The National Company Law Appellate Tribunal (NCLAT) has dismissed IDBI Bank’s plea seeking insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). The appellate body upheld the earlier decision of the National Company Law Tribunal (NCLT), which had rejected the bank’s plea. The ruling is a relief for Zee Entertainment, which had opposed the initiation of …
Hyundai Motor India Limited (HMIL) has expanded its eco-friendly portfolio with the launch of a new EX variant in the EXTER Hy-CNG Duo lineup. Specifically designed for the Gen MZ (Millennial and Gen Z) audience, the new variant combines affordability, efficiency, and style, delivering a smart mobility solution for the urban driver. Efficient and Stylish …
Ola Electric has come under the scanner for allegedly inflating its February 2025 sales figures. As per news reports, the company reported “more than 25,000 units” sold in February, but government vehicle registration data shows only around 8,600 units were officially registered. This discrepancy triggered a probe by the Ministry of Road Transport and Highways …
Sun Pharmaceutical Industries Limited (Sun Pharma) has introduced FEXUCLUE® (Fexuprazan) 40 mg tablets in India. This new drug, a potassium-competitive acid blocker (P-CAB), is designed to treat Erosive Esophagitis in adults. FEXUCLUE® offers fast action, stable gastric acid suppression, and can be taken with or without food. Key Benefits of FEXUCLUE® Fast Onset & Long-Lasting …
GMR Airports share price rose 2.79% to ₹83 per share on the NSE on Monday, April 7, 2025, despite a weak market. The rise in stock price came after the company announced that its step-down subsidiary, GMR Airport Developers (GADL), had acquired GADL LLC. Details of the Acquisition GMR Airports stated in an exchange filing …
Dr Reddy share price plunged 7.55% on April 7, hitting an intraday low of ₹1,025.90. The decline followed a show cause notice from the Income Tax (I-T) department regarding a tax reassessment. Tax Notice Details The I-T department issued a notice of ₹2,395.81 crore under Section 148A of the Income Tax Act. The notice, received …
The Indian chemical sector, once considered a rising star in manufacturing, is now dealing with multiple challenges that threaten its growth outlook. Recent market trends show that chemical stocks are under sustained selling pressure, largely driven by a combination of global tariffs, overcapacity, and increasing international competition. Tariffs and Trade Tensions Fuel Uncertainty The latest drop follows …
The Securities and Exchange Board of India (SEBI) is likely to initiate an investigation into Gensol Engineering Limited (GEL), a solar EPC company listed in 2019. According to reports, the regulator is looking into alleged irregularities in related-party transactions and potential submission of falsified debt servicing documents to rating agencies. As of 9:30 AM on …
Puravankara Limited has made a significant announcement involving its wholly owned material subsidiary, Starworth Infrastructure and Construction Limited. The subsidiary has received a Letter of Intent (LOI) from Ranka Properties Private Limited for a major construction project. This development aligns with the company’s broader operational growth and was disclosed in accordance with SEBI’s listing regulations. …
Endurance Technologies Limited has received an Eligibility Certificate from the Directorate of Industries, Government of Maharashtra. The certificate, dated March 25, 2025, confirms the company’s qualification under the 2019 Package Scheme of Incentives for a project expansion. Incentives Details The company qualifies to receive financial incentives worth ₹6,060.32 million. These incentives are for the investment …
