SC orders CBI probe on 'builders-banks nexus'

Observing an “unholy nexus” between the banks and developers to dupe homebuyers, the Supreme Court on Tuesday directed the CBI to register seven preliminary enquiries against builders in NCR, including Supertech Limited. Source link

Only 12% Indian households can afford to buy a car: Maruti’s Bhargava

Car purchases in India are largely limited to the top 12 per cent of households with an annual income exceeding Rs 12 lakh, while even small cars have become unaffordable for the remaining 88 per cent, said R C Bhargava,

Most active equity funds beat benchmarks

Majority of equity fund managers were able to squeeze in some extra returns over their benchmarks in 2024-25 (FY25). While some managed to do so by delivering outsized returns during the equity market rally in the first half of the

High US tariffs pushing Chinese exporters to tap Indian firms

American sourcing firms and exporters in China are approaching Indian companies to supply goods to the US as high tariffs imposed by Washington are making it difficult for them to ship directly to America, apex exporters’ body FIEO said on

Dow Jones jumps 250 points ahead of Big Tech earnings, trade deal talks

US Stock Market LIVE: Wall Street futures are seeing swings between gains and losses, having reversed from the early morning lows. Futures on the Dow Jones are down 40 points, having turned positive just a few minutes earlier. At one

Sebi comes out with timelines for brokers to collect margins

New Delhi, Apr 28 (PTI) Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T 1 settlement day. The decision has been taken due to

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Benchmark BSE Sensex soared by 1,006 points to close above 80,000 level on Monday as a sharp rally in Reliance Industries and private banks, and foreign fund inflows helped stock markets cut short two days of fall amid India-Pakistan border

India draws up blueprint to reduce US trade surplus

Govt nudges industry stakeholders to raise imports from Washington Photograph: Martin Pollard/Reuters India is exploring strategies to reduce its over $40 billion trade surplus with the US – a key concern for the Donald Trump administration — to fast-track the

Accounting lapses in derivatives to cost IndusInd Bank Rs 1,960 crore in FY25

IndusInd Bank on Sunday said accounting lapses in the derivative portfolio will cost the bank Rs 1,960 crore in FY25. Photograph: Anushree Fadnavis/Reuters A bank-appointed external auditor has determined cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as

Factors that will drive the markets this week

Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts. Trading activity of foreign investors, who were sustained buyers in the Indian market last week,

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