Escorts Kuborta is an Indian MNC that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. The Company is set to invest Rs.4,500 crores For Expansion in the next 3-4 Years in a new manufacturing plant in Ghiloth, Rajasthan. About The Plant Escorts Kubota Ltd has planned to invest up …
Adani Enterprises, the leading company within the Adani-led conglomerate has announced that it is set to allocate Rs.80,000 crore across its various sectors in the ongoing fiscal year. The majority of this investment in the FY25 will be directed towards expanding its new energy ventures and airport operations. Renewable Energy Investment in ANIL Division Adani …
The benchmark index S&P BSE 500 opened today at 32,328.20 and made its day high at 32,355.17, and it is trading in red today, down by over 0.90%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Piramal Pharma Ltd Shares …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. NHPC Ltd NHPC Ltd showed moderate trading activity with a slight increase in its stock price, closing at Rs 94.35, up by 0.75% from the previous close of Rs 93.65. The stock traded …
On May 10, 2024, TVS Holdings Limited informed the exchanges that the company’s board approved the acquisition of an 80.74% equity stake of Home Credit India Finance Private Limited (Home Credit India) for ₹554 crore (proposed transaction). The remaining 19.26% of the equity stake will be bought by Premji Invest and other associates. After signing …
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 …
