A day after the Reserve Bank of India (RBI) strongly defended its action against Paytm Payments Bank Ltd (PPBL) citing repeated non-compliance, the Board of One 97 Communications (OCL) on February 9 announced the creation of a high profile panel that consists of former regulators and banking industry veterans. The panel will advise the embattled PPBL on compliance and regulation.

The Reserve Bank of India (RBI) on February 9 said it has cancelled the certificate of registration of three non-banking finance companies (NBFC). These three NBFCs are Bharathu Investment & Finance India, Cox & Kings Financial Service, and PSPR Enterprises Pvt Ltd. In a separate notification, RBI said nine NBFCs and one housing finance company surrendered their licence.

Hindustan Unilever's CEO, Rohit Jawa, believes that India's tech stack has transformed the country and digitisation has democratized it, boosting growth. He sees a future where technology will continue to drive innovation and efficiency in all industries. The company has utilized data analytics and algorithms to create tailored products, increasing customer satisfaction and brand loyalty.

Bandhan Bank, a private sector bank based in Kolkata, reported a significant increase in net profit to Rs 733 crore for the third quarter of FY2023. The bank's interest income and net interest income also improved, while gross NPAs decreased. However, provisions and contingencies saw a decrease and the capital adequacy ratio declined.

The RBI has increased the remuneration limit for Non-Executive Directors of banks to Rs 30 lakh per annum. However, private sector banks must obtain regulatory approval before determining the remuneration for part-time Chairmen. The ceiling was previously set at Rs 20 lakh per annum and may be further lowered based on factors like bank size and NED experience.

Hindustan Unilever's CEO Rohit Jawa discussed the company's success in homecare, with a focus on customer convenience and product quality. He highlighted the popularity of fabric conditioners, even in rural areas. The company aims to replicate this success in beauty care and packaged foods, diversify its portfolio, and establish itself as a market leader in multiple categories.

Anil Agarwal's Vedanta Resources has successfully extended the maturity of $3.2 bn in bonds to 2029, with repayment completed on February 7, 2024. The company received a $1.2 billion loan from private credit funds to partly repay these bonds, and also secured a $1.25 billion refinancing and new credit facility. This will help spread out debt maturities, as part of the Vedanta Group's demerger.

The government announces that the third edition of India Energy Week 2025 will be held in New Delhi from Feb 11-14. The second edition, held in Goa, was attended by energy ministers and leaders from major companies. PM Modi announced a large allocation for the energy sector in the Interim Budget. A deal was signed with Qatar for LNG supplies and agreements were made to set up CBG plants.

Paytm's UPI transactions may be at risk after February 29 due to regulatory concerns from RBI. The app's current PSP bank, PPBL, may not be able to continue its services for UPI transactions. Paytm is working with the regulator to address this issue and may need to migrate to a new PSP bank, but this could lead to inconveniences for customers and merchants.

Vedanta Ltd, a mining conglomerate, has successfully completed repayments to bondholders after receiving their consent to delay three bond series. The company's net debt stands at Rs 62,493 crore, and it recently restructured debt maturing in 2024 and 2025. It is raised $1.3 billion through loans and plans to use dividends, royalties, and proceeds from non-core asset sales to repay lenders.

The Rashi Peripherals IPO was highly sought-after by all types of investors, with the subscription being almost 60 times the size of the IPO. Qualified institutional buyers and high net worth individuals showed the most interest, while the retail investor portion was also oversubscribed. The company plans to use the funds raised for debt repayment and other corporate expenses.

Wall Street set for further gains, dollar strengthens. Market watches U.S. inflation data and Middle East events. Global stocks slightly up, buoyed by Wall Street's record highs. Investors rethinking last year's narrative on economy. Eurozone bond yields hit multi-week highs. Japan shares at 34-year high, yen weakens. Chinese markets closed. Nissan shares plummet after poor sales in China.

Bajaj Finance sold 0.88% stake in Strides Pharma Science for Rs 57.37 crore while Amansa Holding Private Ltd acquired 1.24% stake for Rs 81.30 crore. Societe Generale bought 2,58,071 shares of Apollo Pipes for Rs 19.77 crore. Infinity Asset Advisors sold 0.98% stake in Andhra Paper for Rs 20.83 crore. Shares of Strides Pharma Science fell 2%.

Realty firm Omaxe Ltd reported a loss of Rs 71.77 crore in Q3, lower than the loss of Rs 109.11 crore in the same quarter last year. Total income rose to Rs 601.90 crore and total expenses increased to Rs 683.66 crore. Mohit Goel has been re-appointed as Managing Director for five years. The company is prominent in Delhi-NCR, Punjab, Haryana and Uttar Pradesh real estate markets.

The benchmark S&P 500 opened firmly above the 5,000 mark on Friday after data pointed to minimal revisions in last year's inflation figures, supporting expectations that the U.S. Federal Reserve will cut interest rates this year. The Dow Jones Industrial Average rose 5.64 points, or 0.01%, at the open to 38,731.97. The S&P 500 opened higher by 6.26 points, or 0.13%, at 5,004.17.