After 34 years, Japan's Nikkei 225 index is close to reaching its record high from 1989. This has implications for shareholders, but it also highlights the flawed nature of solely relying on stock investing as a measure of success, in both Japan and the U.S. The celebration is obvious as the country’s stocks have soared—with the Nikkei almost exactly matching the S&P 500 in dollar terms.

A builder has filed a petition in the Bombay High Court seeking to quash FIRs filed against him for allegedly cheating flat purchasers in a housing project in Taloja. He claims innocence and that the FIRs are false and malicious. His arguments were opposed by a welfare association representing over 1700 flat purchasers, and the court is not inclined to grant him relief.

Yamuna Authority offers to reinstate land to Jai Prakash Associates Ltd (JAL) if the developer pays Rs 200 crore upfront. The government may extend a rehabilitation package to JAL for its stalled residential projects in the Sports City zone. 9,000 homebuyers are also waiting for their flats. JAL has requested for reinstatement of land, and the Authority has agreed on a conditional restoration.

GOCL Corporation's promoter Hinduja Capital is planning to lower its stake by about 1% in the company, bringing it down to about 72.83%. This move will allow GOCL to expand its business in the defence sector as it meets the necessary FDI limits. The company has been preparing to take advantage of the increased limit of 74% for FDI in the defence sector.

Juniper Hotels, owner of Hyatt-affiliated hotels, to debut in primary market with Rs 1,800 crore IPO on Feb 21. Plans to use proceeds to repay loans, reduce debt-to-equity ratio, and improve financial performance. Recorded losses in past 3 years due to high interest payments, but expects savings after loan repayment. Has highest debt-to-equity ratio among peers.

Amazon is now officially part of the Dow Jones Industrial Average, replacing Walgreens Boots Alliance after a 3-for-1 stock split by Walmart prompted changes to the index. Unlike the S&P 500 and Nasdaq, the Dow is weighted by share price rather than market capitalization. Despite joining at 17th place, Amazon's strong performance has it ranking alongside top players such as Boeing and Salesforc...

"Zee Entertainment Enterprises Ltd (ZEEL) faced a setback as capital market regulator SEBI discovered a discrepancy of ₹2,000 crore in the company's accounts. This is almost 10 times more than what was initially estimated and SEBI has summoned Zee's founders and board members for explanations. The stock has been hit hard after the collapse of the merger deal with Sony, and Zee has clarified that.

Delhi-based food company Devyani International Limited saw its stock price rise by 6% on February 21 as a significant number of shares were sold in a block deal. The stake was sold at a slight discount from the previous close, and it is speculated that Yum Restaurant India Private Ltd is the likely seller. However, bears should note that the company's quarterly profit fell by 87%.

Grasim Industries, part of the Aditya Birla Group, saw a 1% increase in its shares after Jefferies gave it a 'buy' rating with a target price of Rs 2,300. The company is set to make significant progress in its paints business with upcoming product launches and new plants. With 60% of its planned capex invested in this segment, Grasim is well-positioned in the competitive market.

India's top 10 companies, as of February 2024, comprise a diverse mix of industries and are indicative of the country's robust economic growth. Reliance Industries leads the pack with a market capitalization of 19.88 lakh crore, followed by TCS, HDFC Bank, ICICI Bank, and Infosys. State Bank of India, Bharti Airtel, LIC India, Hindustan Unilever, and ITC complete the list.

ABB India, an engineering services firm, reported a 13% increase in net profit for the fourth quarter of 2023. This, combined with a 14% revenue growth and a 35% rise in order intake, led to a 5% gain in its share price. The company's strong performance was driven by deepening engagement in diverse market segments and portfolio expansion. However, its stock has only risen 5% in the past six months

Shares of Ashok Leyland Limited rose by 2% to Rs 176 in early trade on Feb.21, as the company announced the opening of a new green mobility-focused commercial vehicle plant in UP. The modern and eco-friendly facility will initially produce 2,500 electric buses annually, with plans to increase production to 5,000 vehicles within the next decade. This expansion is in response to the growing demand.

A residential project in Gift City received a record bid of Rs 3,870 per sq feet from a lesser-known developer. The plot, situated in the domestic zone, is expected to have a development rights cost of around Rs 450 crore. With a growing interest in Gift City among developers and a world-class infrastructure, it is becoming an international smart city with interest from global banks, funds.

India's spices exports have shown growth even during challenging times. While some spices like coriander and chilli have seen significant increases, others such as jeera and turmeric have seen declines. Despite lower acreage in the 2023-24 summer season, production of crops like bajra, rice, sesame, and moong is expected to be higher due to increased area under cultivation for cereals.

On February 20, there was significant activity in the bulk deals of Tourism Finance Corporation, with promoters selling a 3.81% stake and foreign investors also selling shares. In SMIFS Capital Markets, Inter Connected Enterprises bought shares from foreign investor Indiaman Fund (Mauritius). In other developments, Jindal Saw saw a major sale by Mauritius-based FII.