Kamdhenu PAT grows to Rs 16 cr in Q2; board approves share split in 1:10 ratio
The board of the company also approved the sub-division or split of equity shares into a ratio of 1:10.
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Commvault strengthens India operations with Coimbatore facility
Announcing the Coimbatore facility, Commvault in a release said it will also serve as an innovation hub for engineering and technical talent, focusing on supporting regulatory compliance and AI advancements.
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Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement.
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Zetwerk is said to consider raising $1 billion in Indian IPO
The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, as per sources.
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Plans afoot to put LLPs and cos on par in accounting
The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.
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GST dept targets over 1k suspicious firms, Rs 124 cr tax evasion uncovered
A total of 1,057 dubious firms were detected by the GST department of which 205 firms were investigated by Madhya Pradesh team through data analytics whilst a list of 852 firms were communicated by other states.
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