Nexus Select Trust raises ₹700 crore in 10-year retail REIT sustainability bond

by Hansraj Agrawal | Feb 4, 2026 | Business

Nexus Select Trust, India’s first listed retail REIT, has raised ₹700 crore through a 10-year sustainability-linked bond anchored by the International Finance Corporation, the trust announced Wednesday. The deal marks IFC’s first investment in an Indian retail REIT and the first 10-year sustainability-linked bond in the country’s retail REIT sector.

IFC, a World Bank Group member, invested ₹250 crore as anchor investor in the bond issuance, which includes a floating rate tranche of ₹200 crore benchmarked to the 3-month MIBOR OIS. The proceeds will primarily refinance existing debt, generating annual savings of approximately 90 basis points or ₹6 crore.

The bond structure ties financing costs to performance-based sustainability targets. Nexus Select Trust has committed to achieving net zero emissions by 2030 and obtaining EDGE green building certification from IFC for new acquisitions. Trilegal served as transaction counsel for the deal.

Rajesh Deo, Chief Financial Officer of Nexus Select Trust, said the issuance aligns the trust’s capital-raising strategy with its sustainability roadmap. Imad N Fakhoury, IFC’s Regional Division Director for South Asia, stated the investment supports energy efficiency across Nexus’s portfolio and demonstrates how innovative financing can create value in existing assets.

Nexus Select Trust operates 19 retail properties across 15 Indian cities with 10.7 million square feet of leasable area, along with three hotel assets and three office properties.

Published on February 4, 2026

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Crude oil futures rise as US shoots down an Iranian drone

by Hansraj Agrawal | Feb 4, 2026 | Business

Crude oil futures traded higher on Wednesday morning as tensions re-emerged between the US and Iran after the US shot down an Iranian drone near an aircraft carrier in the Arabian Sea.

At 9.57 am on Wednesday, April Brent oil futures were at $67.84, up by 0.76 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $63.79, up by 0.92 per cent.

February crude oil futures were trading at ₹5781 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹5709, up by 1.26 per cent, and March futures were trading at ₹5773 against the previous close of ₹5696, up by 1.35 per cent.

In their Commodities Feed for Wednesday, Warren Patterson, Head of Commodities Strategy of ING Think, and Ewa Manthey, Commodities Strategist, said oil prices are trading firmer on Wednesday morning, after settling 1.55 per cent higher on Tuesday.

Tensions between the US and Iran have re-emerged after the US shot down an Iranian drone flying near a US aircraft carrier.

In addition, Iran’s Islamic Revolutionary Guard Corps threatened to seize a US-flagged tanker in the Strait of Hormuz.

Despite these incidents, US President Donald Trump said negotiations are ongoing. The White House also said that the US-Iran talks are still scheduled for Friday. Uncertainty about how these talks will play out means the market will likely continue to price in some risk premium, they said.

It is also worth monitoring developments in Iraq amid growing disagreement between the White House and the Iraqi government.

Politicians in Iraq want to appoint Nouri Al-Malaki as the next prime minister. The US administration feels Al-Malaki is too closely aligned with Iran, which has Trump threatening diplomatic and economic consequences, they said.

Meanwhile, an industry data showed a huge decline in crude oil inventories in the US for the week ending January 30. According to the industry body American Petroleum Institute (API), US crude oil inventories declined by 11.1 million barrels for the week ending January 30.

ING Thinks’ Warren Patterson and Ewa Manthey said, gasoline inventories increased by 4.7 million barrels, while distillate fuel oil stocks fell by 4.8 million barrels. This reflects the impact of a recent winter storm hitting large parts of the US. It affected energy infrastructure and boosted heating demand, they said.

Official data from the US EIA (Energy Information Administration) is expected later on Wednesday.

February natural gas futures were trading at ₹301.90 on MCX during the initial hour of trading on Wednesday against the previous close of ₹301.60, up by 0.10 per cent.

On the National Commodities and Derivatives Exchange (NCDEX), February guargum contracts were trading at ₹10400 in the initial hour of trading on Wednesday against the previous close of ₹10359, up by 0.40 per cent.

April dhaniya futures were trading at ₹11780 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹11834, down by 0.46 per cent.

