Stocks in news: ITC, Orient Cement, Surya Roshni and Newgen Software
When markets resume trading today, ITC, Orient Cement, Surya Roshni and Newgen Software Technologies will be in focus due to various related developments.
By ETMarkets.com |
ETtech
Indian benchmarks made a smart recovery from the day's low on Tuesday but it was not good enough for the S&P BSE Sensex and Nifty to close the day in the green. They were pulled down majorly by the IT stocks while some selling pressure was also seen in the banking stocks. The S&P BSE Sensex settled at 78,139.01, down by 109.12 points or 0.14% while the broader Nifty closed flat at 23,644.80, lower by 0.10 points. As 2024 ended, Nifty managed a 9% uptick over the previous year while Sensex rose by 8%.
When markets resume trading today, ITC, Orient Cement, Surya Roshni and Newgen Software Technologies will be in focus due to various related developments.
ITC, Orient Cement, Surya Roshni and Newgen Software Technologies
ITC
Unlocking value for 36 lakh shareholders of the diversified Kolkata-based conglomerate, the much-awaited demerger of ITC Hotels comes into effect from today, January 1. The company has set the record date for ITC shareholders on January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company.
Orient Cement
Orient Cement has informed stock exchanges about receiving a GST demand notice of Rs 6.45 crore from Additional Commissioner, Central Tax in Belagavi, Karnataka together with interest and equivalent penalty. It is accused of wrongful availment of Input Tax Credit taken with respect to railway siding set-up. The company said that it will contest the order.
Shares of Surya Roshni will ex-bonus on Wednesday. It is also the record date for 1:1 bonus share issue of the company.
Newgen Software Technologies
Newgen Software Technologies on Tuesday informed exchanges about accepting the Award Letter from the customer for the Provision of Credit Automation services. The aggregate value of the award is $1.64 million.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
When markets resume trading today, ITC, Orient Cement, Surya Roshni and Newgen Software Technologies will be in focus due to various related developments.
ITC, Orient Cement, Surya Roshni and Newgen Software Technologies
ITC
Unlocking value for 36 lakh shareholders of the diversified Kolkata-based conglomerate, the much-awaited demerger of ITC Hotels comes into effect from today, January 1. The company has set the record date for ITC shareholders on January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company.
Orient Cement
Orient Cement has informed stock exchanges about receiving a GST demand notice of Rs 6.45 crore from Additional Commissioner, Central Tax in Belagavi, Karnataka together with interest and equivalent penalty. It is accused of wrongful availment of Input Tax Credit taken with respect to railway siding set-up. The company said that it will contest the order.
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Surya RoshniShares of Surya Roshni will ex-bonus on Wednesday. It is also the record date for 1:1 bonus share issue of the company.
Newgen Software Technologies
Newgen Software Technologies on Tuesday informed exchanges about accepting the Award Letter from the customer for the Provision of Credit Automation services. The aggregate value of the award is $1.64 million.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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