Monday, September 28
Mahindra Holidays & Resorts India Ltd on Sunday said it has received a tax demand notice of over Rs 363 crore including penalty, related to reporting of integrated goods and services tax (IGST) on its club membership services. The company in a regulatory filing informed that it is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard. The show cause notice, dated June 28, 2025, was issued by the State Tax Officer, Anna Salai Central III, Chennai, Tamil Nadu. "The Company has received a demand Show Cause Notice from the Authority for FY 2018-19 demanding Rs 363,07,96,980 (tax of Rs 181,53,98,490 and penalty of Rs 181,53,98,490) under applicable provisions of TNGST Act, 2017 & CGST Act, 2017 on account of reporting of IGST on club membershi
Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign institutional investor (FII) buying during the latter half of the week. After a tentative start, sentiment improved midweek, leading to broader market participation.The easing of tensions between Iran and Israel helped revive global risk appetite, further supporting the rally. Consequently, benchmark indices ended the week on a firm note, with the Nifty closing at 25,637.80 and the Sensex at 84,058.90—both near their respective weekly highs.With this, Analyst Rahul Ghose, Founder and CEO, Octanom Tech and Hedged.in, interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week
