Sebi asks merchant bankers for ‘realistic’ IPO valuations
Varshney observed that some companies make high valuations and then their prices go down after listing.
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Beverage companies seek ‘sugar-based’ tax in line with global models
The Indian Beverage Association urges the finance ministry for a sugar-based taxation system, aligning with global standards, ahead of a crucial GST Council meeting. They argue the current 40% tax on all aerated drinks, including healthier low/no-sugar and fruit-based options,…
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Cable TV body urges FM to slash GST to 5% amid stress
The All India Digital Cable Federation (AIDCF) has urged the government to lower the GST on cable TV services from 18% to 5%, citing financial strain on operators and rising consumer costs. AIDCF argues that this reduction would align with…
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Tariff not a cause for panic, impact unlikely to be as severe as feared: Govt sources
Despite the United States imposing an additional 25% tariff on key Indian goods, bringing the total levy to 50%, government sources suggest there’s no need for panic. They believe the impact will be less severe than feared due to the…
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India Inc says economy strong amid challenges
Industry chambers highlight India’s economic resilience amid global challenges. They advocate for trade diversification and MSME promotion. Focus is on building global alliances and strengthening Brand India. Exporters are urged to enhance domestic competitiveness. Companies are upgrading value chains through…
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GST rate cut may lower vehicle prices by 7%, revive demand
Segment-wise, small cars, three-wheelers, and commercial vehicles are expected to gain the most, while large SUVs and luxury cars are likely to stay in higher tax.
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