Sun, Dec 22, 2024 8:53 PM
Stocks to Watch: Vedanta, NHPC, Reliance Industries, and more
A Flip by Shubhangi Gupta
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.
Open Flip
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.
Open Flip
Accenture Plc’s renewed hiring—it added 49,000 people globally in the last six months—suggests technology services companies expect a much better growth in the coming months, according to analysts. The Dublin-headquartered company’s hiring spree paints a sanguine outlook for homegrown IT services companies that are expected to record better growth in the coming quarters, the analysts said.
Open Flip
