Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per share. "...pursuant to the above referred agreement dated February 25, 2022 entered inter alia into between [...]
Chennai, Mar 25 (PTI) The commercial taxes and registration department in Tamil Nadu has achieved the all-time highest in terms of revenue generated during the 2021-22 financial year, the state government said on Friday. Minister for Commercial Taxes and Registration P Moorthy, in an official release, said the revised budget estimate for 2021-22 was fixed [...]
Indore, Mar 25 (PTI) Hospitality player Apeejay Surrendra Park Hotels (ASPHL) is planning to raise its number of hotels from 27 to 50 by 2024, a senior official said on Friday. "At present we are running 27 hotels and by 2024 we will raise the numbers to 50. We are also looking towards small towns [...]
New Delhi, Mar 25 (PTI) Finance Minister Nirmala Sitharaman on Friday said that unlike several developed nations, the Modi government did not raise taxes to fund the recovery of the COVID-hit economy and focussed on raising public expenditure on infrastructure as it has a multiplier effect. While replying to a discussion on the Finance Bill [...]
Mumbai, Mar 25 (PTI) The government's initiatives like 'Aatmanirbhar Bharat' and 'Make in India' will provide a strong boost to the industry and are expected to yield results in the next 5-7 years, a senior Mahindra Group official said on Friday. "The world has changed a lot, more so in the last couple of years and [...]
Kolkata, Mar 25 (PTI) German luxury car maker Audi plans to develop the market in India by bringing in more products and expanding the network across the country, an official of Audi India said on Friday. Head of Audi India Balbir Singh Dhillon said that the company, part of the Volkswagen Group, presently assembles four [...]
New Delhi, Mar 25 (PTI) Home grown FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from the British multinational consumer goods company Reckitt for a total consideration of Rs 432 crore, expanding its play into the prickly heat and cool talc category.The acquisition, post the consolidation of Dermicool with Emami's own [...]
New Delhi, Mar 25 (PTI) Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for [...]
New Delhi, Mar 25 (PTI) DIAL, the operator of the airport in the national capital, expects to connect to over 60 international destinations after regular overseas flights resume this month. After remaining suspended for over two years in the wake of the coronavirus pandemic, scheduled international commercial flights will resume on March 27. The Indira [...]
New Delhi, Mar 25 (PTI) Finance Minister Nirmala Sitharaman on Friday said the retrospective amendments relating to claiming deduction for cess and surcharge is aimed at preventing misuse of the provision, especially by those who have treated it as exemptions or business expenditures.The Finance Bill had proposed retrospective disallowance of deduction for surcharge or cess [...]
