Public and private mining companies in India faced Rs 1.5 lakh crore arrears after the Supreme Court allowed states to collect royalty and tax on mineral-bearing land retrospectively from April 1, 2005. This judgement has significant implications for sector investment prospects, bottomlines, and may lead to increased power tariffs as financial liabilities impact company expansions and operations.
Related Posts
Stock market today: BSE Sensex opens in red; Nifty50 near 24,650
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Wednesday. While BSE Sensex was above 80,700, Nifty50 was […]
NSE takes fresh IPO plan to Sebi, 3rd time in 8 years
NSE, the largest stock exchange in India, is making a fresh attempt to list on the stock market following an eight-year delay due to regulatory […]
Ola Electrifies Dalal St with 20% jump on debut
- staff
- August 11, 2024
- 0
Ola Electric Mobility shares saw a significant surge on their debut, closing with a 20% gain at Rs 91. The Rs 6,146-crore IPO was the […]