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May 01, 2025
- RATHI STEEL ; Allahabad High Court Stays GST Recovery Against Rathi Steel
- Court stayed ₹58.22 lakh GST demand, penalty, and interest recovery initiated by GST Dept
- Case relates to ITC reversal on certain invoices
- No material financial or operational impact on the company
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- ELANTAS BECK Q4 :CONS NET PROFIT DOWN 11 % AT 32.8 CR (YOY), UP 18 % (QOQ)
- REVENUE UP 17 % AT 206 CR (YOY) ,UP 5 % (QOQ)
- EBITDA UP 8 % AT 40.38 CR (YOY),UP 16 %(QOQ)
- MARGINS AT 19.56 % V 21.25 % (YOY),17.74 % (QOQ)
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- Nitco ; Co. Bags Rs 111 Cr Tile and Marble Order from Prestige Estates
- Order exceeds earlier expected value of Rs 104 Cr
- Domestic order for ongoing Prestige projects, to be completed in ~6 months
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- SUNDRAM FASTENERS Q4 :CONS NET PROFIT DOWN 7 % AT 124 CR (YOY), DOWN 5 % (QOQ)
- REVENUE UP 4 % AT 1530 CR (YOY) ,UP 6 % (QOQ)
- EBITDA DOWN 2 % AT 224 CR (YOY),DOWN 1 %(QOQ)
- MARGINS AT 14.7 % V 15.6 % (YOY), 15.8 % (QOQ)
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- MobiKwik : Co.s Subsidiary Zaakpay Gets RBI Nod to Operate as Online Payment Aggregator
- RBI grants Certificate of Authorisation to Zaak ePayment Services under PSS Act, 2007
- Approval enables Zaakpay to expand its digital payments business
- License has no expiry and is effective from April 30, 2025
- No impact from cancellation or suspension, as none has occurred
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- THE PHOENIX MILLS Q4 :CONS NET PROFIT DOWN 18 % AT 268 CR (YOY), UP 2 % (QOQ)
- REVENUE DOWN 22 % AT 1016 CR (YOY) ,UP 4 % (QOQ)
- EBITDA DOWN 11 % AT 559 CR (YOY),UP 1 %(QOQ)
- MARGINS 55.05 % V 48 % (YOY), 56.7 % (QOQ)
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- FORBES Q4 :CONS NET PROFIT UP 2934 % AT 102.8 CR (YOY),UP 983 % (QOQ)
- REVENUE FLAT % AT 86.88 CR (YOY) ,UP 116 % (QOQ)
- EBITDA UP 81 % AT 12.52 CR (YOY),UP 231 %(QOQ)
- MARGINS AT 14.4 % V 8 % (YOY), 9.4 % (QOQ)
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- TCS ;TCS Completes Full Acquisition of TRIL Bengaluru Real Estate Entities
- TCS acquires remaining 35% stake in TRIL Bengaluru Real Estate Five and Six Ltd
- Entities now become wholly owned subsidiaries of TCS
- Transfer executed under Share Purchase and Securities Purchase Agreement with TRIL
- Follows initial 65% acquisition completed in January 2025
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- BARBEQUE NATION; Barbeque-Nation to Complete 51% Stake Buy in Willow Gourmet by June
- Earlier acquired 42.36% in Willow Gourmet
- Remaining 8.64% stake to be acquired by June 30, 2025
- Deal follows prior agreements signed in Feb and March 2025
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- VALOR ESTATE; DB Realty Sells 10.45% Stake in Schreiber Dynamix for Rs 167.6 Cr
- DB View, a DB Realty unit, sold 1.42 Cr shares in Schreiber Dynamix to Schreiber International Inc.
- Deal value: Rs 167.6 crore; proceeds to strengthen financials and optimize asset recovery
- Schreiber is a U.S.-based food brand supplier known for cheese and dairy products
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- Was Namesake Gensol Director, Brother Anmol Took All Calls: Gensol’s Puneet Jaggi
- Source: Inc42
- https://search.app/hGMFb
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