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UltraTech Cement's Chief Legal Officer quits

UltraTech Cement's Chief Legal Officer quits

Anoop Khatry, Chief Legal Officer of UltraTech Cement Limited, has resigned from his position citing personal reasons, the company informed in an exchange filing on Friday.

The same has been accepted with effect from the close of business on July 3, 2025, according to the company.

"We hereby inform you that Mr Anoop Khatry, Chief Legal Officer, has tendered his resignation from the services of the Company with effect from close of business hours on 3rd July, 2025 due to personal reasons," according to the company’s exchange filing.

Jane Street can't get away in India thanks to SEBI: Nithin Kamath

Jane Street can't get away in India thanks to SEBI: Nithin Kamath

Zerodha co-founder and CEO Nithin Kamath on Friday praised the Securities and Exchange Board of India (SEBI) for taking strong action against US-based trading giant Jane Street, saying that India’s robust regulatory framework does not allow market practices that are common in the West.

In a post on social media platform X, Kamath said: "None of these practices would be allowed in India, thanks to our regulators", referring to US market structures like dark pools and payment for order flow -- mechanisms often criticised for favouring hedge funds at the expense of retail investors.

India holds 3rd rank globally in fintech startup funding with $889 million in Jan-June

India holds 3rd rank globally in fintech startup funding with $889 million in Jan-June

India continues to be the third largest fintech startup ecosystem in the world, behind the US and the UK, a report said on Friday, adding that the sector raised a total of $889 million in the January-June period (H1 2025).

Early-stage funding stood at $361 million, a 10 per cent rise from H2 2024 and 9 per cent from H1 2024. The sector witnessed 16 acquisitions in H1 2025, a 45 per cent increase from H1 2024, according to the report by Tracxn, one of the world’s largest platforms for tracking startups and private companies.

“While the Indian FinTech sector has seen a temporary dip in funding, the steady momentum in early-stage investments and growing acquisition activity indicate that investor interest remains strong, particularly in scalable, innovation-led models,” said Neha Singh, Co-Founder, Tracxn.

2nd Test: Shubman Gill scripts history with highest Test score by an Indian in England

2nd Test: Shubman Gill scripts history with highest Test score by an Indian in England

Skipper Shubman Gill has etched his name into cricket’s record books with a remarkable display of skill, temperament, and hunger in the second Test of the Anderson-Tendulkar Trophy 2025 series at Edgbaston here on Thursday.

After his century at Headingley, where he scored 147 and rued not converting it into something bigger, Gill arrived in Birmingham with a mission. And he delivered in style, compiling the highest Test score ever by an Indian on English soil.

Batting in friendly conditions, Gill, who took over as India captain after Rohit Sharma retired from the format, combined discipline with elegance. His knock was built on minimum-risk strokes, as he caressed the ball into gaps and refused to offer England a single chance.

BMW Group India posts highest-ever H1 car sales in 2025; EV sales surge 234 pc

BMW Group India posts highest-ever H1 car sales in 2025; EV sales surge 234 pc

BMW Group India on Thursday announced that it has recorded its highest-ever car deliveries for the first half of a year, selling 7,774 BMW and MINI cars between January and June 2025.

Despite a challenging environment, the company has achieved a 10 per cent growth compared to the same period last year.

In an official statement, Vikram Pawah, President and CEO of BMW Group India, said, “We are on a fast track, posting +10 per cent growth despite a challenging environment as we continue to unfold new opportunities in the luxury segment.”

Sale of ultra-luxury homes worth Rs 50 crore surges 2,550 pc in Delhi-NCR

Sale of ultra-luxury homes worth Rs 50 crore surges 2,550 pc in Delhi-NCR

In a distinctive display of rising affluence as economy remains resilient, the sale of ultra-luxury homes worth Rs 50 crore and above in Delhi-NCR saw a massive 2,550 per cent (year-on-year) growth in the first half of 2025 (January-June period), while the Rs 20-50 crore bracket surged by 1,233 per cent, according to a report on Thursday.

NCR's residential market is seeing a dramatic shift and premium and luxury housing now dominates.

In H1 2025, homes over Rs 2 crore made up 57 per cent of total sales, up from 43 per cent in H1 2024, according to the report by Knight Frank India.

Ultra-luxury projects in prime Gurugram locations like Golf Course Road and Southern Peripheral Road, with some units exceeding Rs 50 crore, are exceptionally well-received, often selling 60-70 per cent immediately post-launch.

India’s office leasing jumps 40 pc in H1 2025, new supply jumps 25 pc: Report

India’s office leasing jumps 40 pc in H1 2025, new supply jumps 25 pc: Report

India’s commercial real estate market witnessed strong growth in the first half of 2025, with net office leasing across the top seven cities rising by 40 per cent year-on-year (YoY), a new report said on Thursday.

According to data compiled by Anarock Research, net office absorption grew from around 19.08 million sq. ft. in H1 2024 to approximately 26.8 million sq. ft. in H1 2025.

New office supply also increased by 25 per cent during the same period, reaching nearly 24.51 million sq. ft.

Experts say the strong office market performance reflects India’s steady economic growth and its rising global profile as a business destination.

Peush Jain, Managing Director, Commercial Leasing & Advisory at Anarock Group, said the country continues to attract large-scale office leasing by global capability centres (GCCs) and US-based corporates.

LIC shares make strong comeback, jump over 34 pc in last 4 months

LIC shares make strong comeback, jump over 34 pc in last 4 months

Life Insurance Corporation (LIC) shares have staged a sharp rebound, rising nearly 34.41 per cent from their 52-week low of Rs 715.30, driven by improved technical indicators, positive market sentiment, and upbeat brokerage ratings.

The public sector insurer’s stock, which had declined nearly 40 per cent between August 2024 and February 2025 due to persistent selling pressure, has made a strong comeback since March.

In just four months, it has recovered a significant portion of its losses. LIC shares began Thursday’s intra-day trading session flat at Rs 958 on the National Stock Exchange (NSE) and touched a high of Rs 961.50.

Domestic investors infuse $1.4 bn in Indian real estate in Jan-June, up 53 pc

Domestic investors infuse $1.4 bn in Indian real estate in Jan-June, up 53 pc

Domestic capital surged by 53 per cent to $1.4 billion in the country's real state market, accounting for 48 per cent of the total inflows in the January-June period (H1 2025), a report showed on Thursday.

After a steady start in the first quarter, institutional investments in the Indian real estate witnessed a notable uptick during Q2 2025, at $1.7 billion, a 29 per cent rise on a sequential basis, said the report by Colliers.

This mopped-up total investments in H1 2025 to $3.0 billion, reinforcing the sector’s resilience amidst ongoing global uncertainties.

The investment volume remained above the half-yearly average of about $2.6 billion since 2021, reflecting sustained investor interest.

SEBI opens 6-month special window for re-lodgement of transfer deeds from July 7

SEBI opens 6-month special window for re-lodgement of transfer deeds from July 7

In order to facilitate ease of investing and to secure investors' rights, capital market regulator Securities and Exchange Board of India (SEBI) on Wednesday decided to open a special window only for re-lodgement of transfer deeds, lodged before April 1, 2019 deadline, and were either returned, rejected or not attended due to deficiency in the documents or other reasons.

The window will be open for 6 months-starting from July 7, 2025, to January 6, 2026.

"During this period, the securities that are re-lodged for transfer shall be issued only in demat mode," the market regulator said in a circular.

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