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Why did PTC Financials India share price fall 20% today?

Why did PTC Financials India share price fall 20% today?

PTC India’s share price tanked by 9.79% today while PTC India Financial Services fell by more than 19% during the early trading hours due to the resignation of three independent directors.Kamlesh Vikamsey, Thomas Mathew, and Santosh Nayar stated that the management failed to act on the “various instances of serious lapses in corporate governance.” PTC India [...]
Bring EV financing under priority sector lending, allocate sufficient funds for R&D: SMEV

Bring EV financing under priority sector lending, allocate sufficient funds for R&D: SMEV

SMEV said that electric vehicles must be considered for priority lending by the government.There is a need to amend the PLI scheme for automobile and auto components, as in its current form there is an “unfair price disadvantage” for small and medium-size EV players in the industry, it said.The industry body also sought export concessions [...]
FinMin asks ministries to restrict expenses within prescribed limit

FinMin asks ministries to restrict expenses within prescribed limit

Ahead of the Union Budget 2022-23,  the finance ministry has asked ministries and departments to restrict their expenses with the revised estimates.The proposal for Supplementary Demands for Grants may be projected after a thorough and objective assessment of additional requirements of funds, it said.The two-phase Budget session begins on January 31 and continues till April [...]
Real estate developers expect up to 30% rise in real estate prices this yr: Survey

Real estate developers expect up to 30% rise in real estate prices this yr: Survey

A sharp increase in rates of building materials may increase property prices by 30% according to real estate developers.“Around 39 per cent of the developers are doing 25 per cent of sales online which we think will increase substantially this year,” CREDAI-National President Harsh Vardhan Patodia, said.Most of the developers are focusing on digital transformation [...]
Tata Motors forays into CNG segment; drives in CNG trims of Tiago, Tigor

Tata Motors forays into CNG segment; drives in CNG trims of Tiago, Tigor

Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims in order to strengthen its position in the CNG market.The company’s iCNG range offers robust performance, a wide range of premium features, upmarket interiors and uncompromised safety.“We would be keen to have at least 30-35 per cent penetration [...]
Q3 Results of Urja Global – The Company That Has Given 134% Returns in One Month

Q3 Results of Urja Global – The Company That Has Given 134% Returns in One Month

Urja Global’s board of directors approved the unaudited results for Quarter 3, October-December 2021 on January 15, 2022.  As per the result, its quarterly net profit was down by 80.12% at Rs.0.12 crores in December 2021 from Rs.0.60 crores in December 2020 while the net sales declined by 72.46%  from Rs.33.77 Crore in December 2020 [...]