India Financial News

flat from renowned builders, it's generally expected that they will adhere to the agreed payment schedule. However, a non-resident Indian (NRI) residing in London encountered an unfortunate situation with Godrej Properties. The builder requested 60% payment for the flat almost six months before the initially proposed deadline in December 2017. Unable to meet the new deadline, the NRI's flat booking was cancelled in March 2018 by the builder, who allegedly forfeited the NRI's Rs 97 lakh advance payment. Despite the NRI's plea to not cancel the booking, the builder asked for Rs 3.17 lakh as reinstatement fees and Rs 9 lakh as interest in April 2018. The NRI did not agree to the above terms and asked the builder to refund Rs 97 lakh he had already paid when the agreement for sale was registered in 2016. However, the builder refused to pay any money and cited legal terms and conditions. It was later proved in MahaRERA courts that after cancelling the NRI's flat booking, the builder resold these flats to another person for 'substantially' more money. «The Promoter forfeited the amount of Rs 56,66,800/- as per Clause 13(6) of the agreements for sale and did not refund the balance amount,» alleged the NRI in MahaRERA.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence

On the occassion of the first International solar festival, Modi explained the importance of transitioning to using solar energy in the current world. Currently on a state visit to Singapore, the Prime Minister said that India is expanding its horizons in the field of solar power, and highlighted the three factors that make solar energy a sustainable solution: awareness, affordability and availability.

MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday and its weight in the EM index is knocking on the threshold to be the largest.

Indian Oil Corporation Ltd. gained 1.69 per cent to Rs 180.05 in Thursday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 3.61 points lower at 82349.03. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51 on NSE. Around 758982 shares changed hands on the counter till 10:25AM (IST).

₹16.8 crore in benefits from her ex-employer ICICI Group. ICICI Bank Ltd and Buch have denied the allegations. But Khera has intensified his charges, alleging that Buch’s post-retiral benefits from ICICI Group were higher than the salary she drew from the private lender.

Bangladesh's Chief Advisor Muhammad Yunus in an interview with PTI on Thursday attacked former Prime Minister Sheikh Hasina, who is seeking asylum in India. Younus, who is a Nobel laurate, said that the former prime minister had to keep quiet if India was to «keep her until Bangladesh wants her back». This comes after Hasina made political statements, which Yunus termed «unfriendly». «No one is comfortable with her stance there in India because we want her back to try her. She is there in India and at times she is talking, which is problematic. Had she been quiet, we would have forgotten it; people would have also forgotten it as she would have been in her own world. But sitting in India, she is speaking and giving instructions. No one likes it,» he said.

Indian Hotels Company Ltd. traded 0.68 per cent up in Thursday's trade at 11:31AM (IST). Around 72,226 shares changed hands on the counter. The scrip opened at Rs 661.15 and touched an intraday high and low of Rs 667.0 and Rs 659.45, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 672.0 and a 52-week low of Rs 371.45.

In an interaction with ET Digital, Ashvin Patil, Founder & Director, Biofuels Junction, says his company plays a critical role in the ongoing decarbonisation efforts as a supply chain partner to replace fossil fuels. Patil also explains how with the right technological solutions, India can create a more sustainable and efficient system to manage agricultural residue and promote the growth of the biofuels sector.

bromance brewing in politics? The brotherly bonding between Tamil Nadu Chief Minister MK Stalin and Congress supremo Rahul Gandhi has won hearts across the Internet. Stalin, who is currently in the United States to attract investments for Tamil Nadu, recently shared a clip of him cycling through the streets of Chicago on his X handle. The tranquil setting, along with Stalin's caption, «Evening’s calm sets the stage for new dreams,» captured widespread interest, including that of Rahul Gandhi. Reacting to the serene video, Gandhi wrote, «Brother, when are we cycling together in Chennai?». Stalin was quick to return the sentiment and invited Gandhi for a ride and a meal at his home, “Dear brother @RahulGandhi, whenever you’re free, let’s ride and explore the heart of Chennai together! A box of sweets is still pending from my side. After our cycling, let’s enjoy a delicious South Indian lunch with sweets at my home.”

