Ramco Systems' shares surged over 7% following a partnership with Hanjin Information Systems to provide Korean aviation companies with advanced aviation software. This collaboration marks the first deployment of Ramco's aviation software by Korean Air, enhancing engine maintenance and streamlining processes at Asia's largest engine MRO facility. The multi-million dollar deal, exceeding $10 million, is set to drive significant technological transformation for Korean Air.
The Supreme Court's recent ruling allows telecom service providers to claim Cenvat credits on excise duties for infrastructure like mobile towers, significantly enhancing the financial health of the telecom sector. This decision is expected to release over Rs 1,000 crore in working capital, facilitating accelerated digital infrastructure development across India. The ruling overturns a previous Bombay High Court decision, aligning with the Delhi High Court's stance and promoting fairness in taxation.
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