The National Financial Reporting Authority(NFRA) has banned the auditors of Anil Ambani group companies Reliance Home Finance and Reliance Commercial Finance and has also levied a penalty for the irregularities in their accounts for the 2018-19 period. Reliance Home Finance Auditors Dhiraj and Dheerak, The Auditors of Anil Ambani Group company, Reliance Home Finance have …
On Tuesday, the market closed mixed amid volatility, with the Nifty holding above 22,500. The market cap of BSE-listed companies crossed USD 5 trillion. The Sensex slightly declined by 0.07%, closing at 73,953.31, while the Nifty gained 0.12% to close at 22,529.05. Nifty Metal, Nifty PSU Bank, and Nifty Energy closed positively, whereas Nifty FMCG, …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Hindustan Construction Company Ltd Hindustan Construction Company Ltd saw a significant price volume breakout today. The stock hit a high of Rs 41.25 with a traded volume of 56,696,021 shares, closing at Rs …
RateGain Travel Technologies Limited is a global provider of SaaS solutions for the travel and hospitality industry, serving in more than 100 countries by focusing on accelerating revenue generation through customer acquisition, retention, and wallet share expansion. Strong Quarterly Performance RateGain announced impressive financial results for Q4FY24 today. The firm’s net profit rose 48% YoY …
On May 21, 2024, Balu Forge Industries Limited (BFIL) informed the exchanges that the company had acquired three state-of-the-art forging production lines capable of manufacturing 72,000 tons of forged products. This setup includes a 16-ton closed die forging hammer, a 10-ton closed die forging hammer, and an 8,000-ton capacity mechanical press. These lines will be …
Zuari Industries Limited, a prominent player in the Indian industrial landscape, announced a strategic move to consolidate its ownership stake in Texmaco Rail and Engineering Limited (Texmaco). The company’s Board of Directors recently approved the acquisition of equity shares in Texmaco for a maximum consideration of ₹200 crore (approximately USD 24 million) from Zuari International …
Patel Engineering Limited, a prominent player in the Indian infrastructure sector, announced a strategic move to diversify its portfolio further. The company’s Board of Directors recently approved the acquisition of a 10% stake in a promising start-up, Shail Tunnelling, specialising in the supply of tunnel boring machines (TBMs). This acquisition signifies Patel Engineering’s commitment to …
India’s economic landscape is shaped by a network of powerful entities known as PSUs (Public Sector Undertakings). These organisations play a crucial role in driving national growth across various sectors. PSUs are integral to India’s development, from powering our homes to fueling our industries. They showcase a robust partnership between the public sector and economic …
On May 20, 2024, Apollo Pipes informed the stock exchanges that the company is adopting a new line of business, which falls in the domain of UPVC Doors and Windows Profiles. This new line of business is an extension of the product range in the polyvinyl chloride (PVC) segment. The company stated that UPVC Doors …
The Supreme Court of India has provided major financial relief to Bharti Airtel, Vodafone Idea, and Tata Communications by waiving the interest on their substantial tax dues, saving them around Rs.3,000 crore. October ’23 Judgment In October 2023, the Supreme Court reversed a 2013 Delhi High Court ruling. The Court declared that annual license fees …
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