NTPC is gearing up to establish nuclear power projects. These projects will be through collaborations and independently. NTPC is partnering with nuclear technology providers and state governments. This initiative aims to boost NTPC’s non-fossil fuel portfolio. Anushakti Vidhyut Nigam Limited, a joint venture with Nuclear Power Corporation of India Limited, is already operational.
India’s IPO market is set for a busy period, with at least four major offerings expected in the next 45-60 days, potentially raising $4-5 billion. Tata Capital is expected to lead the way in early October, followed by LG Electronics India.
IPO rush: 4 companies to raise up to $5bn in Oct-Nov Read More »
India’s property market has attracted nearly $80 billion in institutional investments over the past 15 years, establishing itself as a preferred asset class. Foreign investors have been the primary contributors, but domestic capital is increasingly gaining traction, especially post-pandemic.
The Delhi government is gearing up to launch its Pink Card initiative by mid-October, offering women lifetime free bus travel as a Bhai Dooj gift. Registration for the ‘Saheli Smart Card’ will be online, requiring KYC verification through selected banks.
China is easing gold import/export licensing, aiming to diversify reserves from the US dollar. The People’s Bank of China (PBOC) plans to broaden the use of faster “multi-use permits” by increasing authorized ports and extending permit validity. This builds on a 2016 initiative to streamline gold trade.
China has introduced a two-year plan to stabilize its car industry amidst price wars and trade tensions. The initiative, spearheaded by eight government departments, focuses on price monitoring and boosting domestic demand. It sets a target of 15.5 million new energy vehicle sales in 2025, while addressing challenges posed by EU and Mexican trade barriers.
The Central Board of Indirect Taxes and Customs provides clarity on Goods and Services Tax. GST will not apply to post-sale discounts offered by manufacturers to dealers for competitive pricing. However, GST applies if discounts link to specific promotional services by dealers. This clarification addresses representations on secondary discounts under GST.
