Tag Archives: Rs

I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues. The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies titled ‘List ... Read More »

Muthoot Finance Q3 net profit jumps 59% to Rs 464 cr

Muthoot Finance today reported 59 per cent jump in its consolidated net profit to Rs 464 crore for the third quarter ended December 31, the highest ever quarterly gains on increased demand for loans. The company had made a net profit of Rs 291 crore during the corresponding quarter of 2016-17. Total income grew by 16 per cent to Rs ... Read More »

TRAI slashes mobile number portability charges to Rs 4 from Rs 19 per porting

Keeping in view the upsurge in mobile number portability (MNP) requests, the Telecom Regulatory Authority of India (TRAI) has decided to slash its rate to Rs 4 per successful porting from Rs 19 earlier. The TRAI arrived at the decision after taking into consideration the comments received from the industry stakeholders. A statement issued by the TRAI said it would ... Read More »

With just Rs 2,410 in bank account, country’s poorest CM Manik Sarkar turns even poorer after 4 terms

Tripura Chief Minister Manik Sarkar Tripura Chief Minister Manik Sarkar continues to remain the poorest serving chief minister in the country with a paltry sum of Rs 1520 cash in hand. On Monday, the veteran communist leader made his personal financial details public while filing nomination papers from the Dhanpur constituency for the upcoming assembly polls in the state. As ... Read More »

Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding July-September period of 2016-17 was Rs. 698 crore. “Due to all round performance of BHIL (standalone) and underlying companies, BHIL’s ... Read More »

Buy Dewan Housing Finance Corporation, target Rs 600: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Dewan Housing Finance Corporation with a target price of Rs 600. The current market price of Dewan Housing Finance Corporation is Rs 567.65. Time period given by analyst is intraday when Dewan Housing Finance Corporation price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 554. Dewan Housing Finance ... Read More »

Wipro Shareholders Approve Rs. 11,000-Crore Buyback Proposal

New Delhi: Wipro, India’s third largest software services firm, on Wednesday said its shareholders have approved the company’s Rs. 11,000-crore buyback proposal. Last month, the Bengaluru-based firm had said it will purchase up to 343.75 million shares at Rs. 320 ($4.95) per scrip. The total size of the offer will be up to Rs. 11,000 crore ($1.7 billion). “The aforesaid ... Read More »

Government to sell 5% in NTPC at Rs 168/share on tomorrow

The government will sell 5 per cent stake in the country’s largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore. The share sale through an offer for sale (OFS) will happen over two days beginning on Tuesday, an official said here. NTPC shares closed 2.5 per cent higher on the BSE at Rs 173.55 apiece ... Read More »

Rs. 200 Notes Notified, Likely To Be Introduced Soon

Rs. 200 notes could make their debut soon with the government notifying the new currency note. Experts say Rs. 200 notes will significantly ease transactions. “In exercise of the powers conferred by sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of ... Read More »

AU Small Finance Bank crosses Rs 600-mark, up 77% over issue price

AU Small Finance Bank shares continued to rally for third consecutive session since listing, crossing the Rs 600-mark and hitting a new high of Rs 634.80 on Wednesday. The stock surged more than 77 percent from its issue price of Rs 358. On listing day, i.e. Monday, it rallied nearly 52 percent from issue price. It means there has been a ... Read More »