Published on February 4, 2026

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Q3 Results 04th Feb Live: Bajaj Finserv, Trent, Bajaj Holdings, Tata Power, Apollo Tyres, Hexaware, Cummins India, Tube Investments, Kalpataru Projects, Emcure Pharma to announce Q3 results, Adani Ports, Adani Enterprises, Bajaj Finance, MobiKwik, BCCL, Solar, Ather shares in focus

by Hansraj Agrawal | Feb 4, 2026 | Business

Business people using pen,tablet,notebook are planning a marketing plan to improve the quality of their sales in the future. istock photo for BL
| Photo Credit:
Jirapong Manustrong

3 Results Today, 04th Feb 2026 Live Updates: Find all the latest Q3 results 2026 updates of Bajaj Finserv, Trent, Bajaj Holdings & Investment, The Tata Power Company and more.

February 4, 2026 09:28

CUB Q3 RESULTS LIVE

City Union Bank Ltd. | CMP Rs. 285 | M Cap Rs. 21150 Cr | 52 W H/L 305/143

(Nirmal Bang Retail Research)

Result is ahead of expectations

Advances came at Rs. 60892 Cr (+21% YoY, +7.4% QoQ)

Net Interest Income came at Rs. 752 Cr (28% YoY), YoY Rs. 588 Cr, QoQ Rs. 667 Cr

NIM came at 3.89% vs QoQ 3.63%

Non-Interest Income came at Rs. 245.3 Cr vs YoY Rs. 228.4 Cr, QoQ Rs. 259.1 Cr

PBP came at Rs. 513 Cr (17.7% YoY) vs expectation of Rs. 485 Cr, YoY Rs. 436 Cr, QoQ Rs. 471 Cr

Provisions came at Rs. 96 Cr vs expectation of Rs. 60 Cr, YoY Rs. 75 Cr, QoQ Rs. 57 Cr

Credit Cost came at 0.6% vs YoY 0.6%, QoQ 0.4%

Adj. PAT came at Rs. 332 Cr (16.1% YoY) vs expectation of Rs. 322 Cr, YoY Rs. 286 Cr, QoQ Rs. 329 Cr
February 4, 2026 09:28

Indus Towers Q3 results live

Indus Towers Ltd. | CMP Rs. 432 | M Cap Rs. 113969 Cr | 52 W H/L 455/313

(Nirmal Bang Retail Research)

Result is marginally above expectations

Revenue from Operations came at Rs. 8146.3 Cr (-0.5% QoQ, 7.9% YoY) vs expectation of Rs. 8248.6 Cr, QoQ Rs. 8188.2 Cr, YoY Rs. 7547.4 Cr

EBIDTA came at Rs. 4459.5 Cr (1.9% QoQ, 13.4% YoY) vs expectation of Rs. 4343.8 Cr, QoQ Rs. 4376.9 Cr, YoY Rs. 3934 Cr

EBITDA Margin came at 54.7% vs expectation of 52.7%, QoQ 53.5%, YoY 52.1%

Adj. PAT came at Rs. 1783 Cr vs expectation of Rs. 1745.6 Cr, QoQ Rs. 1839.3 Cr, YoY Rs. 4003.2 Cr

Quarter EPS is Rs. 6.8

Stock is trading at P/E of 14.8x FY27E EPS
February 4, 2026 09:28

VBL Q4 results live

Varun Beverages Ltd. | CMP Rs. 481 | M Cap Rs. 171230 Cr | 52 W H/L 593/419

(Nirmal Bang Retail Research)

Result below Expectation

Revenue from Operations came at Rs. 4204.4 Cr (-14.1% QoQ, 14% YoY) vs expectation of Rs. 4326.9 Cr, QoQ Rs. 4896.7 Cr, YoY Rs. 3688.8 Cr

EBIDTA came at Rs. 639 Cr (-44.3% QoQ, 10.2% YoY) vs expectation of Rs. 742.2 Cr, QoQ Rs. 1147.4 Cr, YoY Rs. 580 Cr

EBITDA Margin came at 15.2% vs expectation of 17.2%, QoQ 23.4%, YoY 15.7%

Adj. PAT came at Rs. 251.8 Cr vs expectation of Rs. 319.6 Cr, QoQ Rs. 741.2 Cr, YoY Rs. 185.1 Cr

Quarter EPS is Rs. 0.7

Stock is trading at P/E of 41.4x FY27E EPS
February 4, 2026 09:27

HFCL Q3 results live:

HFCL Ltd. | CMP Rs. 69 | M Cap Rs. 10561 Cr | 52 W H/L 107/61

(Nirmal Bang Retail Research)

Result has improved

Revenue from Operations came at Rs. 1210.8 Cr (16% QoQ, 19.6% YoY) vs QoQ Rs. 1043.3 Cr, YoY Rs. 1012 Cr

