Breaking: Investors lose ₹5 lakh crore
and more
Welcome to Monday, where the stock market is on a rollercoaster, and investor wealth just took a ₹5 lakh crore nosedive. But hey, at least this newsletter is free (for now).
Now, let’s break down today’s madness!
📌 Top Headlines of the Day
Sensex plunges over 600 pointsThe stock market continued its decline for the fourth straight session on February 10, with the Sensex falling over 600 points and the Nifty 50 nearing 23,350. The selloff was broad-based, particularly hitting mid-and small-cap stocks, wiping out nearly ₹5 lakh crore in investor wealth.
Key reasons for the downturn include:
The U.S. President announced new 25% tariffs on steel and aluminum imports, impacting market sentiment.
Despite a 9% correction from its peak, Indian markets remain overvalued, keeping investors cautious.
At 10:45 AM, the Sensex was down 572 points, and the Nifty 50 had lost 177 points.
$4 billion of IPOs are expiringThe stock market faces added pressure as lockups on about $4 billion worth of newly listed shares expire on Monday. This includes companies like FirstCry’s BrainBees Solutions, Ola Electric, and Unicommerce.
While not all shares will be sold immediately, the expiry comes at a time when Indian stocks have already lost $1 trillion in value since December.
Other firms with lockup expiries include Swiggy, Niva Bupa, and Acme Solar.
Realme P3 Pro is set to launch in India next weekIt will launch in India on February 18 at 12 PM. The phone will be available in Nebula Glow, Galaxy Purple, and Saturn Brown and sold via Flipkart and Realme’s website.
Key Specifications
Display: 6.83-inch quad-curved edgeflow panel, 1.5K resolution, 120Hz refresh rate, 1,500 nits peak brightness.
Processor: Qualcomm Snapdragon 7s Gen 3, scoring 800K+ on Antutu.
Storage Variants:
8GB RAM + 128GB storage
8GB RAM + 256GB storage
12GB RAM + 256GB storage
Battery: 6,000mAh, 80W fast charging (0-100% in 24 mins), 4-year battery health guarantee.
There's a shortage of leaders in IndiaAs Indian electronics manufacturers venture into complex areas like component production, they face a significant talent shortage, particularly in leadership roles.
Xpheno estimates that leadership talent in India’s electronics sector makes up just 1% of the total white-collar workforce.
Currently, over 80 leadership positions remain open, with major firms like Tata Electronics, Zetwerk, Micromax-owned Bhagwati Products, and Amber Enterprises actively hiring.
The scarcity of skilled leaders has driven salaries for top roles to ₹1.5-2.5 crore per year, excluding ESOPs.
CBI arrests four in Tirupati laddoo adulteration caseThose arrested include former directors of Bhole Baba Dairy, Pomil Jain and Bipin Jain; Vaishnavi Dairy CEO Apoorva Chawda; and AR Dairy MD Raju Rajasekharan.
The scheme involved fraudulent supply contracts, with Vaishnavi Dairy securing tenders for ghee but allegedly supplying an adulterated version mixed with animal fat and low-quality substitutes.
📌 Startup News
FirstCry reduces losses by 70%Brainbees Solutions, the parent company of FirstCry, posted strong Q3 FY25 results with a 14.3% revenue jump to ₹2,172 crore and a 70% reduction in net loss to ₹14.7 crore. Orders increased 13% to 11.1 million, and annual transacting customers grew 17% to 98 lakh.
Operational Highlights:
India revenue: ₹1,510 crore (+15%)
International revenue: ₹261 crore (+13.5%)
GlobalBees contribution: ₹422 crore
Positive EBITDA: ₹152 crore
OYO sees a nearly 6x surge in profitOYO reported a PAT of ₹166 crore in Q3FY25, a sixfold increase from the previous year's ₹25-30 crore.
For the first nine months of FY25, the company posted a ₹457 crore profit, reversing a ₹111 crore loss from the same period last year.
Revenue rose 31% YoY to ₹1,695 crore, while Adjusted EBITDA grew 22% to ₹249 crore.
Gross Booking Value (GBV) surged 33% to ₹3,341 crore.
Indian startups secured over $128 million in funding between Feb 3 and Feb 820 startups across sectors like AI, Fintech, and Healthcare raised $128.17 million. This follows a stronger previous week, where Indian startups secured $191.44 million, with Leap alone raising $65 million.
📌 Global News
iPhone exports surpass ₹1 trillion for the first time in a financial yearApple Inc. has surpassed Rs 1 trillion in free-on-board (FOB) export value within the first 10 months of FY25, driven by record iPhone exports in January.
Between April 2024 and January 2025, Apple's exports grew 31% year-on-year from Rs 76,000 crore, with January alone contributing Rs 19,000 crore, largely due to iPhone assembly.
PM Modi leaves for USNarendra Modi's visit to the U.S. aims to strengthen India-U.S. ties, focusing on trade, technology, defense, and supply chain resilience.
Meeting President Trump for the first time since his second-term inauguration, Modi seeks to build on past collaborations and deepen strategic partnerships.
The visit coincides with Trump's plans for reciprocal tariffs, with India considering tariff reductions in multiple sectors to boost U.S. exports and avoid a trade war-like scenario.
📌 Now, Bolly News
Loveyapa Box Office collection Day 3Junaid Khan and Khushi Kapoor-starrer ‘Loveyapa’ maintained steady earnings on its third day, collecting ₹1.1 crore on Sunday, bringing its total India net collection to ₹3.9 crore. The film had earned ₹1.65 crore on Saturday and ₹1.15 crore on Friday.
Sanam Teri Kasam re-release box office collection Day 3The 2016 romantic drama Sanam Teri Kasam, starring Harshvardhan Rane and Mawra Hocane, has changed its fate with a successful re-release. Initially declared a flop, the film has now collected ₹16 crore from its re-release, adding to its original ₹9 crore earnings for a total of ₹25 crore.
Box Office Performance (Re-Release):
Day 1: ₹4.5 crore
Day 2: ₹5.5 crore
Day 3: ₹6 crore
Total: ₹16 crore
So, that’s it for today. If you enjoyed this edition, subscribe to hear from us every day!
See ya 👋
