Tarun Sharma

1 week ago | topnews.in | Tarun Sharma

ICICI Securities has reiterated its BUY recommendation for JSW Infrastructure (JSWIL) with an upgraded target price of Rs 345, reflecting a 17% upside from the current market price of Rs 294. Despite temporary volume challenges from core assets, JSWIL’s aggressive push into logistics and strategic greenfield expansions is expected to deliver robust growth. The company is executing a Rs 90 billion capex program over FY25–30, aiming to scale both port operations and its logistics division.

1 week ago | zeebiz.com | Tarun Sharma

Gensol Engineering’s regulatory troubles continue to escalate, with the Ministry of Corporate Affairs (MCA) having initiated investigation into the company and its group entities. The move follows a preliminary enquiry conducted by the ministry, which revealed grounds serious enough to warrant a deeper probe. In an unusual and significant step, the ministry has bypassed the inspection process and directly initiated an investigation under relevant provisions of the Companies Act.

1 week ago | zeebiz.com | Tarun Sharma

As per the plan, the CBDT has asked field officers to closely monitor any decline in tax collections and promptly investigate the reasons. Officers are also directed to keep a close watch on advance tax contributions from top taxpayers to ensure timely inflows. A key focus of the CAP is on reducing outstanding tax arrears, which currently stand at Rs 48.17 lakh crore. The board has issued clear instructions to prioritize the reduction of these arrears.

1 week ago | zeebiz.com | Tarun Sharma

In the wake of recent developments involving IndusInd Bank, regulatory authorities are considering new norms for concerning the appointment and functioning of statutory auditors in public sector banks. According to sources, a high-level meeting was held in the first week of April, involving the Reserve Bank of India (RBI), the Department of Financial Services (DFS), and the Comptroller and Auditor General (CAG).

1 week ago | zeebiz.com | Tarun Sharma

India-Pakistan Conflict After Pahalgam Terror Attack, IMF Executive Board Meeting Tentative Date: Amid rising India-Pakistan tensions following the terror attack in Pahalgam, Jammu and Kashmir, last month, India is likely to oppose a proposed loan by the International Monetary Fund (IMF) to Pakistan, sources told Zee Business. India may also challenge potential lending by other multilateral development banks (MDB), besides the IMD, according to the sources.