Nifty Services Sector News and Updates

Keep track of all breaking news on Nifty Services Sector from all sources in a single place.

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IndusInd Bank Ltd.

31 Mar 2025

679.20

-0.07%

PSU banks invest heavily in IndusInd Bank CDs due to attractive rates

Business Standard

Market sources indicated that IndusInd Bank's fiasco may have prompted large state-owned banks to tap the CD market to raise funds for investing in IndusInd Bank's CDs

IndusInd Bank Ltd. has lost -50.04% in the last 6 Months

InterGlobe Aviation Ltd.

31 Mar 2025

5223.00

1.28%

Shirdi airport to see an increase in flights with new night landing upgradation

Business Line

First night operation at Shirdi airport occurred on Sunday with arrival of an IndiGo aircraft from Hyderabad

InterGlobe Aviation Ltd. has gained 22.54% in the last 3 Months

IndiGo faces 944 crore income tax penalty, calls order erroneous

Business Line | 30 Mar 2025

Wipro Ltd.

30 Mar 2025

237.45

-3.96%

Wipro's mega deal win ushers confidence, but it has a long way to go

livemint

Wipro Ltd has landed a 500 million strategic deal with Phoenix Group, enhancing its service portfolio in the life and pension sector. The deal signifies Wipro's growth trajectory, though ongoing macroeconomic challenges could impact its revenue outlook and operational efficiency.

Wipro Ltd. is trading below all available SMAs

InterGlobe Aviation Ltd.

30 Mar 2025

5223.00

1.28%

I-T dept imposes Rs 944 cr penalty on IndiGo, airline to contest order

Business Standard

The Income Tax Department has slapped a penalty of Rs 944.20 crore on IndiGo, which said it will contest the order that is "erroneous and frivolous". The order was received by InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Saturday. In a regulatory filing on Sunday, IndiGo said the Assessment Unit of the Income Tax Department (Income Tax Authority) has passed an order imposing Rs 944.20 crore penalty for assessment year 2021-22. "The order has been passed on the basis of an erroneous understanding that appeal filed by the company before the Commissioner of Income Tax (Appeals) (CIT(A)) against the assessment order under Section 143(3) has been dismissed, whereas the same is still alive and pending adjudication," it said. According to the filing, the company strongly believes that the order passed by Income Tax Authority is not in accordance with law and is erroneous and frivolous. The company will contest the same and shall take appropriate legal remed

Motilal Oswal increased Neutral price target of InterGlobe Aviation Ltd. to 4660.0 on 20 Mar, 2025.

IndusInd Bank Ltd.

30 Mar 2025

679.20

-0.07%

RCap lenders withdraw petition against IndusInd International Holdings at NCLAT

Business Line

IIHL had on March 19 took control of RCap after completing a three-year resolution process after paying off the debt-ridden firm's lenders

Ventura released a Not Rated report for IndusInd Bank Ltd. on 28 Mar, 2025.

RCap lenders withdraw petition against IndusInd International at NCLAT

Business Standard | 30 Mar 2025

GAIL (India) Ltd.

30 Mar 2025

169.51

-1.77%

Gail's 12 LNG cargoes per year deal with Qatar Energy starts next month

Business Standard

State gas utility GAIL (India) Ltd will start receiving LNG under a five-year 12 cargoes per year deal from Qatar Energy Trading from next month as it augments sourcing to meet rising demand of the world's fastest growing economy. "Purchases under the deal will start from April," GAIL chairman and managing director Sandeep Kumar Gupta said. GAIL had in December last year awarded a liquefied natural gas (LNG) purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading. Besides the Qatar Energy deal, GAIL has in recent months signed long-term LNG procurement deals with suppliers. It has inked a long-term deal with commodity trader Vitol Asia for around 1 million tonne a year for a period of about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL in India on a pan-India basis. GAIL has also signed a long-term deal to purchase around 0.5 million tonne a year of LNG fro