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InterGlobe Aviation Ltd. traded 0.9 per cent down at Rs 2365.45 at 12:38PM (IST) on Thursday, even as BSE benchmark Sensex dropped 342.4 points to 65776.29. The stock had closed at Rs 2387.05 in the previous session.

The shortage of new housing is worse than forecast, but a backlog of construction work will support a rebound in profits at bricks and roofing producer Brickworks, says managing director Lindsay Partridge.

₹1,728.80 crore. The notice was served for non-payment of tax for a period of July 2017 to March 2022, the company said in a filing to the stock exchanges.

Cauvery River water row, Ganesh Visarjan, and Comedian Trevor Noah's show that was canceled later. In a post on X (formerly Twitter), Deputy Commissioner of Police (Traffic, East) Kuldeep Kumar R Jain said, “Huge Traffic pile up on ORR from Marathalli to Sarjapur. Pls, instruct ITBT companies on ORR not to rush out because it's a huge jam due to invariably huge no of vehicles." The Mahadevapura task force, which gives regular updates on roads and traffic management in the city, also shared a picture of a massive traffic jam on the Outer Ring Road.

RBI has changed the public holiday under Negotiable Instrument Act, settlement of financial market transactions on September 29, 2023 from September 28, 2023. The RBI bank holiday list now shows September 29 as bank holiday instead of September 28, 2023. Also read: September Bank holiday 2023: Banks to remain closed for 16 days across various states, check full list here According to the RBI notification, “To ensure smooth functioning of the financial markets and non-disruptive settlement of transactions especially in view of the quarter / half year end, it has been decided, in public interest, to keep the Government securities market, foreign exchange market, money market and rupee interest rate derivatives market operational on September 29, 2023 in addition to being operational on September 28, 2023.” The RBI also stated, “The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which were due on September 29, 2023 will continue to be on the same day i.e., September 29, 2023.” Banks closed on September 28 Banks are closed in Gujarat, Mizoram, Karnataka, Tanil Nadu, Uttara Khand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh, Jharkhand. Banks closed on 29 Banks are closed in Sikkim, Jammu and Srinagar on the occasion of Indrajatra, Friday following Eid-i-Milad-ul-Nabi and Eid-E-Milad. Also read: Bank holidays in October 2023: Banks will be closed for up to 18 days in October; check state-wise bank holiday list Are banks closed on Saturday 30th Banks are not closed on September 30th as it is the fifth Saturday which is a working Saturday, according to the RBI guidelines.

Gujarat Ambuja Exports Ltd (GAEL), part of the agricultural products industry, has rallied by about 18% in a week to touch a fresh 52-week high in September 2023 and the chart patterns suggest that the rally may not be over yet. The stock rose from Rs 285 as of 18 September 2023 to Rs 338 recorded on 25 September 2023 which translates into an upside of over 18% in a week. The stock has rallied over 30% in a month – putting it in an overbought zone. Gujarat Ambuja Exports, which has a market capitalization of more than Rs 7600 cr trades at a market capitalization of 27.05x and an earnings per share of Rs 12.49, BSE data showed. Short to medium-term traders can look to buy the stock now for a target of Rs 360 in the next 3-4 weeks, suggest experts.

Investing.com-- Most Asian currencies moved little on Thursday amid persistent concerns over hawkish signals from the Federal Reserve, while the Japanese yen rose slightly as markets watched for any intervention in currency markets by the government. 

Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely biased to the dollar, while Treasury yields also surged. 

ICICI Lombard General Insurance Company slipped over 1% as it received a show-cause cum demand notice from the government with a tax demand of Rs 1,728.86 crore on alleged non-payment of GST. The show cause notice was received by the company on Wednesday, the information on which was given by the company late night. «The alleged demand and the impugned Show Cause Cum Demand Notice pertains to non-payment of GST on the Co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commission accepted on the reinsurance premium ceded to various Indian and Foreign reinsurance companies during the period July 2017 to March 2022,» the exchange filing said. The shares of ICICI Lombard were trading at Rs 1,284.95 on the NSE in the opening trade, down by Rs 18.65 or 1.43%. It had ended at Rs 1,303.60 on the NSE on Wednesday, down by Rs 9.70 or 0.74%. Recently, Indian casino operator Delta Corp plunged as much as 20% on Monday to their lowest since January 2021, after the company said that it received a notice to pay 111.40 billion rupees ($1.34 billion) in tax arrears. Delta Corp, which owns casinos as well as poker and rummy websites, added that the company and two of its units received intimations of an additional tax shortfall aggregating to 56.83 billion rupees for the period between July 2017 and March 2022. As per the filing to the exchanges, the alleged shortfall relates to Delta Corp and its two subsidiaries, Highstreet Cruises and Entertainment Pvt.

