B.L. Kashyap secures Rs 910 crore civil construction order from BPTP
B.L. Kashyap and Sons Limited announced on July 21 that it has received a significant order worth approximately ₹910 crore (excluding GST) from BPTP Limited. The contract involves the construction and supervision of civil structures for residential towers, associated non-tower areas, and a community building.
According to the company's disclosure to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the order is domestic in nature and is expected to be executed within 36 months. The Letter of Intent (LOI) for the project was received on July 21, 2025, at 11:00 AM.
The company clarified that neither the promoter group nor any related parties have any interest in the awarding entity, and the contract does not fall under related-party transactions.
This project marks another addition to B.L. Kashyap's portfolio of large-scale civil construction projects in India.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
5 hours ago
- Business Upturn
Indian Infotech & Software board approves Rs 46.45 crore rights issue; record date set for July 28
Mumbai-based Indian Infotech and Software Limited has announced the details of its upcoming rights issue, following the board meeting held on July 22, 2025. The company aims to raise up to ₹46.45 crore through the issue of fully paid-up equity shares. The proposed rights issue involves the issuance of 42.23 crore equity shares at an issue price of ₹1.10 per share (including a premium of ₹0.10), with a face value of ₹1 each. The issue is in line with earlier approvals and has now received in-principle approval from BSE. Advertisement Key highlights of the rights issue: Particulars Details Type of securities Fully paid-up equity shares Mode of issuance Rights issue Total shares to be issued 42,23,47,590 equity shares Issue price ₹1.10 per share (₹1 face value + ₹0.10 premium) Issue size ₹46,45,82,349 Record date July 28, 2025 Rights entitlement ratio 1 equity share for every 3 equity shares held Issue opens on August 6, 2025 Market renunciation ends August 8, 2025 Issue closes on August 13, 2025 (subject to extension, max 30 days) Outstanding shares before issue 126.70 crore equity shares Outstanding shares after full subscription 168.93 crore equity shares The board also approved the Letter of Offer, Abridged Letter of Offer, Entitlement Letter, and the Application Form for the rights issue. The rights entitlement will be credited in demat accounts of eligible shareholders prior to the issue opening date. The board has delegated necessary authorities to the Managing Director, CFO, and Company Secretary for handling documentation and filings related to the issue, including coordination with stock exchanges, depositories, and registrars. BSE, in its in-principle approval, emphasized compliance with all applicable SEBI regulations, proper disclosures in offer documents, and operational requirements such as dispatch of letters and basis of allotment. The board meeting for these decisions commenced at 6:30 PM and concluded at 7:30 PM on July 22, 2025.
CNET
5 hours ago
- CNET
Tax-Free Weekends Are Happening in 17 States This Summer. Here's Where and When
State sales tax holidays usually run for one weekend, though some states offer longer exemptions. Tharon Green/CNET If you haven't already started on your back-to-school shopping, timing your purchases with a sales tax holiday can help you snag some extra savings. These tax-free shopping events typically center on back-to-school items, offering discounts on clothing, school supplies, laptops and athletic gear. This year, 17 states are participating in a tax-free event, with two happening this weekend, and many more kicking off on at the beginning of August. Here's when they're happening and which items will be tax-free. 2025 back-to-school state sales tax holidays State State sales tax Tax-free dates Alabama 4% July 18-20 Arkansas 6.50% Aug. 2-3 Connecticut 6.35% TBD Florida 6% Aug. 1-31 Iowa 6% Aug. 1-2 Maryland 6% Aug. 9-15 Massachusetts 6.25% Aug. 9-10 Mississippi 7% July 11-13 Missouri 4.23% Aug. 1-3 New Mexico 5.13%* July 25-27 Ohio 5.75% Aug. 1-14 Oklahoma 4.50% Aug. 1-3 South Carolina 6% Aug. 1-3 Tennessee 7% July 25-27 Texas 6.25% Aug. 8-10 Virginia 4% Aug. 1-3 West Virginia 6% Aug. 1-4 State sales tax holidays in 2025 Alabama Dates: July 18-20, 2025 Tax-free items: Clothing: $100 or less per item. Computers: $750 or less per item. School supplies: $50 or less per item. Books: $30 or less per item. For the full list of items, visit the Alabama Department of Revenue. Arkansas Dates: Aug. 2-3, 2024 Tax-free items