Over 6.2 crore ITRs, 21 lakh audit reports filed on new e-filing portal
Over 6.2 crore income tax returns and about 21 lakh tax audit reports have been filed on the new e-filing portal since June last year. The new income tax portal was launched on June 7, 2021. “More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports (TARs) have been […]
Shares of this realty firm zoomed 165% in 6 weeks, trade at 7-year high
Shares of D B Realty hit an over seven-year high of Rs 116.70, and was locked at the 5 per cent upper circuit on the BSE on Wednesday, after its board approved raising funds via issuing 50 million convertible warrants to Rekha Jhunjhunwala and others. The stock of Mumbai-based real estate company has been locked […]
Shares of this realty firm zoomed 165% in 6 weeks, trade at 7-year high
Shares of D B Realty hit an over seven-year high of Rs 116.70, and was locked at the 5 per cent upper circuit on the BSE on Wednesday, after its board approved raising funds via issuing 50 million convertible warrants to Rekha Jhunjhunwala and others. The stock of Mumbai-based real estate company has been locked […]
Indian stock markets can fall another 10%
Budget euphoria is slowly fading away on Dalal Street as global headwinds stare in the eye. Geopolitical tensions involving Ukraine and Russia, coupled with fear of easy money drying up amid soaring inflation, are giving a rude reality check to stock market investors. Yesterday, the BSE Sensex plunged over 1,300 points in intra-day trade while the Nifty50 slipped below […]
Tube Investment Consolidated December 2021 Net Sales at Rs 3,410.10 crore, up 100.6% Y-o-Y
Net Sales at Rs 3,410.10 crore in December 2021 up 100.6% from Rs. 1,699.99 crore in December 2020. Quarterly Net Profit at Rs. 278.88 crore in December 2021 up 159.79% from Rs. 107.35 crore in December 2020. EBITDA stands at Rs. 466.45 crore in December 2021 up 92.06% from Rs. 242.87 crore in December 2020. […]
Sensex climbs 696 points, Nifty ends at 17,780 as Budget cheer continues; banks, financial stocks gain
The frontline equity indices on the BSE and National Stock Exchange (NSE) settled higher for the third consecutive session, closing with over 1.1 per cent gains on Wednesday as the post-Budget rally continued for the second session with intense buying in banking and financial stocks amid supportive global cues. The S&P BSE Sensex surged 695.76 […]
IPO-bound Delhivery announces investment in Falcon Autotech
IPO-bound logistics service Delhivery has announced its investment in Falcon Autotech, a logistics automation solutions provider. This is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations. The amount invested is undisclosed by both the firms. With this partnership, Delhivery expects to work closely with Falcon Autotech to design […]
Reliance Retail picks 25.8% stake in Dunzo for $200 million
Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery. With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis. Existing investors Lightbox, […]
Stick to your investment plan even if market is volatile, says Ajay Tyagi of UTI AMC
Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run. Investors trying to change their investment strategy every now and then to make […]
AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG
Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022. With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]
