JM Financial Limited has received an order from the Deputy Commissioner of Income Tax regarding the assessment year 2008-09. The order, issued under Section 254 read with Section 143(3) of the Income-tax Act, 1961, states that the company will receive a tax refund of ₹230 crore, including interest. The order was received on February 19, …
Mahindra & Mahindra Financial Services Ltd (MMFSL) and Mahindra Lifespace Developers Ltd (MLDL) have announced their plans to raise a combined ₹4,500 crore through rights issues. This move aims to enhance their capital base and support expansion. Mahindra & Mahindra Ltd (M&M), the parent company, has committed to fully subscribing to its entitlement and any …
Wipro Limited, a global technology services and consulting firm, has announced a $200 million commitment to its venture arm, Wipro Ventures. This marks the fourth round of funding since its inception in 2015 which is 10 years ago and aims to accelerate investments in early- to mid-stage startups. The funding brings Wipro Ventures $500 million …
On March 3, 2025, NTPC Green shares broke their 5-day losing streak by gaining ~1%, reaching a day high of ₹89.15 at 11:23 AM, after opening at ₹88.81 on BSE. After a cumulative fall of ~20%, NTPC Green shares came into positive territory. The shares of NTPC Green are currently trading near their 52-week low of ₹84.60. …
Solar Industries announced on Friday, February 28, that it, along with its subsidiary, has secured orders worth ₹2,150 crore for the supply of defence products. The orders were awarded by an international entity and are set to be completed over the next six years. This follows a similar deal in December 2024 when the company …
Telecom infrastructure provider RailTel Corporation of India Ltd announced on Friday (February 28) that it has received two work orders totalling ₹63.55 crores, including taxes, from state authorities in Madhya Pradesh and Odisha. Madhya Pradesh State Data Centre Expansion RailTel has been awarded a contract worth ₹37.18 crore by the Madhya Pradesh State Electronics Development …
Public sector lender Indian Overseas Bank (IOB) has received a tax demand notice of ₹699.52 crore from the Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35, for alleged Goods and Services Tax (GST) liabilities related to the assessment year 2020-21. The notice, dated February 27, 2025, includes a penalty component of ₹35.26 crore, in addition to …
The combined market capitalisation of 8 of India’s top-10 most valued companies eroded by ₹3,09,244.57 crore in a holiday-shortened week, as a sharp decline in equities weighed on investor sentiment. Tata Consultancy Services (TCS) suffered the biggest loss, slipping to the third position in the ranking of India’s most valuable companies. Stock Market Performance in …
Pharmaceutical giant Mankind Pharma Ltd has received a tax demand of ₹111.68 crore from the Income Tax Department for the Assessment Year 2021-22. The demand, raised under Section 143(3) read with Section 144C(3) of the Income-tax Act, 1961, was issued by the Deputy Commissioner of Income Tax, Central Circle 29, New Delhi, on February 25, …
Voltas a leading air conditioning and engineering services provider, announced on Friday (February 28) that it has completed the transfer of its 92% stake in Saudi Ensas Company for Engineering Services W.L.L., Kingdom of Saudi Arabia, to Universal MEP Projects Pte Ltd (UMPPL), Singapore. Details of Stake Sale The deal, valued at ₹61.84 crore, was …