Clothing and shoes: $100 or less per item. Clothing accessories and equipment: $50 or less per item. School supplies, computers and electronics. View the full list of items on the Arkansas Department of Finance and Administration website. Connecticut Dates: TBD; rumored dates are Aug. 17-23, 2025, but are subject to change Tax-free items Clothing and shoes: $100 or less per item, excluding athletic gear and uniforms. View the full list of items on the Connecticut Department of Revenue website. Florida Dates: Aug. 1-31, 2025 Tax-free items Clothing, accessories and shoes: $100 or less per item. School supplies: $50 or less per item. Learning aids and jigsaw puzzles: $30 or less per item. Personal computers and computer accessories: $1,500 or less per item. View the full list of items on the Florida Department of Revenue website. Iowa Dates: Aug. 1-2, 2024 Tax-free items Clothing and shoes: $100 or less per item, excluding some accessories and sporting equipment. View the full list of items on the Iowa Department of Revenue website. Maryland Dates: Aug. 11-17, 2024 Tax-free items Clothing and shoes: $100 or less per item. Backpacks: Tax-free for the first $40. View the full list of items on the Comptroller of Maryland website. Massachusetts Dates: Aug. 9-10, 2025 Tax-free items All retail items purchased for personal use for $2,500 or less. Excluded items include meals, cars, boats, trucks, gasoline, cigarettes, marijuana and alcohol. View the full list of items on the Massachusetts Department of Revenue website. Mississippi Dates: July 11-13, 2025 Tax-free items Clothing and shoes: $100 or less per item. School supplies: $100 or less per item. Accessories like jewelry, wallets and watches aren't exempt. View the full list of items on the Mississippi Department of Revenue website. Missouri Dates: Aug. 1-3, 2025 Tax-free items Clothing: $100 or less per item. School supplies: $50 or less per item. Computer software: $350 or less per item. Personal computers and peripherals: $1,500 or less per item. Graphing calculators: $150 or less per item. View the full list of items on the Missouri Department of Revenue website. New Mexico Dates: July. 25-27, 2025 Tax-free items Clothing and shoes: $100 or less per item. Computers: $1,000 or less per item. Computer peripherals like monitors or keyboards: $500 or less per item. School supplies: $30 or less per item. View the full list of items on the New Mexico Taxation and Revenue website. Ohio Dates: Aug. 1-14, 2025 Tax-free items All retail items purchased for $500 or less. Excluded items include cars, boats, trucks, cigarettes, vapor products, marijuana, alcohol and select services. View the full list of exceptions on the Ohio Department of Taxation website. Oklahoma Dates: Aug. 1-3, 2025 Tax-free items Clothing and shoes: $100 or less per item, excluding athletic gear and uniforms. View the full list of items on the Oklahoma Tax Commission website. South Carolina Dates: Aug. 1-3, 2025 Tax-free items Clothing and shoes, including school or athletic uniforms. School supplies, art supplies and musical instruments. Certain bedding, pillows, blankets and bath supplies. Computers, headphones and flash drives. View the full list of items on the South Carolina Department of Revenue website. Tennessee Dates: July 25-27, 2025 Tax-free items Clothing and shoes: $100 or less per item, excluding handbags, jewelry and sports gear. School and art supplies: $100 or less per item. Laptops, tablets and computers: $1,500 or less per item. View the full list of items on the Tennessee Department of Revenue website. Texas Dates: Aug. 8-10, 2025 Tax-free items Clothing and shoes: $100 or less per item. School supplies: $100 or less per item. Backpacks: $100 or less. View the full list of items on the Texas Comptroller website. Virginia Dates: Aug. 1-3, 2025 Tax-free items Qualifying clothing: $100 or less per item. Certain school supplies: $20 or less per item. View the full list of items on the Virginia State Tax Department website. West Virginia Dates: Aug. 1-4, 2025 Tax-free items Clothing: $125 or less per item. Certain school supplies: $50 or less per item. School books and instructional materials: $20 or less per item. Laptop and tablets: $500 or less per item. Sports equipment: $150 or less per item. View the full list of items on the West Virginia State Tax Department website. States that don't charge any sales tax ever There are five US states that don't have a statewide sales tax. You can use the acronym NOMAD to remember them. New Hampshire Oregon Montana Alaska* Delaware *Alaska does levy local sales tax. What is a sales tax holiday? A sales