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The launch of as many as 5,000 new units in Mumbai may get delayed due to the initial teething problems arising from the implementation of the new RERA regulations. Under the newly instituted state Real Estate Regulatory Act (state RERA), the pace of registrations for ongoing projects in the state of Maharashtra has slowed down. As per the data available with Maharashtra RERA website, only 35 projects have been registered so far. The speed of new launches primarily depends on how soon builders become RERA-compliant. As per market reports, registrations would pick up pace only after July 15. According to a leading research agency, slow down in sales in Mumbai and across India is imminent due to lack of project registration and slackened new launches. Around three-fourth of the total projects registered in Mumbai belongs to the suburban area and not a single project in the main city has been listed. The registrations are slowed down mainly because of the confusions among builders reg...

During the Union government's demonetisation drive, the real estate sector was the biggest hit by the cash crunch in the country. One of the top listed real estate companies, Unitech has sold around 74-acre land in Gurgaon, Chennai and Hyderabad for Rs 260 crore to boost its cash flow and complete its ongoing projects. The Gurgaon-based developer has sold 41 acres in Hyderabad for Rs 160 crore, 19.05 acres in Chennai for Rs 67 crore and 13.55 acres in Gurgaon for Rs 33 crore. "With the implementation of RERA, the overall real estate market is expected to get a boost as the projects are going to get ring-fenced financially and operationally, which will, in turn, help developers in timely delivery of the projects," Unitech MD, Ajay Chandra said to a leading business news agency. Stock View :- Unitech Ltd ended at Rs 5.06, down by Rs 0.18 or 3.44% from its previous closing of Rs 5.24 on the BSE. The scrip opened at Rs 5.24 and touched a high and low of Rs 5.24 and Rs 5.0...

After Cognizant and TCS, Mindtree has planned for a share buyback programme. The company informed the bourses on Thursday that a meeting of the board of directors is scheduled to take place on June 28, 2017, to consider a proposal to buy the company's fully paid-up equity shares. The stock has underperformed both BSE Mid-cap and BSE IT index over a period of one year. Its closest peers include L&T Infotech and Vakrangee. The primary objective of a share buyback program is to arrest the fall in the value of a stock by reducing the supply of the stock, which essentially pushes up the share price through a better P/E multiple. In the past five trading sessions, Mindtree Limited has gained around 3.22% in Friday’s trade and is expected to gain further. Mindtree Limited, an international information technology (IT) implementation and consulting company, delivers business solutions through global software development. The company operates in two segments, Product Engineering (PE)...

Out of 10 most valued firms seven Indian firms added Rs 29,799 crore in market valuation in the previous week, with Reliance Industries Ltd topping the charts with maximum gains. Reliance Industries regained its status of being the most valued firm by toppling TCS in terms of market capitalisation after a gap of 2 months. Other m-cap gainers in the list were Infosys, Maruti Suzuki, SBI, HUL, HDFC Bank, HDFC, ITC and ONGC faced losses in the previous week. RIL’s valuation surged Rs 15,349 crore to Rs 4,66,599.69 crore. ITC market cap soared Rs 5,527.06 crore to Rs 3,77,601.40 crore and HDFC Bank jumped Rs 2,710.1 crore to Rs 4,31,189 crore. HDFC went up by Rs 1,868.57 crore to Rs 2,62,529.94 crore. The m-cap of HUL went up by Rs 1,082.23 crore to Rs 2,37,344.36 crore and Infosys added Rs 654.62 crore to Rs 2,16,682.27 crore. Meanwhile, ONGC witnessed its valuation dip by Rs 11,357.41 crore to Rs 2,02,765.12 crore, TCS dipped Rs 7,251.18 crore to Rs 4,65,149.07 crore and Maruti Rs 88...

Nifty ended the last week lower by 55 points at 9,574 level, while Sensex also closed lower by 152 points at 31,138 level in Friday’s trading session. Nifty failed to hold the important level of 9,600 and was seen to slip to lower levels. Following are the top five stocks to watch out for in Tuesday’s trading session: Bajaj Finance: Bajaj Finance Limited has raised Rs 600 crore through issuance of 8.15% unsecured subordinated (Tier II) redeemable non-convertible debentures on a private placement basis. The Debenture Allotment Committee of the company at its meeting held on June 22, 2017, allotted 6,000 secured redeemable non-convertible debentures of Rs 10 lakh each. The debentures will be listed on WDM segment of BSE Ltd. Shriram EPC Limited: Shriram EPC has won multiple orders under its water management business amounting to Rs 165 crore. The first order amounting to Rs 83.37 crore from City Corporation, Davanagere, involves designing, building and improving bulk water supply f...

The Goods and Services Tax (GST) regime is about to become a reality by the end of this month and the e-commerce companies are also going to covered under this new tax rules. However, small restaurants and vendors have reservations about the same, so they are moving away from the online delivery start-ups. Under the GST regime, whenever e-commerce companies pay to restaurants or vendors using their platform, they will need to deduct tax collected at source (TCS) of 2%. This might result in smaller restaurants with lower sales volume moving away from online platform. Restaurants will have the facility to claim input tax credit and get a refund for the TCS under the new arrangement. But a part of their working capital will be blocked until the refund. “For restaurants with less than Rs 75 lakh turnover... they are allowed a composition scheme which is a simplified form for GST and they will not have to do separate invoicing. But if you are online, there you cannot use this compositio...

Mutual fund managers due to cheaper valuations have been bullish on banking shares. Their allocation to banking sector had reached an all-time high at the end of May, at over Rs 1.44 lakh crore. When compared to the end of 2016, the figure stands at Rs 90,014 crore. Given the elevated weightage to the index, managers cannot take a bearish stance on these stocks, thus banking continues to be the most preferred sector with fund managers. Also recently, market regulator SEBI eased the takeover norms for stresses asset companies, this would further keep the sector in the limelight. As per the latest data available by SEBI, overall, the allocation at the end of May 2017 was at Rs 1,43,704 crore as against Rs 1,34,596 crore in the preceding month. Click Here For Free Trial :-