On August 13, the Nifty 50 and Sensex were down by 0.85% and 0.87%, closing at 24,139 and 78,956, respectively. Top Gainers and Losers All sectors were in the green, except for Nifty Consumer Durables, Nifty Mid-Small Healthcare, and Nifty Healthcare Index, which showed gains. On the other hand, Nifty Financial Services, Nifty Financial Services …
Infosys Ltd. has received partial relief as the Directorate General of GST Intelligence (DGGI) withdrew its tax demand of Rs.3,898 crore for FY18. According to the reports, this decision follows the Centre’s intent to resolve the ongoing tax dispute swiftly. Background of the Tax Dispute The tax dispute began when Karnataka GST officials issued a …
In a formal ceremony, CIL chairman P. M. Prasad received the dividend from BCCL chairman and managing director Samiran Dutta. On August 1, during BCCL’s 53rd Annual General Meeting, shareholders approved the dividend payment. Dutta credited the company’s steady growth rate of 15 percent over the past few years for its solid financial performance and …
In a crucial auction, Omkara Asset Reconstruction Company (ARC) has emerged as the winning bidder to acquire non-performing assets (NPAs) worth Rs.6,151.16 crore from the Stressed Asset Stabilisation Fund (SASF) of the erstwhile Industrial Development Bank of India (IDBI), according to the reports. This sale translates to a recovery of 10.5% for IDBI Bank, positively …
Gautam Adani, the 62-year-old chairman of Adani Group, has announced his intention to retire by the age of 70 and transfer control of his $213 billion empire to the next generation by the early 2030s. In an interview with media, Adani detailed his succession plan, emphasizing that his sons, Karan and Jeet, along with their …
On August 2, 2024, the benchmark indices Nifty 50 was down 1.17% to close at 24,717, and Sensex was down 1.08% to close at 80,981. Top Gainers and Losers On the sectoral front, the Nifty Pharma and Healthcare Index ended in the green. Meanwhile, Nifty Realty, Auto, Metal, and IT were declining. The top gainers …
On August 01, 2024, Godrej Agrovet Limited (GAVL), one of India’s largest food and agri-business companies, announced it had signed a definitive agreement with Tyson India Holdings Limited, a branch of Tyson Foods, Inc., to buy Tyson’s 49% stake in Godrej Tyson Foods Limited (GTFL). This move will give GAVL full ownership of GTFL, strengthening …
If you missed the impressive rally in Zomato’s stock, don’t worry—there’s another stock that’s benefiting immensely from Zomato’s success. Info Edge (India) Ltd. has seen its shares surge over 5.5% recently, reaching a fresh 52-week high of Rs 7,327.75 on the NSE. With the stock nearing its record high of Rs 7,465, which was last …
PVR, founded in June 1997, has been operating for 27 years and employs over 20,000 people. Priya Village Roadshow Ltd and known for PVR Cinemas, is an Indian multiplex chain based in Delhi. It was formed through the merger of PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by opening …
Introduction PVV Infra Limited, a player in the infrastructure and solar power sector, has recently made headlines with its significant corporate announcement. On August 2, 2024, the company’s Board of Directors approved a 1:1 bonus share issue, sparking a surge in investor interest and propelling the stock to hit its upper circuit limit. Let’s delve …
