Private insurer HDFC Life Insurance Company Ltd on Tuesday (June 30) said it has received an order from the Commissioner (Appeals), Thane, confirming a GST demand along with interest and penalty amounting to ₹132.7 crore. “This is with reference to our intimation dated June 28, 2024, disclosing the details of the GST Order (period involved…
Indian equity markets delivered mixed sectoral performance this month. (AI Generated Image) Indian equity markets ended the month with mixed sectoral performance. The Nifty 50 advanced around 1.5 per cent, led by InterGlobe Aviation and Max Healthcare, while the Nifty Bank gained about 6 per cent, with Federal Bank and IDFC First Bank emerging as…
When Ambani took the stage at Reliance’s annual annual general meeting nine months later, he announced that Jio was prepared for its public debut. Jio IPO: In August last year, when Mukesh Ambani promised shareholders that Jio Platforms Ltd would go for public listing in the first half of 2026, a massive, highly confidential operation…
US stock futures traded higher on Tuesday, June 30, after the Dow Jones Industrial Average closed at a record high in the previous session, with Wall Street on track to wrap up a strong first half of the year amid easing geopolitical tensions and falling oil prices. Futures tied to the Dow Jones Industrial Average…
Defence engineering company Paras Defence and Space Technologies Ltd on Tuesday (June 30) said it has signed an intellectual property (IP) license agreement with Tandem Defense LLC, a wholly owned subsidiary of Autonomous Power Corporation (Powerus), for the Guardian-1 Interceptor technology. Under the agreement, Tandem Defense LLC has granted Paras Defence an exclusive, non-transferable and…
The equity benchmark indices BSE Sensex and NSE Nifty ended largely lower after a volatile trading session on Tuesday (June 30), with losses in information technology stocks weighing on the headline indices even as broader markets remained resilient. The Sensex fell 250 points to close at 76,479, while the Nifty 50 declined 81 points to…
Greaves Cotton Ltd. has incorporated a wholly owned subsidiary in Dubai as it steps up efforts to expand its international business and strengthen its presence across the West Asia and Africa. The new entity, Greaves International Trading FZE (GITFZE), will act as a regional hub for trading and distribution, helping the company engage more closely…
India’s defence electronics segment is expected to lead the next phase of growth for the sector as increased research and development (R&D) spending, modern warfare requirements and a strong order pipeline create new opportunities, according to Amit Anwani, Research Analyst at PL Capital Group. Anwani said the industry’s focus is shifting from building manufacturing capacity…
Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Tuesday (June 30) said it has received a favourable arbitration award of ₹148.67 crore in relation to claims arising from a tunnel project in Jammu & Kashmir. The company informed that the award pertains to claims arising out of the Construction of Tunnel T74-R balance work on…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
