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GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 48 points or 0.20% higher at 23,787 indicating a higher start for domestic indices NSE Nifty 50

The GST Council’s decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc, for leasing could push project costs and increase rents, said experts. Developers could also move court against the  amendment, experts added. In

For analysts, investors and stakeholders, the country’s Rs 5-lakh-crore FMCG market has been a dependable industry that delivers consistent returns year after year. The year ending 2024, however, saw the ‘defensive’ FMCG market crack open as demand challenges, notably, in urban areas, hurt overall growth rates. This is even as rural areas saw a revival

Travel tech company Oyo on Monday said it has completed the acquisition of US-based G6 Hospitality from Blackstone for $525 million. The all-cash deal was initially announced in September.  G6 Hospitality is an economy lodging franchisor and the parent company of Motel 6 and Studio 6 brands. With this acquisition, Oyo will get around 1,500

Silectric Semiconductor Manufacturing, a venture backed by Chennai-based Zoho Corp, will invest Rs 3,425.6 crore to set up a manufacturing unit in Karnataka’s electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs. Also ReadFlying High: Adani Group to acquire 85.8% stake in Air Works for Rs 400 crore This investment

ReNew Energy Global on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly Rs 1,500 crore) to Anzen Energy Yield Plus Trust. The project has been operational for three years. The tariff for the 25-year power purchase agreement is Rs 2.55/unit.  Additional $17

Upskilling platform Simplilearn reduced its net losses by 56% to Rs 106.7 crore in FY24 from Rs 244.2 crore in FY23. Revenue from operations grew 9.6% to Rs 749.77 crore in FY24, from Rs 683.98 crore in FY23, according to financial statements filed with Registrar of Companies. The revenue growth came primarily from online self-learning

Rising raw material costs across the commodity spectrum may compel fast-moving consumer goods (FMCG) companies to hike prices, a standard response during inflationary cycles. However, the situation is more complex this time. Commodity inflation has emerged at an inopportune moment for FMCG firms. Urban demand remains weak, while rural markets are only beginning to recover.