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Stocks In News

 

TATA GLOBAL

Enters ready to drink segment with green tea based drink

Plans to target youth with variants in Mango And Orange

POWER GRID

Approves Invst of Rs 1931 Cr for HDVC Bipole Link

Investment in Western & Southern Regions

 

APCOTEX IND Q1

PAT Rs 5.2 Cr Vs Rs 8.3 Cr, down 37% (YoY)

Revenue from Ops Rs 134 Cr Vs Rs 120 Cr, up 11.7% (YoY)

TALBROS ENGG

Recommends Bonus Issue In Ratio Of 1:1

IIFL

Buys 2.59% stake in Reliance Nippon Life AMC

TELECOM MIN OFFICIAL

NewsRise

Inter-Ministerial Panel meet deferred to Aug 22

Meet deferred as panel needs more clarity on some issues

RAYMOND

Acquires Ansells 50% stake in Brand Kamasutra

Acquisition of Ansells Stake in a JV to be known as JK Ansell

Acquisition includes 100% of sexual wellness, personal care business under kamasutra

Sexual wellness business to remain under JK Ansell

JK Ansell: subsidiary of JK Investo Trade, a Raymond Grp Co

JKIT Sells stake in gloves Biz to pacific dunlop holdings (Singapore)

IOC

Hikes Petrol Price by 5 Paise/Ltr for Friday, Ex-Delhi

Cuts Diesel Price by 11 Paise/Ltr for Friday, Ex-Delhi

INDUSIND BANK

Cuts some savings deposit rates by 100 Bps

Cuts rate on savings accounts on balance under Rs 1 Lk Cr to 4%

PUNJAB NATIONAL BANK

Cuts rate for saving accounts upto Rs 5 Lk by 50 Bps from Aug 19

  • SENSEX

    31,524.68 270.78   (-0.85 %)
  • NIFTY

    9,837.40 66.75   (-0.67 %)
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News In Brief

 

    Around 50,000 traders get GST registration nos in Mumbai

    New Delhi: Ahead of the filing tomorrow, the Mumbai GST Zone has received around 50,000 applications from traders for registration numbers and most of them have been given the same, a senior official said today.

    Goods and Services Tax (GST) was implemented from July 1. The last date of filing of simplified returns without transitional credit is August 20 while with transitional credit the date is August 28.

    "So far, 50,000 applications have been received by the Mumbai GST Zone for registration and most of them have been given the registration numbers," Subhash Varshney, chief Commissioner, GST & Central Excise, Mumbai, told PTI.

    (PTI)

    Govt extends date for filing GST returns

    New Delhi: The government has extended the date for filing GST returns and tax payment by 5 days to August 25.

    (PTI)

    Singapore firm's $150 mn fund to be invested in India, China

    New Delhi: Singapore-based investment banking and advisory firm Midas Investments Consulting has launched a $150 million fund.

    The Midas Global Media Opportunities fund will have a primary geographic focus on India and China. They may also invest in selected entertainment properties in Europe, Australia and North America. Investments will be across films, digital and broadcast content, talent management, new age technology companies and global entertainment, corporate and social events, reports variety.com.

    Midas has entered into a long term partnership with two Singapore companies that focus on Indian content, Indie Muviz and M! Capital Ventures. 

    (IANS)

    Passenger train derails in Muzaffarnagar, rescue operations on

    Lucknow: Four coaches of the Kalinga-Utkal Express went off the tracks in Khatauli in Muzaffarnagar district of Uttar Pradesh on Saturday evening, officials said.

    The train was headed from Puri in Odisha to Haridwar in Uttarakhand.

    The number of casualties is not known yet.

    The district administration has begun rescue operations.

    More details are awaited.

    (IANS) 

    US law firms initiate investigation against Infosys

    New Delhi: Four US law firms have said they are investigating potential claims on behalf of Infosys investors on whether the Indian company and some of its officials and directors have violated federal securities laws.

    The development comes a day after the IT major, which is also listed in the US, saw its CEO Vishal Sikka resign citing slander by founders, led by NR Narayana Murthy.

    The US law firms are: Bronstein, Gewirtz & Grossman; Rosen Law Firm; Pomerantz Law Firm and Goldberg Law PC.

    (PTI)

    SCCL records net profit of Rs 395.4 crore for FY 17

    Hyderabad: Singareni Collieries Company Limited (SCCL) today said its net profit for the year 2016-17 stood at Rs 395.4 crore while turnover was recorded at Rs 17,853 crore.

    According to a statement issued by the miner, it paid about Rs 6,056 crore to both Telangana government and Centre towards various taxes.

    The PSU also spent Rs 30 crore towards Corporate Social responsibility during the last fiscal.

    (PTI)

    8 injured in Russia knife attack

    Moscow: At least eight people were injured in a knife attack in the Russian city of Surgut on Saturday, officials said.

    The man, who apparently stabbed passersby on the street at random, was shot dead by police, BBC reported.

    The injured were taken to a hospital and two of them were in a critical condition, the state-owned RIA Novosti news agency reported.

    Russia's Investigations Committee said the attacker had been "liquidated".

    No motive has yet been established.

    (IANS)  

    Confusion among traders as GST filing site stops functioning

    New Delhi: Traders across the country faced problems on Saturday as the Goods and Services Tax (GST) filing website stopped functioning for some time, a day ahead of the last date for filing GST returns.

    "The GST site has been working intermittently since 12 noon. It is creating a lot of confusion among traders. Many of our clients have called up saying they can't file returns. If this continues the government might need to extend the last date of filing by another couple of days at least," Prateek Jain, chairman, Assocham Special Task Force on GST, told IANS.

    The last date for filing GSTR-3B form for July is August 20, which is a summary return of details of outward supplies, inward supplies, credit and payment of GST. A notice on the GST site, however, stated: "The services will not be available from August 19, 2 p.m. to 2.45 p.m. Do come back later."

    (IANS)

    'India needs to grow at 9-10% to lift millions out of poverty'

    India needs to grow at 9-10 per cent per annum for the next three decades for lifting millions of people out of poverty, Niti Aayog CEO Amitabh Kant said.

    Speaking at an event here, Kant further said there is a need to make India an easy place to do business.

    (PTI)

    Steel consumption up 3.7% in July

    Kolkata: India's steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the last month grew by 64 per cent, the Steel Ministry's latest report said on Saturday.

    "Overall consumption in July at 6.905 mt was down by 4.2 per cent over June 2017 but was up by 3.7 per cent over July 2016," the report of the ministry's Joint Plant Committee (JPC) said.

    India's consumption of total finished steel at 27.911 mt saw a growth of 4.4 per cent in April-July period over same period of last year, under the influence of rising production for sale and imports.

    (IANS)

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