Top stories | First rate cut in 5 years, markets gain for 2nd week, M&M meets Street in Q3, and more
?? Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 PM.
RBI Governor Sanjay Malhotra delivered a 25 bps rate cut in his debut policy, marking the first reduction in 5 years. The central bank maintained its FY25 inflation forecast at 4.8% but lowered growth projections for the first two quarters of the next financial year.
Meanwhile, the Supreme Court has extended the timeline for the Burman family’s open offer for Religare Enterprises, directing a US investor to deposit ?600 crore by February 12.
On Dalal Street, markets ended the week with minor gains, though FMCG stocks were the biggest laggards. Mahindra & Mahindra reported a strong Q3 performance, with SUV volumes rising 20% and net profit surging 21%. Britannia, on the other hand, plans a capex break in FY26, capping investments at ?200 crore.
In the regulatory space, SEBI has cracked down on stock market influencer Asmita Patel, impounding over ?50 crore, while Infosys has denied reports of ‘forceful terminations’ amid layoffs.
From key policy moves to corporate earnings and market trends, read on for the day’s biggest developments.
RBI MPC meeting 2025: Governor Sanjay Malhotra delivers a 25 bps cut in his debut policy
Reserve Bank of India Governor Sanjay Malhotra delivered a rate cut of 25 basis points in his first policy after taking the helm at India's central bank.
This is the first instance after 12 policies that the repo rate has been cut by the RBI Monetary Policy Committee. The repo rate now stands at 6.25% from 6.5% earlier.
The Standard Deposit Facility and the Marginal Standing Facility have both been adjusted by 25 basis points each.
The Reserve Bank of India (RBI) has projected GDP growth at 6.7% for the financial year ending March 2026. supported by improving prospects for the rabi crop and a likely recovery in manufacturing. However, the monetary policy cut the growth forecast for the first two quarters of the next financial year.
The Reserve Bank of India (RBI) has projected GDP growth at 6.7% for the financial year ending March 2026. supported by improving prospects for the rabi crop and a likely recovery in manufacturing. However, the monetary policy cut the growth forecast for the first two quarters of the next financial year.
RBI defers liquidity coverage ratio implementation until March 2026
The Reserve Bank of India (RBI) has decided to defer the implementation of the revised Liquidity Coverage Ratio (LCR) norms, ensuring banks have sufficient time to comply without facing liquidity disruptions.
While making the monetary policy committee (MPC) announcements, RBI Governor Sanjay Malhotra announced that the new norms will not be implemented by March-end FY26.
M&M Q3 Results: SUV volumes up 20%; Auto, Farm business deliver strong growth
Automobile and tractor manufacturer Mahindra And Mahindra Ltd. (M&M) declared its earnings report for the third quarter of this financial year on Friday, February 7. M&M's net profit surged by 21% to ?2,964 crore, compared to ?2,454 crore in the corresponding period of last year.
Revenue for the quarter increased by 19.6% to ?30,538 crore, which is almost in-line with CNBC-TV18's poll expectations of ?30,581 crore.
D-St Posts Minor Gains This Week, FMCG Falls The Most
Sensex and Nifty post minor gains for the second straight week. FMCG is top losing index tracking earnings by sectoral heavyweights.
Battle for Religare: SC tells US investor to deposit ?600 cr by Feb 12, keeps Burman offer open
The Supreme Court (SC) has directed that the open offer by the Burman family for Religare Enterprises will not close as scheduled today.
The offer will remain open until February 12, the deadline for Florida-based investor? Digvijay Gaekwad to deposit ?600 crore as earnest money.
The court has further ruled that if Gaekwad deposits the required amount by the deadline, the Burman open offer will remain open until SEBI decides on Gaekwad’s application for a counter offer.
领英推荐
Stock market influencer Asmita Patel in the dock: SEBI impounds over ?50 crore
The Securities and Exchange Board of India (SEBI) has impounded ?53.67 crore Global School of Trading, the organisation run by stock market influencers. The regulator has also asked the entities to show cause why another ?104.6 crore collected as fees for various programmes should not be seized as well.
Patel has over 520,000 subscribers on YouTube. The penalty follows an investigation into allegations of illegal investment advisory services, disguised as training programs. The investigation was launched after complaints from 42 students.
Delhi Election Results 2025: Date, time, where and how to watch
The voting for the single-phase Delhi Assembly Elections concluded on February 5. All eyes are now on the results scheduled for February 8 (Saturday). A majority of the exit polls, which came in after voting concluded, have predicted a landslide victory for the Bharatiya Janata Party (BJP), while the Aam Aadmi Party (AAP) is eyeing a third straight term in the 70-member Assembly.
Meanwhile, the Congress, which could not open its account in the last two elections, is hoping for a better result this time.
All we know about the Indian shipping company blacklisted for helping route Iran crude oil to China
The Donald Trump administration in the US has imposed sanctions on a global network transporting crude oil from Iran to China, in a bid to cut off financial resources that allegedly support Iran's military aspirations, including Tehran's nuclear weapons programme, and its proxies in the region. Among those blacklisted is an Indian company, Marshal Ship Management, and its director Ryan Xavier Aranha.
Founded in 2019, with an authorised capital of ?37.8 crore, the Mumbai-based Marshal Ship Management recruits and trains seafarers and provides administrative support. It has three other offices, one each in Chennai (India), Dubai (United Arab Emirates), and Manila (Philippines).
Infosys Layoffs | Company says no one was 'forcefully terminated'
Infosys has responded to media reports suggesting that the IT major has terminated 400 trainees at its Mysuru campus after multiple performance evaluations. Some reports indicated that the company posted security personnel and bouncers and "forcefully terminated" the employees.
The company has issued a statement clarifying that the number of employees laid off is just over 300 — and not 400, as reported — and denied claims that any staffer was forcefully terminated.
Britannia to take capex break in FY26: Here's why
Biscuit maker Britannia Industries will be taking a capex break for the coming fiscal and is likely to spend just about ?150-200 crore. Speaking during the post-analyst call, the company stated that it has three new manufacturing plants and so will keep capex as low as possible.
“So ?150 crore to ?200 crore is what we'll keep it at unless there is a volume increase. I don't think we need capex because we've got three new plants with new lines and capacity and headspace and all of that,” Varun Berry, Vice Chairman and MD, Britannia told analysts.
That’s all folks! Keep yourself up to date with the latest news, views and ideas to make money only on cnbctv18.com.?
Beyond #Newsroom
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go!- CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market- Real-time market updates
We'll see you tomorrow with another engaging 'Top 10@10.'
Global Realty Consultant | MahaRERA Certified Real Estate Agent
3 周#axisbankworkplaceharrassment #axisbankfrauds https://www.fintaxinvestments.com https://www.globalptopertymumbai.com