Many big and small businesses are playing a cat-and-mouse game. Some are taking an aggressive stance, while most are waiting it out, knocking on the government's doors, as a well-meaning, yet unsettling, law aims to move the wheels of commerce faster. Under the law - Section 43B(h) of the Income Tax Act - whose impact would be felt for the first time this year, a business entity failing to pay.

Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital.The round comprises $18.5 million in fresh equity and the remaining in venture debt from Lighthouse Canton and Stride Ventures.The funds will be used for global expansion and to enhance its offerings for property manage.

Dhanlaxmi Bank is facing a critical situation as they need to raise capital urgently to avoid action from the Reserve Bank of India. The bank has been struggling with internal issues, including top-level management disputes. While the bank has recently seen improvements in asset quality and stability in leadership, their weak capital ratios have put them in a race against time to raise enough.

The National Company Law Tribunal (NCLT) has dismissed a petition against the resolution plan of Chemhub Tradelink for bankrupt Pancard Clubs with over 1.5 million timeshare subscribers. This came after the court recommended using this case as a guideline for appointing a single insolvency professional as the authorised representative of a large number of financial creditors.

Former Indian cricket team captain Kapil Dev has bought a 16-acre land in Karjat taluka, his second purchase in the area. The land is spread on both sides of the road and costed him Rs 8 crore. Due to higher ready reckoner rate, he had to pay additional stamp duty of Rs 1.03 crore. He had previously bought a 25-acre land in Kothimbe village. Commercial secrecy was maintain during the registration.

Like other commodity exchanges, the National Commodity and Derivatives Exchange (NCDEX) is looking to launch options on futures contracts in select agricultural commodities. These will replace existing options on goods contracts, which are being phased out due to low liquidity. The exchange faces regulatory requirements for launching these new contracts, including a minimum average daily turnover.

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 24.39 points or 0.03% at 71,571.10 and the Nifty was up 15.05 points or 0.07X% at 21,767.45. 📢Dr Reddys Labs(⬆️1.88%) and Nifty IT (⬆️0.98%) appeared as the top performers on the Nifty50 at open. ONGC, Hero Moto, MCX stocks in focus today!

The Indian Supreme Court has sometimes been described as the most powerful apex court in the world. Whether or not that’s true, the credibility of another storied institution, India’s central bank, is unquestionably at its peak, though no one has yet described it as the world’s most powerful in its category. “Over the years, the Reserve Bank of India has established itself as an institution.

Foreign investors continued to sell equities, while buying sovereign debt in February. Systematic investment plan accounts saw a record-high surge of 2.8 million in January, indicating growing preference for mutual fund investments. Talks between Reliance and Disney for a merger are entering the last phase, creating India's largest media and entertainment business.

IMF says Middle East economies struggling, Tesla cuts Model Y prices, Cisco to lay off employees, EU relaxes fiscal rules, Bezos sells $2 billion in Amazon shares, Musk under SEC investigation, Disney profits climb in Q1FY24, SAP and chairman mutually agree to part ways, Bitcoin nears $49,000 amid ETF excitement, Google renames chatbot Bard to Gemini. All this and more on this edition of World St.

Benchmark indices closed higher on Friday, with the Sensex rising 167 points and the Nifty climbing 64 points. Stocks that were in focus included RVNL, BEML, and Swan Energy. Analysts recommend buying RVNL if it breaks above Rs 300, with a target of Rs 320 or higher. BEML may face resistance at Rs 3600, but could reach Rs 3800. Swan Energy has seen a breakout and investors can buy at current level

Gold prices were steady amid thin trading due to holidays, following a drop last week linked to increased US Treasury bond yields. Investors are awaiting remarks from Fed officials and key economic data this week. Despite some speculation of a rate cut, most traders do not expect one until May. Lower interest rates tend to benefit gold as it decreases the cost of holding non-yielding assets.

Oil prices fell in early Asian trade on Monday after Israel said it had concluded a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

Homebuyers in Gurugram protest against the delayed completion of Tashee Capital Gateway project, which was launched in 2010 with a deadline of 2015. The project was later taken over by SWAMIH, but progress remains slow despite homebuyers paying 90-100% of their flat costs. Some have approached NCDRC and HRera for help, but no action has been taken.

Buyers of Mahira Homes in Gurugram's sector 68 are demanding temporary accommodation or rent compensation of Rs 25,000 per month while they wait for their delayed housing project to be completed. Despite attempts to resolve the issue with authorities, the developer has failed to resume work and only 60% of the construction has been completed since its inception in 2018.