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ICICI Securities issued a hold rating for The Ramco Cements with a target price of Rs 942. The company informed exchanges about the cessation of Mineral Bearing Land Tax in Tamil Nadu from 22nd Aug'26. Analysts said, "We see limited scope to revise upward our earnings as well as valuation multiples."
A taxpayer sold a Mumbai house in October 2023 and invested in an under-construction flat. Many people worry if builder delays beyond three years will cancel their Section 54 tax exemption. Experts said courts often take a lenient view if the delay is the developer’s fault and not the buyer’s.
Gold prices on Tuesday dropped by Rs 120 to Rs 1,63,109 per 10 grams in futures trade. This fall happened on the Multi Commodity Exchange as spot demand got weak. Many traders saw contracts for October delivery trade lower. Globally, gold futures also fell, showing how market trends impact local prices today.
Silver prices fell by ₹903 to ₹2,43,317 per kilogram in futures trade on Tuesday. On the Multi Commodity Exchange, participants reduced their bets, leading to a turnover of 1,702 lots for September delivery. Analysts said a sell-off by participants weighed on prices as the metal also fell in global markets.
The Indian School of Business started the PGP MAX program for leaders with over ten years of experience. This 15-month course helps senior executives move into C-suite roles. Sruthi Solipuram said, "Now, I have structured frameworks that I can apply directly to my business." It builds skills for complex markets.
Mondelez India withdrew misleading health and nutrient claims from its products after the FSSAI issued a notice on Saturday. The regulator said on Tuesday that major food companies took prompt corrective action. These firms revised their packaging to ensure consumer safety and regulatory compliance following strict action against serious violations.
Axis Securities named Urban Company, Kfin Tech, and PB Fintech as top technical picks for the week beginning August 24. The brokerage said these stocks showed strong bullish patterns, suggesting investors buy them for potential gains. Meanwhile, it noted that 24,000 acts as a crucial support level for the Nifty.
IHCL’s merger with Oriental Hotels is expected to close in FY28. Brokerages like Nomura and Goldman Sachs kept Buy ratings, saying the deal will be EPS accretive and boost IHCL’s presence in South India. IHCL said the restructuring will result in an enhanced financial profile, with an increase in revenue.
Bengaluru-based aerospace startup Airbound raised $37 million in a Series A round announced on August 25. The company plans to use these funds to expand into quick commerce and food delivery. Founder Naman Pushp said, “We're basically building a template for better aircraft.” They aim to eventually carry people too.
India’s three main price gauges are diverging, creating a complex puzzle for the Reserve Bank of India. While core inflation was around 3.9% in July, wholesale price inflation is close to double digits. Experts now watch if these different price shocks will spread across the economy or eventually pass soon.
Australia’s recorded music industry will bar tracks wholly generated by artificial intelligence from official charts starting Monday. ARIA chief executive Annabelle Herd said, “These changes reflect our intent to remain dynamic and promote the human nature of artistry.” Only songs with human vocals and instruments will now qualify for charts.
Sugar futures in London and New York fell as traders parsed the Indian government's decision to allow duty-free raw sugar imports. Analyst Harsh Soni said, "consensus is building that India will not be able to import more than 500,000 tons of sugar." This move follows recent price surges for the commodity.