Today’s top morning headlines - 6th February 2024

Good afternoon

Markets are trading in the green, with the NIFTY50 trading above 21,850 as of 12:45 pm. Here are the top stories for the day!

Top gainer: HDFC Life: 585 ▲ 22 (+3.9%)
Top loser: Power Grid: 274 ▼ 8.8 (-3.1%)

:star:HDFC Bank gets RBI nod to buy stake IndusInd Bank and Yes Bank
Indian private lenders IndusInd Bank and Yes Bank said on Monday that HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in the two banks.

:star:Paytm stock turns positive after three-day rout
Paytm shares rose on Tuesday, reversing a three-day rout triggered by a regulatory order to halt business at its banking unit that had cost shareholders around $2.5 billion.

:star:SP Apparels gains after the new acquisition
Shares of the apparel manufacturer and exporter rose 7.6% intraday after the company signed an agreement to acquire 100% stake of Young Brand Apparel, which is a subsidiary of Bannari Amman Spinning Mills for ₹223 crore.

:star:Triveni Turbine gains 17% after robust Q3 results
Shares of Triveni Turbine, which manufacture and supply of power generating equipment and solutions rose more than 17% intraday after announcing robust Q3 results. The company reported a double digit rise of 29.7% YoY in its net profit to ₹68.2 crore for the quarter ending 31 December 2023. Meanwhile, its revenue grew 32.5% to ₹431.7 crore.