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India’s Sheela Foam to buy rival mattress maker Kurlon for $241 mln- ET Now
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Indian mattress maker Sheela Foam Ltd (SHEF.NS) will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources. Should the deal go through, Sheela Foam could command a market share of 35-40%, Moneycontrol had reported...
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Union Budget 2023 may bring tax parity in capital gains on listed and unlisted equities
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Gains on listed shares are considered long-term if held for more than 12 months and taxed at a concessional rate of 11.96%. Whereas gains on unlisted shares are considered long-term if held for more than 24 months. In Budget 2022,...
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Tata Technologies launches innovation centre in France
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Tata Technologies, a global product engineering and digital services company, inaugurated its innovation centre in Toulouse, France, to cater to the new-age product engineering and digital requirements of the global aerospace and defence sector. The new centre aims at strengthening...
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Sterlite Power acquires Kishtwar transmission project in J&K
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Sterlite Power, an integrated power transmission developer and solutions provider, on Tuesday said it has acquired a Kishtwar transmission project for a period of 35 years. Kishtwar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL), was...
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This KKR-backed startup is tapping PM Modi’s decarbonisation drive
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Prime Minister Narendra Modi is encouraging the gradual phase-out of fossil fuels after it set a target of getting to net zero by 2070.
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Sterlite Power acquires Kishtwar transmission project in J&K
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Sterlite Power, an integrated power transmission developer and solutions provider, on Tuesday said it has acquired a Kishtwar transmission project for a period of 35 years. Kishtwar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL), was awarded to...
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Tata Technologies sets up innovation centre in Toulouse, France
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The new centre aims at strengthening Tata Technologies’ relationship with Airbus as an engineering partner and expands its horizon in the industry by leveraging its innovative sustainable solutions for product engineering.
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Serentica Renewables partners with Greenko for 1500 MWhr of storage capacity
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New Delhi: Serentica Renewables, a decarbonization platform backed by PE fund KKR & Co, has entered into an agreement with Greenko Group for 1500 MWhr of storage capacity to deliver carbon-free power to industrial clients. “As part of this partnership,...
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Japan’s Kirin in talks to triple investment in Indian craft beer maker Bira
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Kirin, which first invested $30 million in Bira for an under 10% stake last year, is set to pump in the additional funds at an equity valuation of $450 million
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Serentica to launch renewable energy platform in India
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The company will specialise in providing end-to-end green solutions to the consumers, including connectivity to the appropriate transmission network using the services of group company Sterlite Power Serentica Renewables, owned by Twinstar Overseas Limited, which has controlling stake in Sterlite...
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