JSW Cement Ltd, part of Sajjan Jindal-promoted diversified JSW Group, on Thursday (September 24) said it has received a show-cause notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate, proposing a ₹229.85 crore GST demand, along with applicable interest and a 10% penalty. “JSW Cement Limited has received a show-cause notice from the…
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The National Stock Exchange of India (NSE) sees Electronic Gold Receipts (EGR) as a major growth opportunity potentially, with NSE Chairperson Srinivas Injeti saying the product could become significant over the next three years. “EGR can be a big thing because that is something which is eminently feasible, and it should get policy support,” Injeti…
PB Fintech shares plunged 36% on Thursday after IRDAI proposed sweeping changes to insurance distribution economics. In an analyst call, the company flagged a serious revenue impact on general insurance, concerns over agent commissions and a potential slowdown in hiring. The Insurance Regulatory and Development Authority of India’s (IRDAI) consultation paper has put the spotlight…
US stock futures declined on Thursday as rising Treasury yields and persistent inflation concerns dampened investor sentiment, offsetting optimism surrounding US-China diplomacy and the continued growth of the artificial intelligence sector. Futures linked to the Dow Jones Industrial Average fell 0.3%, while S&P 500 futures were down 0.6%. Nasdaq-100 futures slid 1%, pointing to further…
Waaree Energies Ltd on Thursday (September 24) said its wholly owned subsidiary, Waaree Clean Energy Solutions Ltd (WCES), has entered India’s specialty gases business and plans to supply ultra-high-purity gases and chemicals to semiconductor and solar cell manufacturers across the country. Waaree Clean Energy Solutions is building a specialty gases plant at GIDC Saykha, Dahej,…
Interarch Building Solutions Ltd on Thursday (September 24) said it has inaugurated a new heavy structural steel manufacturing facility at Attivaram in Andhra Pradesh, with an initial manufacturing capacity of 24,000 MT per annum, expanding its capabilities in complex and heavy steel structures. The facility has been developed across approximately 20 acres, with Phase I…
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Shares of GE Vernova T&D India Ltd. were trading more than 2% lower on Thursday, September 24. Global brokerage firm Nomura has retained its ‘Buy’ recommendation on the stock, with a price target of ₹6,000 per share, following a management meeting. Nomura highlighted GE Vernova T&D’s strong high voltage direct current (HVDC) pipeline, with the…
