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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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.

Bharat Electronics Ltd. traded 2.37 per cent up at Rs 291.8 at around 02:09PM (IST) on Thursday. The stock had closed at Rs 298.9 in the previous session. Equity benchmark Sensex traded 99.88 points lower at 82252.76 around the same time.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

PNB Housing Finance surged 5.4% to hit a 52-week high of Rs 1,109.9 in Thursday's trading on the BSE. The rally came after the company announced plans to raise nearly Rs 2,500 crore through non-convertible debentures (NCDs) on September 9. In an exchange filing, the company stated, «A meeting of the board of directors is scheduled for Monday, September 9, 2024, to consider and approve the issuance of Non-Convertible Debentures up to Rs 2,500 crore on a private placement basis, in tranches over the next six months.»

Asian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors

Varun Beverages Ltd. gained 0.23 per cent to Rs 1526.0 at 01:59PM (IST) in Thursday's trade. The scrip hit a high of Rs 1532.45 and low of Rs 1506.5 so far during the session. The stock had closed at Rs 1522.35 in the previous session. The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 4.24 crore on BSE. The stock traded at a price-to-earnings multiple of 81.67 and a price-to-book ratio of 23.16.

InterGlobe Aviation Ltd. gained 0.29 per cent to Rs 4828.0 in Thursday's session as of 12:11PM (IST) even as the equity benchmark Sensex traded 59.19 points lower at 82293.45. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4944.6 and a 52-week low of Rs 2334.95 on NSE. Around 4821 shares changed hands on the counter till 12:11PM (IST).

Tata Power Company Ltd. gained 0.36 per cent to Rs 422.2 in Thursday's trade as of 12:01PM (IST). The stock hit a high price of Rs 423.4 and low of Rs 419.3 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 12:01PM shares and turnover at Rs 6.64 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 470.85 and 52-week low prices of Rs 230.75, respectively.

LTIMindtree Ltd. gained 0.78 per cent to Rs 6118.0 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 6198.0 and low of Rs 6060.25 during the session.

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).

Tata Elxsi Ltd. traded 0.53 per cent up at Rs 7790.0 at 11:36AM (IST) on Thursday, even as BSE benchmark Sensex dropped 66.08 points to 82286.56. The stock had settled at Rs 7748.85 in the previous session. The stock quoted a 52-week high price of Rs 9191.1 and 52-week low of Rs 6406.6, respectively. As per BSE data, total traded volume on the counter till 11:36AM (IST) stood at 8165 shares with a turnover of Rs 6.37 crore.

REC Ltd. traded at Rs 631.5 on BSE at 11:41AM (IST) on Thursday, up 1.12 per cent from previous close. The stock quoted a 52-week low price of Rs 233.75 and a high of Rs 653.9.

PI Industries Ltd. traded 0.28 per cent higher in Thursday's session at 11:46AM (IST). The stock opened at Rs 4545.6 and has touched an intraday high and low of Rs 4555.0 and Rs 4508.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of 3060.0. About 1,484 shares changed hands on the counter so far.

Biocon Ltd.(up 3.63 per cent), Laurus Labs Ltd.(up 3.61 per cent), Mankind Pharma Ltd.(up 2.88 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 2.8 per cent) and Ipca Laboratories Ltd.(up 1.96 per cent) were among the top gainers.

Dozens of African leaders have descended on Beijing for a summit that signals China’s influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order

Avenue Supermarts Ltd. traded 2.1 per cent up at Rs 5207.0 at 10:19AM (IST) on Thursday, even as BSE benchmark Sensex dropped 2.04 points to 82350.6. The stock had closed at Rs 5099.75 in the previous session. The stock quoted a 52-week high price of Rs 5253.0 and 52-week low of Rs 3617.3, respectively. As per BSE data, total traded volume on the counter till 10:19AM (IST) stood at 9139 shares with a turnover of Rs 4.73 crore.

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.

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.

Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across all metros after successfully proving the model in NCR.