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Shares of Adani Group companies surged as President Trump signed an order pausing the Foreign Corrupt Practices Act prosecutions. This move potentially benefits the Adani Group amidst allegations of a $265 million bribery scheme. Investor sentiment also improved with positive developments in Bangladesh and a new healthcare venture, Adani Health City, in partnership with Mayo Clinic.

Hexaware Technologies IPO GMP stands at 1%, signaling a flat listing. The Rs 8,750-crore IPO is a pure OFS by Carlyle, reducing its stake to 74.1%. Hexaware s revenue grew 12.8% in 2023. The IPO opens on February 12, with listing expected on February 19. Investors eye demand amid market sentiment.

S Naren, CIO at ICICI Prudential AMC, advises focusing on bank fixed deposits, debt mutual funds, and office spaces due to their underperformance over the past five years. He emphasizes the importance of investing in undervalued asset classes and maintaining a strategic asset allocation, especially in a market where valuations are high.

Shares of Zaggle Prepaid Ocean Services dropped 10% after its Q3 earnings report, despite a 29.6% YoY rise in profit to Rs 19.7 crore. The company’s revenue surged 68.8% YoY, but expenses rose sharply. Zaggle also announced a stake acquisition in Mobileware and a restructuring move with **

Nykaa plans to expand to 350 stores while emphasizing its e-commerce business, which currently drives 91% of omnichannel turnover. Despite a minor dip in profits, there has been a significant improvement in EBITDA. Nykaa continues its international expansion in GCC and aims to enhance its fashion and beauty segments.

Varun Beverages share price: Varun Beverages, PepsiCo’s bottling partner, reported a healthy 38.3% increase in net revenues, reaching Rs 3,688.79 crore after accounting for excise duty. Meanwhile, revenue from operations saw a notable 39.8% year-over-year growth, rising to Rs 3,817.61 crore from Rs 2,730.98 crore in the same period last year.

Eleganz Interiors IPO: The retail portion of the issue was subscribed 12.39 times, while the non-institutional investors category was subscribed 7.97 times on the final day of bidding. Meanwhile, the qualified institutional buyers subscribed to 2.46 times the allotted portion.

WazirX completed its asset rebalancing post a $230 million security breach and seeks user approval for a distribution scheme covering 85% of investor balances. Token redistribution will begin within 10 business days. Partnering with zeroShadow, WazirX has recovered $3 million. Future distributions will span three years, supported by asset recovery and operational profits.

India s central bank aggressively sold between $4 billion and $7 billion to support the rupee, which faced record lows due to portfolio outflows and US trade tariff uncertainties. The Reserve Bank of India intervened heavily before markets opened, a departure from its previous steady pace in managing the currency.