Sunday, July 27, 2025

Creating liberating content

MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year

This is an AI-generated image, used for representational purposes only.

Related News

MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral

Trending News

MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday hailed the newly signed free trade agreement with the United Kingdom and said that the deal was signed on

Mining penalty: Tata Steel gets Rs 1,902 crore demand notice from Odisha; firm to challenge revised mineral shortfall claim

Word Count: 588 | Estimated Reading Time: 3 minutes


Mining penalty: Tata Steel gets Rs 1,902 crore demand notice from Odisha; firm to challenge revised mineral shortfall claim

Tata Steel has received a demand notice of Rs 1,902 crore from the Deputy Director of Mines, Jajpur, for an alleged shortfall in mineral dispatch from its Sukinda Chromite Block in Odisha. The company disclosed the development in a stock exchange filing on Friday and said it would pursue legal remedies.The demand, issued on July 3, relates to a revised assessment for the fourth year of operations under the Mine Development and Production Agreement (MDPA), covering the period from July 23, 2023, to July 22, 2024, PTI reported.According to the filing, “The company has received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur, in connection with revised assessment of shortfall in dispatch of minerals from the company’s Sukinda Chromite Block, for the fourth year in terms of Mine Development and Production Agreement.”The notice alleges a violation of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, and includes a demand totalling Rs 1,902.72 crore, which factors in the sale value of the alleged shortfall quantity and the appropriation of performance security.Tata Steel stated that the assessment is based on the average sale price declared by the Indian Bureau of Mines. However, it maintained that the state’s claims are not supported by facts.“The management believes that the state’s demands lack justification and substantive basis and the Company will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forum(s),” the company said.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account