Clipped from: https://www.business-standard.com/article/companies/hero-motocorp-tax-case-i-t-finds-rs-800-cr-siphoned-off-via-shell-firms-122033101550_1.html The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies Photo: Bloomberg An expenditure
Category: Company Specific News
Hero MotoCorp tax case: I-T finds Rs 800 cr siphoned off via shell firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/hero-motocorp-tax-case-i-t-finds-rs-800-cr-siphoned-off-via-shell-firms-122033101550_1.html The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies Photo: Bloomberg An expenditure
Paytm has got customers by way of cashback, not by rendering services: Aditya Puri – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/paytm-has-got-customers-by-way-of-cashback-not-by-rendering-services-aditya-puri/articleshow/90537361.cms Synopsis Aditya Puri said service providers like Amazon and Google Pay cannot start a bank of their own and if they do, then
University of California picks up 0.57% stake in Kotak Mahindra Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/university-of-california-picks-up-0-57-stake-in-kotak-mahindra-bank-122032401264_1.html The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board (CPPIB), data released by BSE showed The Regents
Retail investors grappling with new age stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/retail-investors-grappling-with-new-age-stocks/article65237797.ece Zomato adds 1.5 lakh investors; Paytm 52,000 The brutal sell-off in new-age technology companies has caught retail investors off-guard. Shares of Paytm, PolicyBazaar,
Turnaround czar: How Sandeep Bakhshi has transformed ICICI Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/turnaround-czar-how-sandeep-bakhshi-has-transformed-icici-bank-122031401323_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Sandeep Bakhshi has restored ICICI Bank’s brand equity, strengthened its balance sheet, and delivered profitable growth at a turbulent time in its history
Future Retail: Breaking down Amazon’s battle with Reliance for India’s retail supremacy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/breaking-down-amazons-battle-with-reliance-for-indias-retail-supremacy/articleshow/90262617.cms Synopsis Amazon and Future agreed to out-of-court settlement discussions this month, but the two sides told India’s Supreme Court on March 15 they
Paytm Payments Bank: As Paytm assesses payments bank blow, another question looms: Where’s the bottom for the stock? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/as-paytm-assesses-payments-bank-blow-another-question-looms-wheres-the-bottom-for-the-stock/primearticleshow/90209413.cms SynopsisPayments bank is a major growth driver for One97 Communications. While an RBI curb on onboarding new customers may not have a huge
paytm payments bank: RBI to lay out IT audit guidelines for Paytm Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/rbi-punished-paytm-payments-bank-for-sharing-data-with-china-firm-report/articleshow/90201281.cms Synopsis Will pick auditor after entity submits names of candidates; Paytm founder denies data leaks to Chinese cos Mumbai/ Bengaluru: India’s central bank would set
At 642, Kotak Mahindra Bank hit by highest number of bank frauds of Rs 1 lakh and more in Apr-Dec FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/at-642-kotak-mahindra-bank-hit-by-highest-number-of-bank-frauds-of-rs-1-lakh-and-more-in-apr-dec-fy22/articleshow/90204053.cms Advertorial Eco-friendly cryptos to watch out for this year Synopsis Cryptocurrency mining currently consumes an alarming amount of fossil fuels. But it doesn’t
SC takes note of litigant’s apology for frivolous cases against Azim Premji | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sc-takes-note-of-litigant-s-apology-for-frivolous-cases-against-azim-premji-122031000838_1.html The SC took note of unconditional apology of R Subramanian, who through various companies initiated a maze of frivolous litigations against Azim Premji
Reliance Industries sells CBM gas for over $23; HOEC gets $25 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-industries-sells-cbm-gas-for-over-23-hoec-gets-25-122031000960_1.html The firm had sought bids at a premium over the base of 13.2 per cent of Brent crude oil prices Reliance Industries Reliance
Ashok Leyland tanks 22% in 1 week on margin concerns; hits 15-month low | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/ashok-leyland-tanks-22-in-1-week-on-margin-concerns-hits-15-month-low-122030800687_1.html The company’s raw material costs in Q3 rose to 77.9 per cent of sales, up 120 bps quarter-on-quarter Shares of Ashok Leyland hit a 15-month
Cementing Ambuja’s success story – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/cementing-ambujas-success-story/article65199574.ece Title: The Ambuja Story: How a Group of Ordinary Men Created an Extraordinary Company Author: Narotam Sekhsaria Publisher: Harper Business Price: Rs. 699
Buy Reliance Industries, Asian Paints stocks for near-term gains as Nifty daily chart shows strength – The Financial Express
lipped from: https://www.financialexpress.com/market/cafeinvest/buy-reliance-industries-asian-paints-stocks-for-near-term-gains-as-nifty-daily-chart-shows-strength/2436468/ Upside acceleration towards the 17800 levels is likely once the Nifty takes out the downward sloping trend line Daily chart indicates Nifty 50
RBL Bank says deposits coming back; to shift focus to mortgage, secured business loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-variety/rbl-bank-says-deposits-coming-back-to-shift-focus-to-mortgage-secured-business-loans/article65194455.ece Shares of RBL Bank plunged today, after its CEO and mD Vishwavir Ahuja went on medical leave and RBI appointed an additional director
IPO dilemma – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/ipo-troubles/article65184089.ece Russia’s invasion of Ukraine has put a question mark over the LIC IPO’s timing | Photo Credit: Dado Ruvic There is no easy
Spike in crude oil prices takes away the gloss from paint companies’ shares | Business Standard News
lipped from: https://www.business-standard.com/article/companies/spike-in-crude-oil-prices-takes-away-the-gloss-from-paint-companies-122030401303_1.html Margins could be badly impacted, while weak demand across segments could disrupt top lines The paints industry has seen margins crunched by the spike in crude
Tata Motors finance arms to sell loan assets of Rs 14,500 crore | Business Standard News
lipped from: https://www.business-standard.com/article/companies/tata-motors-finance-arms-to-sell-loan-assets-of-rs-14-500-crore-122030400020_1.html Move to free up capital for both Tata Motors vehicle finance companies Tata Motors Finance loans and advances was Rs 27,939.85 crore as
Eveready falls 7% after Burman Family makes an open offer to buy 26% shares | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/eveready-falls-7-after-burman-family-makes-an-open-offer-to-buy-26-shares-122030200362_1.html The open offer has been priced at Rs 320 per share aggregating to a total consideration of up to Rs 605 crore. Shares