Manufacturing company Bharat Forge has acquired AAM India Manufacturing for Rs 746.4 crore. The acquisition includes the takeover of Rs 189.4 crore cash on the books of AAM India Manufacturing. The company will have a 100% stake in AAM India Manufacturing after the acquisition. In an exchange filing, Bharat Forge said that earlier in the
Motilal Oswal has initiated coverage on INOX Wind (IWL) with a Buy call and a price target of Rs 210, implying about 21% upside from current levels. The brokerage in its report noted that IWL is one of the few home‑grown wind energy OEMs that handles “end‑to‑end solutions from conception and commissioning to O&M”. Its four factories can
In the first half of 2025, the Reserve Bank of India (RBI) has reduced the repo rate by 100 basis points, ensuring a significant decline in the loan rates in the banking sector. This has brought great relief, especially for home loan borrowers, because this loan is taken for a long period (20 to 30
Mahindra Holidays & Resorts India has disclosed in a regulatory filing that they have received a tax demand notice of over Rs 363 crore. The notice was issued by Anna Salai, who is the state tax officer at the Central Board of Indirect Taxes and Customs, Chennai. The company received a show-cause notice from the authority
In racing, whether it’s a horse derby or any other, the horse is always the star of the show. But there’s one person who can make all the difference between winning and losing: the jockey. The jockey is the one who controls the horse, sets the pace at every twist and turn and uses strategy
In a significant relief for taxpayers who had filed income tax returns (ITRs) late but with proper condonation from the Income Tax Department, the Central Board of Direct Taxes (CBDT) has allowed processing of such returns and issuance of refunds by March 31, 2026. The tax department’s move is aimed at addressing cases where valid
Amazon India is gearing up for a higher penetration in the interior of India as it opens new fulfillment centres in the tier-2 cities. On Thursday, the company said that it has launched 5 new fulfillment centres in India, with 4 located in tier-2 cities, Indore, Bhubaneshwar, Kochi, and Rajpura (Punjab). While the global e-commerce
Motilal Oswal has a ‘Buy’ rating on Coforge, with a target price of Rs 2,200, implying an upside of 18%. The brokerage expects that the company has a strong executable order book and resilient client spending across verticals that bodes well for its organic business. Motilal Oswal on Coforge: Management confident of organic growth Coforge’s
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
