Vodafone Idea spurts 17.34% to Rs 8.19 after the Union Cabinet reportedly approved the waiver of bank guarantees (BGs) for spectrum purchased before 2022.
Posts in category Business Standard
Telecom stocks gain as govt waives bank guarantee; Vodafone Idea surges 16% (26-11-2024)
Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.
Acme Solar drops after PAT tumbles over 60% in Q2 FY25 (26-11-2024)
Acme Solar Holdings declined 5.34% to Rs 244.50 after the company’s consolidated net profit declined 60.4% to Rs 15.30 crore on 19.7% fall in revenue from operations to Rs 259.59 crore in Q2 FY25 over Q2 FY24.
NIACL’s stock rises 6% after receiving cumulative tax return of Rs 1,945 cr (26-11-2024)
NIACL’s share price today surged after the company said that it has received a cumulative tax return of Rs 1,945 crore
Stove Kraft up on commissioning new Cast Iron Foundry at Harohalli factory (26-11-2024)
The uptick in Stove Kraft share price came after the company announced that it has commissioned the newly constructed Cast Iron Foundry at Harohalli factory
Premier Energies gains after arm bags multiple orders worth to Rs 1,087 cr (26-11-2024)
Premier Energies advanced 2.11% to Rs 1,115.20 after the company informed that its subsidiaries has received multiple orders aggregating to Rs 1,087 crore from 2 large independent power producers (IPP) and 1 other customer.
GE Vernova hits 5% lower circuit as promoter begins selling stake via OFS (26-11-2024)
The selling pressure in the stock can be attributed to the company’s promoter Grid Equipments selling up to 8.38 per cent stake through an offer for sale (OFS)
Sensex, Nifty pare gains; IT shares rally for 5th day (26-11-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex was down 95.41 points or 0.11% to 80,036.56. The Nifty 50 index shed 23.55 points or 0.10% to 24,198.35.
Government announces Rs 1,435 cr PAN 2.0 Project (26-11-2024)
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department. The financial implications for the PAN 2.0 Project will Rs.1435 crore, the finance ministry noted in its latest update. The PAN 2.0 Project enables technology driven transformation of Taxpayer registration services and has significant benefits including: Ease of access and speedy service delivery with improved quality; Single Source of Truth and data consistency, Eco-friendly processes and cost optimization; and Security and optimization of infrastructure for greater agility. PAN 2.0 Project is an e-Governance project for re-engineering the business processes of taxpayer registration services through technology driven transformation of PAN/TAN services for enhanced digital experience of the taxpayers. This will be an upgrade of the current PAN/TAN 1.0 eco-system consolidating the core and non-core PAN/TAN …
Government of India announces the sale of three dated securities for a notified amount of ₹30,000 crore (26-11-2024)
The Government of India (GoI) has announced the sale (re-issue) of (i) 7.02% Government Security 2031 for a notified amount of ₹10,000 crore, (ii) New GOI SGrB 2034 for a notified amount of ₹5,000 crore and (iii) 7.34% Government Security 2064 for a notified amount of ₹15,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 29, 2024 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security.