Company Performance - United Spirits reported a 25% increase in its December quarter consolidated net profit at Rs 418 crore compared to Rs 335 crore in the same period last year [3] - Tata Motors experienced a 56% jump in its December quarter consolidated net profit at Rs 188 crore versus Rs 121 crore a year ago, with a 13% growth in consolidated revenue from operations at Rs 402 crore [4] - AU Small Finance Bank reported a 26% increase in its December quarter net profit at Rs 668 crore compared to Rs 528 crore in the previous year, with a 16% growth in net interest income (NII) at Rs 2,341 crore [7] - Shoppers Stop posted a 69% drop in quarterly profit, reporting a consolidated net profit of Rs 16.1 crore for the third quarter, down from Rs 52.2 crore a year ago [8] Mergers and Acquisitions - Emirates NBD Bank received approval from the CCI to acquire a majority stake in RBL Bank, enhancing its presence in the Indian banking sector [5] - Inspira Global will acquire a controlling stake in Restaurant Brands Asia for around Rs 460 crore, with plans to invest an additional Rs 900 crore through a preferential allotment and Rs 600 crore through warrants [6] Market Trends - The overall market showed weakness with broad-based selling and weak global cues, leading analysts to note that the Nifty has approached a crucial support zone [9][10] - Performance in the banking and IT sectors is highlighted as critical for any potential market recovery [1][10]
Stocks in news: Eternal, Tata Motors, Restaurant Brands Asia, AU Small Finance Bank, RBL Bank
The Economic Times·2026-01-21 00:54