REGULATORY FILING News

According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19" 

"All applicants desirous of seeking registration as a custodian of securities are now required to submit their applications online only, through Sebi intermediary portal," the regulator said in a circular.

The board will also decide on a date for extraordinary general meeting for obtaining shareholders' approval for the fund raising plan, it added.

Companies generally go for a stock division to improve liquidity of its shares in the stock market and to make them affordable to the small investors.

GIC Housing Finance has reported a 24.4 percent increase in net profit at Rs 46.61 crore for the fourth quarter ended March 31.

LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31.

GlaxoSmithKline Pharmaceuticals on Saturday reported 32.91 percent decline in net profit at Rs 52.95 crore for the quarter ended December 31, on account of mandatory price cuts as well as demonetisation.

Infrastructure lender IDFC Ltd has issued commercial papers (CPs) worth Rs 700 crore earlier this week.

IT major Infosys on Friday posted a 13.4 percent rise in consolidated net profit at Rs 3,436 crore for the first quarter ended June 2016 and slashed full-year revenue guidance to 10.5-12 percent in constant currency terms.

Turning profitable, Reliance Defence and Engineering today posted a net profit of Rs 102.4 crore for the quarter ended on March 31, 2016, largely on account of increase in deferred tax credit.