Scoreboard
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RBL Bank has announced that the Maharashtra State Tax Department has withdrawn its entire GST demand of βΉ920 crore for FY2019-20, including interest and penalties. This marks a significant regulatory relief for the private lender, easing investor concerns over potential financial liabilities.
Thomas Cook (India) Limited has approved a supplemental agreement with Atirath Technologies to co-develop a Travel AI Platform through their joint venture, Indian Horizon Marketing Services Limited. Both partners will maintain equal 50:50 shareholding, reinforcing their commitment to innovation in Indiaβs travel technology sector.
Welspun Corp has completed an intragroup transfer of 22% equity in East Pipes Integrated Company for Industry (EPIC), valued at SAR 979.90 million. The transaction, executed on Tadawul Stock Exchange, shifts ownership between wholly owned subsidiaries without altering ultimate control.
Crisil Limited has received a reassessment order from the Income Tax Authority for FY 2016β17, resulting in a demand of INR 121.20 crore. The company maintains that the additions are unwarranted and plans to file a rectification application and appeal against the order.
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