Siddhartha Khemka, V-P, Head of Research (Retail), MOFSL, says “within the ferrous space, JSW Steel is a preferred pick followed by SAIL. Hindalco in the non-ferrous space is something that we like. The market has shown some appetite for niche luxury properties. So, real estate will do well. Our preferred picks would be Oberoi Realty and Macrotech Developers.” What is your view on metals and Vedanta specifically because it is a high beta name?All these headlines regarding debt etc keep on circling around and impacting the stock price. What should a medium to long term investor do? Within the metal space, Vedanta has been very volatile. There have been continuous news flows or developments with regards to the company, with regards to the promoter and the promoter entity as was the case today. But if you look at it from the overall sector perspective, after having some pressure in the past couple of quarters, the companies have now taken price hikes in the last couple of weeks and that is helping to change the sentiment.

GST) revenue has served ICICI Lombard with a show cause and demand notice for allegedly not paying Rs 1,728.9 crore worth of tax for five years from July 2017 till March 2022. «The alleged demand and the impugned Show Cause Cum Demand Notice pertain to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commission accepted on the reinsurance premium ceded to various Indian and Foreign reinsurance companies during the period July 2017 to March 2022,» the general insurance company said in a stock exchange filing. The notice was served on September 27. ICICI Lombard said the show cause cum demand notice pertains to industry-wide concerns, and following advice from its tax advisors, the company will submit a suitable response within the specified deadlines. ET had reported in July that the Directorate General of GST Intelligence, which was investigating 30 insurance companies for alleged GST evasion, had completed the investigation into 15 of them, detecting input tax credit discrepancies to the tune of Rs 3,500 crore so far.

Investing.com-- Australian retail spending grew less than expected in August, barely expanding as consumers further cut back on spending amid continued pressure from historically high interest rates and sticky inflation.

Investing.com-- Oil prices rose sharply in Asian trade on Thursday, with U.S. crude futures hitting an over one-year high on continued signs of tighter supply, while positive data from China also aided sentiment. 

Meitei and Kuki communities since May 3, the Manipur government is likely to adopt a ‘one district, one force’ arrangement for better coordination of security forces. According to the arrangement, one paramilitary force will be responsible for maintaining a law and order situation in one district, Hindustan Times reported. A security official in Delhi informed that news outlet that the move will potentially reduce the possibilities of conflicts among forces in Manipur.

Sensex closed 173.22 points higher at 66,118.69, while the Nifty 50 gained 51.75 points to end at 19,716.45. Nifty formed a long bull candle on the daily chart with a long lower shadow. “Technically, this market action is indicating a formation of a bullish engulfing pattern.

Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude futures climbed 16 cents to $96.71 a barrel by 0001 GMT.

Trevor Noah was left red-faced after his live show in Bengaluru was cancelled last minute due to some technical glitches. The comedian revealed that both of his shows at the Manpho Convention Centre (dated September 27 and September 28 respectively), were cancelled. Fans who had gathered to watch ‘The Daily Show’ host regale them, were left disappointed when they could not hear anything due to poor acoustics.

Apple expanding local manufacturing operations in India at the cost of China has triggered scores of reactions on social media platforms such as Weibo and X (formerly known as Twitter) questioning the quality of the latest iPhone 15s being made in the South Asian nation. Indian users and industry executives have, however, been quick to rebuff the comments, pointing to how the locally made devices were as good as any manufactured elsewhere. For the first time, India-made iPhone 15 and 15 Plus devices were made available on the first day of sale on September 22, along with China units, across the world, underlining the US smartphone maker's rapid expansion of its manufacturing operations in the world's second largest smartphone market. India is now easily the second largest assembler of iPhones globally. The launch of the latest India-made iPhones though sparked an adverse reaction in China, marked by social media posts and reactions on Chinese state media. One post on Weibo alleged that the India-made iPhone 15 units are being diverted to China after being rejected in Europe for having quality issues. State media in China denied claims of diversion.

Investing.com — Oil prices jumped more than 3% Wednesday, with U.S. crude hitting a 10-month high above $94 a barrel, as traders responded to another weekly drop in crude stockpiles in the United States even as demand for fuels fell amid a seasonal decline in road travel.

Investing.com – Tech stocks have suffered a bumpy ride in September as the road to higher rates for longer has rejuvenated the bears, but Wedbush argues, this weakness will prove to be a temporary joyride as the upcoming earnings season for big tech and fed cuts next year will trigger a rebound in growth across tech.

Bankers and investors are optimistic that a string of initial public offerings will cap off a quiet year for new issuance before things accelerate in 2024. That's the consensus across Wall Street after a flurry of deals on US exchanges positioned September to be the biggest month for IPO fundraising since the market essentially shut in January 2022, according to data compiled by Bloomberg. Even though Arm Holdings Plc and Instacart stumbled in the days following their debuts, their recent stability is giving confidence to firms in the country — and around the world — that have been waiting for their chance. Companies listing on US exchanges have raised roughly $7.2 billion so far in September, accounting for 56% of the cash raised in global IPOs that priced this month, data compiled by Bloomberg show.