Meesho has received a demand notice from the Income Tax Department for the financial year 2023–24. According to the notice, the company has a tax liability of ₹1,499.73 crore, including applicable interest.
R Systems International has announced an interim dividend for the financial year 2026. The company has declared a dividend of ₹6 per share, with March 12 set as the record date.
The board of Yes Bank has appointed Vinay Muralidhar Tonse as Managing Director and Chief Executive Officer (Designate). Tonse will complete the formalities of his appointment on March 12 and will assume charge after the current MD and CEO, Prashant Kumar, steps down on April 6.
Tata Power has announced a partnership with Salesforce aimed at digitising its rapidly expanding rooftop solar, EV charging and smart home solutions businesses. The collaboration is aligned with India’s net-zero targets and Tata Power’s long-term clean energy strategy.
UltraTech Cement has entered into three agreements to acquire a 26.20 percent stake in Sunsure Solarpark Thirty Eight Private Limited. The company operates in renewable energy generation and transmission. The acquisition is intended to meet the company’s green energy requirements and comply with captive power usage rules under electricity laws.
Max Estates has received approval from the Real Estate Regulatory Authority (RERA) for its Max One project in Noida. The project spans 10 acres and has a potential development area of 2.5 million square feet. Estimated total sales from the project are projected at ₹2,000 crore, with potential annual rental revenue estimated at approximately ₹120 crore.
Dr Reddy’s Laboratories has received a letter from the United States Department of Justice stating that, based on the information available, the department has closed its investigation under the Foreign Corrupt Practices Act (FCPA). The department has not recommended any action against the company. In November 2020, the company had initiated an investigation into allegations of improper payments to healthcare professionals in Ukraine and other countries.
Kirloskar Electric Company has relieved its Chief Financial Officer, Sanjeev Kumar S, from his position effective March 6.
Axis Bank, Axis Securities and Axis Capital have granted preliminary consent to a proposal for the merger of Max Financial Services into Axis Max Life Insurance.
DSP Mutual Fund sold 2.76 lakh shares, representing a 1.03 percent stake, in PET bottle recycling company Ganesha Ecosphere for ₹21.2 crore. During the same period, India Capital Fund purchased 2.34 lakh shares worth ₹17.97 crore.
