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Zee Entertainment is facing significant challenges as its shares decline following Star India's arbitration proceedings, which demand Rs 8,000 crore in damages. This legal battle centers on a broadcasting rights agreement for ICC matches, raising questions about Zee's financial stability and investor confidence. As the situation unfolds, the impact on Zee’s stock performance and future prospects remains to be seen.
Kalpataru Projects International has received a significant GST tax notice for the financial year 2019-20, alleging an excess claim of Input Tax Credit (ITC). With a total demand of Rs 12 lakh, including taxes, penalties, and potential interest, this notice could impact the company's financial health and operations. Discover what this means for Kalpataru Projects International and how other businesses can learn from this situation to ensure compliance and avoid similar issues.
Adani Energy Solutions Ltd (AESL) saw a notable 3.8% rise in its stock price following MSCI's decision to lift the embargo and include the company in the MSCI India Index. With anticipated inflows of up to USD 250 million by the end of August, this move signals a significant shift for AESL, potentially enhancing its market visibility and investment appeal. Explore the implications of MSCI's inclusion and what it means for future growth and investor opportunities.
Zomato's recent introduction of a platform fee has proven to be a game-changer, generating Rs 83 crore in revenue and driving a 27% increase in Adjusted Revenue for FY24. This new charge, implemented from August 2023, highlights Zomato's strategic shift to diversify its income streams. Dive into how this fee, alongside higher restaurant commissions and improved ad monetization, has contributed to the company’s substantial revenue growth.
Infosys, one of India’s leading IT giants, has been served a staggering Rs 32,403 crore GST demand by the Karnataka State GST authorities. This demand pertains to services the company received from its overseas branches over a five-year period, from July 2017 to March 2022. The authorities have issued a "pre-show cause" notice, which is a preliminary step allowing Infosys to contest the claim before any final action is taken.
Piramal Finance, a leading non-bank lender in India, celebrates a significant milestone as its retail assets under management surpass the Rs 50,000 crore mark. This achievement reflects a robust 132% growth in retail loans since March 2022, with a substantial focus on affordable housing, underscoring its commitment to supporting accessible housing solutions across the country. Learn how Piramal Finance has achieved a remarkable feat by exceeding Rs 50,000 crore in retail assets under management, driven by a strategic expansion in affordable housing financing. This milestone highlights Piramal Finance's pivotal role in the financial sector, particularly in fostering sustainable and inclusive growth through tailored lending solutions. Explore Piramal Finance's journey to surpassing Rs 50,000 crore in retail assets under management, propelled by a significant increase in retail loans, predominantly supporting affordable housing initiatives.