Delhi High Court expresses concern about the failure of authorities to stop unauthorized construction near historically important monuments. It may order a CBI probe to investigate lapses by all authorities involved. The court notes that this lack of action could lead to complete lawlessness in the city and cause the entire system to collapse. The issue was raised in a PIL filed by an NGO.

Paytm's shares fell by 9% on Friday as hopes for a quick solution to regulatory issues faded. The RBI has taken a tough stance against the fintech company for non-compliance and is considering canceling its license. Paytm's founder met with RBI and the Finance Minister to discuss the matter, but the uncertainty has caused a loss of Rs 22,000 crore for investors.

IRCTC's stock price rose on February 9 after it announced a partnership with the Uttarakhand government to launch Bharat Gaurav Tourist Trains. These trains aim to bring travelers from across India to visit lesser known destinations in Uttarakhand. UTDB will cover operating costs and IRCTC will handle bookings and tour packages. The company's board will also meet on February 13.

Brokerage firm Jefferies downgraded ITC to hold and upgraded Lupin after their Q3 results. Macquarie maintained an underperform rating for Zomato and an overweight rating for Page Industries. Jefferies believes that the factors that drove ITC's growth have played out and there is uncertainty due to upcoming budgets and BAT's plans to sell stake. Lupin's recent India growth and lack of competition.

Indian stock trading volumes have surpassed Hong Kong's, highlighting a strong positive outlook on Indian equities despite rising concerns over valuations. This is in contrast to China's slowing growth and economic challenges. Despite potential pullbacks, experts are bullish on India's growth prospects and advise investors to remain positive.

Indian benchmark indices the Sensex and the Nifty started February 9 trade a tad higher supported by gains in heavyweights such as Bajaj Finance, Reliance Industries, SBI, TCS, Titan, and Asian Paints. The market would continue to trade sideways in the near-term, with the Nifty moving within a broad range of 500-600 points. The level of "21,500 should act as a strong support zone.

Paytm's shares fell by 8% on February 9 after reports of its acquisition of Bengaluru-based Bitsila. The stock had already closed 10% lower the previous day and has been under pressure since RBI directed Paytm Payments Bank to stop certain transactions from Feb 29. The company is currently finalizing the deal with Bitsila, the third largest seller side platform on ONDC.

On February 9, Rail Vikas Nigam Limited (RVNL) stock opened 5% lower after reporting a 6.2% drop in net profit for the December quarter. The company's revenue increased by 6.4%, but EBITDA fell by 9.6%. RVNL also won a bid for a Rs 251-crore power project in Jabalpur. Investors are advised to seek expert advice before making any investment decisions.

BHEL's stock rose by 1.39% after receiving a Rs 5,500-crore order from Haryana Power Generation Corp Ltd. The company will set up a unit at DCRTPP and also be responsible for the building and commissioning process. A board meeting will be held on Feb 13 to approve quarterly results. In January, BHEL received an EPC package for a project in Odisha. The stock has touched both a 52-week high.

India's top insurance company, LIC, saw a 6% increase in shares, reaching a market valuation of Rs 6.99 lakh crore and placing it fifth among the country's most valued companies alongside Reliance Industries, TCS, HDFC Bank, and Infosys. This milestone marks the first time LIC has surpassed Rs 7 lakh crore, solidifying their position as a major player in the financial sector.

Yesterday, following the RBI's decision to maintain interest rates and inflation forecast, Indian benchmark indices saw a slight increase led by Reliance Industries and ICICI Bank. The Sensex and Nifty50 were up 0.20% and 0.21% respectively. However, blue-chip stocks dropped after RBI's hawkish comments. LIC shares rose 6.2% and Zomato shares were up 5%. Nifty Bank, Financial Services, IT.

Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (Sebi) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund). The proposed AIF aims to raise up to Rs 300 crore through private placement, including Rs 150 Crore Green Shoe Option.

There is a very good reason for them to do it. They have taken the biggest hit, and it's a publicly listed company. The market will decide these things. In an interview with Moneycontrol, Petroleum and Natural Gas Minister Hardeep Singh Puri stated that India's increasing energy demand, along with global weakness, has attracted both local and international investments.

The investment firm held 517,058 equity shares in the company as of December 2023. Polyplex Corporation: Dinesh Bhatia has resigned from the position of an independent director of the company with effect from February 8, 2024, due to personal reasons. Essar Shipping: CARE Ratings has reaffirmed CARE-A rating assigned to the long-term bank facilities aggregating Rs 215 crore.

On Thursday, equity markets saw selling pressure as the RBI remained cautious on rate cuts due to rising inflation. Nifty's short-term trend has turned down and it may weaken further, but the near-term uptrend remains intact. India VIX rose 2.08%. 12 stocks were in F&O ban. Foreign portfolio investors sold shares worth Rs 4,933 crore while DIIs bought shares worth Rs 5,512 crore.