Macrotech Developers, also known as Lodha, may expand its operations to a fourth city as it continues to grow in Mumbai, Pune, and Bengaluru. The company has seen success in the Bengaluru market, with plans for a second project launch in the next three months. The company is taking a conservative, step-by-step approach to expansion and plans to evaluate a fourth city.

India's equity market is expected to open negatively on Monday, with GIFT Nifty indicating a negative opening. The Nifty 50 traded down by 0.14% at 21,935 and the BSE Sensex gained 0.61% to settle at 72,085.64 on Friday. The market witnessed a roller coaster ride on Friday and ended with modest gains, with the energy, metal, and IT sectors performing well while banking and FMCG closed in red.

Government won't cut excise duty on petrol and diesel as crude prices remain high, says Revenue Secretary Sanjay Malhotra. India's crude oil basket averaged $81.04 per barrel in February, up from $79.22 in January. Current excise duty is lowest in 4-5 years. Prices have been unchanged since June 2022. Windfall tax on fuel products won't be withdrawn, government reviews it every 15 days.

hare Market News Today | Sensex, Nifty, Share Prices LIVE: GIFT Nifty traded down by 31.50 points or 0.14% at 21,935 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Shares in the Asia-Pacific region traded in mixed territory on Monday. The Asia Dow is trading up by 0.14%, where as the Japan’s Nikkei 225 is ended in green, up by 0.41%.

The Kolkata-based Apeejay Surrendra Park Hotels' IPO offers investors a chance to invest in a 55-year-old mid-sized hotel business that has a strong presence in prime locations with high occupancy rates. It follows a conscious pricing strategy and has well-planned expansion plans. The company also operates multiple restaurants, bars, and nightclubs, and has seen significant growth in its finances.

On February 2, high frequency trading firms were active in stocks like HT Media, Shipping Corporation of India, and GE Power India. These firms use complex algorithms to make quick trades and typically focus on established stocks, but have recently been active in small, illiquid ones. This may attract retail investors, as seen in the increased trading volumes on these days.

The recently announced interim Budget may not have offered any major changes to tax rates, exemptions, or deductions, but taxpayers have reason to be happy. The government has proposed to withdraw all direct tax demands up to Rs.25,000 till the year 2009-10 and up to Rs.10,000 for the years 2010-11 to 2014-15, benefitting an estimated 1 crore taxpayers.

Pune resident Aakash Gaikwad, a software professional, is looking to switch to the new tax regime that offers no deductions or exemptions. TaxSpanner estimates he could save Rs.72,000 if his company restructures his pay to include tax-free perks and enroll him in NPS. Additionally, adjusting his perks such as LTA, internet allowance and meal coupons can further reduce his tax liability.

One 97 Communications, the parent entity that owns and operates the Paytm brand, has denied media reports that it is being investigated by the Enforcement Directorate (ED). In a stock exchange filing late Sunday, the company, which owns 49% stake in Paytm Payments Bank, said, “(We) Categorically deny any investigation by the Enforcement Directorate on OCL.

Indus Towers (124.57 percent), India Cements (111.38 percent), Hindustan Copper (105.62 percent), Zee Entertainment (87.15 percent) and Steel Authority of India (82.45 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on February 5. These stocks are prohibited in the F&O sector because they have exceeded the 95 percent of the market-wide.

The Reserve Bank of India's action against Paytm Payments Bank has sparked a discussion on the proposal for a market share cap for UPI apps. Paytm, currently the third-largest UPI app, is facing troubles and this is expected to benefit PhonePe and Google Pay, the top two players. NPCI, which manages the UPI railroad, may seek RBI's approval before allowing migration of merchants.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded down by 31.50 points or 0.14% at 21,935 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 156.35 points.

Mumbai: RBI is likely to keep interest rates unchanged after its monetary policy review this week as it battles inflation, said respondents in an ET poll, but some of them said a fiscally prudent interim budget and signs of global monetary easing may prompt the central bank to soften its communication on tight liquidity conditions which have pushed borrowing costs well above policy rates.

Bank Nifty has been performing poorly compared to the Nifty, with prices showing a 'bearish engulfing' pattern on February 2. The Nifty has reached lifetime highs, but Bank Nifty is still 2,000 points lower. A close below the 'bearish engulfing' low of 45,900 would signal a downturn. The short-term support for Bank Nifty is at 45,700, with a potential move to 45,050 if broken.

Oil prices in Asia stabilised after last week's sharp falls, with Brent crude futures inching up 8 cents to $77.41 a barrel and US WTI futures remaining flat at $72.28 a barrel. The drop was partly due to stronger-than-expected US jobs data and progress in Israel-Hamas ceasefire talks, but worries over escalating tensions in the Middle East, particularly with ongoing strikes on Iran-backed groups.