SoftBank Group has divested a 2.15% stake in Ola Electric over nearly two months, reducing its holding to 15.68%. Despite this sale, Ola Electric shares experienced a recent surge, fueled by government incentives and PLI scheme approval. However, a GST…
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The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.
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The GST Council’s decision to lower tax rates on essential goods and personal care items is set to boost domestic consumption and rural demand, benefiting the FMCG sector. Companies plan to pass on the benefits to consumers through increased grammage…
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Marengo Asia Hospitals welcomes Shridhar Toshniwal as its new CFO, a strategic move to bolster its ambitious expansion plans across India. With a proven track record at CK Birla Healthcare, Toshniwal will collaborate with the leadership team and investors to…
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Backed by the government’s Design Linked Incentive (DLI) Scheme, domestic chip design and IPR are accelerating across critical sectors, from surveillance and energy metering to networking and motor control, the Ministry of Electronics and IT said on Thursday.
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Insurance companies are expected to face a setback in the short run following the GST Council’s recent exemption on GST, as it could lead to the loss of input tax credit eligibility, said industry experts and executives, adding that the…
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