A nine-judge constitution bench of the Supreme Court has issued a key ruling on mining company taxes, allowing states to collect past dues on royalty and taxes for mineral-bearing land dating back to April 1, 2005. The court has permitted these dues to be paid in staggered instalments over 12 years, starting from April 1, …
On August 14, 2024, SKF India’s Board of Directors approved the unaudited financial results for the quarter and half-year ending June 30, 2024. SKF India is a top provider of bearings, condition monitoring, and related services. For the quarter ended June 30, 2024, SKF India reported a revenue of ₹12,062 million, an increase from ₹11,496 …
On August 14, 2024, Gensol Engineering Limited, in partnership with Matrix Gas & Renewables Ltd, announced its success in securing a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme. The company stated that this bid, awarded through a competitive tender by the Solar Energy Corporation of India (SECI), will fund the establishment …
Piccadily Agro Industries Limited (PAIL) has announced its financial results for the first quarter of FY 2024-25, highlighting both challenges and growth within the company. On a standalone basis, PAIL reported a total income of ₹209 crore, reflecting an 8.7% decline from ₹229 crore in the corresponding quarter of the previous fiscal year. Despite the …
PSP Projects, a renowned name in India’s construction industry, announced a significant achievement on Wednesday, August 14. The company has secured multiple contracts worth a cumulative over Rs 650 crore, marking a strategic expansion of its portfolio in civil and structural engineering projects. These contracts not only underscore the company’s robust operational capabilities but also …
On Wednesday, the Indian stock markets exhibited a positive bias, trading within a narrow range. Among the stocks making headlines was EPL Ltd., which witnessed an impressive double-digit rally. EPL shares surged nearly 12%, reaching a 52-week high of Rs 252.90 apiece on the NSE. This rally came on the back of the company’s strong …
Introduction to Power Mech Projects Ltd (PMPL) Incorporated in 1999, Power Mech Projects Ltd (PMPL), based in Hyderabad, is a leading engineering and construction services provider with a primary focus on the power and infrastructure sectors. Over the years, PMPL has diversified its operations across a broad spectrum of industries, including Railways, Transmission & Distribution …
Blue Dart, one of South Asia’s logistics players, recently announced an upgrade to its service network as the company has added over 300 new pin codes to its direct delivery reach to boost its coverage across India. This expansion means Blue Dart now directly serves a variety of locations, allowing it to better serve businesses …
LTIMindtree Limited is an Indian multinational information and technology (IT) services and consulting company based in Mumbai. Founded in 1996 as a subsidiary of Larsen & Toubro, it now employs over 81,000 people. Recognized as a leader in the IT industry, LTIMindtree delivers innovative solutions to clients globally. With a strong emphasis on technology and …
An Adani Power-owned coal-fired power plant, previously obligated to sell its entire output to Bangladesh, has been granted the flexibility to supply the domestic market. This significant amendment to India’s power export rules aims to mitigate political risks associated with exporting electricity to neighbouring countries. The internal federal power ministry memo, dated August 12, amends …
