Refex Industries has seen a remarkable rise in its stock value, increasing by 16,000% over the last decade and turning a Rs 10,000 investment into nearly 16 lakh. While it has recently underperformed, it still holds promise with analysts recommending holding or buying with potential targets of 760 and 1000 in the coming quarters. The company specializes in manufacturing and refilling environment.

The Chief Secretary of Delhi has reported to the National Green Tribunal that 82% of sewage in Delhi is being treated, with the remaining coming from unauthorised colonies. Out of 1,799 such colonies, 1,031 are connected to treatment plants and more are set to be connected by November. A high-level committee has directed authorities to expedite the process for remaining colonies and find solution.

India's economy is expected to continue its strong growth of 6.7% in FY 2024 and 6.2% in FY 2025, despite global challenges like geopolitical changes. The first Advance Estimates of National Income for 2023-24 has placed the macroeconomic growth at 7.3%, with a nominal GDP growth of 8.9%. This growth is supported by factors such as renewed capex cycle, well-capitalized banking sector.

In 2023, gold prices reached new highs while silver remained flat due to factors such as a strong Indian rupee, expectations of physical demand, and a rally in gold. Its traditional role as a safe asset during uncertain times is diminishing, but demand from the growing electronic and renewable energy industries in China is expected to continue. Silver faces a deficit for the third consecutive year

Nearly 200 beneficiaries of Pradhan Mantri Awas Yojana in Raipur protested at the RMC headquarters, accusing the civic body of cheating them by providing old and inadequate flats. They also complained about a private school illegally occupying land meant for their playground. The RMC has promised to investigate the matter and take necessary action.

When you start your career or your salary is low, you may think that saving money and creating a retirement corpus are not my cup of tea. You may think that even if you save money, it will be low and insufficient to create a large corpus. But you are wrong. Saving money is a habit. People with large paycheques may have spendthrift ways and may not save at all.

Interim Budget 2024, presented by FM Nirmala Sitharaman, focused on continuing the government's goal of inclusive growth and development. The policy intentions for the future were highlighted, with a plan to achieve a 5.1 percent GFD/GDP in FY25 and a target of 4.5 percent FD/GDP for FY26. The budget showed a emphasis on outcomes rather than outlays, with a focus on boosting farmers.

The budget is fiscally responsible and growth-oriented with focus on long term development. 10/10 rating. Focused spending to boost sectors like EVs. G Pradeepkumar, CEO of Union Asset Management Company, rates the budget 10/10 as it shows fiscal discipline and focuses on long-term growth rather than short-term populism. It reaffirms their confidence in the prospects of the electric vehicle.

Orient Green Power plans to raise Rs 250 crore through a rights issue after revising the proposed size downwards. This renewable energy company has seen a surge in its stock price, driven by the government's focus on green energy in the Budget. It has also announced plans to develop solar projects in Tamil Nadu. For the quarter ended September 2023, the company reported a net profit of Rs 75 cr.

Tata Motors reported a two-fold increase in consolidated net profit at Rs 7,025 crore for Q3 FY24 due to high demand for vehicles in India and growth in Jaguar Land Rover models. Revenue also surged by 24.9% to Rs 110,577 crore. Analysts expected a 54% rise in net profit and 22% increase in revenue. Operating margin expanded to 13.94%. Domestic sales of MH&ICV and passenger vehicles increased.

The market reacted positively to the Interim Budget presented by Finance Minister Nirmala Sitharaman on February 1, with the Nifty hitting a new high. This budget was seen as a continuation of current policies and there were no major surprises. However, there may be concerns about a decrease in capex spend in the coming years, which could affect largecaps.

InterGlobe Aviation Ltd, the parent company of IndiGo, reported huge profits in the December quarter due to strong demand for air travel and a fuel surcharge introduced in October. Net profit rose 111% to Rs 2,998.12 crore while revenue surged by 30%. The airline carried 243.10 lakh passengers and had a market share of 62.1%, an increase from the previous year.

The Indian rupee slightly higher on Friday as dollar demand from state-run banks and importers eroded early gains on a fall in U.S. bond yields and positive sentiment following the presentation of India's federal budget.The rupee closed at 82.9175 against the dollar, compared to its previous close of 82.9650. For the week, the currency rose 0.2%.

The benchmark equity index Nifty 50 ended Thursday's trading session on a positive note after touching a lifetime high of 22,126.80. The NSE Nifty 50 closed 156.35 points or 0.72% higher to settle at 21,853.80 points. While S&P BSE Sensex gained 440.33 points lower or 0.61% to settle at 72,085.63 points. Flipping the trend, the sectoral-indice Nifty Bank lost 217.70 points.

The benchmark indices rose over a percent with the Nifty hitting a new high of 22,00o but failed to hold on to the gains and ended off the day 's high on February 2. The Sensex was up 440.33 points, or 0.61 percent, at 72,085.63, and the Nifty was up 156.30 points, or 0.72 percent, at 21,853.80.About 1,955 shares advanced, 1,753 declined and 86 remained unchanged.