The Arbitral Tribunal ruled in favour of the company, ordering the government to pay the said amount plus interest at the rate of 12% per annum from the date of the award until payment.
At 8.00 AM IST, CSI 300 index was down by 22.88 points the Nikkei 225 was down by 867.32 points and the Hang Seng index was down by 352.72 points.
The initiative is part of Mahindra Lifespace’s strategic expansion in Mumbai's prime residential markets.
The new factory is an initial investment of ₹900 crore in its first phase and will primarily manufacture prepared dishes and cooking aids from Nestlé India’s foods portfolio.
The plant is located at the pithead of large high-quality raw material reserves, and near the existing putty manufacturing facilities in Rajasthan.
Refined zinc production for the quarter was 214,000 tonnes and lead production was 56,000 tonnes.
The tax demand will not affect the company’s financials or operations, it said in a regulatory filing.
The company has introduced a trial of the service in Bangalore, followed by a phased deployment across India by June 2025.
The company’s annual aluminium production reached 2,421 kt, registering a 2% jump on a year-on-year basis.
Here are some of the stocks that may see significant price movement today: UltraTech Cement, Jio Financial, Avenue Supermarts, etc.

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