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The Economic Times GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms

Ahead of the 55th GST Council meeting on December 21, Punjab's Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.

The Economic Times Antler India plans to invest Rs 211 crore in 50 startups in 2025: Company

This year, the venture capital firm invested in 30 startups through its maiden $75 million fund. The company's next Residency cohort in India is scheduled to commence in February 2025.

The Economic Times How India says Volkswagen evaded USD 1.4 bn in import taxes

Here is how India taxes automakers on imports and what Volkswagen allegedly did, according to the government notice Reuters reported on November 29.

The Economic Times DLF names Badal Bagri as CFO

DLF’s newly appointed CFO, Badal Bagri, is a seasoned professional with over 25 years of experience in corporate finance and risk management. He has previously worked at companies like Bharti Airtel and Micromax.

The Economic Times L&T Joins n0c tech to Provide Low Cost and Compact Carbon Capture and Storage Tech

New Delhi [India],Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, announces a strategic partnership with climate tech startup n0c tech to deploy innovative, low cost & compact carbon capture & storage tech across industrial sectors.

The Economic Times Indian hospitality sector shows optimism amid growth and digital transformation

A new report from Booking.com and Statista reveals Indian hoteliers' optimism for the future, underpinned by strong business performance, growing investments, and increasing adoption of digital technologies. Despite challenges, the sector remains poised for growth, with a focus on enhancing service offerings and leveraging online platforms.

The Economic Times India’s Services PMI recorded at 58.4 in Nov, job creation hits record high

India's Services PMI eased marginally to 58.4 in November from 58.5 in October, according to S&P Global. The sector saw record job creation since 2005, driven by strong sales and growing export orders from Asia, Europe, and the US. However, input costs surged 15-month high, with output prices rising at a near 12-year peak.

The Economic Times AstraZeneca Pharma wins key ITAT order on corporate tax and transfer pricing

AstraZeneca Pharma India has received an order from the Income Tax Appellate Tribunal related to assessment years 2017-18 and 2018-19. Complete relief has been provided on the corporate tax grounds. The Tribunal has referred the transfer pricing issue back to the Assessing Officer for review and further action. The Company will follow the directions given by the Tribunal.

The Economic Times TKIL in talks with oil marketing firms to manufacture green hydrogen, put up retail infra

Mumbai's TKIL Industries has acquired a stake in Swiss company Sohhytec SA, enabling it to access technology to produce green hydrogen directly from solar energy. TKIL plans to leverage this technology to create pressurized hydrogen, set up infrastructure for storage and vehicle filling, and engage with industries like steel plants.

The Economic Times RBI MPC meeting begins today: All eyes on central bank's action on rising inflation

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting began in Mumbai today and will run until December 6, with decisions announced on December 6. The meeting comes amid economic challenges, including lower-than-expected GDP growth, high inflation, and declining production levels.

The Economic Times India's retail inflation likely to stay above 5 per cent in 2024: SBI Report

India's consumer price inflation is forecasted to stay above 5 per cent in 2024. This persists despite lower vegetable and protein prices in November. Rural food consumption and imported inflation are significant factors. Government support through Direct Benefit Transfers has increased rural purchasing power. Meanwhile, urban demand has weakened due to depleted pandemic savings.

The Economic Times India's services sector saw strong growth in November, PMI shows

India's services sector maintained robust growth in November. There was a significant rise in prices, the highest in over a decade. Despite this, strong demand led to increased business sentiment and record hiring. New orders from both domestic and international markets supported the growth. Companies passed cost increases to clients, causing a notable rise in prices.

The Economic Times Family businesses indispensable for India to become USD 5 trillion economy: Jitendra Singh

Union Minister Jitendra Singh highlights family businesses' pivotal role in achieving India's vision of a USD 5 trillion economy by 2047. Contributing over 70 percent to the GDP, their share is expected to rise to 80-85 percent. Government initiatives and resilience during crises underscore their importance.

The Economic Times Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: sources

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech company has around $160 million of cash in the bank but revenues have been flat after the highs of Covid-19 even as its pivoted to an offline model.

The Economic Times Listed parents to flex arms on IPO Street in 2025

Subsidiary public issues enable independent capital raising, benchmark readiness and cash generation for parents via offers for sale, aiding deleveraging, capital expenditure or dividend payouts. Investors gain access to focused, growth-driven, pure-play businesses, according to bankers.

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