The Indian markets have experienced a sharp downturn following Finance Minister Nirmala Sitharaman’s announcement of significant tax changes. The long-term capital gains (LTCG) tax has been increased to 12.5%, and to broaden the tax base, the Securities Transaction Tax (STT) on Futures and Options (F&O) has also been raised. Additionally, the short-term capital gains (STCG) …
Lemon Tree Hotels identified a significant opportunity in the early 2000s, when 80% of the hotel supply in India was concentrated in the upscale/luxury segment, catering solely to the affluent clientele. Recognizing the substantial untapped demand in the midscale and economy segments, Lemon Tree Hotels positioned itself as a trailblazer in the branded mid-market hotel …
On March 14, 2022, in Mumbai, Reliance New Energy Limited (“Reliance”), a wholly-owned subsidiary of Reliance Industries , signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of …
Suzlon Energy is No. 1 in India’s renewable sector, offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. With a track record of over 20 years, Suzlon has successfully provided turnkey solutions, lifelong support, and exceptional products to customers globally, leading to the creation of substantial …
About Partnership Paytm, India’s leading payments and financial services company has entered into a strategic partnership with Axis Bank to offer advanced POS solutions and EDC devices to a wider merchant base. This collaboration aims to transform the merchant acquiring landscape by providing innovative tools to optimize business operations and enhance customer experience. Paytm’s EDC …
KLM Axiva Finvest, a non-banking finance company (NBFC), is set to issue secured redeemable non-convertible debentures (NCDs). The total issue size is Rs 75 crore, with a green-shoe option to retain oversubscription up to an additional Rs 75 crore, bringing the total potential issue size to Rs 150 crore. NCD Details The KLM Axiva Finvest …
In the world of business, consistent growth is a key indicator of a company’s resilience and potential. Today, we spotlight five companies that have demonstrated impressive growth over the past three quarters. These companies, spanning various industries, have shown their ability to adapt, innovate, and lead in their respective fields. Five companies with profit growth …
Expanding into the North American Market Rushil Decor Ltd., a leading manufacturer of eco-friendly MDF, laminates, PVC, and WPC, is expanding its presence into the North American market. This strategic move marks a significant milestone in the company’s global growth strategy, aiming to capitalize on one of the world’s largest markets for laminates and MDF. …
Oil India Limited is a central public sector enterprise involved in the exploration, development, and production of crude oil and natural gas. Additionally, the company is engaged in the transportation of crude oil and the production of liquefied petroleum gas. Oil India Ltd. Signs Contract with Dolphin Drilling for Offshore Exploration Oil India has entered …
Gensol Engineering Ltd., a prominent player in the renewable energy sector, has recently made significant strides in advancing solar and battery storage projects in Gujarat. This marks a substantial development in the company’s ongoing efforts to enhance sustainable energy solutions across the region. Gensol Engineering Wins Rs 600 Crore Solar Projects in Gujarat Gensol Engineering …
