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Dabur’s Q3 consolidated profit rose 1.8% YoY to Rs 515.82 crore, with revenue growing 3% YoY to Rs 3,355.25 crore. The company’s rural distribution network expanded significantly, leading to higher growth in rural areas. Brokerage firms Morgan Stanley and JP Morgan have maintained cautious views, citing inflation and challenges in the Healthcare and Beverage segments.

Last year, Sebi came out with rules which mandated that any person providing advice directly or indirectly on securities has to first register with it.

Cremica Foods is among at least half a dozen companies in the consumer space that have either filed for a stock market listing or are in the process of finalising plans for doing so. They include premium alcohol importer Monika Alcobev, Wai Wai noodle maker CG Foods, B9 Beverages, Wow! Momo and Ganesh Consumer.

Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today.

A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain closed for the Lunar New Year holiday. SK Hynix Inc. and Samsung Electronics Co. fell, weighing on Korea’s Kospi.

The Insurance Regulatory and Development Authority of India (Irdai) has mandated that insurers cannot increase health insurance premiums for senior citizens by more than 10% annually. This directive aims to address the steep premium hikes observed in certain health insurance products for those aged 60 and above.

Bankers and brokers said a chunk of these shares could flood the market as various investors would look to book profits with the stock market precariously perched.

The inflows which had peaked at over ₹22,000 crore in August have tapered due to escalating US yields and a depreciating rupee making Indian government bonds less attractive to foreign portfolio investors, fixed income experts said.

The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed by corporate guarantees from Equinox India, Sion Developers, Citra Properties and RGE Constructions.

Non-interest income increased 34% year-on-year to ₹3,769 crore largely due to a doubling of treasury income and a tax refund during the quarter. Treasury income doubled to ₹936 crore from ₹410 crore a year ago as the bank made trading gains in the last quarter. The bank also accounted for ₹369 crore of income tax refund.