Everything a finance person must know - re-brewed every 10 minutes
A food provider serving a hospital faces service tax liability for outdoor catering operations. The tribunal noted that the tax demand applies exclusively to the service element after value-added tax was cleared on goods. This judgment clarifies tax applicability on institutional food supply contracts.
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The tribunal admitted an insolvency petition for a debt default of Rs 7.28 crore. It ruled that a debtor's overall commercial viability does not serve as a valid legal ground to dismiss corporate resolution proceedings when financial debt and default are established through records and electronic evidence.
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Stockbrokers plan to request regulatory clarification regarding peak margin rules following recent relief measures. The regulator had previously relaxed margin mandates on 22 October for trades executed via early share transfer mechanisms to clearing corporations.
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The central consumer authority imposed a penalty of Rs 1 lakh on Sunrise Foods for deceptive claims regarding 100% whole wheat bread products. The authority mandated the immediate cessation of related advertisements and ordered full compliance reporting within a 15-day window.
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Domestic equity benchmarks recorded sharp gains, with the Sensex rising over 700 points and the Nifty approaching the 22,900 mark. Major corporate entities, including Reliance, Jio, and Adani group equities, spearheaded the market advance.
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The securities market regulator is formulating plans to simplify compliance requirements for foreign portfolio investors. This initiative aims to encourage greater capital inflows into domestic financial markets by reducing regulatory friction.
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The central consumer authority fined Just Dial Rs 10 lakh for hosting deceptive listings related to ammonium nitrate. The authority dismissed the platform's defense as a directory service, ordering the immediate removal of the listings and compliance reporting.
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Kotak Securities upgraded its FY27 crude oil price assumption to $100 per barrel due to supply risks, raising earnings projections for ONGC and Oil India. ONGC stands as the preferred pick with an estimated fair value of Rs 360, whereas Oil India carries a fair value of Rs 365.
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ACME Solar saw its shares rise 5 percent after reporting a 133.5 percent surge in Q2 FY27 profit to ₹269 crore alongside higher revenue. Additionally, a subsidiary signed a 25-year power purchase agreement with NTPC for a 400 MW renewable energy project.
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Tata Group-backed Indian Hotels Company has partnered with Adani Airport Holdings Limited to manage eight hotels with over 2,000 rooms across four Indian cities. The collaboration features brands like Taj and Ginger, supporting IHCL's target of reaching 25 airport hotels.
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Dolat Capital initiated coverage on Jio Platforms with an Accumulate rating and a target price of Rs 1,435. The brokerage expects telecom tariff hikes, 5G monetisation, home broadband, and enterprise digital services to fuel future growth and free cash flow.
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SC Agrotech shares rallied nearly 15 percent over a week, hitting multiple upper circuits amid market optimism ahead of Q2FY27 results. Investors are actively tracking technical levels, support thresholds, and upcoming financial performance updates for the small-cap stock.
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