Our specially curated package of the big stories to help you stay at the top of your game. Government notifies direct listing of stocks at GIFT City's exchanges The government, on January 24, notified the direct listing of shares of Indian companies at GIFT City's exchanges. As per a notification from the finance ministry, the eligible exchanges are India International Exchange and NSE International Exchange. More here Bajaj Auto Q3 FY 24 net profit up by 37% YoY at Rs 2,042 crore Bajaj Auto Ltd reported a 37 percent year-on-year (YoY) increase in net profit for the third quarter of FY24 at Rs 2,041.88 crore driven by robust sales of its two-wheelers, price hikes and higher realisations amid consistent demand. Its PAT during the corresponding period last year stood at Rs 1,491.42 crore. Zee's failed merger with Sony leaves MFs, insurers poorer by Rs 3,130 crore Mutual Funds and insurance companies collectively lost around Rs 3,130 crore in wealth on January 23 as Zee Entertainment Enterprises Ltd plunged over 32 percent after its $10-billion merger deal with Sony Pictures Networks India fell through. Tech Mahindra Q3 results: Net profit drops 60.6% YoY to Rs 510 crore IT services major Tech Mahindra reported a 60.6 percent fall in net profit to Rs 510 crore year-on-year for the third quarter ended December 31, in a seasonally weak quarter as slowdown in demand continues in key verticals including hi-tech, telecom and financial services. INDIA bloc tries damage control as Mamata says no alliance with Congress in Bengal for 2024 While Trinamool supremo Mamata Banerjee announced she would go solo in the upcoming Lok Sabha polls in West Bengal, the Congress on January 24 said an Opposition alliance without the West Bengal Chief Minister “cannot be imagined”. OMCs' improved marketing margins may see downward revision of fuel prices: ICRA Indian oil marketing companies (OMCs) are riding high on improved margins from the retail sales of auto fuels due to a significant drop in crude oil prices, according to rating agency ICRA, which expects a revision of fuel prices if crude prices remain stable. Source - Money Control