NEW DELHI: Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.This exceptional year not only reflected the confidence of issuers but also…
NEW DELHI: The Andhra Pradesh government and EdTech company PhysicsWallah have signed an agreement to set up a University of Innovation (UoI) at an investment of up to Rs 1,000 crore. The UoI is set to emerge as the first institute of eminence in the state and aligns with Chief Minister N Chandrababu Naidu’s aim…
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting Highlights: The 55th GST council meeting, chaired by Finance Minister Nirmala Sitharaman, announced several significant tax reforms on Saturday. The council approved GST exemption for payment aggregators handling transactions below Rs…
MUMBAI: Former finance minister Arun Jaitley had encouraged Raghuram Rajan to take decisive action on cleaning up bad loans of Indian banks, the former RBI governor said in a recent interview to a news portal and asserted that the build-up of non-performing assets (NPAs) in the banking sector, worsened by corruption, delayed clearances, and the…
JAISALMER: The GST Council on Saturday decided to waive tax on gene therapy used to treat cancer and reduced the levy on fortified rice kernels used in PDS to 5%, but deferred a call on lower rates for health and term assurance and food delivery services as more consultations were required.The all-powerful panel led by…
For nearly 250 years, the Encyclopaedia Britannica was a bookshelf-busting series of gilt-lettered tomes, often purchased to show that its owners cared about knowledge. It was the sort of physical media expected to die in the internet era, and indeed, the encyclopedia’s publisher announced that it was ending the print edition in 2012. Skeptics wondered…
WASHINGTON: Google said Friday what it thought should change to address a ruling that it had illegally maintained a monopoly over online search: not much.It follows the landmark ruling in Aug by judge Amit P Mehta of the US district court for the district of Columbia, who said Google had illegally maintained a monopoly in…
Starbucks workers have extended their ongoing strike to four more cities, including New York, according to the union that represents more than 10,000 coffee shop workers, on Saturday.The strike stemmed from failed negotiations between Starbucks and union representatives, with disputes over wages, staffing levels, and work schedules remaining unresolved.According to news agency Reuters, the five-day…
NEW DELHI: Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise. This exceptional year not only reflected the confidence of issuers but…