EBIDTA came at Rs. 228.1 Cr (19.8% QoQ, 50.2% YoY) vs QoQ Rs. 190.3 Cr, YoY Rs. 151.9 Cr

EBITDA Margin came at 18.8% vs QoQ 18.2%, YoY 15%

Adj. PAT came at Rs. 97.6 Cr vs QoQ Rs. 67.9 Cr, YoY Rs. 73.6 Cr

Quarter EPS is Rs. 0.6

Stock is trading at P/E of 203.9x TTM EPS
February 4, 2026 09:27

Adani Ports Q3 results live

Adani Ports and Special Economic Zone Ltd. | CMP Rs. 1517 | M Cap Rs. 327693 Cr | 52 W H/L 1549/1011

(Nirmal Bang Retail Research)

Result inline with Expectation

Revenue from Operations came at Rs. 9704.6 Cr (5.9% QoQ, 21.9% YoY) vs expectation of Rs. 9444.4 Cr, QoQ Rs. 9167.5 Cr, YoY Rs. 7963.6 Cr

EBIDTA came at Rs. 5785.9 Cr (4.2% QoQ, 20.5% YoY) vs expectation of Rs. 5634.8 Cr, QoQ Rs. 5550.3 Cr, YoY Rs. 4802.1 Cr

EBITDA Margin came at 59.6% vs expectation of 59.7%, QoQ 60.5%, YoY 60.3%

Adj. PAT came at Rs. 3199.7 Cr vs expectation of Rs. 3323.7 Cr, QoQ Rs. 3109.1 Cr, YoY Rs. 2548.1 Cr

Quarter EPS is Rs. 14.8

Stock is trading at P/E of 21.7x FY27E EPS
February 4, 2026 09:27

Aether Industries Q3 results live:

Aether Industries Ltd. | CMP Rs. 1046 | M Cap Rs. 13869 Cr | 52 W H/L 1086/723

(Nirmal Bang Retail Research)

Result is above expectations

Revenue from Operations came at Rs. 317.1 Cr (15.3% QoQ, 44.4% YoY) vs expectation of Rs. 288.4 Cr, QoQ Rs. 275.1 Cr, YoY Rs. 219.7 Cr

EBIDTA came at Rs. 110.6 Cr (25.7% QoQ, 70.9% YoY) vs expectation of Rs. 90.5 Cr, QoQ Rs. 88 Cr, YoY Rs. 64.7 Cr

EBITDA Margin came at 34.9% vs expectation of 31.4%, QoQ 32%, YoY 29.5%

Adj. PAT came at Rs. 66.8 Cr vs expectation of Rs. 57.1 Cr, QoQ Rs. 56.6 Cr, YoY Rs. 46.1 Cr

Quarter EPS is Rs. 5

Stock is trading at P/E of 46.6x FY27E EPS
February 4, 2026 09:27

Kalyani Steels Q3 results live:

Kalyani Steels Ltd. | CMP Rs. 702 | M Cap Rs. 3062 Cr | 52 W H/L 1032/667

(Nirmal Bang Retail Research)

Result is ok

Revenue from Operations came at Rs. 462.4 Cr (1.4% QoQ, -4.5% YoY) vs QoQ Rs. 456.1 Cr, YoY Rs. 484 Cr

EBIDTA came at Rs. 91.5 Cr (7.2% QoQ, 9.8% YoY) vs QoQ Rs. 85.4 Cr, YoY Rs. 83.4 Cr

EBITDA Margin came at 19.8% vs QoQ 18.7%, YoY 17.2%

Adj. PAT came at Rs. 68.7 Cr vs QoQ Rs. 62.5 Cr, YoY Rs. 56.4 Cr

Quarter EPS is Rs. 15.7

Stock is trading at P/E of 11.2x TTM EPS
February 4, 2026 09:26

PCBL Chemical Q3 results live:

PCBL Chemical Ltd. | CMP Rs. 304 | M Cap Rs. 11955 Cr | 52 W H/L 444/255

(Nirmal Bang Retail Research)

Result is below expectations

Revenue from Operations came at Rs. 1845.6 Cr (-14.7% QoQ, -8.2% YoY) vs expectation of Rs. 2142.2 Cr, QoQ Rs. 2163.6 Cr, YoY Rs. 2010 Cr

EBIDTA came at Rs. 214.7 Cr (-19.4% QoQ, -32.4% YoY) vs expectation of Rs. 256.5 Cr, QoQ Rs. 266.2 Cr, YoY Rs. 317.3 Cr

