Dr Agarwal's Health Care

Dr Agarwal's Health Care will be in focus on March 3 as the lock-in period for 50% of the shares in the company's IPO anchor book opens today.

One 97 Communications (Paytm)

The company has received a show cause notice from the Directorate of Enforcement for alleged contraventions of certain provisions of the Foreign Exchange Management Act (FEMA) between 2015 and 2019. The notice pertains to its acquisition of two subsidiaries—Little Internet and Nearbuy India (formerly Groupon)—along with certain directors and officers. The alleged contraventions involve transactions amounting to Rs 611.17 crore.

Bajaj Auto

The company has received a tax demand order amounting to Rs 138.53 crore for FY21 from the Deputy Commissioner of State Tax, Pune. The demand primarily relates to a differential tax liability between the specific HSN classification adopted by the company (GST rate of 18%) and the general HSN classification of auto parts as determined by tax authorities (GST rate of 28%).

Indian Overseas Bank

The bank has received a demand from the Deputy Commissioner, Large Taxpayers Unit, Chennai, for a GST liability of Rs 699.52 crore, inclusive of interest and penalties, for the Annual Scrutiny Assessment Year 2020-21. The penalty imposed by the authority amounts to Rs 35.26 crore.

NLC India

The Navratna company has received a Letter of Award for a 200 MW wind power project from SJVN at a tariff of Rs 3.74 per kWh.

Voltas

The company has completed the transfer of its direct investment (92% stake) in Saudi Ensas Company for Engineering Services WLL, Kingdom of Saudi Arabia, to Universal MEP Projects Pte, Singapore (UMPPL), for Rs 61.84 crore. As UMPPL is a step-down wholly-owned subsidiary, Voltas’ economic interest in Saudi Ensas Company for Engineering Services WLL remains intact, and the entity continues to be a wholly-owned subsidiary.

Mankind Pharma

The Income Tax Authority has raised an additional tax demand (including interest) of Rs 111.68 crore for the Assessment Year 2021-22.

Ujjivan Small Finance Bank

The bank has completed the sale of a stressed loan portfolio, including a written-off loans pool with an outstanding value of Rs 364.51 crore, to an Asset Reconstruction Company (ARC) for Rs 34.26 crore.

Dalmia Bharat

The company has announced a strategic investment of Rs 3,520 crore in Maharashtra and Karnataka. This includes the establishment of a 3.6 MnTPA (million tonnes per annum) clinker unit and a 3 MnTPA grinding unit at the Belgaum plant, Karnataka, along with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra.

Piramal Enterprises

The company has received a tax demand order from the GST Department, Maharashtra, for the tax period 2020-21, amounting to Rs 1,502 crore, including interest and penalties. The demand primarily pertains to the slump sale of its pharma business to Piramal Pharma in FY21, along with the transfer of its subsidiary companies for Rs 4,487 crore.

Mazagon Dock Shipbuilders

Biju George has been given additional charge as Chairman & Managing Director of the company for one month, effective March 1. He currently serves as the Director (Shipbuilding) of the company.

MSTC

The company has received an income tax demand order of Rs 105.55 crore for the Assessment Year 2019-20 from the Income Tax Department.

Tata Communications

The company has completed the sale of its entire stake in its wholly-owned subsidiary, Tata Communications Payment Solutions. As a result, Tata Communications Payment Solutions has ceased to be a subsidiary of the company.

NCC

The company received an order worth Rs 218.82 crore in February. The order pertains to the transportation division and has been awarded by a state government.

Aurobindo Pharma

The company has completed the acquisition of an 80% stake in its step-down subsidiary, Tergene Biotech, from Auro Vaccines for Rs 10.76 crore. Auro Vaccines is a wholly-owned step-down subsidiary of Aurobindo Pharma, and with this acquisition, Tergene Biotech has now become a direct subsidiary.

RailTel Corporation of India

The company has received a work order worth Rs 26.37 crore from the Cuttack Development Authority.

Aditya Birla Real Estate

The company's subsidiary, Birla Estates, has secured bookings worth approximately Rs 500 crore through the sale of over 300 units of Birla Trimaya Phase III – The Park in Bengaluru.

Tech Mahindra

The Board has approved the merger of Comviva Technologies USA Inc. with its parent company, Comviva Technologies Americas Inc. Comviva Technologies Americas Inc. is a wholly-owned subsidiary of Comviva Technologies India and a step-down subsidiary of Tech Mahindra.

Vikasdhan - Grow your Dhan with Vikasdhan

Disclaimer- not an investment advice, only for educational purpose. Read full disclaimer https://vikasdhan.com/disclaimer