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British homebuilder shares slump on lack of clarity over first-time buyer plan in budget
Shares of British homebuilders plummeted following finance minister John Healey's budget speech about housing initiatives. The delays surrounding the launch and funding of the awaited 'Your First Home' scheme have analysts worried that it won’t receive long-term financial support. Prominent companies like Barratt Redrow, Taylor Wimpey, and Persimmon experienced sharp declines, which could further hinder the timeline for new site developments that builders are eager to pursue.
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%
Hero MotoCorp’s Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments.
Sebi to review FPI compliance norms, issue consultation paper to align with global standards
Sebi Chairman Tuhin Kanta Pandey stated they will review compliance requirements for foreign portfolio investors in India. A consultation paper will seek feedback on aligning these norms with global standards while ensuring investor protection. This initiative aims to enhance foreign investor participation in domestic markets and streamline access procedures. Additionally, Pandey emphasized the significance of domestic savings along with international capital to support market development.
Crude shock and IT slump keep Nifty in the red; Bank stocks limit the damage
Nifty 50 closed at 22,698.85, down 50.90 points or 0.22%, its second consecutive session of losses and Sensex settled at 73,246.03, down 352.64 points
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