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Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

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Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

Infosys shares fell on August 1, 2024, after the company received a notice from the Directorate General of GST Intelligence (DGGI) alleging GST evasion of over Rs 32,000 crore. The notice pertains to expenses incurred by Infosys’ overseas branches and claims that the company is liable to pay Integrated Goods and Services Tax (IGST) under Read more: Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore..

Adani Energy Solutions raised $1 billion through QIP

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Adani Energy Solutions raised $1 billion through QIP

Adani Energy Solutions Ltd. (NSE: ADANIENSOL), the power transmission unit of the Adani Group, has successfully raised $1 billion through a qualified institutional placement (QIP). This marks the conglomerate’s first public equity raise since the Hindenburg report earlier this year, which led to a significant drop in the group’s market value.  Abu Dhabi Investment Authority Read more: Adani Energy Solutions raised $1 billion through QIP..

BYD First Electric Supercar the Yangwang U9, production begun

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BYD First electric supercar the Yangwang U9, production begun

China’s BYD, known for its affordable electric vehicles, has made a leap into the luxury market with its first electric supercar, the Yangwang U9. Production has begun, and deliveries are expected to start in late August 2024.   The Yangwang U9 is an all-electric supercar manufactured by BYD Auto under its luxury car brand Yangwang. Read more: BYD First Electric Supercar the Yangwang U9, production begun..