KRBL plans a ₹1,000 crore real estate venture, leveraging significant business surpluses. The company aims to return its export revenue mix to fifty-fifty. New product categories like edible oils and masalas are also being developed. KRBL is also focusing on…
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Mumbai ITAT ruled demerger share issuance by holding company invalidates loss carry-forward. A subsidiary receiving business must issue shares for tax neutrality. This decision affects corporate restructuring and group reorganizations. Companies must now re-evaluate demerger structures and their tax implications.…
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India has the resilience to deal with the economic impact of rising crude oil prices and ongoing geopolitical tensions in the Middle East, and there is no need for panic despite the prevailing global uncertainty, Vijay Kalantri, World Trade Center…
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Wholesale price inflation also remained elevated despite easing slightly from the previous month. Core inflation, excluding volatile food and fuel, was expected to be around 3.95 percent. This rise could impact the central bank’s future monetary policy decisions.
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India’s FY27 growth is projected at 6.4 percent by the IMF. Strong private consumption and services activity support this economic expansion. Global growth forecasts for 2026 and 2027 have seen adjustments. The IMF raised India’s FY28 growth projection to 6.7…
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Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading,…
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