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 …
Ircon International Limited (IRCON), a leading construction company under the Ministry of Railways, has secured a significant contract in collaboration with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA). This joint venture, known as Ircon-DRA JV, has been awarded the Letter of Award (LOA) for the construction of a critical railway line segment. Project Details The …
The benchmark index S&P BSE 500 opened today at 33,034.96 and made its day high at 33,041.67, and it is trading in green today, up by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% today. Aegis Logistics Ltd …
SEBI Asks for Higher Regulatory Fees Based on Notional Value of Options Contracts The crux of the issue lies in the calculation of the regulatory fees that BSE needs to pay to SEBI. Previously, BSE calculated the fees based on the premium value of options contracts. However, SEBI has now mandated that the fees be …
Adani Enterprises Ltd. which is the flagship arm of the Adani Group led by Billionaire Gautam Adani is aiming to expand their data centre business, The Adani Enterprises Ltd. and EdgeConnex are looking to invest around $5Billion for the next 5 years, to develop 1GW of data centre capacity before 2030. It is in talks …
At 10:30 am, the BSE Sensex surged 65%, reaching a level of 74,209. The Nifty 50 index is up 0.44% to the 22,520 level. On the Sensex, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were among the top gainers, whereas Wipro Ltd, ITC Ltd and HCL Technologies were among the market draggers. Some of …
On Monday, the benchmark indices were trading in the green with the Sensex up around 370 points or 0.50% at 74,090, while the Nifty-50 was up around 65 points or 0.30% at 22,500. About 1,992 shares have advanced; 1,205 declined and 128 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
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 …
On April 29, 2024, Gland Pharma Limited informed the stock exchanges that the company had received approval from the United States Food and Drug Administration (USFDA) for Cetrorelix Acetate for Injection, 0.25 mg/vial, Single-Dose Vial. The Cetrorelix Acetate for Injection, 0.25 mg/vial, Single-Dose Vial is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), …
It was an excellent Friday and week for the Nifty Smallcap Index. The Nifty Smallcap 100 index surged by 4.37% over the week, closing higher in all five trading sessions, with Friday’s session ending at a record high. Interestingly, besides the small-cap index, the India VIX (the volatility gauge for Indian markets) attracted attention as …
