Category: Corporate

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Corporate

BSE shares jump 6% to yearly high after strong Q3

Shares of the Bombay Stock Exchange (BSE) climbed sharply on Tuesday, rising over 6% to hit a 52-week high, after the company posted strong results for the third quarter of 2025‑26. Investors reacted positively to BSE’s higher-than-expected earnings and optimistic outlook from brokers.

BSE reported a net profit of ₹602 crore, up around 174% from ₹220 crore in the same period last year. Revenue also grew about 62%, reaching ₹1,244 crore, helped by increased trading activity and more participation in different markets.

The growth came mainly from derivatives trading, mutual fund transactions, and new listings, which boosted transaction charges and overall revenue. Analysts said the results show BSE’s strong position in India’s capital markets and its ability to generate consistent income across business segments.

On the stock market, BSE shares traded at nearly ₹3,175 each, marking their highest level in a year. This rally reflected strong investor confidence in the exchange’s performance and growth prospects.

Brokerages also reacted positively. Nuvama raised its target price and recommended buying the stock, while Jefferies increased its target price and suggested holding it, citing BSE’s growing market share and earnings momentum.

Also Read: US soybean prices drop as Brazil boosts supply

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Corporate

WPP unites Ogilvy, VML, AKQA under one banner

British advertising giant WPP is consolidating its three major agencies, Ogilvy, VML, and AKQA, under a single umbrella called WPP Creative. The agencies will retain their distinct brands and client services but operate within a unified framework to simplify offerings and enhance collaboration.

This move, led by CEO Cindy Rose, aims to make WPP’s creative services more integrated and accessible to global clients. It follows earlier restructurings, including unifying WPP’s media and production arms, as the company adapts to rapid changes in advertising, including the growing role of AI technologies.

WPP Creative is expected to be officially announced later in February 2026. Executives believe this alignment will strengthen the company’s competitiveness, streamline operations, and make it easier for clients to leverage the full range of WPP’s creative capabilities.

The consolidation reflects WPP’s ongoing strategy to simplify its network, improve efficiency, and respond to evolving client demands, positioning the group for stronger performance in a fast-changing global market.

Also Read: Trump’s chip tariffs may spare big tech, pressure TSMC

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Trump’s chip tariffs may spare big tech, pressure TSMC

The US government under President Donald Trump is planning a new approach to semiconductor tariffs that could shield major American technology companies from higher costs, while putting greater pressure on global chipmakers, especially Taiwan Semiconductor Manufacturing Company (TSMC).

According to media reports, the proposed plan would exempt Big Tech firms such as Amazon, Google and Microsoft from fresh tariffs on imported chips used in artificial intelligence (AI) data centres. These companies are investing billions of dollars in AI infrastructure, and higher chip prices could slow the expansion of cloud computing and AI services in the US.

The idea behind the carve-out is to protect America’s AI ambitions while still using tariffs as a tool to strengthen domestic manufacturing. Advanced chips are essential for AI systems, and most of these are currently produced outside the US, mainly by TSMC in Taiwan.

At the same time, the tariff strategy is expected to increase pressure on TSMC to speed up its shift of manufacturing to the US. TSMC has already committed around $165 billion to build and expand chip factories in Arizona. Under the proposed framework, tariff relief for US tech firms would be linked to how much chip production TSMC moves to American soil.

In simple terms, the more chips TSMC makes in the US, the more flexibility it may have to help its US customers avoid tariffs. This approach allows Washington to push for local manufacturing without directly harming its own technology giants.

However, the plan is still under discussion and has not yet been formally approved by President Trump. Details on how exemptions would work, how long they would last, and whether smaller tech companies would benefit remain unclear.

Industry experts say the policy reflects a balancing act. The US wants to reduce its dependence on overseas chip supply chains and boost national security, but it also wants to ensure that American tech leaders remain globally competitive in AI.

Also Read: AI safety expert quits Anthropic, warns world at risk

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Belagavi tech company in Karnataka sues Anthropic over name

An Indian software company based in Belagavi, Karnataka, has filed a lawsuit against US-based artificial intelligence company Anthropic, accusing it of using a name that the Indian firm says it has owned and operated under for years.

The company, Anthropic Software Private Limited, was founded in 2017 and provides technology solutions in areas such as education platforms, digital connectivity, and safety systems. It claims that it has been legally using the name “Anthropic” in India well before the US AI startup entered the Indian market.

