Mon, May 2, 2022 10:36 AM
Welspun Corp secures worth Rs1,600 crore project from Soma Indus
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The income tax department has reportedly sent out notices to several startups, including some leading unicorns or those with valuations above a billion dollars, over unaccounted investments made between FY 2019 and 2021. The tax authorities have sought an explanation of the nature and source of the funds. The tax notices were served under Section 68 of the Income-Tax Act.
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✅Amid mixed global cues, benchmark indices opened on a flat note on May 30. 📈At 9:16 AM, the Sensex dumped 6.53 points or 0.01% at 62839.85, and the Nifty was up 8 points or 0.04% at 18606.65. 📢 HCL Tech (⬆0.17%), ONGC (⬆0.50%) and UPL (⬆0.35%) appeared as the top performers on the Nifty50 at the open. Reliance, RVNL, Torrent Power and NBCC(India) stocks are in focus today.
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ICICI Bank's board of directors approved an increase in shareholding in the lender's general insurance subsidiary, ICICI Lombard General Insurance, as it aims to establish the company as a subsidiary of ICICI Bank. The bank plans to acquire an additional 4% stake in multiple tranches, in line with applicable laws, to ensure compliance with Section 19 (2) of the Banking Regulation Act, 1949.
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