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nfosys | Tax Orders – Infosys Ltd received tax orders from the Indian government, expecting a refund of INR 6,329 crores for certain years. – They also received tax demands totaling INR 2,767 crores for other years. Subsidiaries got tax orders totaling INR 277 crores. They’re assessing the impact and considering appeals. – Additionally, a subsidiary got refunds totaling INR 14 crores. These orders exceed materiality criteria and are disclosed for transparency

nfosys | Tax Orders – Infosys Ltd received tax orders from the Indian government, expecting a refund of INR 6,329 crores for certain years. – […]

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G R Infra Projects Limited | New Project – The company’s subsidiary, GR Bamni Highway Private Limited, received a letter from the National Highways Authority of India for new project – The project involves four-laning an existing two-laned stretch of highway in Maharashtra. – It’s under the Hybrid Annuity Mode with a completion period of 730 days from the appointed date and an operation period of 15 years from the commercial operation date

G R Infra Projects Limited | New Project – The company's subsidiary, GR Bamni Highway Private Limited, received a letter from the National Highways Authority […]

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India’s foreign exchange reserves rose by $140 million in the week that ended on 22 March. Total forex reserves now stand at $642.63 billion. In the week before that (ended on 15 March), forex reserves had increased by $6.4 billion. Akasa Air has started its international operations with its first overseas flight from Mumbai to Doha. Citizens are advised to be cautious about picking up calls from foreign origin numbers like +92 on WhatsApp to avoid potential scams: Department of Telecommunications (DoT).

India's foreign exchange reserves rose by $140 million in the week that ended on 22 March. Total forex reserves now stand at $642.63 billion. In […]

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In recent developments, the National Stock Exchange (NSE) has made substantial changes by revising the lot size of derivative contracts for 54 stocks. This significant update is set to have wide-ranging impacts on the derivatives market and trading strategies. Market participants are advised to stay informed about these changes and adjust their trading plans accordingly. The revised lot size is aimed at aligning the trading framework with current market dynamics and enhancing the efficiency of the derivatives segment. Traders and investors need to carefully assess the implications of these changes on their existing positions and future trading strategies. It is crucial to adapt risk management approaches and ensure compliance with the revised lot sizes. Additionally, it is essential to keep a close watch on the communication from NSE and other regulatory bodies regarding these modifications. By staying well-informed and responsive to market changes, professionals and individuals can mitigate potential risks and capitalize on new opportunities in the evolving derivatives landscape. As this update unfolds, it is imperative for market participants to engage with their financial advisors or consultants to navigate through the complexities and implications of the revised lot size. Adhering to best practices and having a comprehensive understanding of the modified lot sizes are vital for achieving success and sustaining growth in the derivatives market. Stay tuned for further insights and analysis on this development as we delve deeper into understanding the impact and strategies for navigating the revised lot size of derivative contracts for the 54 stocks

In recent developments, the National Stock Exchange (NSE) has made substantial changes by revising the lot size of derivative contracts for 54 stocks. This significant […]

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US ECONOMIC DATA *US Chicago PMI* Actual : 41.4 Forecast: 45.9 Prev.: 44 Impact : Positive for Precious metals *US Pending Home Sales m/m* Actual : 1.6% Forecast: 1.4% Prev.: -4.9% Impact : Negative for Precious metals *US Revised UoM Consumer Sentiment* Actual : 79.4 Forecast: 76.5 Prev.: 76.5 Impact : Negative for Precious metals

US ECONOMIC DATA *US Chicago PMI*Actual : 41.4Forecast: 45.9Prev.: 44Impact : Positive for Precious metals *US Pending Home Sales m/m*Actual : 1.6%Forecast: 1.4%Prev.: -4.9%Impact : […]

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Morning Alert.28 march

Morning Alert.Growth in range of 7% perfectly good for India unless external environment improves, says SanyalIndia should be satisfied with the current growth rate unless […]

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News Headlines from Business News Agencies :* *Business Standard :* JPMorgan sees foreign investors flocking to Indian stocks after LS polls JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030 India’s aviation boom could support more hubs, says Air India CEO Wilson Amazon Pay to ramp up Smart Store services partnership with top 20 brands Deloitte’s ‘biggest reorganisation in decade’ to simplify business: Report TCS sets up Pace Port in London to promote business, tech collaboration Current methods of assessment need improvement: Pratham CEO Rukmini Banerji Google fined 250 million euro in French clash with news publishers Uber boosts eco-mobility, backs Indian startups with sustainovate challenge RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank Indian Railways earned Rs 1,229 cr from cancelled waiting list tickets High base effect of last year to hit March growth business of life insurers *Economic Times :* Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges Voda Idea fund raising important for healthy competition: Nokia executive TVS Motor to issue preferential bonus shares in 4:1 ratio Saudi Arabia plans $40-billion push into artificial intelligence Non-bank lender Sugmya Finance raises $3 million in funding from existing investors JSW Group interested in acquiring critical mineral blocks: Chairman Sajjan Jindal Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled Intel clinches nearly $20 billion in awards from Biden to boost US chip output Low-cost ecommerce giant PDD Holdings beats quarterly revenue estimates Arun Kakatkar replaces Ira Gupta as HR head of Microsoft India Intel prepares for $100 billion spending spree across four US states Fintech players disbursed Rs 36,000 crore in Q3 FY24, up 55% on year: report *Mint :* Customer-facing parts of Air India-Vistara won’t change before 2025: AI CEO Retail investors’ inflow to mutual funds spiked 40 per cent in the past one year Cloudera and Nvidia collaborate to expand generative AI capabilities Healthtech startup Ultrahuman Raises $35mn in series B Centre brings wheat and rice under price stabilization fund Thomas Cook eyes complete recovery of international biz in FY25 Semiconductor plant in Assam will put state on global map: Ratan Tata Pocket FM rings in its largest fundraise with a $103-million round New-age companies Pine Labs and Zepto eyeing shift of base to India, says report Birla Opus entry may spark tough paint sector competition, margin concerns Bharti Hexacom IPO likely to launch in Apr, seeks ₹28,000 cr valuation: Report Morgan Stanley sees brent crude prices hitting $90/barrel this summer

News Headlines from Business News Agencies :* *Business Standard :* JPMorgan sees foreign investors flocking to Indian stocks after LS polls JSW Group-MG Motor venture […]

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