Sanathan Textiles Limited, a renowned manufacturer of polyester and cotton yarns, made headlines with its Initial Public Offering (IPO) launched on December 19. Despite the anticipation surrounding this ₹550 crore book-building issue, the IPO saw a lukewarm response on its first day, with a subscription rate of just 45%. Below, we dive into the key … Read more
New Zealand’s economy has officially entered a recession, with GDP contracting by 1.0% in the third quarter of 2024. This marks the second consecutive quarterly decline, following a revised 1.1% contraction in Q2, and highlights the nation’s most significant economic downturn since 1991 (excluding the pandemic years). The recession has sparked widespread concerns about its … Read more
In recent developments within India’s fintech sector, the GST Fitment Committee has made crucial clarifications about the tax exemptions for payment gateways (PGs) and payment aggregators (PAs). The clarification specifically addresses how these services will be taxed under India’s Goods and Services Tax (GST) framework, with significant implications for both fintech operators and merchants. This … Read more
In a significant move to curb tax evasion and increase transparency, the Income Tax Department of India has issued a clear directive regarding the reporting of foreign income and assets in Income Tax Returns (ITR). As per the latest guidelines, individuals and entities who are residents of India must disclose their foreign income and assets … Read more
Bhavish Aggarwal’s Strong Stance on Workplace Discipline In a bold move, Ola CEO Bhavish Aggarwal recently addressed the company’s employees in a stern email regarding poor office attendance. The communication, which quickly gained traction on social media, highlighted Aggarwal’s frustration with employees who fail to meet workplace expectations. He emphasized the importance of discipline, fairness, … Read more
Borosil Renewables Ltd., a leading player in the solar glass industry, has been making headlines due to several strategic decisions aimed at strengthening its market position. This article dives into the latest developments, their implications, and the potential opportunities and challenges for the company. Why Borosil Renewables Is in Focus Today The stock of Borosil … Read more