Adani Airports Holdings has successfully refinanced $750 million in debt for Mumbai International Airport with backing from major international funds like Apollo and BlackRock. The new notes, maturing in 2029 and priced at 6.9%, mark India’s first investment-grade rated private…
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The CBIC has extended the validity of No Objection Certificates for imported alcoholic beverages bottled at origin or in bulk with over 10% alcohol content. This follows FSSAI’s clarification allowing 365-day validity for consignments without expiry dates. Consignments exceeding this…
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The Competition Commission of India (CCI) has approved Bain Capital’s acquisition of a stake in Manappuram Finance and Manappuram Asset Finance. Bain Capital, through its affiliates, will acquire shares via private placement, warrants, and an open offer, potentially holding 26%…
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India’s gold import dynamics saw a shift in FY2025 following a sharp reduction in import duty from 15% to 6%, effective July 24, 2024. According to a report released by ICRA, official gold bullion imports rose by 8% during the…
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The CBIC has established clear procedures for review, revision, and appeal of orders issued by Common Adjudicating Authorities, addressing jurisdictional ambiguities arising from multi-state DGGI notices. The Principal Commissioner or Commissioner of Central Tax will act as the reviewing authority…
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In Indore, the CGST department has cancelled 100 fraudulent GST registrations in the last six months, primarily in scrap, agriculture, and trading sectors. Most of these registrations were found to be non-existent upon physical verification or obtained using falsified documents.…
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