The Delhi High Court has ruled in favour of Bharti Airtel and Indus Towers, affirming that telecom towers qualify as “movable” property and are thus eligible for input tax credit (ITC) under tax laws. In its ruling on December 12, the court rejected the tax department’s argument that telecom towers should be classified as “immovable” …
KPI Green Energy’s subsidiary, Sun Drops Energia Private Limited, has bagged an order to develop solar power projects with a cumulative capacity of 62.20 MW. These projects fall under the Captive Power Producer (CPP) segment and are expected to be completed in the financial year 2025-26, executed in phases as per the agreement. The company’s …
The Indian stock market extended the gains for the third straight day on January 16, 2025. The BSE Sensex closed 0.42% higher at 77,042.82, while Nifty50 rose 0.42% to 23,311.80. During the session, many stocks, including Reliance Power and Aeroflex Industries hit circuit limits, indicating significant price movements. Here is the list of stocks hitting lower and upper circuits …
New Standard Engineering Company Ltd, NESCO Ltd, is a distinguished Indian conglomerate with diversified interests spanning infrastructure and hospitality. Headquartered in Mumbai, the company is widely celebrated for its iconic Bombay Exhibition Centre (BEC), one of the country’s premier venues for trade shows, exhibitions, and grand events. Contract for Expressway With ₹300 Crores Revenue Potential …
Quadrant Future Tek’s share price slipped 1.93%, trading at ₹522.50 at 10:30 AM on the BSE, after opening at ₹550.05, up from the previous close of ₹532.80. The stock reached an early high of ₹564.05 before cooling off to ₹507.95. Following a strong market debut on Tuesday, the stock has gained more than 80% from its …
Bengaluru-based Infosys is scheduled to announce its Q3 FY25 results today. Infosys is expected to report flat quarter-on-quarter revenue of $4,895 million in USD for Q3 FY25. Infosys Q3 Earnings Preview As per news reports, Infosys is expected to see a modest 0.7% quarter-on-quarter revenue growth in rupee terms, reaching ₹41,281 crore compared to ₹40,986 crore last …
Voltas announced the completion of transferring its 100% investment in Weathermaker FZE to Universal MEP Projects Pte Limited (UMPPL), receiving ₹30 crore. The transfer maintains Voltas’ economic interest in the company. Transfer of Investment Details Voltas Limited has informed that, following the satisfaction of all conditions precedent and receipt of necessary approvals, it has completed the …
Exide Industries announced that it has invested ₹149.99 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL), to support a lithium-ion battery manufacturing project in Bengaluru. Investment Details Exide Industries Limited (EIL) has announced an investment of ₹149.99 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), via a rights issue on …
On January 16, shares of several sugar companies experienced significant gains. This rally was attributed to news reports indicating that the Union Cabinet is likely to approve an increase in ethanol prices. With ethanol being a critical byproduct of sugar production, this anticipated price hike brought optimism to the sugar industry. Ethanol Price Hike: As …
Reliance Industries Ltd (RIL) is expected to report strong Q3 FY25 earnings, driven by improvements in its oil-to-chemicals (O2C) and digital services sectors. Retail revenue may dip slightly, but Jio’s ARPU is expected to grow. The growth in subscriber numbers will be an important factor to monitor. Reliance Industries Q3 Earnings Preview As per news …
