Business

12

Feb

By The Press Editor

0 Comments

Business

‘Better to abolish RERA’: Supreme Court slams Real Estate Regulatory Authorities, says it benefits builders

The Supreme Court criticised the functioning of RERA, saying it benefits defaulting builders and may be better abolished. The court also stayed a High Court order on shifting the RERA office to Dharamshala. New Delhi: The Supreme Court on Thursday made scathing remarks on the functioning of Real Estate Regulatory Authorities (RERA), observing that it may be better to abolish the institution as it appears to benefit builders rather than homebuyers. During the proceedings, Chief Justice of India (CJI) Surya Kant questioned the effectiveness of RERA and expressed concern over its functioning. ‘It Only Benefits Builders’ The CJI remarked that the…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Auto stock rise after 297% jump in profit in third quarter, markets remains volatile

The auto stock traded higher after reporting a 297 per cent YoY jump in Q3FY26 net profit. Revenue rose 36 per cent and EBITDA grew 30.15 per cent in the December quarter. Mumbai: Shares of Pavna Industries Limited, a supplier of auto components to passenger vehicles, two-wheelers, three-wheelers, and light and heavy commercial vehicles, were in focus after the company announced its December quarter results. The company released its Q3 results after market hours on Wednesday, and the stock traded in the green in the following session. At the time of writing the report, the stock was trading at Rs…

Read More

12

Feb

By The Press Editor

0 Comments

Business

NFO alert: HDFC MF launches Nifty India Consumption Index Fund, subscription to end on this date – Details

HDFC Mutual Fund has launched the HDFC Nifty India Consumption Index Fund. The NFO opened on February 4 and will close on February 13, 2026. Check investment details, minimum amount, and fund objective. New Delhi: HDFC Mutual Fund (HDFC MF) has launched the HDFC Nifty India Consumption Index Fund. According to the information shared, the scheme is designed to provide investors with exposure to companies expected to benefit from India’s long-term consumption growth. The New Fund Offer (NFO) opened on February 4, 2026, and will close on February 13, 2026. Investment objective and benchmark The HDFC Nifty India Consumption Index…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Budget 2026 push for Tier II, III cities and temple towns: Will it spark realty boom in Lucknow, Prayagraj?

Union Budget 2026’s focus on Tier II, III cities and temple towns, along with CER allocations and infrastructure push, is expected to boost real estate demand in Lucknow, Prayagraj, Ayodhya and Mathura-Vrindavan. New Delhi: The government’s intent to decentralise India’s growth story, shifting focus from saturated metros to Tier II and Tier III cities, as well as temple towns with rising economic significance, is likely to fuel realty growth in small cities. An allocation of Rs 5000 crore per CER over five years announced in the Union Budget 2026 is proposed for implementing their plans through a challenge mode with…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Stock under Rs 100 in focus after Rs 73 crore contract win, check full details

The shares of the company are in focus after signing a Rs 73 crore LoI for the ‘Primarc Aadvika’ project. The company also plans an NSE listing and approved a 70 per cent stake in Solar Agro-Parks. Mumbai: Shares of renewable energy player RDB Infrastructure and Power (RDBIPL) are in focus after the company shared an important business update in its latest exchange filing. The company informed investors that it has signed a non-binding Letter of Intent (LoI) with M/s Primarc Projects Private Limited for the construction of the sub-structure and super-structure of the proposed project ‘Primarc Aadvika’. Details of…

Read More

12

Feb

By The Press Editor

0 Comments

Business

330% return in 1 year: FMCG stock drops after gap up opening, check share price

An FMCG stock opened 3.79% higher but later hit the 5% lower circuit before trimming losses. The stock has delivered multibagger returns over five and three years and is under ST ASM-4 surveillance. Mumbai: Shares of fast-moving consumer goods (FMCG) started today's trading session gap up at Rs 81.70 with a gain of 3.79 per cent from the previous close of Rs 78.72 on the BSE. It gained further to hit the high of Rs 82.25, a jump of 4.48 per cent from the previous close. However, the stock witnessed a trend reversal and dipped to touch the low of…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Hospital sector stock hits fresh 52-week high despite BSE, NSE falling nearly half a per cent: Details

Park Medi World shares touched a new 52-week high of Rs 179.55 despite weak markets. The hospital stock has gained over 13% in four days and recently announced a Rs 245 crore acquisition of KPIMS. Mumbai: Shares of North India-based hospital chain Park Medi World are in action even as Benchmark equity indices Sensex and Nifty declined dragged down by heavy losses in IT stocks. Extending the previous day's decline, the 30-share BSE Sensex dropped 421.66 points, or 0.50 per cent, to 83,811.98 in early trade. The 50-share NSE Nifty fell 121.10 points, or 0.47 per cent, to 25,832.75. Amid…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Stock under Rs 50 hits upper circuit in opening session even as markets decline dragged by IT firms

A smallcap stock under Rs 50 surged 5 per cent to hit the upper circuit, extending its seven-day rally, even as Sensex and Nifty declined in early trade amid IT losses and weak US cues. Mumbai: Benchmark equity indices Sensex and Nifty declined in early trade on Thursday, dragged down by heavy losses in IT stocks amid weak cues from US markets. Extending the previous day's decline, the 30-share BSE Sensex dropped 421.66 points, or 0.50 per cent, to 83,811.98 in early trade. The 50-share NSE Nifty fell 121.10 points, or 0.47 per cent, to 25,832.75. According to analysts, rising…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Gold drops Rs 1,054, silver down by 1.6% on the MCX | Check city-wise rates

Gold futures on MCX fell below Rs 1.58 lakh per 10 grams, while silver dropped over 1% on February 12, 2026, amid a stronger US dollar. Check the latest MCX and international gold and silver prices. Mumbai: Rates of precious metals in futures trade edged lower on Thursday, February 12, 2026, as the US dollar firmed after stronger-than-expected January jobs data dented expectations for near-term interest rate cuts. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 755 or 0.47 per cent at Rs 1,58,000 per 10 grams against the previous close…

Read More

12

Feb

By The Press Editor

0 Comments

Business

From MRF to Hindustan Copper: These stocks to trade ex-date soon, check amount and record date

Several stocks including BEML, MRF, Mazagon Dock, and Axita Cotton are set to trade ex-date for dividends and bonus issues on February 12 and 13, 2026. Investors must hold shares on or before the ex-date to be eligible. Mumbai: Indian equity markets ended the volatile session on February 11, 2026, on a flat note. At the close on Wednesday, the Sensex slipped 40.28 points or 0.05 per cent to 84,233.64, while the Nifty gained 18.70 points or 0.07 per cent to settle at 25,953.85. While markets remained volatile, there is an opportunity for investors to earn some additional profit from…

Read More