The Enforcement Directorate (ED) on Saturday launched search operations on the premises of some Chennai-based real estate entities. Searches were conducted in T Nagar, Thiruvanmiyur and Anna Nagar. Iyra Builders and Vishnu Granites were some of the targets by the ED to gather evidence of money laundering and financial misconduct, said sources.

SECUNDERABAD: In a breather to the Secunderabad Cantonment Board (SCB), the state government on Saturday transferred 48 crore under 'transfer of property tax' (TPT) charges.Confirming this, the SCB chief executive officer D Madhukar Naik told STOI that: "The state govt has credited 48 crore in Board's account on Saturday.

The Kolkata Municipal Corporation (KMC) building department has made online application mandatory for sanction of building plans in case of new construction. Manual application will be allowed only to seek approval of plans for additions and alterations to existing structures and reconstruction of insecure buildings, mayor Firhad Hakim said on Saturday.

After failing to get proper response over alleged exorbitant property tax, the Panvel city municipal corporation has served prior-to-seizure notices to more than 300 property tax defaulters. They include 101 industrial units, 107 non-residential properties and 100 residential properties. The civic body area has 3.50lakh properties.

IFFCO has moved the NCLT against Swan Energy Ltd and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders against loans. Seeking an injunction against any such proposal, IFFCO, in its petition filed before the Ahmedabad bench of the NCLT, alleged that Triumph Offshore is pre-paying the debt.

Finance Minister Nirmala Sitharaman will inaugurate on Monday a conference of enforcement chiefs of all state and central GST officers to tackle tax evasion. In the conference, Goods and Services Tax (GST) formations will deliberate on combating GST evasion, including examining current challenges and delving into successful methods adopted by central and state tax enforcement officers.

📌With Nifty surpassing the 22,400 mark for the first time on March 2, the healthy start to the March series has cheered the mood on D-St. Experts expect Nifty to move towards the 22,500-22,600 zone in coming sessions. 📌India VIX, the fear index, fell 1.6% on March 2 to 14.99, giving more comfort to bulls. 📌The NSE has retained Zee Entertainment Enterprises to the F&O ban list for March 4.

📌Tata Investment: Buying can be initiated on dips around 7500 with a stop loss of 7250 and targets of 8000. 📌ICICI Bank: Hence, a long position can be initiated at the current market price with a stop loss of 1040 for targets of 1180. 📌Mahindra and Mahindra: a long position can be initiated, and a buy-on-dip strategy towards 1940-1950 should be used with an SL of 1880, target of 2100.

The 'New Jammu & Kashmir Start-up Policy- 2024-27' will also provide patent-related assistance, financial assistance for mentorship to recognised start-ups, facilitation for department for promotion of industry and internal trade (DPIIT) registration and additional need-based support to start-ups working in diverse fields, Sinha said in Jammu.

India will, in next five years, join the high-stake global stage of semiconductor manufacturing as it combines unparalleled design capabilities with USD 10 billion of incentives to draw manufacturers to set up new fabs and units that will cut dominance of Taiwan, South Korea and China, said IT and Telecom Minister Ashwini Vaishnaw.

A frenzy over AI technology has stoked a monster run in Nvidia shares. Major stocks indexes are clinching repeated records. And even bitcoin is threatening to set a new high. In times like these, financial advisers caution clients not to let a fear of missing out drive their decision-making. They encourage them to diversify their holdings and stick with dollar-cost averaging.

On 27 January, Byju’s launched a rights issue or an issue where a company raises capital from only existing investors. This put General Atlantic, a global PE fund with $83 bn in AUM, in a quandary- to invest more or refuse. It invested nearly $400 mn in Byju’s. It may turn to dust. While that would be a big blow, General Atlantic is counting on big payoffs from other investments.

So far, most of the companies in India were incubated by a set of controlling shareholders who continued to have a controlling stake and to control the board inspite of going public. Alternatively, whenever there was a need to create a publicly held institution for a specific purpose like a financial institution, stock exchange or a payment settlement company with an independent board.

Revenue of REA India — owner of Housing.com and PropTiger — rose 21 per cent to Rs 238 crore during latest July-December period on strong demand of residential properties, its CEO Dhruv Agarwala said. The company would continue to invest in new products, technologies and branding-marketing activities to further grow its business and establish a significant lead against competitors, he said.

Foreign institutional investors (FIIs) turned buyers in February, purchasing around Rs 1,538.88 crore worth of shares. The foreign investors shopped for Indian shares even though the 10-year US treasury note yields hovered around the 4.25 percent mark. Foreign portfolio investors (FPIs) divert funds from India and other emerging markets to US bonds when yields rise.