ICICI Securities Ltd, a subsidiary of ICICI Bank operates in the broking business (both retail and institutional), distributes financial products and offers banking services alongside advisory services. There have been reports of its delisting from the stock exchange and merger with ICICI Bank, its parent company. Lawsuit against ICICI Securities Just weeks after gaining shareholder …
On April 27, 2024, TVS Motor Company displayed its electric scooter, TVS iQube, for the first time at the Makina Motoshow in Manila, Philippines. TVS iQube has innovative EV technology, strong build quality and high comfort of a premium scooter with zero tailpipe emission. The scooter is already the choice of about 3,00,000 customers in …
HCL Infosystems Limited, a leading IT services provider, recently disclosed a potential tax liability through an exchange filing. The company announced that it has received a demand order for approximately ₹1.81 crore (including interest) from the GST adjudication authorities in Delhi for the 2018-19 financial year (FY). This demand relates to a subsidiary, Digilife Distribution …
Akzo Nobel India Limited (Akzo Nobel) recently achieved a partial victory in an ongoing Goods and Services Tax (GST) matter. The company disclosed this development in a filing dated April 28, 2024. Background During a GST audit for the financial year 2018-2019, the Punjab GST Department issued Akzo Nobel a Show Cause Notice (SCN) dated …
Ircon International Limited (IRCON), a leading construction company under the Ministry of Railways, has secured a significant contract in collaboration with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA). This joint venture, known as Ircon-DRA JV, has been awarded the Letter of Award (LOA) for the construction of a critical railway line segment. Project Details The …
The benchmark index S&P BSE 500 opened today at 33,034.96 and made its day high at 33,041.67, and it is trading in green today, up by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% today. Aegis Logistics Ltd …
SEBI Asks for Higher Regulatory Fees Based on Notional Value of Options Contracts The crux of the issue lies in the calculation of the regulatory fees that BSE needs to pay to SEBI. Previously, BSE calculated the fees based on the premium value of options contracts. However, SEBI has now mandated that the fees be …
Adani Enterprises Ltd. which is the flagship arm of the Adani Group led by Billionaire Gautam Adani is aiming to expand their data centre business, The Adani Enterprises Ltd. and EdgeConnex are looking to invest around $5Billion for the next 5 years, to develop 1GW of data centre capacity before 2030. It is in talks …
At 10:30 am, the BSE Sensex surged 65%, reaching a level of 74,209. The Nifty 50 index is up 0.44% to the 22,520 level. On the Sensex, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were among the top gainers, whereas Wipro Ltd, ITC Ltd and HCL Technologies were among the market draggers. Some of …
On Monday, the benchmark indices were trading in the green with the Sensex up around 370 points or 0.50% at 74,090, while the Nifty-50 was up around 65 points or 0.30% at 22,500. About 1,992 shares have advanced; 1,205 declined and 128 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
