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.

Niraj Kumar, Chief Investment Officer of Future Generali India Life Insurance Company, cautions investors about the risks associated with the fintech space and advises them not to follow the market euphoria blindly. He believes that the power sector is attractive with increased budget allocation and focus on renewable energy, while sectors like infrastructure, construction, cement, auto.

Oil prices fall in early Asian trade as Israel concludes strikes in Gaza, lessening concerns about Middle East supply. Geo-political risks increased prices by 6% last week, but news from the US eases worries. Higher demand may be moderated by potential interest rate increase. Most Asian markets remain closed for holidays, with trading expected to be thin.

Adani Realty and L&T Realty are the top contenders for a prime 24-acre land parcel in Mumbai's Bandra Reclamation, worth over Rs 30,000 crore. As per the eligibility criteria set by Maharashtra State Road Development Corporation (MSRDC), only single entities with a minimum consolidated net worth of Rs 15,000 crore can bid for the project. This has deterred big developers from participating.

📌ONGC recorded consolidated profit of Rs 9,536 cr for the quarter ended Dec FY24. 📌Tata Power Company recorded net profit at Rs 1,076 cr for the third quarter of FY24. 📌Hero MotoCorp has recorded net profit at Rs 1,073 cr for the quarter Dec FY24. 📌IRFC has recorded net profit at Rs 1,604 cr for the third quarter of FY24. 📌Easy Trip Planners approved to open a 5-star hotel in Ayodhya.

Ashok Leyland is expanding its network in the North and East regions of the country. It plans to launch electric LCVs in the coming months and has reported record financial performance for the past nine months. The company has tied up with TVS Group to expand its presence in the National Capital Region and aims to have 1,000 authorized service centers and dealerships in the future.

UPSIDA is conducting a mega e-auction of 84 industrial plots ranging in size from 2,426.97 sqmt to 53,563 sqmt across key districts in UP. These plots will serve as hubs for industrial, warehousing, commercial, and flatted factory operations, with a nominal EMD of Rs 50,000. The auction process is aligned with the state government's vision for robust industrial growth.

Fintech firm One97 Communications, which owns the Paytm brand, has reassured merchants that their services will continue without disruption despite the recent crisis surrounding its associate company Paytm Payments Bank Limited. The company received support from key industry players like Arvind Limited and BIBA Fashion, solidifying its role in India's fintech revolution.

The stock market is expected to continue consolidating in the coming days, with support at 21,600-21,500 and resistance at 22,050. Experts say that if the index breaks support, selling pressure may extend to 21,300, but surpassing resistance could lead to a new high. On February 9, the BSE Sensex rose 167 points to 51,595, while the Nifty 50 was up 64 points to 21,783.

Akums Drugs and Pharma is planning to raise funds through an IPO, with a combination of fresh issue of equity shares and offer-for-sale by promoters and existing investors. The company intends to use the proceeds to repay debt, fund working capital, pursue acquisitions, and for general corporate purposes. It is a CDMO providing pharmaceutical products and services in India and internationally.

India's Unified Payments Interface (UPI) will be launched in Sri Lanka and Mauritius on Feb 12, expanding its reach beyond the existing countries where it is already accepted or linked to their fast-payments network. PM Modi, Presidents of SL & Mauritius, and CB governors will launch this service which will also include RuPay card services in Mauritius.

Bajaj Finance's underperformance in the market is causing confusion among investors and analysts. While some brokerages remain optimistic about its future, others have a sell rating on the stock. The company's performance has been impacted by sluggish deposit growth, higher cost of funds, and increased competition in the financial sector.

Indian Emulsifier Ltd, a specialty chemical manufacturer, has filed for an IPO to raise funds, with a price band of Rs 115-128 per share. GJNX Ventures, backed by Gunavanthkumar Vaid, holds a 1.80% stake in the company. The proceeds will be used for capital expenditures, and the company has reported positive financials with EBITDA margins at 22.99% for December 2023.

Trichy corporation seeks 6.9 crore from Tufidco for 3,759 new street lights in peripheral areas. 60% of total street lights allocated to peripheral areas in preparation for city's expansion. Different capacities of energy-efficient LED bulbs will be used. Officials considering residents' demands for high-power lights but maintenance costs and electricity expenses must be taken into account.