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NCR plans four new cities along RRTS corridors to ease housing costs
The National Capital Region Planning Board’s Regional Plan 2041 proposes four new greenfield cities along Rapid Rail Transit System (RRTS) corridors, a move experts say could improve affordability and reshape real estate growth across NCR.
Valuations still high, massive return of FPI flows unlikely: Ambit Capital
The brokerage says elevated valuations, stronger opportunities in developed markets and the rise of AI-related investments could limit foreign inflows into Indian equities
Knack Packaging fixes ₹439.5-crore IPO price band at ₹161-170 per share
Knack Packaging sets ₹161-170 IPO price band to raise ₹439.5 crore, with proceeds earmarked for capacity expansion and capital expenditure
US stock market today: S&P 500, Nasdaq futures edge higher as tech stocks rebound; Brent crude slips below $75
US stock futures rose modestly after a sell-off in technology stocks, particularly semiconductors. S&P 500 futures increased by 0.2% as investors remain concerned about the valuation and potential returns from recent capital expenditures in AI-related sectors.
RBI to raise large exposure limit for upper layer NBFC-IFCs to 45% from 35% of eligible capital base
The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure sector.
Equitas Small Finance Bank board clears ₹1,750 crore capital raising plan
Shares of Equitas Small Finance Bank Ltd ended at ₹77.12, up by ₹0.070, or 0.091%, on the BSE.
Quick Wrap: Nifty Realty Index rises 2.17%
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Buy the dip in gold, silver; new highs still ahead: Swiss Asia Capital CIO
Juerg Kiener, Managing Director and CIO of Swiss Asia Capital (Singapore) expects both precious metals to hit fresh highs, supported by tight inventories, inflation risks and future economic stimulus.
SaffronStays raises $ 3.5 million in a funding round led by Infinity Ventures
Holiday home brand SaffronStays has secured $3.5 million in a funding round led by Infinity Ventures. This capital will fuel expansion into new leisure destinations, enhance technology, and improve guest experiences. The company, profitable for four years, aims to build five regional business units generating ₹100 crore annually, emphasizing profitability and customer satisfaction in India's growing managed holiday-home market.
Sensex jumps 791 points, Nifty tops 24,000: 3 reasons why markets rose today
Index majors ICICI Bank, HDFC Bank and Infosys led the rally, helping both Sensex and Nifty gain nearly 1%. The Nifty IT index also strengthened after Axis Capital upgraded eight IT stocks, adding momentum to the broader market.
India near bottom of global rankings, but that's exactly why to stay invested: Devina Mehra
Devina Mehra, Founder, Chairperson and MD of First Global, remains positive on pharmaceuticals, automobiles, capital goods and power-related businesses while cautioning that current AI-related valuations may not deliver corresponding returns. Mehra also expects Indian IT services firms to play a role in enterprise AI adoption despite concerns around employment and spending cycles.
Axis Capital upgrades eight IT stocks citing these three factors but downgrades Wipro, TechM
While AI-driven coding productivity is a popular theme, Axis Capital cautions that it alone cannot deliver the substantial $510 billion to $1.3 trillion in revenue that AI firms are targeting.