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Business

GST Council Reduces Tax On Cancer Drugs, Snacks And Air Conditioning Units

10 Sep 2024 13:18 PM IST

Recently, the GST Council decided to reduce the Goods and Services Tax (GST) rate on cancer medications from 12% to 5%.

Asian Shares Rise Marginally With Focus On US Inflation

10 Sep 2024 08:45 AM IST

Japan's Nikkei also saw a modest increase of 0.4%, supported by gains in financial and consumer sectors.

GST Council Meeting: Impact of 28% Tax on Online Gaming

09 Sep 2024 13:18 PM IST

Online gaming companies have voiced their apprehensions regarding the 28% tax rate and the issuance of retrospective tax notices.

Google’s Ad Tech Monopoly Goes to Trial

09 Sep 2024 12:54 PM IST

Google's ad tech operations are a significant revenue driver, generating over $200 billion (£152 billion) last year through ad placements and sales

Gala Precision Engineering Makes a Strong Debut, Lists at 36% Premium

09 Sep 2024 11:07 AM IST

The company's IPO, totaling₹167.93 crore, comprised a fresh issue of 25.58 lakh equity shares worth₹135.34 crore and an offer-for-sale (OFS) of 6.16 lakh shares worth ₹32.59 crore.

Kross IPO Opens Today: Price Band, GMP, and Subscription Details

09 Sep 2024 10:52 AM IST

The Kross IPO is currently trading at a premium of ₹50 in the grey market, suggesting an estimated listing price of ₹290 per share.

Bajaj Housing Finance IPO Opens Today: Should You Subscribe?

09 Sep 2024 10:45 AM IST

With strong endorsements from various analysts and financial institutions, Bajaj Housing Finance’s IPO presents a compelling investment opportunity.

Adani Green Energy fully redeems USD 750 Mn Holdco Notes

09 Sep 2024 10:14 AM IST

•Adani Green Energy Ltd (AGEL) redeems its USD 750 million 4.375% Holdco Notes due 8 September 2024 (“Holdco Notes”) through a fully funded redemption reserve account maintained since January 2024. • The Holdco Notes were for funding AGEL’s accelerated growth in the past 3 years. Now that AGEL has delivered the accelerated growth plan, it is redeeming the notes through cash rather than refinancing. • Strong cashflows of operational assets and the construction facility framework agreement fully fund the overall capex program to achieve 50 GW capacity by FY30.

Shriram Finance To Raise $1 Billion From Overseas In Next 6 Months

08 Sep 2024 16:21 PM IST

To fund its business growth, the Non-Banking Financial Company (NBFC) raises resources from diversified sources like public deposits, bank finance and raising money from domestic markets.