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ARCs) in India are projected to see an increase in recovery rates for stressed residential realty projects, rising to 16-18% by March 2025 from 11% in March 2024, owing to healthier demand, price appreciation in the housing property market and greater interest from investors and promoters, said CRISIL Ratings.

MUMBAI:Small-cap stocks had a spectacular rally the previous fiscal year, much of it driven by foreign portfolio investors (FPIs) betting on smaller Indian companies even as the surge sparked fears of a bubble caused in part by some murky transactions.In the financial year 2023-24 (FY24), about 35% of the total ₹2.08 trillion of FPI equity investments in India were channeled into the top 100 companies of the BSE Smallcap index, totalling ₹71,631 crore and making up 70% of the overall investment into smallcaps, according to BSE shareholding data analysed by Mint.This influx of investments contributed to both the Nifty Smallcap 250 and the BSE SmallCap index, which comprises 946 companies, outpacing returns from the benchmark Nifty and Sensex indices last year.And while the shareholding data for the first quarter of the current fiscal won't be available before 30 June, the BSE SmallCap has already outperformed the Sensex by over 6% since 1 April 2024, with a return of 9.6%, compared to Sensex returns of 3.6%.However, the rapid rise has not gone unnoticed by regulators. In March, Madhabi Puri Buch, chair of the Securities and Exchange Board of India, warned of “pockets of froth" in the overheated small-cap and mid-cap markets.Mint previously reported (here, here, and here) about the potential involvement of Dubai-based hawala operator Hari Shankar Tibrewala in funnelling illegal proceeds from the Mahadev online betting scandal into Indian small-cap stocks.Nevertheless, the surge of foreign investors into India’s small-cap market has provided a semblance of stability.“FPIs could continue to invest in fundamentally sound small caps which are reasonably valued," said SK Joshi, executive director at Khambatta Securities.

₹72.03 a share for ₹261 crore, according to a Mint analysis. Less than seven weeks after Pabrai cut his Edelweiss holding by half, RBI on 29 May restricted businesses of its lending and asset reconstruction arms, citing concerns about its lending and accounting practices. Edelweiss shares plunged 11.8% to close at ₹68.35 on 30 May, a day after the regulatory action.

JEE Advanced 2024 Results Analysis: The Indian Institute of Technology (IIT) Madras has announced the results of the Joint Entrance Examination (JEE) Advanced 2024 today, June 9. Candidates who participated in the exam can now check their results on the official website at jeeadv.ac.in.

On-again, off-again crypto enthusiast Andrew ‘Top G’ Tate has been having a normal one on Twitter today.

INDIA bloc leaders' euphoria over their impressive poll show gives way to the serious business of closed-door analysis of elections results, there is a feeling among many of them that entrenched regional allies played a more effective role and delivered better than Congress in denying BJP a majority on its own.

BJP's different quarters and leadership fissures are coming to the fore after the saffron party failed to match its 2019 performance in the state in the recent Lok Sabha elections.

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, struggling to pay even the interest on their loans and often just a bad business hit away from dying off for good

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good

A critical reporting tool used by Canada’s anti-money-laundering watchdog has been offline for three months creating an intelligence gap that experts say could hamper criminal or national security investigations.

₹1,120 from ₹1,020, citing a potential upside of 45% for the firm. The firm has retained its 'buy' recommendation for the used vehicle dealers company shares.

candidates in the fray on Jammu and Kashmir's five Lok Sabha seats polled fewer than None Of The Above (NOTA) votes, according to Election Commission data.Cumulately, 34,788 voters pressed the NOTA button in the five seats, showing their rejection of the candidates fielded by parties.

₹31,388 crore, according to data from the National Securities Depository Ltd. The month of May saw massive outflows worth ₹25,886 crore ahead of the Lok Sabha election results.

RBI) Governor, Shaktikanta Das, on Friday announced establishing a digital payments intelligence platform owing to recent surge in bank, digital frauds.

While Americans aged 25 to 44 may have a lengthy list of life goals, achieving financial independence is their highest priority, according to a new survey.

As the Dogecoin (DOGE) price consolidates near $0.16 and close to its 21DMA, investors are questioning whether a pump to $12 could be on the cards after a TradingView trader put forth a compelling bullish price prediction.

major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the actively selling unsold housing inventory has reached about 4,68,000 units by March 2024, a 24 per cent increase since December 2019, across seven major cities — Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata.

Bitcoin’s ongoing bull run may receive a significant boost as global liquidity reaches a new all-time high.

Certificate Programme in Data Analytics for Business Applications.This high-impact 7-months programme is meticulously designed for professionals from diverse backgrounds. It caters to early professionals seeking to elevate their understanding of data analytics for adept decision-making.

vegetarian thali became dearer by 9 per cent in May primarily due to the jump in onion, tomato, and potato prices, a report said on Thursday. However, a decline in broiler price contributed to a decrease in the cost of a non-vegetarian meal, as per Crisil Market Intelligence and Analysis' monthly «Roti Rice Rate» report.

Joyce Fleming and Greg Piazza discuss returning to the workforce due to rising costs.