
Hero Motocorp case: IT Deptt says automaker siphoned off ₹800 crore
The taxman said it was also found that 10 acres of farm land at Delhi was purchased through a few paper companies.
The taxman said it was also found that 10 acres of farm land at Delhi was purchased through a few paper companies.
The BSE Sensex and the NSE Nifty are poised to open higher on Wednesday, mirroring firm cues from Asia and Wall Street as well as positive trade on SGX Nifty. futures.
Following the report, Hero MotoCorp shares dipped more than 7% on Tuesday hitting an intraday low of ₹2,155, before closing at ₹2,208.35.
Dalal Street extended rally for the second session on Tuesday, thanks to strong buying in healthcare and realty space and hopes for progress in Russian-Ukraine peace talks.
Officials of the Income Tax Department are looking at financial documents and other business transactions of Hero MotoCorp and its promoters.
The BSE Sensex and the NSE Nifty are set to open sharply lower on Tuesday, following sell-off in Asian markets amid looming fear of war in Ukraine.
A three-member arbitral tribunal will decide who among the adversarial Munjals — Vijay or Pawan — will be bestowed with the elusive Hero brand identity for its electric portfolio
The BSE Sensex and the NSE Nifty are expected to open higher on Thursday ahead of interest rate decision by RBI's monetary policy committee.
FM Nirmala Sithraman announced a slew of measures for the automotive sector including a new battery swapping policy and a focus on electric vehicles for public transport.
Hero MotoCorp needs to monetise its internal EV developments, or it will be dethroned once the market is fully electrified. TVS is poised to benefit from its strong R&D initiatives and brand building