SBI Life Insurance Company Ltd has received an Income Tax Order from the Faceless Assessment Unit for the Assessment Year 2023-24 (FY 2022-23), raising a tax demand of ₹352.50 crore along with ₹78.50 crore in interest. The company has stated that it will contest the demand through an appeal. Tax Demand and Basis of Dispute …
Rail Vikas Nigam Limited (RVNL) has been awarded a crucial railway electrification contract after emerging as the lowest bidder (L1). This project, undertaken in collaboration with Central Railway, is part of India’s ongoing infrastructure modernisation efforts. Project Overview and Scope RVNL secured the contract for Overhead Equipment (OHE) modification work, upgrading the existing 1×25 KV …
Seamec Limited has signed a subcontract agreement with Posh India Offshore Private Limited for specific installation works under major ONGC projects. This partnership is a part of the company’s ongoing efforts to expand its business operations. Agreement Overview Seamec Limited has entered into a subcontract agreement with Posh India Offshore Private Limited to carry out …
Interarch Building Solutions Limited has partnered with Moldtek Technologies Limited (MTTL) to expand its global presence. This collaboration is expected to enhance business opportunities in the international market for Pre-Engineered Metal Building (PEMB) and structural steel projects. Partnership Details Interarch has entered into a Memorandum of Understanding (MOU) with Moldtek Technologies Limited. As part of …
Tata Group company Tata AutoComp Systems Ltd. has announced its decision to acquire International Automotive Components Group Sweden AB (IAC Sweden). The acquisition is to expand Tata AutoComp’s presence in Europe and strengthen relationships with Original Equipment Manufacturers (OEMs) in both the passenger and commercial vehicle segments. Financial terms of the deal have not been …
On March 25, 2025, Godrej Properties shares were in focus as the company announced a significant business development. The company in the exchange filing stated that it has achieved home sales of over ₹1,000 crores with a total area of ~0.84 million sq. ft. from its recently launched project, Godrej Madison Avenue, Kokapet, Hyderabad. Features …
ITC Hotels’ share price rose by 2.08% to ₹199.55 at 11:20 AM, as of March 25, 2025, reflecting a positive market trend. The stock opened at ₹196.70 and reached an intraday high of ₹201.77 before touching a low of ₹196. The stock had hit a 52-week high on Friday, last week. ITC Hotels Included in FTSE …
In a move poised to provide significant financial relief to India’s telecom industry, the government has decided to waive Spectrum Usage Charges (SUC) for airwaves acquired through auctions before September 2021 as mentioned in various news reports. This decision is expected to be a game-changer for telecom operators, helping companies like Vodafone Idea, Airtel, and Reliance Jio conserve substantial …
On March 25, 2025, as of 12:18 PM, the BSE Sensex was up 0.05% at 78,027.75, while the Nifty 50 was up 0.11% at 23,683.20. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng ULTRACEMCO 11,240.00 11,470.90 11,204.70 11,451.10 3.62 TRENT 5,121.45 5,204.55 5,066.00 5,186.80 …
State-run power giant NTPC Limited announced on Monday, March 24, 2025, that the Commercial Operation Date (COD) for its Kerandari Coal Mining Project (KDCMP) has been set for April 1, 2025. Commercial Operation of Kerandari Coal Mining Project The company disclosed the update in an exchange filing, stating, “We wish to inform you that Commercial …
