New Delhi: Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As much as 93.61 per cent of votes were in favour of the special resolution to approve the proposal for 100 per cent disinvestment (by way of sale, transfer or otherwise).
Open FlipThe Income Tax department has served a fresh notice of Rs 1,700 crore to the Congress for discrepancies in tax returns for previous years, dealing another blow to the cash-strapped party ahead of the Lok Sabha polls, sources said on Friday. The tax penalties along with interest relate to discrepancies in tax returns for years 2017-18 to 2020-21, the sources said.
Open FlipIndian equities had a stellar year in 2023-24, with the benchmark NSE Nifty 50 rising 30 percent and broader midcap and smallcap indices surging as much as 70 percent. Several stocks with very high retail investor base, rode the market rally to turn multibaggers, more than doubling during the year. Moneycontrol has listed top 30 firms with the largest retail shareholder base.
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