Vedanta Group’s Hindustan Zinc Ltd (HZL) has found itself in a tax dispute, with penalties amounting to ₹92.55 crore levied by the Deputy Commissioner of State Tax, Udaipur. The case revolves around input tax credit claims under Section 17(5) of the GST law for two financial years 2018-19 and 2019-20. What Happened? The penalties are …
Power Finance Corporation’s share price rose by 2.37%, trading at ₹427.30 on the NSE at 10:00 AM. The stock opened at ₹424.30, up from its previous close of ₹417.30. It surged over 7% in yesterday’s session, ending a six-day losing streak. Shares Rise on KSK Mahanadi Insolvency Resolution As per news reports shares of PFC jumped …
L&T Technology Services is set to release its third-quarter results for fiscal 2025 today. As per news reports, L&T Technology is expected to report a 3% year-on-year drop in net profit, while revenues may see a 10% YoY growth in the third quarter. L&T Technology Q3 Earnings Preview As per news reports, L&T Technology is …
Blue Dart, South Asia’s premier express air and integrated transportation and distribution company, has launched its largest low-emission integrated facility in Bijwasan, Delhi, marking a significant step towards sustainability and operational excellence. The 2.5 lakh sq. ft. hub optimises logistics and supports decarbonisation. Introduction to the Facility The facility is equipped with solar power installations …
Larsen & Toubro (L&T) has launched the Indian Navy’s second Multi-Purpose Vessel (MPV), INS Utkarsh, from its Kattupalli Shipyard near Chennai. This launch comes just three months after the first MPV, INS Samarthak, and is a step in expanding the country’s Navy fleet. INS Samarthak is currently undergoing tests and trials before being handed over …
CESC declared a dividend of ₹4.50 per share, announced on January 10, 2025. The ex-dividend date for shareholders to be eligible for the payout is set for tomorrow, January 16, 2025. Corporate Action History CESC has consistently declared interim dividends of ₹4.50 per share in recent years. The company announced the latest dividend of ₹4.50 …
Aditya Birla Fashion Ltd announced that its board has approved plans to raise ₹5,000 crore, following a meeting held on Wednesday, January 15, 2025. The funds will be raised through a combination of methods, including a preferential issue of shares and Qualified Institutional Placement (QIP). QIP Details The company stated in its exchange filing that …
On January 15, 2025, Sun Pharma share price traded down by 1.05% at 11:58 AM (IST) at ₹1749.80, up for the second con while the BSE benchmark Sensex gained 269.62 points to 76,769.26. Sun Pharma’s share price reached a 52-week high of ₹1,960.23 on November 30, 2024, and a 52-week low of ₹1,290.70 on January 18, 2024. …
Jammu and Kashmir Bank (J&K Bank) has received an administrative warning from the Securities and Exchange Board of India (SEBI) over a delay in disclosing the appointment of its new Managing Director and CEO, Amitava Chatterjee. The private sector lender informed stock exchanges about this development on Tuesday, January 14, 2025. Appointment Details and Regulatory …
Escorts Kubota, a prominent player in the farm and construction equipment sector, announced a significant legal victory on Tuesday, January 14, 2025. The Delhi High Court dismissed the appeal filed by the Income Tax Department against the company for the assessment year (AY) 1986-87. The court order, dated January 10, 2025, was made publicly available …
