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New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
NEW DELHI: Jindal Steel International, the global steel arm of the Naveen Jindal Group, said on Tuesday that it had made a non-binding offer to acquire the steel assets of Thyssenkrupp Steel Europe (TKSE), Germany’s largest flat steel manufacturer.The company said in a statement that it will enter into discussions with Thyssenkrupp AG to acquire…
Fair trade regulator Competition Commission of India (CCI) has approved Sajjan Jindal-led JSW Paints’ plan to acquire a majority stake in Akzo Nobel’s India business in a Rs 12,915 crore transaction.JSW Paints had in June announced it would purchase a 74.76% stake in Akzo Nobel India for Rs 8,986 crore, followed by an open offer…
Filing an ITR beyond the designated deadline is classified as a belated return, which can be submitted through December 31, 2025. (AI image) ITR filing FY 2024-25 due date: ITR filing FY 2024-25 due date: There is no intimation as of 12:00 AM, September 17, 2025 from the Income Tax Department on extension of ITR…
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new…
After years of scepticism and branding Chinese stock markets as “uninvestable”, foreign investors are once again turning their attention to Chinese equities, betting on the country’s resilience in artificial intelligence, semiconductors and biotech as well as a growing need for diversification beyond US assets.Progress in China’s AI adoption, its push in semiconductors, and breakthroughs in…
BENGALURU: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for the 2024-25 financial year. The allegations form part…
Eternal, formerly known as Zomato, has climbed further up the market-cap rankings, surpassing Tata Motors and Titan to reach a valuation of Rs 3.13 lakh crore. The company’s market capitalisation now stands above Tata Motors’ Rs 2.64 lakh crore and Titan’s Rs 3.12 lakh crore, putting it just short of Hindustan Aeronautics Ltd (HAL), which…
The US Federal Reserve opened a key interest rate meeting on Tuesday, just hours after Donald Trump’s close aide Stephen Miran was sworn in as a governor of the central bank, while another top official, Lisa Cook, is fighting the president’s attempt to oust her.Miran, who has been a senior adviser to Trump, took the…
Jindal Steel International has made a non-binding offer to acquire Thyssenkrupp’s steel division, the German conglomerate said Tuesday, in a move that could reshape Europe’s traditional steel landscape. The bid, details of which were not disclosed, sent Thyssenkrupp shares soaring nearly 8% in Frankfurt trade, AFP reported.The once-iconic German industrial major has been trying to…