According to the lawsuit, the Indian firm says the arrival of Anthropic PBC, the American company known globally for developing the AI model Claude, has led to serious confusion among customers, partners, and even government departments. The firm argues that people often assume both companies are linked, which it says has affected its reputation and business operations.

Anthropic Software has approached the Commercial Court in Belagavi seeking legal protection for its brand identity. It has asked the court to recognise its prior use of the name in India and to stop the US company from using “Anthropic” in a way that could mislead customers. The Indian firm is also seeking damages of ₹1 crore for the alleged loss and harm caused by brand dilution.

The company’s founder stated that attempts were made earlier to resolve the issue through the trademark process, but the matter remained unresolved, forcing the firm to take legal action.

The case comes at a time when Anthropic PBC is expanding its footprint in India, including plans to set up offices and hire talent as part of its global growth strategy. The US company is backed by major investors and is considered one of the leading players in the fast-growing AI sector.

The court has issued notices to the US firm and is expected to hear the matter later this month. No interim relief has been granted so far.

Also Read: China’s BYD challenges Trump’s tariffs at US court

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Radiance Renewables raises $100m from Danish, Dutch Funds

Radiance Renewables, an India-based clean energy company, has raised $100 million in fresh equity funding to accelerate its growth in the country’s renewable energy sector. The investment has come from two European development finance institutions, Impact Fund Denmark and FMO, the Dutch entrepreneurial development bank , with both investors contributing around $50 million each.

The funding will be used to expand Radiance Renewables’ portfolio of clean energy projects across India, especially for commercial and industrial (C&I) customers who are increasingly shifting to renewable power to cut costs and reduce carbon emissions. The company focuses on supplying green energy directly to businesses through long-term power purchase agreements.

Radiance Renewables currently operates more than 2 gigawatt-peak (GWp) of renewable energy assets and has a development pipeline of over 1 GWp. With the new capital, the company plans to invest in new solar power plants, hybrid wind-solar projects, and behind-the-meter solutions that allow factories and commercial units to generate power closer to where it is consumed.

A key part of the expansion strategy also includes battery energy storage systems, which help manage power supply during non-solar hours, and investments in inter-state transmission infrastructure to supply clean energy across multiple regions. These steps are aimed at offering reliable, round-the-clock renewable power to large energy consumers.

Company executives said the funding will strengthen Radiance’s financial position and support long-term growth as India moves towards its clean energy and decarbonisation targets. The investment is expected to help the firm scale operations over the next few years and support businesses looking to meet sustainability goals.

Investors highlighted India as a priority market for clean energy due to its strong policy support, rising power demand, and growing focus on sustainability. They also pointed to Radiance Renewables’ execution capabilities, governance standards and partnership with Eversource Capital as key reasons for backing the company.

Also Read: Gujarat signs letter of intent with Starlink for satellite internet

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Sensex gains 300+, Nifty climbs past 25,950

Indian equity markets extended their winning streak on Tuesday, February 10, 2026, with BSE Sensex climbing over 300 points to close near 64,700 and the Nifty 50 holding above 25,950. Positive global cues, renewed foreign investor interest, and broad-based buying across sectors supported the rally.

Top gainers included Reliance Industries (RIL), Axis Bank, Tata Motors, Pfizer, and Tata Steel, which saw strong investor demand. Pfizer surged nearly 9% after posting an 11% rise in its Q3FY26 profit, while Tata Motors advanced on robust sales momentum. Consumer stocks like Marico posted modest gains following strategic expansion moves, including its acquisition of a Vietnamese skincare company for ₹262 crore.

On the downside, Ramco Cements, Marico, and some defensive banking stocks experienced minor declines as traders booked profits in selective names. Ramco Cements, despite reporting a 19% jump in net profit, saw its shares dip marginally.

Sectorally, the auto, financials, and consumer segments led the advance, while broader indices like the Nifty Smallcap rose 0.55%, following a strong 2.65% rally in the previous session. Market breadth remained healthy with more advancing stocks than decliners across the NSE and BSE.

Also Read: Sensex rises 485 Points, Nifty crosses 25,850

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Corporate

Sensex rises 485 Points, Nifty crosses 25,850

The Indian stock market ended sharply higher on Monday, 9 February 2026, as positive global cues and optimism surrounding the India–US trade deal boosted investor sentiment. The BSE Sensex climbed 485 points, while the NSE Nifty 50 crossed 25,850, marking a robust start to the week for Dalal Street.

