GMR Airports, which operates facilities in Delhi, Hyderabad, and North Goa, raised ₹2,250 crore through listed bonds at a rate of 13.275% last week. The company aims to use the funds to refinance debt and invest in its subsidiaries and joint ventures. Despite having a net debt of ₹25,000 crore, GMR has been able to secure competitive interest rates for its airport assets.

Sebi has issued guidelines for returning and resubmitting draft offer documents to ensure completeness and compliance with disclosure rules. This will lead to timely processing and clarity for investors in public and rights issues of securities. The circular states that there will be no fees for resubmission. Adequate disclosures and timely processing are crucial for a vibrant primary market.

Indian companies are seeing a shift in ownership with domestic institutions gaining more influence in the stock market, as DIIs have been increasingly buying shares while foreign ownership has decreased. This trend is attributed to record flows into mutual funds and pension funds, and it is expected that DIIs will overtake FIIs in the coming quarters. Investments through systematic investment plan

Mumbai: Tata Consultancy Services crossed ₹15 lakh crore in market capitalisation on Tuesday, becoming only the second Indian company to do so after Reliance Industries. Overall strength in the technology space helped shares of the flagship company of the Tata group surge 4.4% intraday to a lifetime high of ₹4,149.9, before closing 4% higher at ₹4,136 on the NSE.

Tesla's German plant produced 6,000 cars in a week for the first time shortly before it halted production in late January because of a component shortage, the plant's director told Tagesspiegel in an interview published on Wednesday."We cracked that milestone," director Andre Thierig was quoted as saying in the interview, adding the two-week production stop.

Indian stock market continues to rise for the second consecutive day, led by Reliance Industries and banking & financial stocks. BSE Sensex up by 0.40%, Nifty50 up by 0.44%. Top gainers include Axis Bank, SBI, Asian Paints, Titan, and M&M while Power Grid, Infosys, Wipro, HCL Tech, and Tech Mahindra open lower.

One 97 Communications, the parent company of Paytm, saw its stock prices rise by 9% after founder and CEO Vijay Shekhar Sharma met with RBI officials and Finance Minister Nirmala Sitharaman. Despite concerns over money-laundering and KYC violations, investors are still optimistic about the company's ability to address these issues.

Lupin shares rose by 0.90 percent and hit a 52-week high of Rs 1,605 after receiving USFDA approval for a drug to prevent pain in cataract surgery patients. The company's first-to-file product will be manufactured in India. Lupin's board will meet today to review their financial results. Earlier this week, the company also received approval for a tablet that reduces risk of hospitalization.

The Kotak Mahindra Bank stock gained nearly 1 percent at the open on February 7, a day after the CCI approved acquisition of 70 percent stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company. At 9:20am, the stock was trading at Rs 1,803. Follow our market blog for live updates On February 6, the Competition Commission of India (CCI) said that it had approved acquisition.

Representative ImageNAGPUR: The Maharashtra govt may consider giving relief to those nazul property lessees who have breached the lease conditions, as per sources present at a meeting held in Mumbai chaired by deputy CM Devendra Fadnavis and revenue minister Radhakrishna Vikhe-Patil. While the govt seemed positive to provide the relief, it shall become official only after a GR is issued.

Builders Amit Wadhwani and Vicky Wadhwani have been arrested by the Mumbai Economic Offences Wing (EOW) for cheating and forgery, with their partner Lalit Dharmani still at large. This is the third case in which Wadhwani has been arrested and they were charged with cheating, forgery, and criminal breach of trust. The complaint was made by Yogesh Lakhani, film producer.

Representative ImageMUMBAI: Bank has picked up over 81,300 sq ft office space in the Parle Product Factory Compound located in Mumbai's western suburb Vile Parle through a lease for five years with a starting monthly rent of Rs 85.37 lakh.The agreement for the office space on ground plus three floors includes a clause to escalate rentals by 12% after initial three years from the lease commencement

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 208.44 points or 0.29% at 72,394.53. Nifty is higher by 74.45 points or 0.34% at 22,003.85. 📈 Britannia (⬆️2.54%), and Nifty PSU Bank (⬆️2.13%) appeared as the top performers on the Nifty50 at the open.

The housing ministry has asked state governments to implement the "Gujarat model" for effective recovery of dues from errant developers. Two officers have been appointed in Gujarat Rera with power to issue recovery warrants, leading to arrest and detention of defaulting builders. The ministry has also suggested designating additional district magistrates as recovery officers.

Adam Neumann, former CEO of WeWork, is seeking to buy back the company or its assets through his new real estate company, Flow Global. This development comes after the flexible workspace provider filed for bankruptcy in November. Third Point, a hedge fund run by Daniel Loeb, may potentially help finance the deal. WeWork stated that it routinely receives expressions of interest but remains focused.