Vodafone Idea shares tumble nearly 10 pc
New Delhi:Shares of Vodafone Idea on Friday tumbled nearly 10 per cent after the Supreme Court dismissed the applications filed by telecom majors seeking rectification of the alleged errors in calculation of adjusted gross revenue (AGR)-related dues payable by them. The stock plummeted 9.62 per cent to close at Rs 8.36 on the BSE. During the day, it tumbled 14.91 per cent to Rs 7.87. On the National Stock Exchange (NSE), it plunged 9.72 per cent to close at Rs 8.35.
Sebi gives more time to top 100 listed cos to hold AGM
New Delhi:Easing compliance norms for firms amid ongoing coronavirus pandemic, market regulator Sebi on Friday said the top 100 companies by market capitalisation can delay their annual general meetings (AGM) by a month. Such listed entities will hold their AGM within six months from the date of closing of the financial year for 2020-21, the Securities and Exchange Board of India (Sebi) said in a circular.Under the rules, the top 100 listed entities by market capitalisation are required to hold their AGM within five months from the date of closing of the financial year.
INDIA’S BIGGEST VITRIFIED TILES PLANT
Mumbai: With an aim to contribute to “Make in India” and the “Vocal for Local” initiatives, Sunhearrt Group entered into a JV with Ajanta Oreva Group to set up India’s biggest vitrified tiles plant. “It is a proud moment for all of us and this decision is important to match up to the demand of the international markets. This collaboration is a testimony to the saying ‘United we stand’ and thus with this joint venture with Ajanta Oreva Group and our mammoth plant at Samakhiyali, Gujarat, we are beginning our new journey to create history in the Indian tile industry,” said Sunhearrt Group chairman Bhudarbhai. Sunshine Tiles Company Pvt Ltd owns “Sunhearrt brand”.