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Delhi HC upholds property tax on star hotels, dismisses pleas on arbitrari
Updated : 5 months, 1 week ago IST
The petitioners, including several hotel associations, had challenged the levy of a uniform Use Factor (UF-10) and the maximum 20 per cent tax rate, arguing that the classification of hotels on the basis of voluntary star ratings lacked statutory backing and unfairly burdened establishments
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RMZ Infinity & Ecoworld 30 Secure British Safety Council's Five Star Ratin
Updated : 5 months, 1 week ago IST
Bengaluru (Karnataka) [India], September 16: RMZ, one of the world's largest privately controlled real asset and consumer platform companies, has achieved a Five Star Rating in Occupational Health and Safety Audit from British Safety Council for two of its flagship assets--RMZ Infinity and R
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Average tariff hike of 4.5% along with reduction in AT&C losses needed to
Updated : 5 months, 1 week ago IST
An average tariff hike of 4.5 per cent coupled with a reduction in aggregate technical and commercial (AT&C) losses below 15 per cent is essential to eliminate the gap between the average cost of supply (ACS) and average revenue realisation (ARR) for power distribution companies (discoms), r
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US tariffs to shear 5-10% off home textile industry revenue: Crisil Rating
Updated : 5 months, 1 week ago IST
Home textile manufacturers are bracing for a 5-10 per cent decline in revenue, apart from reduction in operating profitability, as the 50 per cent tariffs imposed by the US came into effect on August 27, Crisil Ratings said in a report.
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Fiscal Deficit target of 4.4% in FY26 is achievable despite GST 2.0 revenu
Updated : 5 months, 1 week ago IST
India is likely to meet its fiscal deficit target of 4.4 per cent of GDP in FY26 despite anticipated revenue loss from the implementation of GST 2.0, according to a report by CareEdge Ratings.
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India's GST reforms to be credit positive for consumption-focused issuers:
Updated : 5 months, 1 week ago IST
The goods and services tax (GST) reforms will be credit positive for Indian companies as it will boost consumption and reduce risks of US tariffs, noted global rating agency Fitch in its latest report.
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Bank credit flow to touch Rs 19 to 20.5 trillion in FY26; NBFCs projected
Updated : 5 months, 1 week ago IST
Indian banks incremental credit to grow by Rs 19 trillion to 20.5 trillion, translating into a year-on-year growth of 10.4-11.3 per cent according to a report by rating agency ICRA.
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Fitch Ratings increases global GDP growth outlook but US slowdown evident
Updated : 5 months, 1 week ago IST
Fitch Ratings has revised its global GDP growth forecast moderately upward to 2.4 per cent for 2025, an increase of 0.2 percentage points from the June outlook.
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Fitch revises India's GDP outlook for FY26 to 6.9% from 6.5%, but indicate
Updated : 5 months, 1 week ago IST
Global rating agency Fitch has revised India's growth outlook for the fiscal year ending March 2026 to 6.9 per cent from its earlier projection of 6.5% in June Global Economic Outlook (GEO).
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Hexaware Earns Gold Sustainability Rating from EcoVadis, Placing in the To
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 9: Hexaware Technologies, a global provider of IT solutions and services, has been awarded a gold sustainability rating from Ecovadis. Hexaware's overall score rose to 82, up from 70 last year, upgrading the company from Silver to Gold and placing it i
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India's apparel export outlook revised to negative from stable, apparel ex
Updated : 5 months, 1 week ago IST
The outlook for the Indian apparel export industry has been revised to Negative from Stable by rating agency ICRA, following the upward revision in tariff rates by the US.
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India Inc revenue to grow 7% this fiscal on GST restructuring, but profit
Updated : 5 months, 1 week ago IST
The rating agency stated that the reductions in the Goods and Services (GST) will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates.
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