Paytm: Paytm Stock Drops 3% on Paytm Payments Bank License Speculations
Paytm Shares fall down 3% after the RBI have the chances of Revoking its banking license from Financial sector due to Money Laundering and Violating KYC Norms in customers list.
PAYTM has broken Ascending channel in downside
Paytm shares drop 3% amid concerns over Paytm Payments Bank’s license. RBI may revoke the license due to irregularities, marking the first such action in over two decades. Business restrictions imposed on Paytm Payments Bank after RBI crackdown on KYC irregularities.
Financial Intelligence Unit-India imposes a penalty for violating money-laundering norms. Vijay Shekhar Sharma resigns from the board, and the company is appointing a new chairman.
Godrej Properties: Godrej Properties Stock Rises 3% on Bengaluru Township Development Deals
Godrej Properties is going to develop Township in Bengaluru in 2014 purchased area of 62 acres. Since purchase no developments did by this company, Now going to start of phase one project.
GODREJ PROPERTIES is moving in uptrend line and market has rebounded from the higher low area of the pattern
Godrej Properties’ Shares Surge 3.5% on Township Project Deal in Bengaluru
Godrej Properties Limited saw a 3.5% increase in stock value on March 4 after announcing definitive agreements for a 62-acre township project in North Bengaluru. The development, delayed since a 2014 land sale agreement, is set to launch its first phase in the upcoming financial year. The profit-sharing model is expected to yield about 5.6 million square feet of saleable area, with an estimated booking value of Rs 5,000 crore.
Additionally, the company recently secured a 6.45-acre group housing plot in Noida for Rs 506 crore through an e-auction by the Noida Authority.
Finolex industries purchased the Hinduja renewable enery producing Solar power rating of 8.36MW Green power for 25 years and 15 years lockin period.
FINOLEX INDUSTRIES is moving in Ascending channel and market has reached higher low area of the channel
Finolex Industries Shares Dip as Company Inks Solar Power Procurement Deal
Finolex Industries Limited saw a over 1% decline to Rs 222 in morning trade on March 4 after revealing a share purchase agreement with Hinduja Renewables One Pvt Ltd (HROPL) and Hinduja Renewables Energy Pvt Ltd for acquiring solar power. The move aims to boost renewable power usage, with Finolex acquiring 15.30% equity share capital of HROPL under the group captive generation mechanism.
The agreement allows for the procurement of 8.36 MW of green power for 25 years, with a 15-year lock-in period. The company reported a 20% YoY rise in net profit for the third quarter, reaching Rs 95.4 crore.
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