Maruti Suzuki faces ₹5,786 crore draft tax order; to challenge before panel

Maruti Suzuki said it has received a ₹5,786 crore draft tax assessment order for FY23 from the Income Tax Department and will challenge it.

Maruti Suzuki said it has received a ₹5,786 crore draft tax assessment order for FY23 from the Income Tax Department and will challenge it.

Mastek (UK) Ltd won a £15 million two-year contract from the UK’s Financial Conduct Authority, to help scale and modernise the regulator’s digital platforms and processes.

Investors are turning to dividend-paying stocks amid market swings. Colgate-Palmolive, Johnson & Johnson, and Fastenal are outperforming with dividend yields of 2.39%, 2.15%, and 2.11% respectively.

Cash levels for India’s mutual funds as a percentage of the overall Assets Under Management remained nearly the same in February, compared to the month of January, as per a recent analysis from brokerage firm JM Financial.

Andhra Petrochemicals Ltd suspended operations at its Visakhapatnam plant on March 17 after Hindustan Petroleum halted propylene supply due to geopolitical conflicts.
Jonathan Garner, Chief Asia and Emerging Markets Equity Strategist, Morgan Stanley, says the risk is not just higher oil prices but disruption in supply flows across oil and gas. He flags that this could hit industrial production, including fertilisers, and…

Brokerage firm Macquarie said that margin pressures are likely to remain a near-term concern for paint manufacturers due to elevated input costs.

The Indian rupee opened stronger at 92.39 against the US dollar on March 17, up from 92.42 on March 16, aided by a pause in crude oil price rally and better global risk sentiment.

As many as 94.09 crore shares of the company freed up for trade today as its six-month shareholder lock-in came to an end. The number of share that free up for trade amount to 66% of the company’s outstanding equity.

Barring Dixon, JPMorgan expects every stock within this sector to deliver 20% revenue growth over financial year 2026-2028.