News Overview

To 10 January 2022

Revenue Department had approached Apex court after Appellate Tribunal had partially dropped the Adjudicating Authority’s demand of over Rs46.65cr along with the corresponding interest and penalty.

Vodafone Idea slumped 13.13% to Rs 12.90 after the company said the Indian government will own almost 36% in the firm after conversion of dues into equity.

A mixed stance was logged across sectoral indices with IT outperforming its counterparts and metal stocks being the worst hit.

JBM Electric Vehicles Private Limited, its wholly-owned subsidiary has acquired 51% stake.

To 17 January 2022

The board of Axis Bank on 10 January 2022 approved the re-appointment of Rajiv Anand as the Deputy Managing Director (MD) of the bank including the terms and conditions and his remuneration, for a period of 3 years, with effect from 4 August 2022.

Paytm’s lending business has scaled up by 401% (y-o-y basis) with 4.4 million loan disbursals through the platform valuing Rs 21.8 billion (y-o-y growth of 365%).

Steel Authority of India Ltd has lost 6.01% over last one month compared to 1.54% fall in S&P BSE Metal index and 2.86% rise in the SENSEX

The current market cap of the company is Rs12,516.40cr.