The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
Food delivery company Zomato's Rs 9,375-crore initial public offering (IPO) will open for subscription on July 14, said investment banking sources on Wednesday. The company initially was looking to raise Rs 7,500 crore through the offering. Investment banking sources said the issue size has been increased because of the robust demand from investors.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
With the arrival of the second Covid wave in April, the numbers fell by almost 50 per cent.
The NSE Nifty ended at 2,776, gaining 6 points. The market breadth was negative - out of 2,493 stocks traded, 1,385 declined, 1,002 advanced and the rest were unchanged on Wednesday.
The NSE Nifty ended at 3142, up 98 points. The market breadth was fairly positive - out of 2,655 stocks traded, 1,809 advanced, 777 declined and the rest were unchanged on Tuesday.
A statement from Gandhi's office came after a media house purportedly made a query to Robert Vadra asking whether a portion of the money he had received from the DLF was used by his wife to buy properties in Faridabad in Haryana.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
The actor made a showstopping entry unveiling the latest collection.
Nearly 30 Indian firms that have imported aircraft for charter use are under the scanner of the Customs authorities for allegedly flouting import norms in order to evade taxes.
Senior IAS officer Ashok Khemka who had cancelled the mutation of a land deal between a firm owned by Robert Vadra and realty major DLF, was promoted as Principal Secretary.
Stock market expert Pranav Sanghavi answers some of your queries.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
With relaxations in the nationwide coronavirus-induced lockdown, locals were seen strolling and jogging at roads and beaches of Mumbai and other cities on Sunday.
Donations received in form of electoral bonds were not included in the filing.
The NSE Nifty ended at 2,935, up 15 points. The market breadth was positive - out of 2,574 stocks traded, 1,374 advanced, 1,092 declined and 108 were unchanged on Tuesday.
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
The NSE Nifty ended with a loss of 45 points at 4,292. The market breadth was negative - out of 2,702 stocks traded, 1,568 declined, 1,035 advanced and 99 were unchanged on Wednesday.
Lodha Developers on Thursday said it has completed the acquisition of 17-acre prime land in Mumbai from realty major DLF for Rs 2,725 crore (Rs 27.25 billion) -- the largest realty deal so far this year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Buyers are looking for deals at half the price sellers are asking for.
The Sensex opened with a negative gap of 83 points at 14,726, and slipped to a low of 14,677 in early deals. The index, thereafter, pared gains and slipped into red in late trades. The Sensex finally settled at 14,833 - up 24 points. The NSE Nifty ended with a gain of 30 points at 4,533. DLF, TCS, Reliance Energy and Reliance Communications, Larsen & Toubro, Hindustan Unilever, Ranbaxy, BHEL, ICICI Bank and Tata Motors, Bharti Airtel and Cipla were major gainers on Tuesday.
The Sensex touched a high of 16,168, up 429 points from the day's low, and finally ended with a gain of 199 points at 16,123. NSE Nifty ended 66 points higher at 4,866. DLF zoomed over 10% to Rs 749. Larsen & Toubro gained nearly 7% at Rs 2,917. ACC, Ranbaxy, Bajaj Auto, BHEL, NTPC and Reliance were gainers on Tuesday. Maruti and Satyam dropped, while HDFC, Cipla and Wipro shed 2.5% each. Tata Motors and ICICI Bank slipped around 2% each. Reliance Energy topped value charts.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
The NSE Nifty ended at 5,777, down 271 points. The market breadth was fairly negative at close - out of 2,954 stocks traded, 1,939 declined, 999 advanced and 16 were unchanged today.
The actor was in Noida to promote her new lipstick collection.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
"The concrete actions are a stern indication that Government of India is making all out efforts to increase vaccine production in the country as well as attracting foreign vaccine manufacturers to supply the required vaccine doses for national Covid vaccination programme," the ministry in a statement.
The NSE Nifty ended at 4,583, down 54 points. The market breadth was extremely negative - out of 2,774 stocks traded, 2,020 declined while 706 advanced. The rest were unchanged.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Militant labour policies compounded a poor security environment for capital in West Bengal and encouraged the business community to relocate. constraining the private sector's right to hire freely could well be the coup de grace. As with Calcutta/Kolkata, it will probably take a decade for Gurgaon/Gurugram to feel the difference, says Kanika Datta.
Meet the hot showstoppers from the India Runway Week 2019.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Official sources said the three-member committee headed by Additional Chief Secretary Krishna Mohan said that Khemka had acted beyond the authority vested in him by cancelling the mutation of three-acre of land to DLF following the deal with Vadra, son-in-law of Congress President Sonia Gandhi.
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Sensex opened 49 points lower at 17,441. he Sensex recovered partially and finally ended with a loss of 118 points at 17,373. The NSE Nifty shed 48 points to end at 5,145. Bharti Airtel and DLF slumped 5.3% each to Rs 847 and Rs 668, respectively. M&M and Reliance Communications dropped 2% each. L&T, Maruti and ACC slipped over 2% each. BHEL has plunged 2.5%, SBI and NTPC declined 1.3% each, Grasim was, also, down over 1%. Satyam and ITC surged 2% each. TCS gained 1.5%.
'A penalty of Rs 500 was immediately imposed as per rules on Wednesday and the fine amount was also remitted. The worker was using running water to clean the car, leading to wastage of water'
The real estate sector has underperformed the Sensex in the past 2 years.
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