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The Nifty50 is testing its 200-week moving average around 22,600, a long-term trend indicator that has historically marked key turning points. The index has tested this level only six times in 22 years, with four instances followed by a rebound. By Yoosef K September 29, 2026, 5:25:10 PM IST (Published) The Nifty50 is at a…
Domestic steel major Tata Steel Ltd on Tuesday (September 29) said it has received a favourable order from the Income Tax Appellate Tribunal (ITAT) for financial year 2009, allowing its claim for deduction of interest expenditure and reducing its tax exposure on the matter by around ₹427 crore to ₹1,259 crore. “After several hearings, on…
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Low gross non-performing asset (NPA) numbers may not always give investors a complete picture of the health of a lender’s loan book, according to Deepak Shenoy, CEO of Capitalmind Mutual Fund. He said investors should also track loan write-offs, as large write-offs can make reported gross NPAs look much lower than the actual level of…
Shares of Symbiotec Pharmalab rose 8.53% to ₹1,145.80 on Tuesday (September 29) after the pharmaceutical company said it had received an Establishment Inspection Report from the US Food and Drug Administration (FDA) for its manufacturing facility in Pithampur, Madhya Pradesh. The stock closed at ₹1,142.90, up 8.25% from its previous close. FDA inspection The…
Arisinfra Solutions Ltd on Tuesday (September 29) said it has secured a service order from Transcon Bellaviu Private Ltd, a special purpose vehicle (SPV) of Transcon Group, to provide Design as a Service (DaaS) services for the Transcon UNO residential apartment project in Kalina, Mumbai. “…it is hereby informed that Arisinfra Solutions Limited (“the Company”)…
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