Vivek Sharma
Suzlon Group has announced its decision to acquire a 76% stake in Renom Energy Services Private Limited. This acquisition will be carried out in two tranches. Suzlon will initially acquire a 51% stake in Renom for a consideration of ₹400 crores. While the acquisition of an additional 25% stake will be within 18 months of Read more: Suzlon to acquire 76% stake in Renom Energy Services in two phases at Rs.660 Cr..
Devyani International, the operator of KFC, Pizza Hut etc. in India, announced a significant 156% year-over-year (YoY) increase in profit for the first quarter of FY25 (April-June 2024). The company reported a profit of Rs 30.11 crore, compared to Rs 11.76 crore in the same quarter of the previous fiscal year. This impressive growth was Read more: Devyani International Q1 FY25 reports profit surge to 156% YoY, stock in green despite market crash..
The Government of India(GoI) is considering postponing the implementation of changes to the long-term capital gains (LTCG) tax indexation rules until FY26 (financial year 2025-26). This potential change could offer relief to property owners who were previously facing increased tax liabilities due to the removal of indexation benefits in the new tax rules effective from Read more: LTCG tax indexation changes could apply from FY26; GoI is reviewing – report..