Private sector lender Tamilnad Mercantile Bank Ltd (TMB) announced on Tuesday, March 11, that it has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for the assessment year 2017-18. In a regulatory filing, the bank stated, “We wish to inform that the …
Power Finance Corporation (PFC) shares gained over 1% on Wednesday as the company’s board is set to decide on a fourth interim dividend for FY25 and a fundraising plan. PFC stock rose 1.1% to ₹404 on the BSE. Board Meeting for Dividend and Fundraising The Maharatna PSU Power Finance Corporation announced that its board will …
Vedanta Ltd, the mining and metals giant, has repaid a ₹7,500 crore ($900 million) high-cost loan, reducing its debt burden by ₹4,600 crore ($550 million). The repayment was funded through a mix of proceeds from its ₹8,300 crore ($1 billion) Qualified Institutional Placement (QIP) in June 2024 and a fresh loan at a lower interest …
Sun Pharmaceutical Industries Limited has been in focus on Wednesday. On March 12, 2025, Sun Pharma share price (NSE: SUNPHARMA) opened at ₹1,662.00, up from its previous close of ₹1,655.30. At 10:14 AM, the share price of Sun Pharma was trading at ₹1,665.50, up by 0.62% on the NSE. Sun Pharma’s Acquisition of Checkpoint Therapeutics …
Housing & Urban Development Corporation Limited (HUDCO) has declared an interim dividend of ₹1.05 per share, with the ex-dividend date set for March 13, 2025, and the record date on March 14, 2025. The announcement was made on Monday, March 10, through an exchange filing. Understanding Record Date and Ex-Date Record Date: This is the …
On March 11, 2025, as of 12:02 PM, the BSE Sensex was down 0.24% at 73,938.17, while the Nifty 50 was down 0.07% at 22,437.25. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng SUNPHARMA 1,616.10 1,660.65 1,605.35 1,657.30 2.84 TRENT 4,739.70 4,925.40 4,722.95 4,924.10 …
Serentica Renewables and Hindustan Zinc have signed a power delivery agreement (PDA), based on a recent stock exchange filing. Under the partnership, Serentica Renewables will increase its clean energy supply to Hindustan Zinc from 450MW to 530MW. Consequently, the share of clean energy in Zinc’s electricity consumption will grow to 70%. Shift to Time Block-Based …
NEW DELHI: Fintech firm Infibeam Avenues Ltd’s UAE subsidiary has reorganised its shareholding structure ahead of its listing to amplify digital payment strategy, it said in a stock exchange filing. The reorganization involves transferring the mirror shareholding in Avenues World FZ-LLC to its newly incorporated Abu Dhabi entity, Infibeam Avenues ME SPV Ltd. As per …
The Board of Directors of SBC Exports Limited approved the allotment of 15,87,30,000 bonus equity shares. The bonus shares have a face value of Re. 1 each and are issued in a 1:2 ratio. This means that shareholders will receive one additional share for every two shares they already own. Increase in Share Capital After …
India’s stock market volatility continues, with IndusInd Bank facing its biggest setback since March 2020. On March 11, 2025, the bank’s shares hit a lower circuit, tumbling by 26% to a 52-week low of ₹657.10. The steep fall was triggered by concerns over weak internal controls, following the bank’s disclosure of discrepancies in derivatives accounting. …
