A shift appears underway in India’s tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively. Illustration: Dominic Xavier/Rediff They are challenging the long-standing dominance
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China’s Shandong-based Haier group, for an undisclosed amount. Photograph: Aly Song/Reuters The
‘Unlike the US, which is largely homogeneous, India has many languages, many demographics, very different discretionary spending, and very different digital maturity.’ Image used for representation purpose only. Photograph: Francis Mascarenhas/Reuters Prosus, the Amsterdam-based technology investor with net assets valued
Lenskart Solutions Ltd said its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, has approved an investment of KRW 3 billion (around ₹186 million) to acquire a 29.24% stake in iiNeer Corp. Ltd, a South Korea–based optical machinery startup. The
Recently listed stock Vikran Engineering is expected to attract investors’ attention during Friday’s session, December 26, after the company secured a significant order win. The company, in a press release issued today, said it has received a Notification of Award
The Centre has proposed allowing captive mine owners to sell minerals in the open market after meeting the requirement of their linked end-use plants, as part of a broader overhaul of mineral concession rules aimed at easing operational restrictions and
The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries. Photograph: Amit Dave/Reuters
Benchmark equity indices Sensex and Nifty ended lower in a volatile trade on Wednesday as trading volumes remained subdued amid the year-end holiday-shortened week and mixed trends in global markets. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex dropped by 116.14
The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis Mascarenhas/Reuters The second phase of the ‘Continuous Clearing and Settlement on
Motion JVCo Limited, along with Stonepeak and Canada Pension Plan Investment Board (CPPIB), has made an open offer to acquire up to 26% equity stake in Castrol India Ltd, according to a public announcement filed with the stock exchanges. The
