The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks’ dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers’ money. Several authorities and builders have been issued notices.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.