The town and country planning department (DTCP) has clarified that under the Affordable Group Housing Policy, developers are responsible for providing free maintenance services and upkeep of common areas, lifts, and sewage treatment plants. The developer can charge allottees for power, water, and garbage collection, and any repairs done after taking possession of the flat.

Gold prices are expected to close the week with their largest gain in seven weeks due to a weakening dollar and Treasury yields. U.S. jobs data will determine when the Federal Reserve may lower interest rates. Other factors driving gold's rise include concerns over the regional banking sector, low bond yields, and a potential rate cut in May as indicated by interest rate probability app IRPR.

The government plans to borrow less in the next fiscal year, resulting in a smart rally in bond markets. Yields on 10-year benchmark bond fell by 8 basis points as investors expect interest rate cuts and improved liquidity from RBI. The inclusion of Indian bonds in global indices is expected to attract foreign investment and further decrease yields.

The government's decision to lower its gross borrowings for FY25 will benefit corporate houses seeking to raise capital at competitive rates through corporate bonds. This move by the Centre, as announced in the interim Budget, has already resulted in a decrease in bond yields and is expected to make funds more accessible for the private sector. This could lead to potential growth and investment.

📌Hero MotoCorp maker recorded total sales at 4,33,598 units in January 2024, 📌Eicher Motors: sold 76,187 motorcycles in January this year. 📌RITES has registered a 12.5 percent on-year decline in consolidated profit at Rs 128.8 crore. 📌Ashok Leyland recorded sales of 15,939 units in January 2024. 📌Bata India recorded net profit at Rs 57.3 crore for the October-December period of FY24.

Finance Minister Nirmala Sitharaman delivered a pro-growth Budget on February 1, 2024, with the mantra of Sabka Sath, Sabka Vikas.The number that caught the attention of not only analysts but various numerologists as well was the capital expenditure number which was Rs 11.11 lakh crore for FY24-25.The angel number 1111 carries profound significance and guidance. It is believed to hold a message.

In many ways, Finance Minister Nirmala Sitharaman’s interim Budget sets the tone for the Viksit Bharat roadmap – with a mix of strong fiscal consolidation, robust infrastructure and an innovation-focused future. The agenda for financial inclusion remains paramount, encompassing various aspects such as food security, housing, and overall economic stability.

During the interim budget, Finance Minister Nirmala Sitharaman outlined five principles for India's growth: using social justice as a governance model, focusing on outcomes rather than outlays, prioritizing the needs of the poor, women, youth and farmers, leveraging digital infrastructure, and addressing demographic challenges. She emphasized the importance of transparency and delivery.

Five stocks -- Indus Towers Ltd, PB Fintech Ltd, EID Parry India Ltd, Tata Consumer Products Ltd and Godrej Properties Ltd -- saw a huge spurt in volumes on Bombay Stock Exchange on the Budget day. Indus Towers stock saw huge volumes with around 22.84 crore volumes and turnover of around Rs 4,841 crore. The stock saw a huge block deal, where around 19.77 crore shares or 7.3 percent stake.

The Central government has proposed to keep investments in 11 state-owned steel companies at Rs 10,325 crore in the Union Budget 2024-2025, at par with the investments proposed last year, according to budget documents. This compares to a revised estimate of Rs 10,358 crore in 2023-2024. Finance Minister Nirmala Sitharaman did not announce any outlay for the steel sector in her budget speech.

Bata India Ltd on February 1 reported a consolidated net profit of Rs 57.9 crore for the December quarter of FY24, registering a decline of 30.3 percent from Rs 83.1 crore a year back. The company's revenue stood at Rs 903.4 crore, increasing 0.35 percent from Rs 900.2 crore in the year-ago quarter, Bata India said in a regulatory filing

The target to reduce the central government's debt-to-GDP ratio to 40 percent of the GDP is a "historical relic" and needs a to be re-looked, Finance Secretary TV Somanathan has said. "That was a figure that was set before COVID. Its relevance today is something that has to be looked at completely afresh," Somanathan said on February 1 at the post-Budget media briefing.

NEW DELHI: Raymond has reported a growth of 91.92 per cent in its net consolidated profit during the quarter ended December 30, 2023. Its profit after tax stood at Rs 185.39 crore in Q3 FY24 as against Rs 96.60 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.The company's net consolidated total income stood at Rs 2,450.32 crore.

Budget announcements on February 1 will not have any impact on the current tax structures. The rates, slabs, deductions, and rules remain unchanged under both the old and new tax regimes. However, the deadline of March 31 to make tax-saver investments under the old regime is also fast approaching and there is a choice to be made. Should you opt for the new income-tax regime.

The 2024 interim budget kept focus on fiscal consolidation, announcing moderate growth in capital expenditure aimed at infrastructure development. However, it fell short of expectations for specific sectors such as automotive, defence, and fertilisers, which saw reduced allocations compared to the previous year. Not surprisingly, these sector stocks were muted in today's trade.