The penalty relates to the classification of input tax credit, but the company states there is no operational impact Reliance Industries Limited (RIL) has been issued a ₹56.44 crore penalty by the Joint Commissioner of CGST, Ahmedabad, over a dispute linked to the interpretation of input tax credit…
ICRA has reaffirmed its AA- (Stable) rating for PNB Housing Finance Limited and extended the rating to its enhanced long-term bank facilities, which have been increased from ₹5,000 crore to ₹10,000 crore. The rating reflects the company’s strong position in the mortgage finance segment and anticipated support from…
The large order is expected to enhance revenue visibility and support business momentum in the coming quarters Tanfac Industries has announced the receipt of a new order valued at ₹336 crore, marking one of its notable business wins in recent periods. The development is expected to significantly strengthen…
Company seeks ₹921.81 crore to fund expansion, debt repayment, and strategic growth Aequs Limited, a contract manufacturing firm with capabilities across aerospace components and consumer durables, will launch its initial public offering (IPO) next week, marking the first mainboard listing of December. The company plans to raise ₹921.81…
Bank to auction NPAs and written-off loans through a competitive bidding process involving ARC firms Bandhan Bank has announced plans to divest stressed assets totaling nearly ₹7,000 crore as part of its ongoing efforts to clean up its balance sheet and improve asset quality. The decision was approved…
Scheme aims to enhance research, data systems, start-ups, and competitiveness across the textile ecosystem The Government of India has approved the Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme, a strategic initiative designed to strengthen innovation, research, and capacity-building within the textile sector. The initiative is…
Network PeopleGets BSE approval for listing of 14.5 lakh shares allotted on a preferential basis. WiproPartners with Netherlands-based Odido in a multi-year deal to deliver IT and AI solutions aimed at improving customer engagement and enhancing operational efficiency. VST Tillers TractorsLaunches Electric Vehicle Power Tillers and Power Weeders,…
Order reinforces company’s growing presence in global sustainable jewellery markets Mini Diamonds (India) Limited has secured a USD 2 million (approximately ₹17.80 crore) export order from Gogreen Diamonds Singapore PTE Ltd for lab-grown cut and polished diamonds. The order is scheduled for completion within two months, with payment…
Second major order in FY26 strengthens global EPC pipeline and expands South African footprint Sterling & Wilson Renewable Energy Limited (SWREL) has secured a landmark 240 MW AC turnkey solar PV project in South Africa valued at USD 147 million (₹1,313 crore). This marks the company’s second international…
Infrastructure Leasing & Financial Services (IL&FS) has made significant progress in addressing its long-standing financial crisis, reporting cumulative debt resolution of ₹48,463 crore as of September 2025. The development marks a major step toward meeting its total resolution goal of ₹61,000 crore, as outlined during its restructuring phase…