HDFC Life Insurance Company Limited is issuing NCDs worth up to ₹1,000 crore to raise funds for general corporate purposes. These NCDs will be listed on the NSE and have a 10-year tenure with an option for early redemption after 5 years. Overview of the Fundraising Plan HDFC Life Insurance Company Limited is planning to …
Life Insurance Corporation of India (LIC), the country’s largest insurer, has been issued a demand notice amounting to ₹105.42 crore for the alleged short payment of Goods and Services Tax (GST). The notice, covering multiple states, includes interest and penalties for a period spanning seven financial years. LIC has acknowledged the communication in a regulatory …
Alldigi Tech Limited, formerly known as Allsec Technologies Limited, has announced a strategic partnership with LuLu Financial Holdings, a global financial services provider based in the UAE. This collaboration aims to redefine payroll and HR management solutions for small and medium enterprises (SMEs) across the Middle East and Africa (MEA) region. Alldigi Tech, a subsidiary …
HCLTech, a leading global technology firm, has announced a strategic collaboration with ChargePoint, a prominent provider of networked EV charging solutions. This partnership aims to accelerate innovation in electric vehicle (EV) charging software, a crucial component in the transition towards sustainable mobility. As of 10:43 AM on February 6, 2025, HCL Tech’s share price was …
Apollo Micro Systems Ltd., established in 1985 and headquartered in Hyderabad, stands as a distinguished leader in the design, development, and assembly of bespoke electronic and electro-mechanical solutions. Consortium Agreement with Redon Systems Pvt Ltd In a strategic move to bolster India’s defence manufacturing capabilities, Apollo Micro Systems has forged a landmark consortium agreement with …
Oswal Greentech Limited, established in 1981 and headquartered in New Delhi, India, predominantly operates in real estate development and strategic investments. The company’s activities span trading real estate assets, equity investments, and extending inter-corporate deposits. Oswal Greentech Limited Acquired 4.97% Stake in OAML In a significant move to bolster its influence and reaffirm its commitment …
InterGlobe Aviation Limited, the parent company of Indigo, has disclosed information related to penalties imposed by tax authorities. The company has received two significant GST-related penalty orders which are currently being contested. GST Penalty from Delhi South Commissionerate The Additional Commissioner of Central Goods & Service Tax – Delhi South Commissionerate has imposed a penalty …
India’s passenger vehicle sales saw a 15.53% increase in January 2025, largely due to delayed registrations from the previous month. According to data from the Federation of Automobile Dealers Associations (FADA), 4,65,920 cars were registered last month, compared to 2,93,465 units in January 2024. This also marks a 58.77% rise from December 2024. Registrations Pushed …
Dynamic Cables Limited, a government-recognised Two-Star Export House, recently announced a significant rectification in its income tax demand. The company has received a favourable order from the Income Tax Department, substantially reducing its tax liability for the assessment year 2022-23. The share price of Dynamic Cables was trading 1.32% lower as of 11:40 AM on …
Mahindra Electric Automobile Limited is all set to make Valentine’s Day 2025 even more exciting for EV enthusiasts by opening bookings for its much-awaited Electric Origin SUVs—the XEV 9e and BE 6. Starting from February 14, 2025, customers will have the opportunity to choose from nine distinct variants, catering to different preferences and budgets. This …
