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The Indian HNIs are getting drawn towards branded residences. Lured by their aspiration to own a premium asset and access to superlative services, Indian HNIs are showing newfound interest in branded residences. As per the latest research by SKYE, a hospitality development and consultancy company, India has around 2300 branded residences, a modest share in a global supply that amounts to 26,000 units. However, the segment will soon change gears, as demand is picking up quickly.

The Noida Expressway is a principal corridor harboring unlimited potential. Built with a clear purpose to decongest National Highway- 2, it establishes a direct connectivity channel between Delhi and Noida and further stretches to Greater Noida.

₹40 crore (including buyer's premium) setting a new global benchmark for the artist. The sale, coinciding with Souza’s 100th birth anniversary, sold 100% of the lots offered, surpassing the low estimates by a whopping 310%. Notably, the auction's success extended beyond Souza's iconic masterpiece, The Lovers.

global demand for Indian goods despite the Red Sea crisis, which attracted military response from several countries, impacting trade. Outstanding export credit for Indian banks was seen at Rs 20489 crore at the end of January 26, rising 5% this financial year, data from Reserve Bank of India showed. This was the highest since February last year. «Export growth will be largely driven by global demand and as we do expect global growth to be steady, we can expect a recovery here. This will be reflected also in growth in export credit,» Bank of Baroda chief economist Madan Sabnavis said.

banks have seen an erosion in their low cost deposits as customers chase higher yields, and infrastructure demand is accelerating with the segment witnessing strong loans growth, showed a survey of bankers. ``Customers’ search for higher rates and the ability to lock those interest rates for a longer time has led to a shift in favour of term deposits,’’ said the FICCI-IBA Survey of Bankers. ``Term deposits have picked up pace. Around 70% respondents have reported a decrease in the share of CASA deposits in total deposits.’’ Some sectors like infrastructure, iron & steel and food processing are witnessing growth in long term credit demands. Major infrastructure development plans have been in place by the Government to facilitate quick capital spending with a strong multiplier effect and this is likely to spur demand for infrastructure financing, said the report.

Four fairly quick observations on this Federal Reserve meeting day, not all of which have anything to do with the Fed:

By Terje Solsvik

Investing.com — Wall Street futures head higher after the Federal Reserve reaffirmed plans for three interest rate cuts this year. The Swiss National Bank became the first major central bank to cut interest rates, and more central banks are due. Reddit is set to start trading, having been priced at the top of its IPO range.

By Jamie McGeever

New numbers show people are bolting out of New York, according to the latest Census Bureau data.

Tere Naam, saying that ‘Mere Naam’ movie should be made due to the PM’s frequent crying during speeches. Netizens were quick to react to the ‘abuse’ charges. Social media was flooded with mixed reactions as some showed support, while others retaliated over the statements.

billion into consumer durables stocks in February 2024. This figure also marks the highest influx of FII buying in this sector since January 2020. FIIs had net sold $27 million worth of consumer durables stocks in January 2020.Despite the lacklustre corporate commentary following the December quarter earnings (Q3FY24), FIIs have lapped up stocks of consumer durables companies.

YouTube has asked its creators to label synthetic and AI-generated content, in an effort towards supporting responsible AI innovation. Viewers increasingly want more transparency about whether the content they're seeing is altered or synthetic, YouTube said in a blog post. «We're introducing a new tool in Creator Studio requiring creators to disclose to viewers when realistic content — content a viewer could easily mistake for a real person, place, scene, or event — is made with altered or synthetic media, including generative AI. We're not requiring creators to disclose content that is clearly unrealistic, animated, includes special effects, or has used generative AI for production assistance,» the blog post said.

FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respondent banks reported a decrease in the NPA levels in the last six months.

Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. A division bench of Justices B P Colabawalla and Somasekhar Sundaresan, in its order on March 4, noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI. «Banks and financial institutions that seek to invoke the Master Circular to declare occurrence of wilful default, must share the reasoned orders passed by its Identification Committee and Review Committee,» the HC said. The bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challenging an order passed by the Union Bank of India in February 2023 declaring the firm and its promoters wilful defaulters under the 2015 Master Circular issued by the RBI.

Also Read: Nifty 50, Sensex jump 1% each; why is Indian stock market gaining today? — explained with 5 critical reasons All 20 constituents of the index are currently trading in the green, with power financiers leading the charge. Power Finance Corporation saw a significant surge of nearly 6.8%, reaching an intraday peak of ₹385.85 per share, marking an end to a four-day decline.

Tata Elxsi Ltd. traded 1.13 per cent up in Thursday's trade at 01:24PM (IST). Around 7,311 shares changed hands on the counter. The stock opened at Rs 7649.85 and touched an intraday high and low of Rs 7667.05 and Rs 7591.3, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5883.05.

Shree Cements Ltd. traded 1.62 per cent up in Thursday's trade at 01:19PM (IST). Around 247 shares changed hands on the counter. The scrip opened at Rs 25030.55 and touched an intraday high and low of Rs 25395.0 and Rs 24945.65, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

Zee Entertainment Enterprises Ltd. traded 0.42 per cent up at Rs 141.3 on Thursday at around 12:28PM (IST), while the benchmark BSE Sensex advanced 381.14 points to 72482.83. As many as 1,048,943 shares changed hands on the counter with a total value of Rs 14.89 crore.

Cholamandalam Investment & Finance Company Ltd. gained 0.6 per cent to Rs 1050.45 at 12:38PM (IST) in Thursday's trade. The counter has hit a high of Rs 1059.75 and low of Rs 1048.8 so far during the session. The stock had closed at Rs 1044.1 in the previous session. The counter has had a total traded volume of 9012 shares so far with a value of Rs 0.96 crore on the NSE. It traded at a price-to-earnings multiple of 27.48 and a price-to-book ratio of 4.37.

Mahendra Singh Dhoni's retirement, Virat Kohli's 16-year-itch, the second chance that life has offered Rishabh Pant and Rohit Sharma's bleeding heart will make for intriguing sub-plots in the annual carnival called the Indian Premier League starting on Friday. Dhoni, the 42-year-old evergreen captain, will once again smile wryly when asked if it's his last year. His heir apparent Pant, literally back from the brink after a life-threatening accident, will be desperate to show the world that he can still hit those one-handed sixes with elan. In between, he could also be slipping in those quotable quotes behind the stumps that are considered broadcast gold. Rohit will be the last person to show his scars hidden behind the typical 'Mumbaiya' nonchalance as he gets down to enjoying his evening dates at the Wankhede albeit without the captain's title. The partisan crowd would nonetheless look forward to those pulled sixes.