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 …
Adani Ports share price recovered significantly on Monday, April 7. This happened after the company announced the start of operations at the Colombo West International Terminal (CWIT). CWIT is located at the Port of Colombo. Public-Private Partnership CWIT was developed through a public-private partnership. The operating consortium includes APSEZ, a major port operator from India. Sri …
Brightcom Group Limited, a key player in the digital advertising and media technology space, has informed stock exchanges that it will soon declare its audited financial results for the fourth quarter and full year ended March 31, 2025, as per the company’s stock exchange filings. Regulatory Compliance in Place Ahead of Results In accordance with …
Suzlon Energy share price saw a sharp 17% fall on Monday morning, April 7, making a weak start to the new trading week. The stock slipped to an intraday low of ₹46.15, marking its lowest level in the past month. This sudden dip has added to an already downward trend, with the Suzlon Energy share …
Tata Power, one of India’s largest integrated power companies, has announced its plans to install a 100 MW Battery Energy Storage System (BESS) in Mumbai over the next two years. The initiative has received approval from the Maharashtra Electricity Regulatory Commission (MERC) and is part of the company’s broader commitment to driving energy innovation and …
India is making rapid strides in the solar energy sector, fueled by the government’s strong commitment to renewable energy. The country’s installed solar capacity has grown exponentially from 2.6 GW in 2014 to 84.27 GW, marking a significant milestone in its clean energy journey. This impressive expansion has positioned India as the world’s 5th largest …
