Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP TOPCO IX PTE, according to a BSE filing. Post the block deal, Blackstone’s stake will drop to 40.4%, and will remain…
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Walmart’s Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart’s executive, Dan Bartlett.
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RBI kept benchmark interest rate unchanged at 6.5%, instilling confidence in the market. Expectations of repo rate cut in FY25. Monetary Policy Committee meet post elections focused on inflation and economic growth. The central bank also retained its projection for…
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The new Indian government will focus on infrastructure, with higher outlays towards railways, roads, and water, according to Icra. Narendra Modi will assume the role for the third time, but with a smaller-than-expected election victory, the BJP will share power…
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As a new coalition government gears up, startups call for clearer regulations, simpler relocation processes to India, and a more straightforward legal framework. Tax department’s approach, including issues like angel tax and GST notices, concerns the industry. Simplified registration, advocated…
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The Centre is set to introduce the Central Excise Bill, 2024 to replace the outdated Central Excise Act, 1944 and align excise law with GST and customs. The bill aims to reduce compliance burden, enhance transparency, and address excise duty…
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