tax holiday, also called a tax-free weekend or week, refers to a period of time when certain eligible items are exempt from sales tax. Some states hold tax-free holidays annually, and a few even host several tax-free events throughout the year. Most states that participate in tax holidays hold an event in the summer that aligns with back-to-school shopping. You'll commonly find sales taxes paused on purchases like laptops, clothing, school supplies and other accessories. Can you save money during a tax holiday? You can save money by avoiding sales tax during a tax holiday, particularly in states with higher state sales tax rates, like Tennessee (7%), Mississippi (7%) and Arkansas (6.5%), or in states with high limitations, like Massachusetts (purchases up to $2,500). If you spent $2,000 on a computer in Massachusetts during the sales tax exemption, you could save $125 in sales tax. Cities and counties may or may not exempt local sales taxes during these state tax holidays. In states with potentially high local taxes, like Alabama, you'll want to check with your city or county about local sales tax exemptions. Despite the potential savings during sales tax holidays, you'll want to make sure you stick to a budget to avoid overspending and do your research on back-to-school deals. During sales, some stores may offer lower prices on clothing, supplies and computers than you might receive by paying full price during a tax holiday. State sales tax holiday FAQs Do tax-free weekends include online sales? Yes, online purchases for state residents made during their sales tax holiday will be tax free, even through large online retailers like Amazon. Just make sure you follow your state's guidelines for qualifying items. The time zone of the seller will usually define whether the sale is within the sales tax exemption period. What happens if I buy a qualifying item that's over the dollar limit? Rules for sales tax holidays will vary by state, but in most states the exemption is all or nothing. If your item costs more than the limit for the sales tax exemption, you'll pay tax on the entire amount (not just the amount over the limit). One notable exception is In Maryland -- the first $40 spent on a backpack is tax free, regardless of its total price. If you were to spend $60 on a backpack, you'd be taxed only for $20. We recommend reviewing your state's full item list and rules to plan accordingly. Is New Jersey holding a sales tax holiday this year? New Jersey used to participate in tax-free weekends for back-to-school items. However, its sales tax holiday was repealed in 2024. It will not hold a tax holiday this year. Do all cities in a state holding a tax holiday participate? Most states require all cities and businesses therein to participate in tax-free holidays. Alabama, Florida and Missouri don't.
Business Upturn
8 hours ago
- Business Upturn
Hyundai Motor India receives GST order of Rs 517.34 crore for alleged short payment on SUVs
By Aditya Bhagchandani Published on July 22, 2025, 17:37 IST Hyundai Motor India Limited informed the exchanges that it has received an order from the Commissioner (Appeals), CGST Department, Tamil Nadu, confirming a GST Compensation Cess demand of ₹258.67 crore, along with an equal amount of penalty, bringing the total to approximately ₹517.34 crore. According to the company's regulatory filing under Regulation 30 of SEBI LODR, the order pertains to an alleged short payment of GST Compensation Cess on certain SUV models sold between September 2017 and March 2020. The order was received via email on 21 July 2025 at 6:40 PM, from the Office of the Commissioner of GST & Central Excise (Appeals – II), Tamil Nadu. Key details of the order: Particulars Details Authority Office of the Commissioner of GST & Central Excise (Appeals – II), Tamil Nadu Nature of Order Confirmation of GST Compensation Cess demand Amount of Demand ₹258.67 crore Penalty ₹258.67 crore Total ₹517.34 crore Period in question September 2017 – March 2020 Allegation Short payment of GST Compensation Cess on certain SUV models The company stated that there is no impact on its financial, operational, or other activities at present due to this order and confirmed that it is reviewing the order and will exercise its right to file an appeal. This move comes amid heightened scrutiny of the automotive sector over classification and cess rates applicable to vehicles sold during the initial GST regime years. Hyundai reiterated its commitment to comply with applicable laws and stated it remains confident about its position on the matter. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
