU with Coal India to buy 800 MW from Mahanadi Basin Power.
  • Visa Steel reported a reduced net loss for Q3, 2023.
  • Marsons Ltd secured orders worth nearly ₹40 Crore as part of the ROSS scheme in West Bengal.
  • KRBL, the owner of India Gate, plans to focus on non-basmati rice varieties, with the segment expected to reach ₹200 crore in revenue.
  • Canara Bank mopped up ₹2,000 crore via AT-1 bonds.
  • MCX delivered revenue growth of 33.4% in Q3-FY24.
  • Poddar Housing and Development increased its authorized capital to ₹10 crore.
  • Aimwin Capital acquired 1,50,000 equity shares of Ashapuri Gold Ornament Ltd.
  • CLC Industries entered into an agreement with Neo Stretch to transfer Pithampur Undertaking on a slump sale basis.
  • Muthoot Finance shares fell after strong Q3 results, with brokerages looking unimpressed.
  • Paytm was on the ‘buy’ list of mutual funds in January.
  • Crompton Greaves Consumer Electricals shares declined after Q3 results fell short of analysts’ expectations.
  • NMDC shares climbed to a 52-week high after operationally strong Q3 results.
  • Yatra Online shares slipped.
  • M&M surged 7% after the equity benchmarks Nifty50 and Sensex ended a volatile session on Dalal Street.

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