For the second consecutive quarter, India's GDP growth rate handsomely beat all expectations, coming in at 8.4 percent in October-December 2023. This followed 7.6 percent print for July-September, which has now been revised up to 8.1 percent. Sandwiched between these two data points was the first advance estimate of growth for 2023-24 as whole, which was pegged at a higher-than-expected 7.3%.

📌The company will raise Rs 224 crore from the investors. 📌The company is offering 80 million shares to the investors, totally a fresh issue. 📌The company’s shares will be listed on both BSE and NSE and are expected to be listed by March 7. 📌The company set the price band in the range of Rs 26-28 per equity share with a face value of Rs 1.

Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline. The rise in BHEL's stock is attributed to the board approval of a substantial investment by state-run peer NTPC.

With the 2024 general elections knocking at the door and the incumbent Modi government most likely to retain office for the third term, Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, advises investors to look at a bottom-up stock-picking approach going ahead.He sees opportunities across sectors that offer investment potential for long-term capital appreciation.

Delhi LG VK Saxena has approved the draft uniform policy for inter-departmental allotment of land, including subordinate departments and autonomous bodies. The draft policy assumes significance as there was no uniform policy to deal with the inter-departmental allotment of government land, which led to inordinate delays extending up to years in the execution of critics.

The benchmark Indian indices traded flat as sideways momentum continued after last week's rally which saw the Nifty scale a new high above 22,300. Volume-based activity data indicates strong activity in scrips such as Coromandel, Berger Paints, and Hindalco. According to Rajesh Srivastava, a derivatives trader, volume data at the beginning of the March Series revealed.

Minister for Electronics and Information Technology Ashwini Vaishnaw is set to meet the industry over the controversy surrounding Google delisting over 100 apps of prominent Indian digital companies at 3 pm on March 4. On March 1, Google delisted over 100 apps  of companies including Bharat Matrimony, Info Edge (which runs Naukri, 99acres, and Jeevansathi), Shaadi.com, and Kuku FM from Play Store.

The Reserve Bank of India's (RBI) decision to press the pause button on interest rate hikes is expected to benefit the real estate sector and more so the Mumbai-based realtors such as Macrotech Developers, Oberoi Realty, Keystone Realtors, Sunteck Realty and Godrej Properties, Nuvama said in a note. The Mumbai realty sector recorded a 24% year-on-year (YoY) growth in the number of housing units.

V R Infraspace IPO has opened for subscription on Monday, March 4, and will close on Wednesday, March 6. V R Infraspace IPO price band has been set at ₹85 apiece of face value of ₹10 each. V R Infraspace IPO lot size consists of 1,600 shares. Investors can bid for a minimum of 1,600 shares and in multiples thereof. The issue price is 8.50 times of the face value.

BlackBuck, a logistics startup backed by Flipkart, is looking to go public in the next fiscal year aiming to raise as much as $300 million, said two people aware of the development. “They recently appointed merchant bankers and lawyers to advise on their proposed initial public offering (IPO) and have started work on the preparation of their draft red herring prospectus.

Taher Badshah, Chief Investment Officer at Invesco Mutual Fund believes it is going to be a period of low triggers in the market as there is not much in terms of actionable events to look forward to, except for policy rates at a global level, the monsoon development, and the election results from a domestic standpoint. In an interview with Mint, Badshah shared his views on markets and sectors.

The unfolding of crisis at Paytm Payments Bank (PPBL) was a pivotal moment for the Reserve Bank of India (RBI) that marked its first significant challenge in regulating fintech entities. The RBI, relatively new to fintech regulation compared to other central banks, set up a dedicated department just over two years ago in January 2022 to provide focused attention to this rapidly evolving sector.

As a customary trend, mid-cap stocks in India typically trade at a premium compared to large-cap stocks, driven by their perceived growth potential and sustained demand from domestic investors. Over the past decade, basket of the top 100 mid-cap stocks has consistently commanded an average premium of 17% over the top 50 large-cap stocks. The lowest discount level was recorded at -9%.

The steel ministry is working to avoid a shortage of low-grade iron ore in the country, said union  steel minister Jyotiraditya Scindia mid reports that steelmakers are ratcheting up pressure  to stop the export of the steelmaking ingredient. "While we have enough iron ore in the country, more would be needed as steel production rises," Scindia on March 4 during the inauguration event of Jindal.

In addition to tax revenues, both central and state governments resort to borrowing from the market to address their expenditure requirements and facilitate the bridging of fiscal deficits. If you're curious about how these governments access funds from the market, here's a breakdown. How do governments secure funds? The Union government secures funds by issuing government securities.