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Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore

Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period.

IndiGo says no smoke was detected on Raipur-Indore flight on Tuesday

IndiGo on Thursday said there was no smoke in the cabin of a flight from Raipur to Indore on Tuesday but "mist was created" by the heating, ventilation and air conditioning system due to humidity. The statement comes a day after officials of aviation regulator DGCA said the cabin crew of the IndiGo Raipur-Indore flight observed smoke in the plane after it landed at its destination on Tuesday.

Dolo-650 manufacturer faces raids by I-T dept in tax evasion case

The Income Tax department raided the office of the manufacturer of popular drug Dolo-650, Micro Labs Limited, located in Bengaluru, on Wednesday. Dolo-650 tablet became a popular drug after its widespread use by Covid-19 patients over the last two years. The pharmaceutical company faces allegations of tax evasion. Officials at the Income Tax department have said that it is now looking at pharma company's financial documents, balance sheets and business distributor networks as part of their searches.

Nykaa's parent FSN E-commerce soars 5% after men's innerwear brand launch

Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men's innerwear and athleisure category with a new brand. The TPG-backed company said on Wednesday that Nykaa Fashion would launch Gloot - its first innerwear and athleisure brand for men. 

JSW Steel consolidated output rises 16% to 5.88 million tonnes in Apr-Jun

JSW Steel on Thursday posted a 16 per jump in its consolidated crude steel output at 5.88 million tonne (MT) during April-June 2022. In the same period last year, its production was at 5.07 MT, the company said in a statement.

ED raids at Vivo, other firms will 'chill investment confidence':

China As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies in a money laundering case, Wang Xiaojian, counsellor and spokesperson from the Chinese Embassy in India, said the frequent investigations by Indian authorities into Chinese enterprises "chill the confidence and willingness of market entities from other countries, including those from China to invest in India". Xiaojian said that the essence of China-India economic and trade cooperation is based on mutual benefit and win-win results.

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