The GST replaces seven indirect tax heads including countervailing duty, special additional duty of customs, excise duty, service tax, central sales tax, VAT, octroi & state cesses.
The company will use the proceeds for scaling up operations, upgrading its technology platform and strengthening the back-end infrastructure for building a network of warehouses.
The company has kept aside Rs 200 crore for acquisitions. It has made 12 acquisitions till date. India business accounts for just 20% of Allcargo’s consolidated revenue.
The port will be developed in partnership with the Mozambique government in a concession agreement to be in force for thirty years.
Yeshwanth Shenoy's life changed after a chance involvement in the May 22, 2010, Air India Express plane crash at the Mangaluru airport that claimed 158 lives.
The adoption of the new model, according to senior executives at the country’s largest carrier, would help IndiGo lower overall costs of fleet ownership.
India adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retail to utilities.
The company aims to raise up to Rs 1,468 crore via the IPO.
A supervisor found two packets wrapped in black tape beneath catering cutlery, after the fight AI 440 arrived in Delhi from Chennai.
Jet has mandated some of its pilots to take 10 days off every month and take only 70% of their remuneration, a person aware of the development told ET.
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