Indian brokerage firm Zerodha is implementing a bold initiative aimed at fostering greater participation in government bonds (G-Secs), treasury bills (T-Bills), and state development loans (SDLs). Effective March 1, 2024, Zerodha will waive the 0.06% brokerage fee on these investment options.Zerodha announced the initiative on X (formerly Twitter), stating, "

Representative ImageWASHINGTON: Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South region, but demand for new construction remains underpinned by a persistent shortage of previously owned homes. New home sales increased 1.5% to a seasonally adjusted annual rate of 661,000 units last month.

Domestic demand has improved in January, while macro stability remains comfortable, reflecting strength in the fundamentals, stated Morgan Stanley in its recent report. Morgan Stanley economists expect India's GDP growth to "remain healthy" and to average 6.9 percent in FY24 and 6.5 percent in FY25. They also expect headline inflation to remain rangebound at 5-5.2 percent in 1QFY24.

The Supreme Court on Tuesday served a contempt notice to Ramdev-owned Patanjali Ayurved and its managing director Acharya Balakrishna for issuing misleading advertisements about health cures in violation of an earlier order.The apex also court barred Patanjali from promoting products claimed to cure diseases such as heart ailments and asthma.

Shares of oil marketing companies (OMCs) lost around three per cent earlier today after Russia announced a ban on petrol exports for the next six months. Shares of IOC, BPCL, and Hindustan Petroleum Corp Ltd (HPCL) traded lower after hitting back-to-back record highs in the last few weeks on lower international crude oil prices. India has been one of Russia's biggest buyers of crude oil.

Pune E-Stock Broking IPO price band has been set in the range of ₹78 to ₹83 apiece of face value of ₹10 each. Pune E-Stock Broking IPO will open for subscription on Thursday, March 7, and close on Tuesday, March 12. Pune E-Stock Broking IPO lot size consists of 1,600 shares. Investors can bid for a minimum of 1,600 shares and in multiples thereof. The floor price is 7.80 times of the face value

Owais Metal and Mineral Processing IPO opened for subscription today ( February 26, 2024) and closes on February 28, 2024. The IPO price band is set at ₹83 to ₹87 per share.Owais Metal and Mineral Processing ltd main interest is in metal and minerals mining and processing. It engages in the manufacturing and processing of minerals including Manganese Oxide, MC Ferro Manganese, Wood Charcoal!

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.42% and the Nifty-50 Index up 0.34%. The following penny stocks are likely to be in focus on Wednesday, February 28, 2024: 📌Eurotex Industries and Exports Ltd 📌Zenith Steel Pipes & Industries Ltd 📌Vinny Overseas Ltd.

Nifty on Tuesday ended 64 points higher to form a bullish engulfing pattern on the daily chart after two days of weakness.The near-term uptrend status of Nifty remains positive and bullish chart patterns like higher tops and bottoms are also intact. At the same time, the market is not gaining strength to witness an upside breakout of 22,200-22,300 levels decisively.

Titan Co has executed an agreement to acquire the balance 0.4% stake or 1,19,489 shares in subsidiary CaratLane. As of date, CaratLane is a subsidiary of Titan wherein it holds a 99.64% stake. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly-owned subsidiary of the company.

Even as hatchback and sedan sales are expected to remain muted in the next few quarters, robust demand for Sports Utility Vehicles (SUVs) such as Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Hyryder, Honda Elevate, etc., will continue to drive demand for passenger vehicles (PV) in the current and next fiscal.

People in Delhi will be able to get their properties that have been booked for action "regularised" by getting building sanction plans passed and "illegal constructions removed", Mayor Shelly Oberoi said, after the MCD House on Monday cleared a proposal on booked properties. The move comes months ahead of the Lok Sabha elections.

Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country. MSI Senior Executive Officer (Marketing & Sales) Shashank Srivastava said the automaker takes great care in nurturing its dealer network.

Foreign money is already pouring into Indian debt ahead of their scheduled inclusion into JPMorgan and Bloomberg's global bond indices in August and September, respectively. FPIs net bought a little over $2 bn of Indian debt in February, after having pumped in $2.5 bn last month. January’s purchases were the highest monthly inflows into the debt market in more than six years.

Inflows into Senior Citizen Savings Scheme (SCSS) have surged to over two times during the current fiscal. During the same time, mobilisation through the Monthly Income Scheme has risen up by four times, reported Business Line.“As of early February, collection through SCSS was around ₹90,000 crore. It was over ₹37,000 crore during FY23.