Market gains were broad-based, led by Titan, UltraTech Cement, and SBI, with strong buying in financial, metal, and realty stocks. Consumer and private banking shares also saw healthy inflows, while FMCG stocks slightly capped the rally. On the other hand, heavyweights like Infosys, HDFC Bank, and Reliance Industries slipped, partially offsetting the upside.

Among notable movers, Kalyan Jewellers surged 10% to hit the upper circuit after posting strong Q3 earnings, with brokerages projecting a potential 80% upside from current levels. Conversely, Power Finance Corporation (PFC) and REC shares fell up to 4% after PFC approved an in-principle merger with REC, in line with government plans to restructure major public sector NBFCs.

Global markets supported domestic sentiment, with S&P 500 futures up 0.1%, Japan’s Topix rising 2.4%, and Hong Kong’s Hang Seng climbing 1.3%. The rupee strengthened 21 paise to 90.44 against the US dollar, while gold prices in major cities remained stable, with 24-carat gold trading around ₹1,25,000 per 8 grams.

Overall, the day reflected investor confidence on trade optimism and strong global trends, with selective profit booking in IT, pharma, and auto sectors.

Also Read: Sensex up 300 points, Nifty near 25,800

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Kalyan Jewellers jumps 10% after strong Q3 results

Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

Also Read: India clarifies $500bn US import figure

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SBI Q3 profit hits record, shares rise 7%

Shares of State Bank of India (SBI) surged nearly 7% on Monday, hitting a record high, after the country’s largest public sector lender posted its highest-ever quarterly profit for Q3 of FY26.

SBI reported a net profit of ₹21,277 crore for the October–December period, up 24.5% year-on-year from ₹17,073 crore in the same quarter last year. Analysts attributed the growth to strong net interest income, improved asset quality, and disciplined risk management.

The bank’s net interest income (NII), which reflects core lending performance, rose by 9% to ₹45,323 crore. Non-interest income, which includes fees and trading gains, also contributed positively, amounting to ₹12,000 crore, marking a healthy year-on-year increase.

SBI’s asset quality improved significantly, with gross non-performing assets (GNPA) declining to 3.12% from 3.35% in the previous quarter. Provisions for bad loans also decreased, allowing the bank to post stronger profitability.

On the loan growth front, SBI reported a 13% increase in advances, with broad-based growth across corporate, retail, and small-business segments. The bank’s management raised its loan growth guidance for FY26 to 13–15%, signaling confidence in sustained credit demand.

The strong results led brokerages including Jefferies, Morgan Stanley, and BofA Securities to upgrade SBI’s stock. Price targets were raised, with some suggesting a potential upside of up to 14% from current levels. Most analysts maintained a “Buy” or “Outperform” rating, citing strong earnings momentum and improved fundamentals.

Investors responded positively to the earnings announcement, driving the stock to its all-time high of ₹1,145 per share during the trading session.

Also Read: FPIs return, pump ₹8,100 cr into Indian stocks

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FPIs return, pump ₹8,100 cr into Indian stocks

Foreign portfolio investors (FPIs) have returned to the Indian stock market as net buyers, pumping over ₹8,100 crore into equities in early February. This marks the first major inflow after three consecutive months of heavy selling, reflecting renewed optimism following a landmark India‑US trade deal and improving global risk sentiment.

Data from depositories shows FPIs invested around ₹8,129 crore up to 6 February. This is a sharp turnaround from the outflows seen over the past months, where investors withdrew ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November. The selling spree had been driven by global uncertainties, currency volatility, and fears of trade restrictions, which dampened foreign investor confidence.

Analysts say the recent inflows are largely motivated by the interim India‑US trade agreement, which eased geopolitical concerns and boosted expectations for stronger export growth and corporate earnings. “The trade deal has removed some of the uncertainty around bilateral trade, encouraging FPIs to return to Indian equities,” noted a market strategist.

Apart from the trade deal, stabilising domestic and global conditions, a stronger rupee, and lower market volatility have contributed to improved investor sentiment. Positive policy measures and clearer regulatory frameworks have further reassured foreign investors about India’s growth trajectory.

Despite the encouraging inflows, experts caution that this may not signal a long-term reversal yet. “While early February’s data is positive, sustained foreign investment will depend on macroeconomic stability, corporate performance, and the broader global trade environment,” said an economist.

The return of FPIs is seen as a welcome support for the Indian stock market, which had been under pressure from prolonged foreign selling.

Also Read: India pledges $175 mn economic support for Seychelles