The government has extended the deadline for completion of the flagship highway development project Bharatmala Phase-I to 2027-28, a full six years from the original schedule. The move follows an over 100% increase in the estimate cost of the mega project to nearly Rs 11 trillion, and reflects the slowing of implementation, and financial constraint
Top picks for Diwali: Hear out the expert recommendations
By Harjeet Singh Arora The Muhurat trading, also recognized as Auspicious trading, is a one-hour trading session held on Diwali. Over the past ten Muhurat trading sessions, seven instances concluded with positive returns, highlighting the auspicious nature of the occasion for market participants. Meticulous planning is imperative, particularly with
Recasting caste politics: How caste politics can be done in India will headline the elections next year
By Badri Narayan Indian politics in 2024 will renew itself against the backdrop of what happened in 2023. This renewal will take place in all three spheres—the politics of state, politics of elections and politics of people. These, of course, are interlinked. The changes and continuum in all three spheres will be quite visible in […]
Fedfina announces Rs 1,092 crore IPO; sees no impact of RBI norms on issue
Fedbank Financial Services (Fedfina) on Friday said it plans to raise up to Rs 1,092-crore through an initial public offering opening on November 22. The Reserve Bank’s circular increasing the risk weights on unsecured lending will increase the borrowing costs, but the negative market sentiment will not impact the offering, Managing Director and Ch
Charting the course: Key retail tech trends of 2024, from deep digitization to destination shopping
– By Varun Tangri For the 36.6 Billion dollar-strong Indian retail technology landscape, the upcoming year, 2024, stands as a crucial juncture. This period will hold the promise of unveiling transformative trends, embracing profound digitization that permeates every aspect of retail operations, and giving rise to the concept of destination shopping
Will Nifty breach the 19850 level? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19, 892.5 up merely 0.02%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 advanced 28.45 points or 0.14% to settle at 19,811.85, while the BSE Sensex gained 92.47 points or 0.14% to 66,023.24. “Markets remained range-bound […]
Muthoot Microfin to launch Rs 960 crore IPO on Dec 18
Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, is set to float its Rs 960 crore initial public offering (IPO) on December 18. The maiden public issue will conclude on December 20 and the one-day bidding for the anchor investors will open on December 15, according to the red herring prospectus (RHP). Those selling [&hellip
Sebi mulling framework for issuance of subordinate units by REITs, InvITs to sponsors
Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates.Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment t
Historic day for markets: BSE-listed companies surpass $4 trillion market capitalization
The Indian markets reached a historic milestone by crossing the $4 trillion market cap threshold on Wednesday. The market value of all BSE-listed companies has soared to a record high of Rs 333 trillion, equivalent to $4 trillion. Since April 1, India’s market cap has surged by 27%. Notably, the market cap of the top […]
DMK leader’s remark ‘people from UP, Bihar cleaning toilets in rich-state Tamil Nadu’ sparks row, Tejashwi reacts
Following uproar over comments by DMK MP Dayanidhi Maran’s alleged remark that people from the Hindi heartland were cleaning toilets and doing other menial jobs in Tamil Nadu, Bihar Deputy Chief Minister Tejashwi Yadav on Sunday condemned saying that the remarks were “reprehensible”. Yadav said like his RJD, the DMK headed by Tamil Nadu Chief [&hel