SUNAINA

Realty stocks saw a significant boost following the government’s proposal to provide tax relief for individuals who bought houses before July 23, 2024. Godrej Properties rose 4.12%, Macrotech Developers increased by 4%, DLF climbed 3.88%, Oberoi Realty jumped 3.79%, and Mahindra Lifespace Developers advanced 1.82% on the BSE. The BSE realty index was up 1.72% … Read more

The Indian rupee stayed mostly unchanged today. While the stock market went up, the US dollar also got stronger. This tug-of-war kept the rupee from moving much. The rupee has been weak lately but managed to recover a bit yesterday. Investors are worried about global problems and foreign money leaving India. The central bank is … Read more

Sebi is making new rules for foreign investors who use ODIs and special FPI accounts. Right now, these investors have less rules to follow than regular foreign investors. Sebi wants to change this. New rules will mean more information about who owns these investments. Also, these investors won’t be able to use some tricks to … Read more

Indian Hotels Company Limited (IHCL) announced the signing of a 108-key hotel in Nadiad, Gujarat, under its ‘SeleQtions’ brand. This new hotel will enhance IHCL’s presence in Gujarat, a growing industrial hub with rising demand for quality hospitality. The addition will bring IHCL’s total to 25 hotels in Gujarat, including 6 under development. This expansion … Read more

SEBI proposed easing requirements for investment advisers (IAs) and research analysts (RAs) to address the rise of unregulated financial influencers. The new rules include reducing qualification requirements from post-graduate to graduate degrees, removing experience prerequisites, and abolishing the net worth requirement. Instead, IAs and RAs would need to maintain deposits with the stock exchange based … Read more

On August 6, 2024, the Rajya Sabha introduced the Boilers Bill, 2024, to replace the outdated Boilers Act, 1923. The bill, approved by the Union Cabinet on August 2, aims to enhance safety and streamline regulations for boilers. It decriminalizes certain offences, promoting ease of business, and introduces fiscal penalties instead of criminal charges for … Read more

Bosch reported a 14% increase in consolidated profit after tax to Rs 466 crore for the first quarter ended June 30, 2024, up from Rs 409 crore in the same quarter last year. Total income rose to Rs 4,496 crore from Rs 4,346 crore. The growth was driven by strong demand in the passenger car … Read more

Suzlon Energy will acquire a 76% stake in Renom Energy Services for Rs 660 crore from the Sanjay Ghodawat Group in two stages. The first stage involves a 51% stake for Rs 400 crore, and the second stage will acquire an additional 25% for Rs 260 crore within 18 months. Renom is the top multi-brand … Read more

Cummins India reported a 33% increase in net profit to Rs 419.80 crore for the June 2024 quarter, up from Rs 315.62 crore in Q1FY24. Revenue from operations rose 4% to Rs 2,262.03 crore, driven by a 12% increase in domestic sales to Rs 1,873 crore. However, exports fell 22% to Rs 389 crore. The … Read more

The National Payments Corporation of India (NPCI) reported a significant rise in Unified Payments Interface (UPI) credit transactions, reaching Rs 10,000 crore per month. The increase is largely driven by the credit card feature launched in November 2022, allowing users to link credit cards for monthly payments. About Rs 200 crore is disbursed monthly via … Read more