At the end of the day, game is played by Hyundai korea. They would decide who will play dominant role in a particular segment in india.
4,400 gms gold, Honda CRV, and house in Shimla: Priyanka Gandhi declares assets worth Rs 12 crore (23-10-2024)
Priyanka Gandhi, making her electoral debut for the Wayanad Lok Sabha bypolls, declares assets worth over Rs 12 crore and an income of Rs 46.39 lakh for 2023-2024. Her affidavit also details assets and liabilities, including FIRs and tax reassessment proceedings.
Market Trading Guide: TCS, Hindustan Zinc are among 4 stock recommendations for Thursday (23-10-2024)
Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday, weighed down by ongoing foreign fund outflows and selling pressure in auto and pharma stocks. Rupak De of LKP Securities said that he sees a possibility of recovery in the near term. Immediate support is placed at 24,350. A further recovery above 24,750 could lead to a move towards 25,250. However, a significant correction may occur if Nifty falls below 24,350.
EC initiates awareness campaign on EVM, VVPAT ahead of Delhi Assembly polls (23-10-2024)
The Election Commission is conducting an awareness campaign in Delhi’s 11 districts about using EVMs and VVPATs ahead of the 2025 assembly polls. With 22 demonstration centres and 70 mobile vans, voters are being educated on the voting process to ensure efficient polling.
India remains world’s largest growing economy: IMF (23-10-2024)
India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country’s macroeconomic fundamentals are good. “India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests.
Gold, silver prices hit new lifetime highs on wedding season demand (23-10-2024)
Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg
FPIs selling crosses $10 b in October (23-10-2024)
Nifty and Sensex are down 5.8 per cent and 5.7 per cent this month
Indiabulls Real Estate Ltd and Embassy Group Scheme of Amalgamation (23-10-2024)
Equinox Q2 FY2025 Investor Update: Strong Performance and Future Growth Plans
Equinox India Developments Limited (formerly Indiabulls Real Estate Limited) reported strong results for the second quarter and the first half of FY2025. Below are the key takeaways from their investor update:
Key Highlights:
- Pre-Sales & New Bookings: Achieved significant pre-sales and new bookings, exceeding the company’s targets.
- Gross Collections: Strong gross collections were reported, supporting financial stability.
- Net Surplus: The company’s projects generated a solid net surplus, providing a comfortable buffer for pending costs.
- Financial Position:
- Low Debt: The company maintains a low debt profile.
- Cash Reserves: Substantial cash reserves further reinforce its financial strength.
Strategic Initiatives:
- New Project in Thane: The company plans to launch a new project in November 2024, pending approvals.
- Land Monetization: Focused on monetizing land in the Mumbai Metropolitan Region (MMR) to unlock additional value.
Challenges:
- Nashik SEZ: Navigating legal complexities related to the Nashik SEZ, with confidence in a positive outcome. The company has secured a stay on an eviction order.
- Shareholder Obstruction: An individual shareholder is attempting to block the company’s merger with Embassy Group entities. Equinox believes this challenge is without merit and is working to resolve it quickly.
Looking Forward:
- Expansion: Equinox remains focused on expanding its business in key markets and diversifying its asset base.
- Land Bank: The company’s substantial land bank offers a strong foundation for future growth and expansion.
Conclusion: Equinox India Developments Limited continues to demonstrate robust performance and is strategically positioned to capitalize on the growth opportunities in India’s real estate market.