Uber’s attempt to impose VAT on rival taxi operators failed. The Supreme Court dismissed Uber’s appeal. This decision means private hire operators outside London will not face a 20% VAT charge on profit margins. Delta Taxis hailed the ruling as…
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Indian electronic contract manufacturers are strategically expanding their global footprint through acquisitions and partnerships, capitalizing on supply chain disruptions and tariff shifts, particularly those impacting China. These companies are acquiring technologies and certifications to access markets in the US and…
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The equity raised will be used to fund the company’s expansion in Jammu and Saudi Arabia, strengthen balance sheet and also address working capital requirements.
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Indian companies are leveraging the stock market rally to raise funds through qualified institutional placements (QIPs). Led by State Bank of India’s record offering, around 40 firms plan to raise over $9.2 billion via QIPs in July. This fast-track method…
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Elcid Investments is set to increase its stake in quick commerce firm Zepto with a ₹7.5 crore investment, valuing Zepto at approximately $5.9 billion. This move is part of a larger secondary deal aimed at increasing Indian ownership before a…
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Lenskart, through its Singapore subsidiary, will acquire an 80% stake in Spanish eyewear brand Meller. This move aims to broaden Lenskart’s reach in Europe. Lenskart’s Meller acquisition will also target the Gen Z demographic. The deal, valued at approximately Rs…
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