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Stocks to watch, December 13: Kalpataru Projects, HAL, Zomato, Tata Motors, Bajel Projects, Pennar Industries, Ashok Leyland, NESCO, and more
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5 min read | Updated on December 13, 2024, 08:22 IST
SUMMARY
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of ₹803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.
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At 7:57 AM, the GIFT NIFTY futures were trading at 24,547.50, up 4.50 points, or 0.02%.
At 7:57 AM, the GIFT NIFTY futures were trading at 24,547.50, up 4.50 points, or 0.02%. This implies that the NIFTY50 index will open 102 points lower.
Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week.
A Thursday Labor Department report showed US producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for US unemployment benefits unexpectedly climbed last week, raising concerns about labor-market resilience.
The Dow Jones Industrial Average fell 234.44 points, or 0.53%, to 43,914.12; the S&P 500 lost 32.94 points, or 0.54%, to 6,051.25; and the Nasdaq Composite lost 132.05 points, or 0.66%, to 19,902.84.
As per the ministry, the aircraft would have an indigenous content of 62.6% enhanced due to the indigenisation of many components to be manufactured by the Indian defence industry.
"These aircraft would be manufactured at the Nasik division of HAL. The supply of these aircraft would enhance the operational capability of the Indian Air Force and strengthen the defence preparedness of the country," as per the statement.
The company said it will file an appeal before the appropriate authority as it believes it has a strong case.
The price increase is to offset the rise in input costs, Tata Motors said in a statement.
While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses, it added.
It said that the total cost the company has to incur for the development of Wayside Amenities is estimated at nearly ₹50 crore for each of the four sites, and the estimated annualised revenue from these sites is around ₹300 crore from the year of operations.
The quoted transmission cost is ₹ 1,077.00 million per annum.
Necessary steps are being taken to resolve the issue, which seems to be not a major issue, and the facility is likely to resume production in the next few days, it added.
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