By Hiren Shah and Alpa Shah  Bauvard once said "Every culture has some ritual for joining two people together and making them stay that way, and ours is giving tax breaks." However, that tax benefit or tax break should be done with much clarity to avoid any uncertainty. One such clarity is required for exemption claims by sovereign wealth funds and pension funds under section 10(23)(FE).

Shares of Patanjali Foods Ltd fell over 3 percent in early trade on February 28, despite the company clarifying through an exchange filing on February 27 that the Supreme Court's observation of "misleading advertisements" over some of the products sold by Patanjali Ayurved Ltd will not affect its business as it is a separate listed entity.

Bharat Highways InvIT IPO opens for subscription today (Wednesday, February 28), and will close on Friday, March 1. Bharat Highways InvIT IPO raised ₹825.97 crore from anchor investors on Tuesday, February 27. The company notified the exchanges that it allocated 8,25,97,350 equity shares at ₹100 apiece. Bharat Highways InvIT IPO price band has been set in the range of ₹98 to ₹100 per equity share.

Shares of Bharti Airtel gained 1 percent, opening at Rs 1,143.55 on the NSE on February 28, in the hope of a rise in average revenue per user (ARPU). The stock had closed 1.19 percent higher at Rs 1,123.30 in the last session. Follow our market blog for live updates In an interview with Moneycontrol on February 27, Bharti Enterprises Chairman Sunil Bharti Mittal said that the ARPU of Bharti Airtel

The market regulator has proposed two exemptions to the additional disclosure framework for foreign portfolio investors (FPIs). In a consultation paper dated February 27, the Securities and Exchange Board of India (Sebi) has stated, "The first proposal is to exempt Category I University Funds and University related Endowments FPI that meet certain objective criteria from the requirement.

Juniper Hotels' share price which saw almost a flat debut on the bourses on Wednesday, nevertheless gained well post-listing. On NSE, Juniper Hotels' share price was listed at ₹365 per share, 1.39% higher than the issue price of ₹360. On BSE, Juniper Hotels' share price today opened at ₹361.20 apiece, up 0.33% from the issue price. Juniper Hotels' share price post-listing, however, gained 10%.

Overseas investors were sellers to the tune of ₹23,441 crore across 10 sectors between February 1 and 15, as per data from National Securities Depository Limited (NSDL) as they shifted money from financials, construction, and power to information technology and healthcare. Financial services witnessed the highest outflows from foreign investors who sold shares worth ₹7,536 crore.

The Adani group has embarked on a series of overseas roadshows for bondholders to bolster investor confidence around its businesses before fresh bond sales, two people close to the development said, requesting anonymity. Signalling the group’s return to the international bond markets after the Hindenburg crisis last year, Adani Green Energy Ltd (AGEL).

EaseMyTrip on Tuesday announced that it along with Jeewani Group has solidified a strategic partnership with Radisson Hotel Group to develop a 150-room Radisson Blu Hotel in Ayodhya.A greenfield project, Radisson Blu Hotel, Ayodhya, is expected to open in 2027. The hotel is strategically located within two kilometres of Shri Ram Mandir, Ayodhya, the travel booking platform said.

State Bank of India (SBI), the country’s largest lender, is unlikely to utilise the enabling provision to raise nearly Rs 11,900 crore through additional tier-I (AT-1) bonds due to pricing issues in the current fiscal, sources told FE. “We had taken the approval to raise Rs 20,000 crore via AT-1 bonds but looking at the redemptions that were due this year, we have completed requirement.

Buy or sell stocks for today: Domestic benchmark equity indices Sensex and Nifty 50, ended higher in the previous session amidst a choppy trading session led by gains in information technology (IT), auto, pharma, and realty stocks. The 30-share BSE Sensex ended higher by 305.09 points or 0.42% at 73,095.22 level while the Nifty 50 closed at 22,198.35 level, up 76.30 points or 0.34%.

The market broadly continued with its higher-high, higher-low formations on the daily charts, indicating the possibility of another leg of rally towards the 22,500 mark in the coming sessions. But for that, it needs to break the consolidation range of 21,950 to 22,300 on the higher side. The immediate support for the Nifty 50 is seen at 22,000 and crucial support at 21,950.

Shares of Torrent Power Limited gained almost 4 percent to Rs 1,190 in morning trade on February 28 after the company announced that it bagged a project for the evacuation of power from renewable energy projects in Solapur, Maharashtra, marking its foray into the transmission segment. The project has been conceived to evacuate Renewable energy with a capacity of 1,500 MW from Solapur.

The National Asset Reconstruction Company of India (NARCL), that acquired Srei Equipment Finance and Srei Infrastructure Finance, has reconstituted the boards of both companies. The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank and Srei BNP Paribas, as chief executive officer.

Day trading guide for Indian stock market today: The domestic benchmark equity indices, Sensex and Nifty 50, concluded the trading session with gains despite experiencing volatility on Tuesday. The 30-share BSE Sensex ended higher by 305.09 points or 0.42% at 73,095.22 level while the Nifty 50 closed at 22,198.35 level, up 76.30 points or 0.34%.