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Bizmudra has compiled a list of statements from Industry leaders regarding the new reforms put forth by the GST Council: Mr Shailesh Chandra, President, SIAM; “Automobile Industry welcomes the Government’s decision to reduce the GST on vehicles to 18% and 40%, from earlier rates of 28% to 31% and
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ATMA Seeks GST Relief on Tyres to Support Mobility, Lower Logistics Cost Lowering GST rates on tyres would directly reduce vehicle operating costs and help bring down logistics costs, while also extending benefits to farmers, small traders, service providers, and the infrastructure and mining sectors, Automotive Tyre Manufacturers Association (ATMA)
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Bizmudra provides a summary of the reactions from Industry Leaders on the policies stated in the Union Budget 2024-25 Mr. Vinod Aggarwal, MD & CEO, VE Commercial Vehicles "The introduction of the National Manufacturing Mission and the emphasis on Clean Tech Manufacturing, including National Critical Minerals Mission, particularly for
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Concludes With a Historic Milestone; MoUs Worth Rs 1.8 lakh cr Signed The Bihar Business Connect 2024 concluded on a grand note, marking a historic day for Bihar's industrial growth. The day’s events commenced with the ceremonial lamp lighting by the Hon’ble Deputy Chief Minister
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Bid /Offer Opening Date – Tuesday, October 15, 2024, and Bid/ Offer Closing Date – Thursday, October 17, 2024 Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to the
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The first invest meet of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 was successfully held in India’s commercial capital, Mumbai, under the leadership of Hon’ble Chief Minister Shri Bhajan Lal Sharma. The investor meeting facilitated the signing of MoUs worth over INR 4.5 Lakh Crore with
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ECOS (India) Mobility & Hospitality Limited shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Wednesday, August 28, 2024. The total offer size of Equity Shares (face value ₹ 2 each) comprises of Offer for Sale of up to 18,000,000 Equity Shares.
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Saraswati Saree Depot Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on August 12, 2024. The total offer size of Equity Shares (face value ₹ 10 each) comprises of fresh issue of up to 6,499,800 Equity Share and Offer for Sale
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Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) announced its unaudited results for Q3 of FY2024. In Q3FY24, the company recorded a net revenue of Rs.3,700 Crs. and achieved an EBIDTA of Rs.563 Crs. clocking a remarkable growth of 61% compared to the same
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The CEAT Indian Supercross Racing League (ISRL), a revolutionary franchise-based motorsport spectacle poised to become the fastest-growing league in India focusing beyond cricket. The league showcased the adrenaline-pumping journey with an explosive opening at the Pune race, mesmerizing over 9000 fans on the ground with live broadcast on TV and
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Zoomcar Holdings, Inc. has begun trading on NASDAQ under ticker symbol “ZCAR” stock ticker Zoomcar Holdings, Inc. (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets rings the bell at Nasdaq. Innovative International Acquisition Corporation (NASDAQ: IOAC, or “IOAC”), formerly a Cayman Island registered blank-check special purpose acquisition
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JK Tyre & Industries Limited, one of the leading tyre manufacturers in India has successfully concluded its fund-raising plans of Rs.500 crore by way of Qualified Institutional Placement (QIP). QIP was priced at Rs 345 per share (including a premium of Rs 343 per share with face value of