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    Svatantra Microfin Acquires Chaitanya India Fin

    New Delhi, March 23 Svatantra Microfin Pvt Ltd announced on Monday that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following approval from the NCLT.The approval for the amalgamation was granted by the National Company Law Tribunal...
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    Innovision IPO Performance Below Expectations

    New Delhi, March 23 Shares of Innovision Ltd, a provider of manpower and toll plaza management services, closed over 28 per cent lower than the issue price of Rs 519 on Monday.The stock started trading at Rs 466, a decline of 10.21 per cent from the issue price on the BSE. Later, the stock...
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    Thomas Cook to Split Resorts into Sterling Holidays

    New Delhi, March 20 Thomas Cook India Limited announced on Friday that it will separate its resorts and resort management business into Sterling Holiday Resorts Limited (SHRL), paving the way for the future listing of the company's wholly-owned subsidiary.The Board of Thomas Cook (India)...
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    Investment Activity in DLF: Goldman Sachs, ICICI Purchase Shares

    New Delhi, March 20 Goldman Sachs and ICICI Prudential Mutual Fund collectively purchased over 43.40 lakh shares of real estate major DLF for nearly Rs 231 crore through open market transactions on Friday.According to BSE block deal data, Goldman Sachs, through its affiliate Goldman Sachs...
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    Powertech Ltd Seeks Investment via Initial Public Offering

    New Delhi, March 20 Integrated power infrastructure EPC company, Polite Powertech Ltd, has filed its Draft Red Herring Prospectus (DRHP) with the market regulator, SEBI, to raise funds through an Initial Public Offering (IPO).The IPO comprises a fresh issue of 1 crore equity shares and an...
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    Rajputana Stainless IPO Performance Below Initial Buzz

    New Delhi, March 19 Shares of Rajputana Stainless Ltd, a manufacturer of long and flat stainless-steel products, closed over 7 per cent lower on Thursday, its first day of trading against the issue price of Rs 122.The stock closed at Rs 112.90, down 7.45 per cent on the BSE. Earlier in the...
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    India's Equity Market Experiences Sharp Reversal Amid Energy Concerns

    New Delhi, March 19 – Equity investors' wealth eroded by ₹12.87 lakh crore on Thursday as stock markets plunged, with the benchmark Sensex falling by over 3%, driven by a spike in crude oil prices due to increasing attacks on energy infrastructure in West Asia.Investors have lost over ₹37 lakh...
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    Stock Markets Plummet Amid Rising Oil Prices and Geopolitical Concerns

    Mumbai, March 19 Benchmark stock indices Sensex and Nifty plummeted by over 3 per cent to close at almost one-year lows on Thursday as a sharp jump in crude oil prices and weak global trends, amid escalating strikes on energy infrastructure in West Asia, unnerved investors.Breaking its...
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    BCCL Records Record Coal Booking Under Discount Scheme

    New Delhi, March 19 A subsidiary of Coal India, BCCL, announced on Thursday that it had achieved a record single-day booking of approximately 2.37 lakh tonnes of coal under its special discount scheme, aimed at clearing existing stockpiles.Under the scheme, discounts ranging from ₹100 to ₹600...
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    Edtech Firm Physicswallah to Challenge Tax Assessment

    New Delhi, March 18 Edtech firm Physicswallah has received a notice from the Income Tax Department demanding Rs 263.34 crore for the assessment year 2023-24.The demand was raised after the Income Tax Department treated the funds received by the company from investors, including funds from...
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    Investment Activity Drives Urban Company Stock Increase

    New Delhi, March 18 Shares of Urban Company surged by over 13 per cent on Wednesday after SBI Mutual Fund acquired a stake of nearly 4 per cent for Rs 632 crore.The stock rebounded sharply, rising 13.20 per cent to Rs 124.35 per share on the BSE and increasing 13.01 per cent to Rs 124.43 on...
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    Maruti Suzuki Faces Rs 5,786 Cr Income Tax Order

    New Delhi, March 17 Maruti Suzuki India (MSI) said on Tuesday that it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority, and the company will challenge the order."The company has received a Draft Assessment Order for FY 2022 – 23, in which certain...
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    Maruti Suzuki Faces Rs 5,786 Cr Income Tax Order

    New Delhi, March 17 Maruti Suzuki India (MSI) said on Tuesday that it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority, and the company will challenge the order."The company has received a Draft Assessment Order for FY 2022-23, wherein certain...
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    Tata Motors Announces Price Increase from April

    New Delhi, March 16 Tata Motors announced on Monday that it will increase the prices of its commercial vehicle range by up to 1.5 per cent from April 1.The price increase is being implemented to partially offset the impact of rising commodity prices and other input costs, the company said in a...
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    Amir Chand IPO: India's Rice Market

    New Delhi, March 15 Amir Chand Jagdish Kumar (Exports) Ltd, a Basmati rice exporter, is set to launch its initial public offering (IPO) worth Rs 440 crore on March 24.The public issue will close on March 27, while the anchor investor bidding is scheduled to take place on March 23, according to...
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    DIAL Awards Cargo Terminal Management to GMR Airports

    New Delhi, March 13 GMR Airports Ltd has won the bid to manage the cargo terminal at the Delhi airport, nearly ten months after airport operator DIAL terminated its contract with the Turkish entity Celebi.Delhi International Airport Ltd (DIAL), which operates the national capital's Indira...
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    Andhra Plant Receives Satisfactory Inspection Report from USFDA

    New Delhi, March 12 Aurobindo Pharma announced on Thursday that it has received an inspection report from the US health regulator, classifying its wholly-owned subsidiary's manufacturing unit in Andhra Pradesh as having a "Voluntary Action Indicated" (VAI) classification, which indicates...
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    India's Stock Market Faces Pressure from Oil and Global Trends

    Mumbai, March 12 – The benchmark indices Sensex and Nifty experienced a sharp decline in early trading on Thursday, as a significant increase in crude oil prices, driven by the ongoing crisis in the Middle East, weighed heavily on investor sentiment.Furthermore, weak global market trends and...
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    Market Plunge: Investor Wealth Drops by ₹5.14 Lakh Crore

    New Delhi, March 11 Investors' wealth eroded by ₹5.14 lakh crore on Wednesday as stock markets fell after a day's respite due to a surge in global crude oil prices amid growing tensions in West Asia.The 30-share BSE Sensex tumbled 1,342.27 points or 1.72 per cent to close at 76,863.71. During...
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    Pirojsha Godrej Acquires Stake in Real Estate Developer

    New Delhi, March 9 Pirojsha Adi Godrej bought nearly 1.8 per cent stake in real estate developer Arvind SmartSpaces for Rs 40.7 crore from an affiliate of HDFC Capital through a private transaction.Pirojsha Godrej is the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and a...
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