Market News
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ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategy
ASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai, Delhi NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund aims to support developers with structured financing for mid-segment housing. It will also focus on lender replacement and completing stalled projects.
Indian shares likely to open flat on rising Mideast tensions - Yahoo Finance Singapore
Indian shares likely to open flat on rising Mideast tensionsYahoo Finance Singapore
Indian equities set to open flat; IT stocks in focus - Yahoo Finance Singapore
Indian equities set to open flat; IT stocks in focusYahoo Finance Singapore
LPG crunch forces IRCTC to resume cooking onboard; 60% of railway food to be prepared on electricity
Indian Railway Catering and Tourism Corporation is now cooking meals inside moving trains. This practice was stopped earlier but has resumed using electric induction stoves. The company is also using induction cookers at major stations. This change is due to a significant shortage of commercial LPG cylinders. The disruption has impacted IRCTC's financial performance.
Government and RBI building vital buffer against external volatility by appropriate liquidity measures to support inflow of foreign capital: FICCI
Mr Anant Goenka, President, FICCI said, FICCI welcomes the RBIs decision to keep the policy repo rate unchanged at 5.25 per cent while maintaining a neutral stance. This is a balanced and prudent decision given the heightened global uncertainty and maintaining policy stability at this juncture provides confidence to businesses and investors alike. FICCI also welcomes the proactive regulatory measures announced by the Ministry of Finance and the RBI to strengthen external sector resilience and facilitate capital inflows. The decision to review the regulatory framework for Foreign Portfolio Investments in Government Securities along with rationalisation of taxes on such investments will deepen the G-Sec market and attract greater participation of FPIs in Indian government securities.
Startup Policy Forum submits recommendation to Sebi, finance ministry to ease KYC norms for NRIs investing in India
The Startup Policy Forum has urged Sebi and the finance ministry to fix digital onboarding barriers that prevent non-resident Indians from investing in Indian markets remotely.
IRCTC cracks down on fake accounts, expands AI surveillance in kitchens
IRCTC has deactivated millions of suspicious user IDs to combat fraudulent train ticket bookings. This move addresses passenger concerns about ticket availability. Simultaneously, artificial intelligence is now monitoring over 800 railway kitchens. Smart cameras detect hygiene violations, ensuring improved food safety standards for passengers across the Indian Railways network.
India Launches UPI payments in Cambodia through NPCI-ACLEDA bank partnership
National Payments Corporation of India has officially partnered with ACLEDA Bank to launch Unified Payments Interface (UPI) acceptance in Cambodia. The Ministry of Finance said that the first phase enables millions of Indian travellers to make seamless QR payments at over 4.5 million Cambodian merchants, with a two-way corridor to follow. It said that the in the subsequent phase, the corridor will become fully bi-directional. Cambodian citizens visiting India will soon be able to use their domestic banking and digital payment applications to scan millions of UPI QR codes throughout India. The Ministry said that UPI is accepted in eight countries including Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar and Sri Lanka. Reserve Bank of India (RBI) has been actively pursuing interlinking of Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross-border payments. These initiatives are aligned with the G20 Roadmap for .
Trading ideas today: South Indian Bank, Suryoday SFB, Apollo Hospitals
Kunal Kamble of Bonanza has recommended three stocks to buy today - Suryoday Small Finance Bank, South Indian Bank and Apollo Hospitals.
Kotak Alts raises $1 billion through 14th real estate fund
Kotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the fund with over six hundred seventy-five million dollars. The National Pension Service of the Republic of Korea also made its first investment in Indian alternatives. This fund will finance growth and development across Indian real estate.
Vadodara eyes India’s first public blue municipal bond issue, plans ₹200 crore fundraising
Gujarat’s Vadodara Municipal Corporation aims to raise up to ₹200 crore through a public blue bond issue for water-management projects, potentially becoming the first issuer to bring the sustainable-finance instrument to the Indian market.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.