Khaitan Chemicals & Fertilizers Ltd.(up 2.84%), Paradeep Phosphates Ltd.(up 2.82%), Southern Petrochemicals Industries Corporation Ltd.(up 1.94%), Agro Phos India Ltd.(up 1.20%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.88%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.79%), The Fertilisers and Chemicals Travancore Ltd.(up 0.54%), Mangalore Chemicals & Fertilizers Ltd.(up 0.49%), National Fertilizers Ltd.(up 0.48%) and Madras Fertilizers Ltd.(up 0.44%) were among the top gainers.

Suzlon Energy on Thursday jumped 2.7% to its day’s high of Rs 76.09 on BSE after the company announced that it had signed an agreement with OE Business Park (OEBPPL) for sale of its corporate office, One Earth Property. On the completion of the aforementioned sale, the One Earth Property would be leased back to the company for a period of 5 years with sub-leasing and licensing rights.

Virat Kohli, India's cricketing sensation and marketing powerhouse, has become the highest tax-paying cricketer in the country for FY2024, as per data from Fortune India magazine. Kohli's tax contributions amounted to an impressive Rs 66 crore, positioning him as the leading cricketer and the fifth highest taxpayer overall among Indian celebrities. According to Fortune India, «Virat Kohli emerged as the highest taxpayer from the country among sportspersons for the previous financial year, which ended on March 31, 2024. The star batter paid Rs 66 crore as taxes in the financial year.» His earnings reflect both his on-field success and his strong endorsement portfolio, making him one of the most marketable athletes globally. Also Read: Virat Kohli was the highest taxpaying sportsperson of FY24. Here's how much he paid

Lexus Granito(India)Ltd.(up 2.09%), MOIL Ltd.(up 1.07%), Madhav Marbles & Granites Ltd.(up 0.51%), The Orissa Minerals Development Company Ltd.(up 0.49%), Gujarat Mineral Development Corporation Ltd.(up 0.46%), 20 Microns Ltd.(up 0.26%), Ashapura Minechem Ltd.(up 0.21%) and Aro Granite Industries Ltd.(up 0.04%) were among the top gainers.

iPhone 16 series launch just around the corner, the excitement is building, and Apple is certainly capitalising on the buzz surrounding its upcoming models. The iPhone 16 lineup is also expected to be the company's first venture into integrating AI (Apple Intelligence) features, which will come with the iOS 18 update later this year. However, with these anticipated upgrades, many are bracing for a price increase, which has become the norm with each new iPhone release. Recent leaks from Apple Hub suggest that the pricing for the iPhone 16 series will reflect Apple's confidence in strong demand for the new models. Here’s a breakdown of the leaked prices:

Domestic benchmark index NSE Nifty fell 4.4 points to 25203.1, while the BSE Sensex traded 18.16 points down at 82334.48.

mutual funds have managed to outperform their respective benchmarks in August. There were 29 large & mid cap funds in the said period, out of which 25 schemes outperformed their respective benchmarks. In other words, only four funds failed to beat their respective benchmarks. Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund offered 1.81% and 2.41% returns respectively against 1.06% by their benchmark (NIFTY LargeMidcap 250 — TRI).

Narendra Modi on Thursday congratulated Dharambir and Pranav Soorma for winning medals at the men's club throw F51 final at the ongoing Paris Paralympics. The series of double podium finishes continued for India after para-athletes Dharambir and Pranav Soorma bagged gold and silver medals, respectively, in the men's club throw F51 final at the para multi-sport event. Taking to his official X handle, PM Modi lauded Dharambir and said that he has created history by winning India's first ever Paralympic Gold in Men's Club Throw F51 event at the marquee event.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

The issue will open for subscription on September 10 and close on September 12. The anchor bidding will start on September 9.