Bajaj Auto Limited has announced that it will need to increase its provision for deferred tax by Rs 211 crore due to recent changes in tax regulations pertaining to long-term capital gains on debt mutual funds. The company’s investments in debt mutual funds have resulted in fair value gains, which are subject to deferred tax …
The Ministry of Labour and Employment has proposed a significant change in the Provident Fund (PF) to enhance the financial security of retirees by increasing their monthly pension. The proposal is to raise the wage ceiling for PF contributions by ₹6,000 under EPFO. This could significantly increase the maximum pension payout for organised sector employees …
Zen Technologies Limited, a prominent player in the defence simulation and technology sector, has achieved a significant milestone with the granting of a patent for its innovative Mine Detection System in India. This breakthrough underscores the company’s dedication to developing cutting-edge solutions for the Indian defence forces. The patented system incorporates advanced GPS/GIS technology to …
Veranda Learning Solutions, a leading provider of end-to-end educational solutions, has announced its entry into the Middle East market through its renowned brand, J.K. Shah Classes. In collaboration with Jumeira University Connect, the company will offer a Chartered Accountancy (CA) preparation course tailored for students in the UAE. This strategic move marks a significant milestone …
Adani Wilmar Ltd., a prominent player in the Indian agribusiness sector, has successfully expanded its reach into the chemical manufacturing industry. By acquiring a significant stake in Omkar Chemical Industries Pvt. Ltd., the company is poised to enhance its production capabilities and strengthen its position in the market. Adani Wilmar Finalizes Major Acquisition Adani Wilmar …
On August 5, 2024, Lupin Ltd announced the incorporation of Lupin Lanka (Private) Ltd as a wholly owned subsidiary, based in Sri Lanka. Lupin Lanka is established with a primary focus on the pharmaceutical sector. The subsidiary aims to expand Lupin Ltd’s presence in the Sri Lankan pharmaceutical market, aligning with the company’s global growth …
Bharti Hexacom Limited announced its financial results for the quarter ended June 2024. The company reported strong financial results for the first quarter of FY25, with revenues reaching ₹1,911 crore, marking a 13.6% year-on-year (YoY) increase and a 2.3% rise quarter-on-quarter (QoQ). The company’s performance was driven by robust growth in its mobile services and …
Som Distilleries and Breweries Limited released its financial results for Q1 FY 2025. The company reported a total income of ₹513.7 crores, a 33% increase compared to ₹386.6 crores in Q1 FY 2024. The company achieved an EBITDA of ₹64.8 crores, marking a nearly 30% growth from ₹50.1 crores in the previous year, with an …
Oil and Natural Gas Corporation Ltd (ONGC) announced its financial results for the quarter ended June 30, 2024. In Q1 FY 2025 (standalone), the company’s gross revenue touched ₹35,266 crore, up by 4.3% from ₹33,814 crore in Q1 FY 2024. The net profit was ₹8,938 crore, which declined from ₹10,527 crore in Q1 FY 2024. …
Vikas Lifecare Limited announced the stock exchanges about a strategic collaboration with the Defence Electronic Applications Laboratory (DEAL), a premier lab under the Defence Research and Development Organisation (DRDO) in Dehradun, the Indian Institute of Technology (IIT) Delhi, and the CSIR-National Physical Laboratory (CSIR-NPL) in Delhi. This partnership aims to advance the development of Nano …
