Tata Capital Limited has come under investor focus following an income tax demand arising from a reassessment related to a prior financial year. The issue pertains to tax credit adjustments and interest calculations associated with its erstwhile subsidiary. Nature of Tax Assessment The demand relates to Tata Capital…
RITES Limited has secured a new order in the railway infrastructure segment, reinforcing its position in specialised project execution and enhancing long-term revenue visibility. Order Award and Scope of Work The company has received a Letter of Acceptance from the Research Designs and Standards Organisation (RDSO), based in…
Air India has introduced a revised health compliance framework for its cabin crew, set to take effect from May 1. The policy establishes Body Mass Index (BMI) benchmarks as a key determinant of flying eligibility, reinforcing the airline’s focus on health, safety, and operational readiness. Defined BMI Benchmarks…
Power Finance Corporation has declared its fourth interim dividend for the financial year 2025–26, reinforcing its track record of consistent shareholder payouts. Dividend Announcement and Key Details The company has approved an interim dividend of ₹3.25 per equity share, translating to 32.5% of the face value of ₹10…
Product Overview and Clinical Validation Obeda is administered as a once-weekly injection and is available in 2 mg and 4 mg strengths through a pre-filled, disposable pen device. Each pen is designed to deliver a minimum of four doses, with the therapy priced at approximately ₹4,200 per month.…
Cab drivers operating through app-based platforms in Gurugram have launched a strike, raising concerns over passenger safety and the absence of mandatory verification mechanisms. The protest underscores growing unease among drivers regarding security risks associated with unverified riders. Call for Mandatory Passenger Verification A key demand from drivers…
The Adani Group is set to undertake a comprehensive restructuring of the assets acquired from Jaiprakash Associates Ltd (JAL) following its successful insolvency resolution. The move is aimed at optimizing asset utilization, enhancing operational synergies, and maximizing long-term value across its diversified business portfolio. NCLT Approval and Acquisition…
🔶 Key Highlights HDFC Bank: Navigates leadership transition post Chairman resignation; RBI reassures stability, Keki Mistry appointed interim chairman. (Neutral) MM Forgings: Board to consider fundraise via equity on March 25. (Neutral) RITES: Secures LoA for maintenance of India’s first high-speed railway test track. (Positive) P N Gadgil…
ICICI Bank: Redeemed $800 million notes under its Global Medium Term Note Programme. Infosys: To incorporate a new subsidiary “Infosys Enterprise Business Services” in Australia. UltraTech Cement: Acquires 26.18% stake in Sunsure Solarpark Seven for ₹19.2 crore. NATCO Pharma: Board to consider demerger of Agrochemicals division on…
Samvardhana Motherson International Limited has completed an additional stake acquisition in Yutaka Giken Co., Ltd. through its indirect wholly owned subsidiary, reinforcing its strategic investment in the Japanese firm. The company’s shares also witnessed a modest uptick during trading on March 18, 2026. Completion of Tender Offer The…