Ultratech Cement Ltd, a leading Indian cement manufacturer, recently encountered a setback with a Goods and Services Tax (GST) demand notice. The company disclosed this information through a filing with the stock exchanges on April 18, 2024. Details of the Notice Issuing Authority: Deputy Commissioner of State Tax, Jaipur, Rajasthan Reason: Discrepancy between the Input …
HCL Infosystems Limited, a leading IT services provider, recently disclosed a potential tax liability through an exchange filing. The company announced that it has received a demand order for approximately ₹1.81 crore (including interest) from the GST adjudication authorities in Delhi for the 2018-19 financial year (FY). This demand relates to a subsidiary, Digilife Distribution …
On May 9, 2024, Indian Hotels Company Limited (IHCL) informed the exchanges that the company had partnered with CG Hospitality, extending its existing alliance of TAL Hotels & Resorts Limited and Taj Safaris Limited. Through the platform Ekyam, Indian Hotels Company Limited aims to reach a portfolio of 25 hotels by 2025, focusing on adventure …
The value of promoter pledged holding in the companies of the BSE 500 index as a percentage of promoter holding has reduced to 1.1% in Q4 FY 2023-24 from 1.17% in Q3 FY 2023-24, The percentage of the pledged holdings of the promoter is at the lowest in the last two years now, the decline …
Godrej Industries Limited (GIL), a leading diversified conglomerate, announced today that it has acquired an additional 14% equity stake in Godrej One Premises Management Private Limited (GOPMPL), a subsidiary of the Company. This strategic move reinforces GIL’s control over the company responsible for managing its corporate headquarters, “Godrej One,” and future projects under “The Trees” …
On May 9, 2024, Infosys informed the stock exchanges that the company, in collaboration with Alliance for an Energy-Efficient Economy (AEEE) and the Indian Institute for Human Settlements (IIHS) launched a program called ASSURE (Accelerating Sustainable and Super-efficient Real Estate). ASSURE aims to decarbonise the country’s commercial building sector and cement its global leadership in …
Akshay Tritiya, also known as Akha Teej, is an auspicious festival in Hindu and Jain cultures, celebrated with much fervour across India. Investing in gold on Akshay Tritiya is not just a cultural practice but also a financial strategy deeply rooted in Indian tradition. From an investment perspective, gold continues to be a favoured asset …
On May 8, 2024, Route Mobile announced on the stock exchange filing that it was acquired by the Proximus Group through a strategic acquisition. Proximus Group provides digital services and communication solutions in Belgium and other global markets. In July 2023, Proximus Group finalised a deal with Route Mobile’s founding shareholders to acquire 57.56% of …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 520 points or 0.72% at 72,948, while the Nifty-50 was down around 161 points or 0.72% at 22,141. About 1,444 shares have advanced; 1,901 declined and 179 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Piramal Enterprises Ltd (PEL) recently announced plans to merge with its subsidiary, Piramal Capital and Housing Finance (PCHFL), in response to RBI regulations mandating listing for major financiers. The company aims to complete the merger within a year, subject to obtaining the necessary approvals. This strategic move reflects PEL’s commitment to compliance and adaptation in …
