Monday, September 28
Shares of Zen Technologies gained 3.5% on Monday to the day's high of Rs 1,992 after the company announced the grant of its 54th Indian patent.The newly awarded patent, titled “Single ILU Long Pass Filter,” represents a notable advancement in laser-based military training systems and reinforces Zen’s growing footprint in defence technology. With this addition, the company’s total global patent count has reached 82, highlighting its strong focus on indigenous R&D and innovation in defence simulation.The patented technology enables the integration of visible and infrared laser beams into a single, stable output, enhancing the accuracy and realism of combat training simulators. Compared to traditional systems that rely on separate beams and are often prone to alignment issues and
Driven by investors’ interest, the shares of Vodafone Idea have surged by 14% in 7 trading sessions, to a high of Rs 7.49 hit on the BSE in today’s trade. This comes even as the company witnessed a loss of market share as well as active subscribers in the month of May.On the performance front, a report by domestic brokerage firm ICICI Securities stated that Vodafone Idea’s active subscribers dipped by 1.3 million to 173 million for May 2025, while it rose by up to 7.4 million for the competitors.Further, the company’s active subscriber market share also witnessed a fall of 23 bps to 16%, as against Reliance Jio at 42.8% and Bharti Airtel at 35.8%. Vodafone’s net subscribers also decreased by 0.3 million.In the Mobile Broadband (MBB) segment, Vodafone Idea’s share declined by 20
Mumbai: The old trick of flipping farm land to white-wash cash is in the crosshairs of the taxman.Buying agricultural land way below the market value in a predominantly cash deal, and subsequently selling the land at the actual value in an official transaction has been used for decades by babus, businessmen, politicians, and cine stars to legitimise undisclosed funds.Now, a recent tax tribunal ruling threatens to throw a spanner in this well-oiled machine. While the views of the Income Tax Appellate Tribunal (ITAT) pertain to an otherwise innocuous case of alleged tax evasion and are not linked to any dodgy deals, its observations strike at the heart of this laundering machine that thrives on buy-sell of farm lands. ITAT is a quasi-judicial authority and hears disputes before matters are c