EBITDA Margin came at 11.6% vs expectation of 12%, QoQ 12.3%, YoY 15.8%

Adj. PAT came at Rs. 22.9 Cr vs expectation of Rs. 85.8 Cr, QoQ Rs. 61.5 Cr, YoY Rs. 93.6 Cr

Quarter EPS is Rs. 0.6

Stock is trading at P/E of 17.4x FY27E EPS
February 4, 2026 09:24

Stock market live updates: Sensex, Nifty trade flat

Sensex traded 108.91 pts or 0.13 % lower at 83,630.22 at 9.18 am after opening at 83,252.06 against the previous close of 83,739.13, and Nifty 50 dipped 0.60 pts to 25,726.95.

Published on February 4, 2026

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Bitcoin-led Crypto rout erases nearly half a trillion in a week

by Hansraj Agrawal | Feb 4, 2026 | Business

Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated.

Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data.

Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election in early November 2024 and ushered in a more crypto-friendly administration.

The original cryptocurrency, which hit a 15-month low of $72,877 in the US, regained some ground in Asia Wednesday, trading at $76,200 at 10 a.m. in Singapore. It is down 13 per cent this year and 39 per cent from its Oct. 6 peak above $126,000.

“Asia morning sentiment is cautious and defensive. The mood is still risk‑off, but the pace of forced selling has slowed compared with the US close,” said Rachael Lucas, an analyst at BTC Markets. Still, “Bitcoin printing sub‑$73,000 has pushed sentiment into extreme fear,” she said.

The declines follow a volatile week across global markets that also saw sharp swings in gold and silver. While precious metals found buyers on Tuesday after recent losses, cryptocurrencies failed to attract support. Bitcoin and US equities fell as rising tensions between the US and Iran prompted investors to seek safe assets.

Bitcoin’s plunge is raising doubts that it functions as a kind of “digital gold,” as it hasn’t acted as a safe haven during a period of heightened geopolitical uncertainty. Investor Michael Burry this week warned that Bitcoin has been exposed as a purely speculative asset, failing to establish itself as a hedge similar to precious metals.

Historically, there’s been a “tremendous amount” of near-religious belief in holding on to Bitcoin no matter what, Michael Novogratz, chief executive officer of Galaxy Digital LP, said on an earnings call. “And somehow that virus or that fever broke, and you started seeing some selling.”

More stories like this are available on bloomberg.com

Published on February 4, 2026

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आज फोकस में रहेंगे ट्रेंट, NHPC और बजाज फाइनेंस के शेयर, नतीजे बदल सकते हैं बाजार का रूख

by Hansraj Agrawal | Feb 4, 2026 | Business

Stocks in focus: अमेरिका और भारत के बीच ट्रेड डील के चलते मंगलवार को शेयर बाजार में गजब की तेजी आई. एनालिस्ट का कहना है कि बजट में F&O ट्रेडिंग पर STT बढ़ाने के ऐलान के बाद निफ्टी में शुरू हुई बिकवाली के बाद अब इसमें आया तेज उछाल शॉर्ट-टर्म ट्रेंड में संभावित बदलाव का संकेत देता है क्योंकि इंडेक्स ने अपने अहम मूविंग एवरेज को फिर से हासिल कर लिया है.

जहां तक रही आज की बात, तो गिफ्ट निफ्टी शेयर बाजार के कमजोर शुरुआत होने के संकेत दे रहे हैं. गिफ्ट NIFTY 51.50 पॉइंट्स या 0.20 परसेंट की गिरावट दिखा रहा है. निफ्टी फ्यूचर्स 25,813.50 के लेवल के आसपास कारोबार कर रहा है. आज के कारोबार में ट्रेंट, BPCL, बजाज फाइनेंस, मैनकाइंड फार्मा, अपोलो टायर्स जैसी कई कंपनियों के शेयर अलग-अलग वजहों से फोकस में रहने वाले हैं.

इन कंपनियों के आएंगे तिमाही नतीजे

ट्रेंट, NHPC, ट्यूब इन्वेस्टमेंट्स, हेक्सावेयर टेक्नोलॉजीज और अपोलो टायर्स के शेयर फोकस में रहेंगे क्योंकि ये कंपनियां आज अपने तीसरी तिमाही के नतीजे घोषित करेंगी.

