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SEBI appoints forensic auditor to examine TARC’s financial statements

Capital market regulator SEBI appointed a forensic auditor to look into financial statements of New Delhi-based real estate company TARC between years FY21-23, citing that disclosure by the company may have been ‘detrimental to the interest of investors’. The company’s stock lost 10% on Tuesday and ended at Rs 189.55. It has a market capitalisation

Markets slump over 1 per cent

Taking cues from other Asian equity markets and weighed down by an across-the-board selloff, the benchmark indices fell over 1% on Tuesday. The Sensex remained under selling pressure throughout the session and closed 1,064 points, or 1.30%, lower at 80,684.45, marking its second consecutive day of decline. Similarly, the NSE Nifty fell 332.25 points, or

Rupee inches up by 1 paisa to close at Rs 84.90/$, amid economic concerns and global uncertainty

The Indian rupee was mostly unchanged today and trade closed at Rs 84.90 against the US dollar. This was a strengthening of 1 paisa from its previous all-time low of 84.91 on Monday.The marginal uptick came despite a weakening economic outlook, a widening trade deficit, and weak domestic markets weighing on investor sentiment. At the

Nifty may face resistance at 24800-25000, selling pressure expected ahead, says Religare Broking

By Ravi Singh The benchmark indices began the week with a negative bias, suggesting a period of consolidation following a marginal gain in the previous week. For the continuation of last week’s momentum, the Nifty needs to firmly close above 24,850. In the derivatives market, the Nifty November weekly options exhibit significant open interest at

SEBI may relax AIF norms: Ananth Narayan

The Securities and Exchange Board of India (SEBI) may relax regulations for alternative investment funds (AIF) as recent regulatory measures have reassured the watchdog about reduced circumvention practices, a senior SEBI official said. Speaking at the CII AIF Summit, SEBI whole-time-member Ananth Narayan said, “Now that we have these checks and balances in place, I

Tracking buzzing stocks: Top gainers include Cipla, top losers include Shriram Finance, Grasim Industries, Hero MotoCorp on December 17- Check complete list here 

The markets have been trading in range for most part of the week. The Nifty and the Sensex closed around 1.3 percent lower ach. The Sensex ended the day in deep red, plunging by 1.30 per cent or 1064.12 points to close at 80,684.45. The Nifty too mirrored the move and closed at 24,336.00, a

Carraro India IPO opens December 20: A look at price band, listing date and other key details 

As December draws to a close and 2025 is just around the corner, the IPO market continues to buzz with activity. A action-packed week for investors, several IPOs are scheduled to hit the market this week. Among these key highlights is Carraro India, a player in automotive and agricultural machinery. The Carraro India IPO will

Why are markets under pressure- Are investors worrying about end-of-year FII selling?

Indian equity markets are under pressure on the back of expected FII selling. Analysts believe that the FIIs are winding up their positions in the market due to year-end and are not willing to carry those positions even in the cash markets.  The Nifty 50 dropped 300 pints or 1.2% to 24,323.60 from the day’s
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Realty project costs, lease rents likely to rise on GST change

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

FMCG firms seek respite in 2025

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

OYO completes $525 million acquisition of G6 Hospitality from Blackstone

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

Zoho-backed Silectric to invest Rs 3,426 crore in Karnataka

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 sells 300 MW solar asset in Rajasthan

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