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…
Read More
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…
Read More
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.
Read More
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.
Read More
Pune-based Kalpa Power has appointed Pankaj Aggarwal as its new CFO to support its ambitious goal of reaching 5 GW capacity by 2030. With over two decades of finance and strategy experience, Aggarwal will oversee finance and compliance, bolstering governance…
Read More
Chinese government has reportedly approved Haier’s sale of a 49% stake in its Indian arm, Haier Appliances India, to the Bharti Enterprises-Warburg Pincus combine. This strategic move aims to overcome regulatory hurdles and facilitate capital infusion for expansion. The deal,…
Read More