Posts in category Business Standard
Indian blue-chips slip on Middle-East conflict concerns, metals cap losses (16-10-2023)
Metals gained nearly 1%, after data showed recovery in exports and imports in world's top consumer China. JSW Steel, Tata Steel were among the top Nifty 50 gainers
Delta Corp plunges 9% on Rs 6,384 crore notice for short payment of GST (16-10-2023)
Shares of Delta Corp plunged nearly 9 per cent on Monday after the company received a GST notice for short payment of tax to the tune of Rs 6,384 crore.
The stock tanked 8.79 per cent to settle at Rs 127.70 apiece on the BSE. During the day, it fell 11 per cent to Rs 124.60 -- its 52-week low.
On the NSE, it plummeted 8.17 per cent to end at Rs 128.55 per piece.
On the volume front, 28.26 lakh shares of the company were traded on the BSE and over 2.93 crore shares were traded on the NSE during the day.
In another blow to the company, Delta Corp has received a GST notice for short payment of tax to the tune of Rs 6,384 crore, taking the overall tax demand on the firm to over Rs 23,000 crore.
The company said that the tax demands are arbitrary and contrary to law, and added it will challenge them.
DGGI (Directorate General of GST Intelligence) Kolkata on October 13, 2023 has served an intimation notice on Deltatech Gaming, a subsidiary of Delta Corp, seeking GST of Rs 6,236.8 crore
Rupee ends at record closing low on intensifying geopolitical worries (16-10-2023)
The rupee closed at 83.2775 against the U.S. dollar, little changed from its previous close of 83.2625. The currency hit its previous record closing low of 83.2675 on Sept. 18
Signature Global cuts net debt by 66% in last six months to Rs 370 crore (16-10-2023)
Realty firm Signature Global's net debt declined 66 per cent to Rs 369.96 crore at the end of the September quarter from Rs 1,093.89 crore at the end of last fiscal year.
"Our net debt reduced to Rs 369.96 crore at the end of HI, FY24 from Rs 1,093.89 crore at the end of FY23," Gurugram-based Signature Global said in its latest operational update submitted on stock exchanges.
Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising a fresh issue of shares worth Rs 603 crore and an Offer For Sale (OFS) component of Rs 127 crore, was subscribed 11.88 times.
"We have been able to reduce our net debt significantly in the second quarter following funds raised through initial public offer (IPO)," Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, said.
On operational performance, Signature Global reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six .
NSE expands its commodity derivatives segment with 13 new contracts (16-10-2023)
The National Stock Exchange (NSE) on Monday said it has launched 13 new commodity derivatives contracts, a move that will help investors efficiently manage their risk.
With this launch, NSE offers 28 products in the commodity derivatives segment, the exchange said in a statement.
The 13 new derivatives contracts that have been launched are 'option on futures' on gold 1kg futures, gold mini futures, silver mini futures, copper futures, zinc futures, gold guinea (8 grams) futures, aluminium futures, aluminium mini futures, lead futures, lead mini futures, nickel futures, zinc futures and zinc mini futures.
"With the launch of 13 new products today, futures and options on all key products in energy, bullion, and base metals categories are available on the NSE platform. This will enable participants to efficiently manage their risk across commodities on the exchange platform, " Sriram Krishnan, Chief Business Development Officer, NSE said.
Over the last few days, NSE has launched six n
Shares of NSE valued at Rs 1,860 crore changed hands in September (16-10-2023)
Stock price largely unchanged over the past one year
Venus Remedies zooms 20%; gets nod for 6 chemotherapy drugs in Philippines (16-10-2023)
The company has secured marketing authorisation for bortezomib cisplatin, doxorubicin, docetaxel, flurouracil and paclitaxel from the Philippines.
Delta Corp slips 9% on additional GST shortfall notice worth Rs 6,384 crore (16-10-2023)
The stock was quoting at its lowest level since November 2020, and has tanked 51 per cent from its 52-week high level of Rs 259.95 touched on June 28, 2023
Delta Corp slips 9% on additional GST shortfall notice worth Rs 6,384 crore (16-10-2023)
The stock was quoting at its lowest level since November 2020, and has tanked 51 per cent from its 52-week high level of Rs 259.95 touched on June 28, 2023
Apple’s MapmyIndia stock doubles as mapping services grow in India (16-10-2023)
Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104 per cent from the end of March, adding around $675 million in market value