BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for approximately $6 billion. This move is a significant step in BP’s $20 billion divestment plan. The sale aims to reduce debt…
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The revised target marks a sharp step-up from the company’s earlier plan of 30.67 GW by FY30.
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The Delhi High Court has expressed strong displeasure with authorities for failing to grant tax exemptions on air purifiers. The court highlighted the current emergency situation with ‘very poor’ air quality. It urged authorities to consider temporary tax relief for…
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India’s aviation sector is bracing for new competition. Two airlines, Al Hind Air and FlyExpress, have received government approval. Shankh Air, already cleared, plans to launch operations next year. This move aims to break the market’s duopoly, currently dominated by…
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Even as global foreign direct investment (FDI) has been losing momentum over the years, India’s gross FDI inflows have remained resilient, supported by steady investment interest, according to a report by CareEdge Ratings.
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Dealers paid compensation cess on inward supplies expecting set-off, but with GST 2.0 ending cess liability and no transition mechanism, the credit is now unusable.
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