The company has said that it will respond to the warning letter within the stipulated timing and work closely with the US FDA to address the concerns.
The penalties have been levied for the tax periods spanning from April 2016 to March 2017 and April 2017 to March 2018.
The company had posted 16.7 percent fall in its September quarter net profit at Rs 79.6 crore against Rs 95.5 crore in the same quarter last year.
The technical charts indicate a bullish setup in the GMR Infra, Dabur India, and Dalmia Bharat counters.
The company will supply 40mtr towers with all the accessories with total 300 towers to be supplied in Jharkhand and Chhattisgarh.
The company is planning forays into smaller towns over the next few years. The projects will be a mix of residential and commercial ventures, in Tier II cities where the company sees greater scope.
Last week saw a significant drop in the dollar index to 103.82 and US 10-year yields to 4.38%.
According to Geojit, India's oilmeal exports in October rose 36% on year to 289,931 tn, according to data released by The Solvent Extractors' Association of India today.
Indian shares opened on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. Both the benchmarks have risen more than 3% so far in November, bolstered by expectations that the U.S. Federal Reserve will not hike rates. Experts expect the positive sentiment in the markets to sustain for the fourth consecutive week with focus on the US bond yields and oil prices and FII flows. Stocks to watch out for include TCS and other IT names, Aurobindo Pharma, Bharti Airtel, Cipla amongst others. Catch Nickey Mirchandani in discussion with Prashant Sawant, Founder- Catalyst Wealth and Amnish Aggarwal- Head Of Research, Prabhudas Lilladher.
Google, also one of Dunzo’s largest investors, charges at least Rs 1,600 per user per month for its suite of offerings under the enterprise plan but Zoho charges only Rs 489 for the same arrangement.
Financial shares led the gains on November 20 as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports.
Coromandel International and Paradeep Phosphates have multiple value-accretive catalysts.
It is perfectly acceptable for individuals who have significant financial rewards tied to long hours to voluntarily put in any number of hours they wish to. Individuals driven by a passion to make the world a better place are also known to work long hours. But to advocate such long hours for everyone is nothing short of an exhortation to return to the exploitative practices of the early days of the Industrial Revolution
Kant, who was Secretary, DIPP, from 2014 to 2016, said that while India can increase the duty on products meant for domestic consumption such as furniture and food items, those that are exported should be competitively priced
Kotak Healthcare Fund is being launched in the background of healthcare funds returning an average of 25 percent in the last one year. While this sectoral fund category has delivered good returns over long-term periods, timing is key, as pharma funds can see cycles of underperformance.
Debt-free balance sheet, higher operating cash flows and lower capex will lead to higher dividend payout in the medium term
Indian equity market clocked one percent gains for third consecutive week ended November 17 despite RBI's decision to raise risk weights for unsecured loans impacted banking & financial stocks on Friday. This rally attributed to falling oil prices, and hopes for end to the rate hike cycle globally with declining inflation. Hence, experts expect the positive sentiment in the markets to sustain in the coming week too, with focus on US bond yields & oil prices, and advised continuing with buy on dips strategy. During the truncated week, the BSE Sensex climbed 535 points to 65,795, and the Nifty50 jumped 206 points to 19,732, while the Nifty Midcap 100 and Smallcap 100 indices gained 2 percent and 2.7 percent respectively. Most of sectors participated in the weekly run up, barring banking & financial services stocks. IT & realty were the biggest gainers, with Nifty IT and Nifty Realty each rallying over 5% for the week. Even the mid & smallcap indices ended the week with gains of nearly 3% apiece. This week Nifty bulls will be watching out for a retest of the psychological 20,00o mark. The GIFT Nifty is hinting at a start around 19,800 for the Nifty. Stocks in focus today will be SBI Card, Aurobindo and Exide Industries among others. Catch Nandita Khemka in conversation with Kunal Shah, Senior Research Analyst, Carnelian Capital and Aamar Deo Singh, Sr Vice President – Angel One.
Voting will be held on November 21 at booth number 3 under polling centre number 71 at Kishupura between 7am and 6pm, the release said, adding that indelible ink will be applied on the middle finger of voters.
PM’s remark at Global South summit more in sync with India’s long-standing Palestine diplomacy and in line with New Delhi’s global ambitions
The ratings synthesise vast amounts of information into simple A, B and C ratings that you can relate to and use while choosing a health insurance product.
The company is looking forward to launching at least 5.3 msf by the end of FY24 comprising about 5,000 units. The company sees strong growth in the affordable segment, plus the standard growth in demand in all the mid-market and luxury segments.
Indian companies need younger board members who are more in tune with their markets, in line with demographic changes
In October, foreign portfolio investors sold upto 5.9 lakh shares, while domestic investors bought 38.65 lakh. Non-resident Indian investors sold around 3.27 lakh shares.
Demand from China, the largest energy importer in the world, has remained weak due to economic distress in the country. Meanwhile, crude stocks in the US rose by 3.6 million barrels recently.
The estimated time frame for implementation of the first release is 2026, and for the second release is 2028 or 2029, ASX said, adding that further stakeholder consultation for the next phase of the CHESS replacement project is set to start in the first quarter of 2024.