Jeff Bezos sold 12 million shares of Amazon, worth $2 billion, this week. He may sell up to 50 million shares over the next year, taking advantage of the company's soaring stock prices and bringing his net worth to nearly $200 billion. He has sold over $30 billion in shares since 2002, mostly through gifting.

US natural gas prices have fallen by 24% this year due to a combination of factors, including short selling, decreased buying interest, and expectations of increased output. This decline has been ongoing since last year, influenced by supply and demand dynamics and adverse weather conditions. However, there is potential for market volatility this year due to geopolitical risks and concerns.

Bandhan Bank may see outflows while Canara Bank is expected to gain inflows worth $73 million as a result of the Nifty Bank index rejig, which will take place in March. Canara Bank's stock split and strong performance could help maintain its position in the index, while Shriram Finance and UPL are likely to be replaced in the Nifty 50 index. Other banking giants HDFC Bank and ICICI Bank.

British homebuilder Bellway Plc has seen improved booking rates in recent weeks due to cuts in home-loan rates, but remains cautious about future risks to customer demand and cost inflation. The housing market has shown signs of recovery, with increased mortgage approvals and rising house prices. Bellway is confident in its plans to open 40 new sites in the second half of the year.

State-owned Oil India Limited (OIL) plans to increase its exploration efforts in the next fiscal year by drilling 60 wells. These wells will be located in different assets across India, and this expansion is expected to be funded by a capital expenditure of Rs 14,000 - Rs 15,000 crore. OIL is also focused. But, in the overall sense of the company and cash flow movement, it will not affect us.

Divi's Laboratories, a pharma major, reported a 17% increase in net profit and 8.6% increase in revenue for the October-December quarter compared to last year. However, their operational performance was weak with an EBITDA of Rs 479 crore, up 19.6% from last year. The EBITDA margin also increased to 26.4%.

Owens Corning will acquire door maker Masonite International for $3.9 billion in an all-cash deal, offering a 38% premium on Masonite's last closing price. The acquisition will enhance Owens' home-building portfolio and expand its reach with Masonite's 64 manufacturing and distribution facilities across North America. Masonite will operate as a reportable segment under Owens.

The Karnataka SLSWCC approved 128 projects worth Rs 6,407.82 crore and expected to create 33,771 jobs. 22 projects with investment over Rs 50 crore and 104 new projects with a capital of Rs 15-50 crore were cleared. Two proposals for existing projects and investments in other districts were also approved, bringing the total investment amount to around Rs 8,364 crore.

The next tranche of Sovereign Gold Bonds will be open for subscription from February 12-16 at Rs 6,263 per gram. Investors applying online and paying digitally will get a discount of Rs 50 per gram with an issue price of Rs 6,213. These bonds can be used as collateral for loans and follow the same KYC norms as physical gold. The scheme aims to reduce demand for physical gold and encourage.

Chhattisgarh's finance minister Choudhary presented a budget of ₹1,47,446 crore for 2024-25. The budget aims to achieve the goal of making India a $5 trillion economy and a developed nation by 2047. The budget focuses on inclusive development, infrastructure growth, and employment generation. The state government also plans to double the state GDP in five years and has increased the agriculture.

The next tranche of SGB, Series IV, will be open for subscription from Feb 12-16 at Rs 6,263 per gram. Online investors paying through digital mode can get a discount of Rs 50 per gram. The bonds will be sold through designated channels and the price is based on the closing price of gold. Investors will receive a fixed interest rate of 2.50% per annum and can use the bonds as collateral for loans.

Nifty on Friday ended 65 points higher and found support at 20-DMA to form a small body-positive candle with minor lower shadow on the chart to signal buying at lower levels. Overall uptrend status of Nifty remains intact and there's a possibility of further upside towards 22,000 levels in near term. Any dips down to 21,600-21,500 levels could be a buying opportunity, said Nagaraj S. of HDFC Sec.

In the fourth quarter, PepsiCo's profit increased due to lower charges, but revenue dropped slightly. The company plans to raise its dividend by 7% and buy back $1 billion in stocks. Despite beating analysts' expectations, revenue decreased and there has been pushback over high prices. However, the company expects prices to align with inflation in the future.

The Board of Directors of Rane (Madras) Limited (RML), Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL), at their respective meetings on February 9, have approved the proposed reorganisation through a merger of RBL and REVL into RML. The merger significantly simplifies the group structure by consolidating listed operating companies and aligns public shareholders’ interest.

Chennai-headquartered tyre company MRF Ltd reported a consolidated profit after tax of Rs 509.71 crore in the October-December quarter of 2023, a significant increase from the same quarter last year. The company's total income also saw a rise, leading to a declaration of a second interim dividend for the financial year ending March 31, 2024.