Blackstone Inc. plans to more than double its holdings of Indian warehouses and may eventually take the logistics business public as the asset manager increases its bets on the world’s fastest-growing major economy. The New York-based firm may boost the warehouse space to at least 100 million square feet in India in two to three years, according to Kathleen McCarthy.

European shares moved lower on Tuesday as pledges by China to transform its economy amid stuttering growth failed to impress investors, while markets grew cautious ahead of a string of euro zone and U.S. economic data. The pan-European STOXX 600 was down 0.3% by 9:10 GMT, after settling just below all-time highs on Monday.

Registration of more than 13,000 real estate agents has lapsed in Maharashtra, a list issued by Maharashtra Real Estate Regulatory Authority (MahaRERA) shows. The real estate authority has cautioned homebuyers against doing business with such agents. Since its inception in May 2017, MahaRERA had made it mandatory for all real estate agents to register with it.

The rupee settled 1 paisa higher at 82.89 (provisional) against the US dollar on Tuesday amid a strong greenback against major rivals overseas and a negative trend in equity markets. The Indian currency remained under pressure due to volatile crude oil prices and persistent foreign fund outflows, according to forex traders.

The Nifty index closed at 22405.6, down by 0.22% for the day. Throughout the day, the Nifty reached a high of 22416.9 and a low of 22269.15. Similarly, the Sensex traded between 73915.54 and 73412.25, closing 0.26% lower at 73872.29, which was 195.16 points below the opening price.The Midcap index performed worse than the Nifty 50, with the Nifty Midcap 50 closing 0.48% lower.

Total funds raised through loan securitisation by small finance banks (SFB) is expected to exceed Rs 10,000 crore in the financial year 2023-24 (FY24), ratings agency ICRA said on March 5. Citing the record number of lenders tapping the market to raise funds, ICRA said that the October-December quarter of FY24 witnessed record quarter securitisation volumes of around Rs 4,200 crore.

The China+1 theme, which saw companies worldwide explore alternatives to supplies from China, was seen as a big growth opportunity for India. A few years on, however, those expectations have been belied, at least in the chemical sector. Indian chemical companies are struggling to cope with a demand downturn and the burden of aggressive capex plans.

Singapore's competition watchdog said on Tuesday it has approved the merger between Air India and Vistara, a joint venture between Indian conglomerate Tata Group and Singapore Airlines, subject to certain conditions. Singapore's flagship carrier had announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant position as a bigger full-service airline.

Paytm founder Vijay Shekhar Sharma voiced confidence that his digital payments pioneer will overcome regulatory setbacks in India this year and stage a comeback as a stronger company. “The biggest thing that I’ve learned is that many times your teammate and adviser may not be getting it correct,” Sharma said at a financial technology conference in Tokyo Tuesday.

The Ministry of Power has asked all generating companies to continue blending imported coal in thermal power plants till June 2024 instead of March. “In order to meet the power demand during the crucial summer months and to ensure uninterrupted power supply across the country, adequate coal reserves in domestic coal-based (DCB) plants need to be maintained by all the Central/ State Gencos.

National Skill Development Corporation (NSDC) and Medhavi Skills University (MSU) have signed a Memorandum of Understanding (MoU) to fast-track the convergence of the skilling ecosystem with Higher Education as per the mandate of the new National Education Policy 2020 (NEP 2020). The partnership focuses on empowering the large network of NSDC Skill Training Partners across India to align.

If there are changes with regards to name, address or other details that you want to introduce in your EPF account, then you carry out the change by filling out the joint declaration form online. This is known as ‘joint’ because it is combined that the employee and employer sign in order to incorporate changes.What is a joint declaration form?

📈 Domestic benchmark indices closed on a flat note on 5th March 2024. 📢 At 3:30 PM, the Sensex declined 195.16 points or 0.26% at 73,677.13, and the Nifty was down by 49.30 points or 0.22% at 22,356.30. 📊Among sectoral, Nifty PSU Bank (⬆️2.56%) turned out to be the best performer while Nifty IT (⬇️1.59%) saw considerable selling.

Stock split effect: Investing in stocks is like investing in a business. Hence, one should try and hold a stock as long as one can. This rule applies to both primary and secondary market investors. A long-term investor not just earns from stock price appreciation but from various other rewards that a listed entity declares from time to time. These rewards can be in the form of bonus shares.

Kerala-based automobile dealer Popular Vehicles and Services has decided to launch its maiden public issue for subscription next week on March 12. The price band will be announced tomorrow, i.e. March 6. The public issue will close on March 14, while the anchor book will be opened for a day on March 11. The IPO comprises a fresh issue of shares worth Rs 250 crore by the company.