News Overview

According to the exchange filings, the business put off paying stamp duty of Rs 23.68 crore on a plan of arrangement between Indian Rayon and Industries Ltd. that was put into effect in FY99.

Asian shares are exhibiting caution amid concerns about the situation in the Middle East, and investors are anxiously awaiting the upcoming tech company earnings reports.

The order, which includes a GST demand of Rs 129.39 crore along with interest and a penalty of Rs 129.39 crore, was issued by the Additional Commissioner, CGST, Navi Mumbai.

The company recorded a 54% year-over-year (YoY) increase in revenues to Rs 935 crore in the second quarter of fiscal year 2023–24 (Q2FY24), which ended in September.

As of the end of the September quarter, SoftBank held 2.17% of the company's shares.

On February 10 of this year, the private sector lender with its headquarters in the city declared its intention to purchase Sonata.

In a week of geopolitical tensions, it was gold that was the star asset class. Bond yields, rupee and oil look very vulnerable.

For the week, the CME Fedwatch remained static; although it now hints at no rate cuts even by the end of 2024.

FPIs selling in secondary markets continued this week, in the midst of rising global uncertainty on the geopolitical front.

The RBI MPC minutes continue to be cautious about inflation spikes, and the pause in rates could be much longer.