Business
Builder promised 5,069 sq ft, delivered 3,900; RERA orders refund, Rs 98 lakh penalty
Telangana RERA condemned the use of such tactics by the builder, stating that the alleged conduct amounted to cheating, violated Section 3 of the RE(R&D) Act and made the builder liable for a penalty.
Business
IPO rush ahead: 11 companies line up to raise Rs 7,055 crore from investors
The primary market in India is gearing up for an exciting week ahead, with eleven main-board IPOs lined up to collectively raise more than seven thousand crore rupees. These IPOs span various sectors, showcasing a vibrant market landscape. Most will launch on Tuesday and Wednesday, highlighting the robust corporate belief and strong liquidity present in
Business
Bullion markets this week: US inflation, crude and Middle East tensions to set the tone
This week sees potential volatility in gold and silver prices, primarily driven by upcoming US inflation figures and interest rate speculation. The influence of crude oil fluctuations and geopolitical developments in the Middle East also play a significant role. Additionally, ongoing purchases by central banks, notably in China, bolster gold values. Key economic reports from
Business
India holds strong: How government & RBI worked to shield economy from US-Iran war
The economy has shown resilience in the face of multiple crises. GDP growth is just one aspect of the story. Foreign exchange reserves have recently hit an all-time high. GST collections – an important high frequency indicator – are robust. India’s exports have successfully diversified into new markets even as Free Trade Agreements load in
Business
Onion prices still make eyes water despite Centre’s Rs 35/kg buffer sale
In a move to curb soaring onion prices, the government is implementing subsidized sales, dispersing around four thousand tonnes of onions to seventeen cities. With fresh kharif onion arrivals anticipated from mid-October, the supply situation is set to improve, although the recent rabi crop suffered from unexpected rains, complicating storage. This initiative aims to alleviate
Business
Rs 1 lakh gold investment becomes Rs 3.28 lakh in 5 years: 228% return plus interest
The Reserve Bank of India (RBI) has announced the premature redemption price for the SGB 2021-22 Series VI, which was issued on September 7, 2021. In a statement, the RBI has said that investors in this gold bond series will be able to exercise the premature redemption option from September 7, 2026.
Business
FPIs turn sellers again, pull out Rs 7,443 crore from Indian equities in first week of September
In early September, foreign portfolio investors pulled out Rs 7,443 crore from Indian equities after experiencing two months of net investments. This retreat was influenced by soaring crude oil prices and stable US bond yields, which dampened investor enthusiasm. Additionally, foreign entities maintained their selling spree in the Indian debt market. Future FPI movements will