Author name: Lisl News Desk

News Desk

India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

/ Indian Market /

The Indian government may consider raising the GST on cigarettes and other tobacco products once the compensation cess is discontinued, according to a report by Economic Times. Current Tax Structure and Proposed Changes At present, the cigarette and tobacco products are being taxed at 28% with a cess added to this to a total of […]

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Vedanta Investors and Creditors Approve Demerger Plan

Vedanta Investors and Creditors Approve Demerger Plan

/ Indian Market /

Mining giant Vedanta Ltd announced on February 20 that its proposed demerger plan has received approval from its equity shareholders, secured creditors, and unsecured creditors. Key Highlights of the Demerger The Anil Agarwal-led group aims to list its businesses separately, allowing for better valuation and investor interest. The demerger will separate Vedanta’s businesses into five

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Airtel Block Deal: Stake Sale Proceeds to Be Used for Refinancing Loans for BT Group Investment

Airtel Block Deal: Stake Sale Proceeds to Be Used for Refinancing Loans for BT Group Investment

/ Indian Market /

Bharti Airtel, the nation’s second-largest telecom player, has decided to use the proceeds from its recent block deal for financing loans taken for its investment in British Telecom (BT), reports CNBC-TV18. On February 18, the block deal for the sale of 5.1 crore shares worth ₹8,475 crore took place on the exchanges. In this sale,

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Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE

Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE

/ Indian Market /

Shares of Hexaware Technologies Ltd began strongly on the exchanges on February 19, beginning the day at ₹745.5 per share on the NSE, a 5.3% premium over its issue price. On the BSE, the shares began the day at ₹731 per share, a 3.25% premium. Following the addition, the market capitalization for Hexaware Technologies stood

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Transformers & Rectifiers Shares Rise 2% After Winning ₹166.5 Crore Order

Transformers & Rectifiers Shares Rise 2% After Winning ₹166.5 Crore Order

/ Indian Market /

Shares of Transformers & Rectifiers (India) Ltd increased by nearly 2% during morning trade on February 19 after the company reported the receipt of new orders worth ₹166.45 crore. At 9:22 AM, the shares were priced at ₹374.40, up by ₹6.85 (1.86%) on the BSE. The company has achieved the order from Hyosung T&D India

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BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action

BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action

/ Indian Market /

The Brihanmumbai Municipal Corporation (BMC) has directed roadside hawkers, dining centers, and restaurants in Mumbai to transition to cleaner fuels like Compressed Natural Gas (CNG) or Piped Natural Gas (PNG) on or before 8th of July, 2025, failing which strict action will be taken. The move, undertaken with the intent of lowering air pollution, has

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Patel Engineering Shares Dip Slightly After Winning ₹1,090 Crore Project Bid

Patel Engineering Shares Dip Slightly After Winning ₹1,090 Crore Project Bid

/ Indian Market /

Shares of Patel Engineering (PEL) traded marginally lower in early trade on February 18, despite the company being declared the lowest bidder (L1) for a project worth ₹1,090.45 crore. At 9:23, shares of Patel Engineering fell 0.31%, down by ₹0.14, and traded at ₹44.38 on the BSE. The contract has been awarded by the Maharashtra

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Borosil Renewables Shares Hit 5% Lower Circuit as Q3 Losses Deepen

Borosil Renewables Shares Hit 5% Lower Circuit as Q3 Losses Deepen

/ Indian Market /

Shares of Borosil Renewables were locked lower by 5 percent on 17 February after its wider quarter-ended December quarter loss announcement. The company’s net loss surged to ₹30 crore, compared to its loss of ₹15.90 crore reported by it within the same quarter of last year. The company’s bottom-line was impacted by rising input costs,

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FlyDubai Explores Entry into Indian Aviation Market Through Go First Acquisition Bid by Busy Bee

FlyDubai Explores Entry into Indian Aviation Market Through Go First Acquisition Bid by Busy Bee

/ Indian Market /

Dubai-based low-cost carrier FlyDubai is considering its foray into India’s domestic aviation market through Busy Bee Airways, which is negotiating to acquire bankrupt carrier Go First. According to reports, Busy Bee has contacted Go First’s Committee of Creditors (CoC) to acquire its flying licence, trademarks, and airport slots. Busy Bee is not, though, seeking Go

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Nifty, Sensex Fall for Ninth Straight Session as Market Weakness Continues; India VIX Jumps 7%

Nifty, Sensex Fall for Ninth Straight Session as Market Weakness Continues; India VIX Jumps 7%

/ Indian Market /

The Indian stock market continued its losing streak for the ninth consecutive session on February 17, as Nifty 50 and Sensex opened in the red. Weak global cues, heavy selling by foreign institutional investors (FIIs), a falling rupee, and the imposition of US reciprocal tariffs on Indian exports have dampened investor sentiment, leading to sharp

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