As per news reports, Ujjivan Small Finance Bank has submitted an application to the Reserve Bank of India for a universal banking license. The move is aimed at diversifying beyond small finance operations and increasing the share of secured loans. What’s in Store for Ujjivan SFB’s Banking Transition? The RBI will first conduct an initial …
On February 5, 2025, the Indian stock market benchmark index BSE and the Nifty closed in the red. The BSE Sensex was down by 0.40% closing at 78,271.28, while the Nifty50 was down by 0.18% at 23,696.30. Among sectors, the Nifty FMCG and Nifty Realty indices saw a fall of more than 1.5%. Top Gainers …
Anant Raj Limited has been in focus on Monday post the announcement of the financial results for the quarter-ended December 31, 2024. On February 3, 2025, Anant Raj share price (NSE: ANANTRAJ) opened at ₹635.00, down from its previous close of ₹638.40. At 10:54 AM, the share price of Anant Raj was trading at ₹595.95, down by …
In the dynamic world of the stock market, short-term investments can offer opportunities, especially for those looking to capitalise on market fluctuations. This approach focuses on buying and selling stocks within a short period. In this article, check the best short-term stocks in February 2025, based on the 1-yr returns and also learn the benefits …
Hero MotoCorp received two orders from Rajasthan’s CGST authorities, the larger demand imposing a substantial penalty related to the alleged misclassification of supplied parts and accessories leading to a dispute over applicable tax rates. GST Demand Notices Issued to Hero MotoCorp Hero MotoCorp has received two tax demand orders from the Additional Commissioner of Central …
NLC India Limited, a Navratna public sector enterprise, has successfully acquired its third commercial coal mine, the New Patrapara South Coal Mine in Angul, Odisha. This achievement follows a competitive e-auction process conducted by the Ministry of Coal. The official vesting order was issued on February 4, 2025, marking a significant milestone in the company’s …
Jammu and Kashmir Bank witnessed a decline in its share price during Wednesday’s trading session following the receipt of a significant ₹16,000 crore GST demand. The notice, issued by the Joint Commissioner of Central GST Commissionerate, Jammu, includes both tax liability and a penalty amount. Market Reaction to the GST Notice The bank has received …
JTL Industries Limited has secured a significant order from the Public Health Engineering (PHE) Department, Jammu, for the supply of 3,000 metric tonnes of galvanised iron (GI) pipes. The order, valued at ₹24 crore, is a part of the Jal Jeevan Mission (JJM)—India’s ambitious initiative to provide tap water to every rural household. The supply …
India’s industrial equipment maker, Thermax Ltd, reported a consolidated net profit plunged 51% to ₹116 crore ($13.33 million) in Q3 FY24, compared to ₹238 crore in the same period last year. However, the previous year’s figure included a one-time gain of ₹126 crore from the sale of a plot of land, making the decline in …
The home appliances manufacturer’s net profit surged to ₹44 crore, compared to ₹28 crore in the same quarter last year. However, despite the profit increase, the company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) saw moderate growth rising to ₹69.3 crore from ₹62.8 crore in Q3 FY24. Margins remained unchanged at 4.1% year-on-year. Revenue …
