Vinyas Innovative Technologies an electronics manufacturing services (EMS) provider, has announced the receipt of purchase orders worth Rs 390 crore from a domestic customer. The orders are based on standard terms and conditions commonly accepted by the company and do not involve any related parties. Furthermore, none of the promoter group or group companies have any interest in these contracts.
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Cigarettes are expected to be among the first products included in a track-and-trace mechanism approved by the GST Council, with pan masala also under consideration. The council, led by Finance Minister Nirmala Sitharaman, has amended the Central GST Act to enable the government to enforce this system for commodities prone to tax evasion, according to a report by The Times of India.
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HDFC Bank share price gained nearly 2% on Monday amid broad-based buying in banking stocks, fuelling a short-covering rally in the Indian stock market. HDFC Bank stock rose as much as 1.91% to a high of ₹1,805.90 apiece on the BSE. Positive momentum in HDFC Bank shares was also boosted after Emkay Global reiterated its bullish view on the banking heavyweight and raised target price on the stock.
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