New Delhi – IPO-bound e-commerce startup Meesho is set to pay $288 million, or Rs 2,461 crore, in taxes to move its headquarters out from Delaware in the US to India, sources told Moneycontrol. Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo. Moneycontrol was first…
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MUMBAI – Mumbai-based Waterways Leisure Tourism that operates business under Cordelia Cruises brand plans to tap capital markets as it has filed preliminary papers with the SEBI to raise up to Rs 727 crore via initial public offering (IPO). The IPO will consist of solely fresh issue with no offer-for-sale component. Hence, the entire issue…
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New Delhi –Broader indices ended mixed in a volatile week, with the BSE Large- and Mid-Cap indices each slipping 1 percent. However, the Small-Cap index closed flat. The BSE Sensex declined 1,070.39 points, or 1.3 percent, to settle at 81,118.60, while the Nifty50 shed 284.45 points, or 1.13 percent, ending the week at 24,718.60. Foreign…
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Mumbai, June 14 – Crompton Greaves Consumer Electricals Ltd has bagged its largest-ever order in the solar water pump sector, receiving a Letter of Award (LoA) worth over ₹101 crore (excluding GST) from the Maharashtra Energy Development Agency (MEDA). The order falls under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan…
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Mumbai, June 13 – The Indian rupee witnessed a sharp decline on Friday, depreciating by 48 paise to close at 86.08 against the US dollar, amid heightened geopolitical tensions and adverse market conditions. The slide was primarily attributed to a spike in global crude oil prices and a stronger US dollar, triggered by fresh Israeli strikes…
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Hyderabad, June 12 – Flipkart, India’s leading homegrown e-commerce marketplace, in collaboration with the Government of Telangana, organized a workshop in Hyderabad on Thursday to equip MeeSeva representatives with essential e-commerce skills. The initiative aims to facilitate market access for local businesses by integrating e-commerce services into the MeeSeva framework. The workshop was held in…
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Hyderabad, June 11 – Zoom Communications has announced the successful rollout of its Zoom Phone service across six major telecom circles in India, marking a significant step in its ongoing expansion. Following its earlier launches in Maharashtra and Tamil Nadu, the service is now live in four more circles — Delhi NCR, Mumbai, Karnataka (Bengaluru),…
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New Delhi/Mumbai, June 10 – Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the 29th meeting of the Financial Stability and Development Council (FSDC) in Mumbai today. The meeting focused on enhancing financial sector responsiveness, cybersecurity, and improving citizen-centric financial processes. Minister of State for Finance, Pankaj Choudhary, and key regulators from RBI, SEBI,…
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Mumbai, June 9 — Indian equity benchmarks surged in early trading on Monday, with the BSE Sensex climbing 429.05 points to reach 82,618.04, driven by positive momentum across major Asian markets. The NSE Nifty also witnessed a healthy gain, advancing 130 points to stand at 25,134.40. Throughout the morning session, Sensex fluctuated between a high…
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New Delhi, June 7 – In a strong move to safeguard consumer rights in the digital landscape, the Central Consumer Protection Authority (CCPA) has issued a fresh advisory to e-commerce platforms urging them to eliminate misleading tactics often referred to as “dark patterns.” This advisory is part of the government’s wider campaign to improve transparency…
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