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282 Crore Tax Twist For Prism Johnson, Company Gears Up For Legal Challenge

Prism Johnson Limited has disclosed that the Income Tax Department has raised a demand of Rs 28,23,82,920 for AY 2024-25. The company plans to appeal the order, asserting that the disallowances made were unjustified.

  • Updated: March 30, 2026 22:24
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MIC Electronics Board Greenlights Neo Semi Acquisition, Preferential Issue And Division Hive-Off

MIC Electronics Limited has approved a landmark acquisition of Singapore-based Neo Semi SG Pte. Ltd., a preferential share issue, and a strategic hive-off of divisions. The moves aim to strengthen its semiconductor and electronics ecosystem, diversify revenue streams, and align with Indiaโ€™s Semiconductor Mission.

  • Updated: March 30, 2026 22:15
Oil India Limited (OIL), a Maharatna PSU, and CSIRโ€“Institute of Minerals and Materials Technology (IMMT), designated as the Centre of Excellence for Critical Minerals under the National Critical Mineral Mission (NCMM), formalized the agreement on March 30, 2026. The signing ceremony was attended by senior leadership from both institutions, underscoring the strategic importance of this partnership. Research Collaboration For Critical Minerals The MoU sets the stage for joint R&D projects in exploration, extraction, and processing of critical minerals vital for Indiaโ€™s energy transition, advanced manufacturing, and technological innovation. National Mission Alignment This partnership directly supports NCMMโ€™s objectives of securing critical mineral supply chains, reducing import dependence, and fostering indigenous technological capabilities. Key Highlights * Oil India and CSIR-IMMT signed MoU on March 30, 2026 * Focus on joint R&D in critical minerals * CSIR-IMMT recognized as Centre of Excellence under NCMM * Collaboration supports Indiaโ€™s energy transition and resource security Sources: Oil India Limited press release
Fuel Meets Future: Oil India And CSIR-IMMT Forge Mineral Innovation Alliance

Oil India Limited has signed a landmark MoU with CSIR-IMMT to jointly pursue research and development in critical minerals, strengthening Indiaโ€™s National Critical Mineral Mission. This collaboration aims to boost innovation, resource security, and sustainable growth in the mineral sector.

  • Updated: March 30, 2026 22:13
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โ€œGratefulโ€ Sri Lanka Welcomes Indiaโ€™s 38,000 MT Fuel Support

Indiaโ€™s delivery of 38,000 metric tonnes of fuel to Sri Lanka has been welcomed as a crucial support measure amid ongoing economic recovery efforts. President Ranil Wickremesinghe expressed gratitude, highlighting Indiaโ€™s continued role as a reliable regional partner during times of crisis and transition.

  • Updated: March 30, 2026 21:30
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R R KABEL Faces Income-Tax Demand For FY 2022-23

Updated: March 30, 2026 21:20

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