At close, the Sensex was down 1.94% at 47,409.93, and the Nifty was down 1.91% at 13,967.50. About 1053 shares have advanced, 1809 shares declined, and 141 shares are unchanged. Nifty bank index traded red at Rs 30,284 down by 2.93%, while BSE Bankex ended at 34,334 down by the same percentage.Amongst the top losers were- Axis Bank at Rs 632 down by 3.99%, followed by HDFC Bank at Rs 1,409 (-3.64%), Induslnd Bank at Rs 820 (-3.42%), ICICI Bank at Rs 522 (-2.92%), PNB at Rs 33 (-2.34%), SBI at Rs 275 (-1.89%),Bandhan Bank at Rs 303 (1.89%) and Kotak Mahindra Bank at Rs 1,765 (-1.66%). While all the major indices traded in the red, Bank of Baroda traded higher at Rs 74 adding 0.27%.Nifty Financial Services ended at 14,723 down by 2.77%. Amongst the top losers were HDFC at Rs 2,467 down 3.31% followed by Cholamandalam at Rs 410 (-2.40%), Power Finance at Rs 111 (-2.36%), Indiabulls Hsg at Rs 197 (-1.76%),Bajaj Finance at Rs 9,126 (-0.79%).Other key takeawaysIndia's GDP to contract 8% in … [Read more...] about A bad day for Indian markets; Sensex down by 900 points while Nifty ends below 14k mark
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NEW DELHI: The dynamics of the real estate sector and its stakeholders witnessed a significant impact due to the covid-19 pandemic; however, the industry experts expects that the upcoming Union Budget 2021 would pave the way for opportunity and recovery.Both the developers and buyers hope that the Budget 2021 will introduce reforms like tax sops and correction in prices which will further benefit and stabilise the industry. Following are the various measure industry expects:Circle ratesFor the real estate sector the 20% deviation from the circle rates announced by the finance minister last year until June 2021 for homes costing upto Rs 2 crore, should not be time bound and needs to be extended for all real estate asset classes. The same will allow developers to offload the massive build-up of unsold inventory costing more than Rs 2 crore, says Kaushal Agarwal, chairman, Guardians Real Estate AdvisoryStamp duty for land purchase in affordable housing should be reduced or removed for … [Read more...] about What real estate industry expects from Union Budget 2021?
The collection at the Madurai expo is a preview of the brand's various collections such as Musee Du Luxe – depicting the beauty of Paris, Whispers from the Valley – that captures the seasons of Kashmir in gorgeous jewellery, Lace – a collection inspired from different kinds of delicate lace and embroidery work, Jewels of the Crown – inspired from the centuries of royal decadence, Greece- a collection inspired by the legends of time and traverses the magical world of Greece, Krsna – a range captures the popular legends that surround Lord Krishna, Awadh - every masterpiece from this collection is inspired by Awadh reminiscent of its glory and Banaras – inspired by the charms of a holy world. … [Read more...] about Stories set in stone
The 1,200 sq.ft retail outlet has redefined luxury in the city apart by bringing in a wide and enticing range of watches from across the globe. “The store is one-stop-solution for all watch lovers of people from the southern districts. For long, people from Madurai shopped for luxury goods only while travelling. Or they would go to Chennai and Coimbatore. We wanted to tap the potential of the customers and thought a high-end watch store will fit in that space,” says Sridevi Suresh, the franchisee of the store … [Read more...] about Timeless luxury
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