Glenmark Pharmaceuticals Ltd has received a tax demand order from the Joint Commissioner of Central Goods and Services Tax and Central Excise (CGST & CX), Palghar, Maharashtra, amounting to ₹121.25 crore. The order, covering the period from 2017-18 to 2021-22, includes tax dues, interest, and penalties, the company disclosed in a regulatory filing on Friday. …
Mining conglomerate Vedanta Ltd has received two tax demand orders from the Office of the Commissioner, Central Goods and Services Tax (CGST) & Central Excise, Rourkela Commissionerate. The orders, both dated February 6, 2025, seek penalties totalling ₹141.36 crore, along with tax demands and applicable interest. Breakdown of the Tax Demand The first order imposes …
On Monday, February 10, 2025, the Indian stock market is expected to open on a weaker note, with benchmark indices Sensex and Nifty 50 likely to decline amid global market uncertainties. Here are the key stocks to watch today: Delhivery Delhivery reported an increase in its net profit for the December quarter, reaching ₹24.9 crore compared …
Aadhar Housing Finance, a non-banking finance company (NBFC), reported a 17.17% rise in its net profit for the third quarter of FY25. The company’s profit after tax (PAT) for Q3 FY25 stood at ₹239.34 crore, up from ₹204.37 crore in the same quarter last year. The total income for the quarter reached ₹797.64 crore, reflecting …
Bharti Hexacom shares surged by 7.7% on Thursday, reaching an intraday high of ₹1,412.95 on the BSE, following the release of its Q3 results after market hours. Stock Performance By 11:24 AM, Bharti Hexacom shares were up by 6.02%, trading at ₹1,390.1 on the BSE. In comparison, the BSE Sensex was up 0.19% at 78,203.18. …
Mahindra & Mahindra (M&M) reported strong growth in its financial results for Q3FY25, with higher profits and revenue. The company’s consolidated net profit rose 19.64% year-on-year (YoY) to ₹3,181 crore, compared to ₹2,658 crore in the same quarter last year. Revenue from operations increased 17.74% YoY to ₹41,465 crore from ₹35,218 crore in Q3FY24. Strong …
Ola Electric reported a net loss of ₹564 crore in Q3FY25, rising from ₹376 crore in the same quarter last year. In the previous quarter (Q2FY25), the company had a net loss of ₹495 crore. The company’s revenue from operations fell 19.36% year-on-year (YoY) to ₹1,045 crore, compared to ₹1,296 crore in Q3FY24. Ola Electric’s …
On February 6, 2025, ITC Ltd announced the acquisition of Prasuma, a leading player in the frozen, chilled and ready to cook foods space in India. For this, the company has signed definitive agreements. ITC further stated that this acquisition will further fortify its presence in these future-facing categories, with current annual market size of over ₹10,000 …
NTPC Green Energy Limited has formed a joint venture, AP NGEL Harit Amrit Ltd, with the Andhra Pradesh government. The 50:50 venture will focus on renewable energy, green hydrogen production, and hydro projects. New Joint Venture to Drive Renewable Energy Projects NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has successfully incorporated a new …
On February 7, 2025, Samvardhana Motherson shares were in focus, reaching a day high of ₹139.25. The gain in Samvardhana Motherson shares came after the company announced a strategic partnership with Sanko Japan, a leader in material handling solutions such as sustainable packaging solutions. This partnership marks the company’s another step to become a globally preferred sustainable …
