Company Overview Founded on June 15, 1987, Timken India Ltd. is a prominent player in manufacturing, distributing, and selling anti-friction bearings, primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products. Headquartered in Bangalore, India, the company serves a diverse customer base and also provides maintenance contracts and refurbishment services. Market …
Ratan Tata pioneered the concept of a brand subscription scheme in 1996. According to this arrangement, it required Tata-affiliated companies to pay 0.25% of yearly revenue or 5% of pre-tax profit for direct use of the Tata brand, and 0.15% for indirect use. Increase in Royalty Fee Tata Sons, the main holding company of the …
Akzo Nobel India Limited (Akzo Nobel) recently achieved a partial victory in an ongoing Goods and Services Tax (GST) matter. The company disclosed this development in a filing dated April 28, 2024. Background During a GST audit for the financial year 2018-2019, the Punjab GST Department issued Akzo Nobel a Show Cause Notice (SCN) dated …
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 …
