Alpha -Alternatives to increase RS 400 Crore via Highway Invit IPO

Alpha Alternatives will increase approximately RS 400 Crore by the launch of Anantam Highways Trust, a Road Infrastructure Investment Trust (Invit), according to people who are familiar with the issue. The Invit, sponsored by Alpha Alternatives Fund Advisors LLP, will initially house seven Project -SPVs that housed approximately 272 kilometers (1,087 lane kilometers) of motorways […]

Clarity about GST rates at the earliest to regain the sales momentum in the festive season: luxury car manufacturers

New Delhi: A clear picture with regard to new GST rates at the earliest will help the overall car industry, including the luxury car segment, to regain momentum in the current quarterly, which usually sees improved sale due to the festive season. The powerful GST Council, chaired by Minister of Finance Nirmala Sitharaman, will meet […]

US rate more biased against the Indian automotive, tire industry compared to Asian colleagues: ICRA

New Delhi: the 25 percent American rate on Indian export places the domestic car component industry and tire makers in an unfavorable position compared to Asian colleagues such as Japan, Vietnam and Indonesia, who are dealing with lower tasks, said Ratingbedrijf ICRA on Saturday. The US government has announced that the rate on all goods […]