Thu, Feb 1, 2024 11:23 AM
Consumer durable industry wants GST reduction, Infra push, PLI extension
A Flip by Shubhangi Gupta
📌Vedanta revised its demerger plan, opting to retain its base metals business within the parent entity following lender feedback. 📌NHPC signed a ₹5,500-cr MoU with Bihar to develop 1,000 MW solar and green hydrogen projects. 📌CCI approved UltraTech’s ₹3,954-cr acquisition of a 32.72% stake in India Cements. 📌HCC divested its stake in Steiner AG to m3 Immobilier.
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The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the ’one-nation-one-tax’ regime. The GST Council in its 55th meeting also decided to clarify on taxability of popcorn, saying caramelised popcorn will continue to attract tax at the rate of 18 per cent.
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Waaree Energies on Friday said its wholly-owned subsidiary Waaree Solar Americas Inc. has started trial production of solar modules at its manufacturing facility in the US. The first phase is of 1.6 GW solar module manufacturing capacity. Homegrown Waaree Energies is the first Indian renewable energy company to establish a PV module manufacturing facility in Brookshire, Texas, United States.
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