Paint stocks came under pressure as Grasim Industries entered the space with the launch of Birla Opus in February. The flagship Aditya Birla Group company put on stream three paint manufacturing plants - in Panipat, Ludhiana, and Cheyyar - on stream the same day. Group Chairman Kumar Mangalam Birla shared the group's ambition to secure a profitable second position in paint marketing.

Haryana Shehri Vikas Parishad (HSVP) is developing only 17 new sectors in nine districts of the state, with Faridabad topping the table with five new sectors. The information was shared by chief minister Manohar Lal Khattar, who is also the HSVP chairman, in response to a query by Indri MLA Ram Kumar. Khattar denied the authority had any plans of carving out a sector in Indri.

It is possible that a single person could have substantial overall economic interest in FPI through different investment entities, each falling below threshold for UBO identification specified in the PMLA. This could cause misuse of FPI route which could lead to breach of minimum public shareholding norms or disclosure norms under Substantial Acquisition of Shares and Takeover Regulations, 2011.

ASK Property Fund will invest Rs 120 crore in a luxury housing project of realty firm TREVOC in Gurugram. ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, will invest Rs 120 crore in TREVOC's luxury residential project in Gurugram. TREVOC will be investing Rs 80 crore in the project, according to a company statement on Thursday.

Foreign institutional investors (FIIs) remained net sellers in the Indian market this month, with six sectors seeing outflows of over Rs 22,500 crore ($2.71 billion) in the first fortnight. However, the pace of selling slowed down from the previous fortnight when FIIs sold shares worth more than Rs 40,000 crore. The sector that continued to be on the hit list was financial services.

Ride-hailing platform Uber has signed a Memorandum of Understanding (MoU) with the Indian Government-backed Open Network for Digital Commerce (ONDC) for exploring mobility service integration, the firm announced at an event held in Bengaluru on February 22nd. Uber’s CEO Dara Khosrowshahi was speaking to Infosys cofounder and Aadhar architect Nandan Nilekani on building population scale technology.

Cryptocurrency analyst and trader Kevin Svenson is warning that Bitcoin (BTC) could undergo a significant correction after reaching a price last witnessed in November of 2021. Svenson tells his 72,400 YouTube subscribers in a new video that even though he remains bullish on the flagship crypto asset, Bitcoin could fall by a little over 25% over the medium term from mid-April.

S&P Global Market intelligence revised its forecast for real GDP growth in 2024 to 2.5 percent from 2.3 percent earlier, driven by an upward shift in the growth projections for the US, Canada, UK and the Euro Zone. However, it warned that the outlook on inflation remains cloudy. According to its February Global Economic Forecast Update, S&P Global Market Intelligence sees real GDP growth

History might not repeat itself, but it rhymes. The last time Japanese stocks hit an all-time high, the yen was floating around 145 to 150 to the dollar; the Bank of Japan was working on interest rate hikes amid concern over inflation, which was nonetheless modest compared with other countries. The country’s soft power was dominant overseas.

European shares rose to a record high on Thursday, boosted by a rally in global stocks that also saw Japan's blue-chip Nikkei index hit an all-time high. Europe's broad STOXX 600 index rose to 495.77 points, surpassing the 495.46 reached in Jan. 2022, as unexpectedly strong revenue forecasts from U.S. chip giant Nvidia lifted sentiment around the world.

Notwithstanding the multibagger returns that a number of PSU stocks have given in the last 2-3 years, global broking firm Bernstein says momentum and dividend yield strategies can still deliver returns in near term. Most factors in India are at record valuations on an absolute basis, however both dividend yield and momentum look attractive on relative valuations.

Stock market today: Despite weak trends in the Indian stock market today, shares of Rail Vikas Nigam Limited or RVNL and Salasar Techno Engineering Ltd opened upside in the opening bell. RVNL share price today opened upside at ₹261.90 apiece on NSE and went on to touch an intraday high of ₹262.60 apiece within a few minutes of the stock market's opening.

Reported Consolidated quarterly numbers for The Indian Wood Products Co. L are: Net Sales at Rs 44.50 crore in December 2023 down 0.04% from Rs. 44.51 crore in December 2022. Quarterly Net Profit at Rs. 0.62 crore in December 2023 down 4.45% from Rs. 0.65 crore in December 2022. EBITDA stands at Rs. 3.50 crore in December 2023 up 3.86% from Rs. 3.37 crore in December 2022.

Reported Consolidated quarterly numbers for Sarveshwar Foods are: Net Sales at Rs 229.38 crore in December 2023 up 24.72% from Rs. 183.91 crore in December 2022. Quarterly Net Profit at Rs. 4.92 crore in December 2023 up 186.72% from Rs. 1.72 crore in December 2022. EBITDA stands at Rs. 17.54 crore in December 2023 up 87.19% from Rs. 9.37 crore in December 2022.

The benchmark indices rebounded from the day’s lows to trade flat on February 22 as low-level buying was seen in several scrips, including key auto and metal names. The broader market outperformed the headline indices. At 2.05pm, the Sensex was up 79.27 points or 0.11 percent to 72,702.36, and the Nifty was up 17.20 points or 0.08 percent to 22,072.20. Market breadth was in favour of losers.