बजाज फाइनेंस

मंगलवार को बाजार बंद होने के बाद बजाज फाइनेंस (Bajaj Finance) ने कारोबारी साल 2026 की तीसरी तिमाही के अपने वित्तीय नतीजे का ऐलान किया. इस दौरान कंपनी के कंसोलिडेटेड नेट प्रॉफिट में पिछले साल की समान तिमाही के मुकाबले 6 परसेंट की गिरावट दर्ज की गई. इसी के साथ कंपनी का मुनाफा 4,066 करोड़ रुपये रहा. मुनाफे में ये गिरावट मुख्य रूप से बढ़े हुए ECL प्रोविजन और नए लेबर कोड के वन-टाइम चार्ज की वजह से आई है. इन्हें एडजस्ट करने के बाद प्रॉफिट 23 परसेंट बढ़कर 5,317 करोड़ रुपये हो गया.

मैनकाइंड फार्मा

भारतीय दवा कंपनी मैनकाइंड फार्मा (Mankind Pharma) ने भी मंगलवार को तीसरी तिमाही के नतीजे का ऐलान किया. 31 दिसंबर को खत्म हुई तिमाही में कंपनी का कंसोलिडेटेड नेट प्रॉफिट 380 करोड़ रुपये से बढ़कर 409 करोड़ रुपये (45.3 मिलियन डॉलर) हो गया है. Gas-O-Fast एंटासिड टैबलेट और मैनफोर्स कंडोम बनाने वाली इस कंपनी के मुनाफे की बड़ी वजह लंबी बीमारियों के इलाज में इस्तेमाल होने वाली कंपनी की बनाई दवाओं की मजबूम घरेलू मांग है.

BPCL

सरकारी रिफाइनर भारत पेट्रोलियम (BPCL) ने आने वाले वित्त वर्ष के लिए अपनी पूंजीगत खर्च योजना को 35 परसेंट बढ़ाकर 25,000 करोड़ रुपये कर दिया है, जो पेट्रोकेमिकल्स में आक्रामक रूप से आई तेजी के चलते हुआ है. जबकि इसकी प्रतिस्पर्धी इंडियन ऑयल और ONGC ने अपने निवेश बजट में कटौती की है.

पिडिलाइट इंडस्ट्रीज

पिडिलाइट इंडस्ट्रीज (Pidilite Industries) ने मंगलवार को दिसंबर 2025 को खत्म हुई तीसरी तिमाही के लिए अपना कंसोलिडेटेड नेट प्रॉफिट 12 परसेंटकी बढ़ोतरी के साथ 624 करोड़ रुपये बताया. कंपनी ने पिछले वित्त वर्ष की तीसरी तिमाही में 557 करोड़ रुपये का प्रॉफिट कमाया था. पिडिलाइट इंडस्ट्रीज एडहेसिव, सीलेंट और कंस्ट्रक्शन केमिकल्स बनाती है.

AB Capital

आदित्य बिड़ला कैपिटल ने भी मंगलवार को दिसंबर तिमाही के अपने नतीजे का ऐलान किया. इस दौरान इसका कंसोलिडेटेड नेट प्रॉफिट 33 परसेंट की उछाल के साथ 945 करोड़ रुपये तक पहुंच गया. यह पिछले साल के 708 करोड़ रुपये से ज्यादा है. तिमाही नतीजे का असर आज कंपनी के शेयरों पर दिख सकता है.

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)

ये भी पढ़ें:

क्यों एग्रीकल्चर और डेयरी सेक्टर्स को ट्रेड डील से रखा बाहर? जानें क्यों हैं ये संवेदनशील क्षेत्र?

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RBI approves Vinay Tonse as MD & CEO of YES Bank for 3-year term

by Hansraj Agrawal | Feb 3, 2026 | Business

Vinay Muralidhar Tonse
| Photo Credit:

The Reserve Bank of India (RBI) has approved appointment of SBI MD Vinay Tonse as the new MD, CEO of YES Bank for three years, according to an exchange notice.

“Prashant Kumar, MD/CEO of the Bank, is currently in the midst of his extended term. Keeping his preferences and the Bank’s growth needs in perspective, the Bank had sought regulatory approval from the Reserve Bank of India for new leadership. In this regard, we would like to inform you that RBI vide its letter dated February 3, 2026 has approved the appointment of Mr. Vinay Muralidhar Tonse as MD & CEO of YES BANK Limited for a period of 3 years w.e.f. the date of taking charge,” YES Bank said in an exchange filing.

Tonse’s appointment will be subject to the approval of the shareholders of YES Bank.

Published on February 3, 2026

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