The Multiplex Association of India (MAI) is advocating for a GST rate revision, urging the government to lower the tax on cinema tickets priced up to ₹300 to 5%. MAI argues that this change would enhance affordability, encourage expansion in…
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Jerome Powell’s recent remarks at the Jackson Hole Symposium have fueled market expectations of a U.S. Federal Reserve rate cut in September. While Nomura anticipates three cuts, they foresee a more cautious approach than markets predict. India faces potential tariff…
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Vodafone Idea’s infrastructure unit plans to raise funds via debt. The company aims to secure up to 50 billion rupees in September. Bonds with two and three-year tenors are expected. Private credit funds will likely be tapped for the issue.…
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The food ministry has urged the finance ministry to lift GST refund restrictions on vegetable oils, a move impacting SMEs due to inverted duty structure. The GST Council is expected to consider this issue in its next meeting.
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Suzuki plans a significant investment of Rs 7000 crore in India. This investment will occur over the next five to six years. The company will begin lithium-ion battery cell production for hybrid cars. Maruti Suzuki intends to export its electric…
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Facing increased pressure from Washington, Indian refiners, major buyers of Russian crude, plan to slightly reduce their purchases. This decision comes ahead of a US tariff hike and reflects a balancing act between economic interests and geopolitical considerations.
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