Category: Corporate Story

MCA grants five-year dematerialization breather for producer companies

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Extended deadline replaces earlier 18-month compliance window. In a significant move, the Corporate Affairs Ministry (MCA) has granted relief for “producer companies”, extending the compliance window on mandatory dematerialisation of their existing shares. Producer companies, who were earlier required to complete dematerialisation of their shares by September 30, 2024, have now been given time till […]

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Corporate capex growth slows in FY24 after picking up pace in FY23

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After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]

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Vedanta Targets $6 Billion EBITDA in FY25, Affirms Profit Goal Expectations

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Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors. Ajay Goel, the Chief Financial Officer of Vedanta Limited, stated […]

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Biden Slaps Higher Tariffs on Chinese EV Batteries, Chips

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U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters, who give his economic policies low marks. Biden will keep tariffs put in place […]

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Modi’s likely 3rd term to Focus on Inclusive Growth led by Investment, Welfarism: FM

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The Finance minister Nirmala Sitharaman said on Tuesday that Prime Minister Narendra Modi’s likely third term will be marked by “more governance and less government”, with a continued thrust on an investment-led and inclusive growth strategy, and welfarism that seeks to uplift the poor. It will also be marked by policies for “greater foreign direct investment […]

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