New Delhi, March 25 (IANS) Life Insurance Corporation of India (LIC) on Wednesday said that it has received a massive tax demand from the Income Tax Department for the financial year 2021–22.In its disclosure in a regulatory filing, LIC said the Assessment Unit of the tax department has raised a demand of Rs 61,46,71,18,015 as income tax, along with an additional interest amount of Rs 9,53,25,87,935.The insurer clarified that it plans to challenge this order and will file an appeal before the …
Latest NSE News & Updates
New Delhi, March 24 (IANS) India’s primary market has remained strong in the financial year 2025–26 so far, with record fundraising on the mainboard even as activity in the SME segment slowed slightly, according to NSE’s Market Pulse report for March 2026 on Tuesday.The mainboard IPO segment continued its strong performance during the year. Between April and February, as many as 99 companies launched their public issues, raising a total of Rs 1.65 lakh crore.This is higher than the previou…
New Delhi, March 13 (IANS) Domestic-listed Real Estate Investment Trust (REIT) market has expanded more than six-fold since FY20 — a pandemic year — growing from Rs 27,100 crore in 2019-20 to Rs 1.72 lakh crore in the first nine months of FY26, a report said on Friday.As per the CBRE report, the sharp growth comes after the listing of the country’s first REIT in FY20 and has been driven by new listings as well as steady unit price appreciation among existing REITs.From the total listed REITs…
Mumbai, March 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.Several airline and helicopter service provider stocks declined sharply, including InterGlobe Aviation (IndiGo).IndiGo shares ended at Rs 4,236, down around 4 per cent on the BSE. The …
New Delhi, Feb 28 (IANS) Nearly 360 companies have migrated from the SME platforms of the NSE and BSE to the mainboard exchanges, reflecting the growing maturity of India’s small and medium enterprises, a new report said on Saturday.The data compiled by B2K analytics said that 199 companies from the BSE SME platform and 158 companies from the NSE Emerge platform are now listed on the mainboards.Migration refers to the process through which a company shifts its securities from the SME exchange …
Mumbai, Feb 21 (IANS) Gold prices surged 0.23 per cent during the week, amid renewed buying interest due to global macro-economic factors, safe haven demand and lack of directional cues from the US Federal Reserve.On Friday, MCX gold February futures surged 0.07 per cent while MCX silver March futures added 4.41 per cent. Currently gold futures stand at Rs 1,56,993, while silver futures at Rs 2,52,042 per kg.The price of 10 grams of 24-carat gold was at Rs 1,54,080 on Friday down from Rs 1,54,48…
Mumbai, Feb 19 (IANS) Gold and silver prices continued to rise for a second consecutive session on Thursday — amid rise in geopolitical tensions, cautiousness of the US Federal Reserve stand and withdrawal of additional margins on gold and silver futures in domestic market.The US Defence Department has sent additional weaponry to the Middle East such as warships, air defences and submarines, in preparation for a possible military strike on Iran if negotiations fail, according to multiple report…
Ranchi, Feb 16 (IANS) The Enforcement Directorate’s Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA), against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka. The case involves a large-scale multi-level marketing fraud that duped 16,927 investors across the country through a classic Ponzi scheme promising unrealistic lifelong monthly returns of 15 per cent, the ED said in …
Mumbai, Feb 16 (IANS) Shares of Brainbees Solutions, which operates baby and mother care retailer FirstCry, came under heavy selling pressure on Monday, as the stock fell sharply by nearly 11.3 per cent to hit a fresh record low of Rs 236.8 apiece as investors reacted negatively to the company’s December quarter results.However, at the close of the trading session, it was down by Rs 30.35 or 11.25 per cent to trade at Rs 239.45.The company reported a wider net loss of Rs 39 crore in the third …
Mumbai, Feb 15 (IANS) After a sharp fall in benchmark indices, investors will closely track global and domestic cues next week, including the US Federal Reserve minutes, RBI policy signals, IT sector trends, bullion prices and foreign investor activity, which are likely to decide the direction of the Indian stock market.Indian stock markets ended sharply lower on Friday, (February 13), weighed down by weak global cues and rising worries over artificial intelligence and its possible impact on the…