Refex Industries’ shares hit 20 pc lower circuit after IT search

IANS | December 12, 2025 3:33 PM

New Delhi, Dec 12 (IANS) Shares of Refex Industries fell sharply on Friday, hitting a 20 per cent lower circuit at Rs 254.35 after the company confirmed that the Income Tax Department had launched search operations at its registered office and other locations linked to the Refex Group.

PM Modi’s three-nation visit to help boost India's exports in West Asia, Africa: FIEO

IANS | December 12, 2025 3:08 PM

New Delhi, Dec 12 (IANS) Prime Minister Narendra Modi’s upcoming three-nation visit to Jordan, Ethiopia, and Oman from December 15-18 comes at a pivotal moment for India’s international trade expansion and presents far-reaching opportunities to enhance the country’s economic footprint across West Asia and Africa, the Federation of Indian Export Organisations (FIEO) said on Friday.

Indian auto sector clocks best Nov sales, passenger vehicles log 19 pc growth

IANS | December 12, 2025 3:04 PM

New Delhi, Dec 12 (IANS) The automobile industry in India registered its best November sales this year, as passenger vehicle (PV) sales increased nearly 19 per cent to 4,12,405 units from the same month last year, according to the Society of Indian Automobile Manufacturers (SIAM) data released on Friday.

IndiGo receives tax penalty of Rs 58.75 crore amid ongoing crisis

IANS | December 12, 2025 2:16 PM

New Delhi, Dec 12 (IANS) Low-cost airline IndiGo, under intense government scrutiny after days of disruption that disrupted domestic air travel, has received a tax penalty notice of Rs 58.75 crore for the 2020-21 financial year by the additional commissioner of CGST, Delhi South Commissionerate, the airline said on Friday.