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Vedanta Unveils Aluminium and Zinc Industrial Parks to Empower India's Manufacturing Future

New Delhi, Nov. 7 -- In a landmark initiative to boost India's industrial and entrepreneurial ecosystem, Vedanta Limited has announced the establishment of not-for-profit Aluminium and Zinc Industrial... Read More


Budget 2026: Imposition of VAT & SSCL on Imported Coconut Oil & Palm Oil

Sri Lanka, Nov. 7 -- Locally produced coconut oil and palm oil are subjected to Value Added Tax and Social Security Contribution Levy, while imported coconut oil and palm oil are subjected to Special ... Read More


Govt. allocates Rs. 3.6 bln to expand SLTB long-distance bus fleet

Sri Lanka, Nov. 7 -- President Anura Kumara Dissanayake, presenting the 2026 Budget, announced plans to strengthen the public transportation sector by adding 600 buses to the long-distance service fle... Read More


Bajaj Auto Q2 Results: Profit up 23.7% on 13.7% rise in revenue, higher sales

India, Nov. 7 -- Standalone net profit of Bajaj Auto Ltd. rose 23.7% over the year-ago period to Rs.2,480 crore in the three months ended 30 September, on revenue that increased 13.7% to Rs.14,922 cro... Read More


Budget 2026: Removal of CESS and imposition of VAT on Imported Fabric

Sri Lanka, Nov. 7 -- Locally manufactured fabric is subjected to VAT and the imported fabric, although exempted from VAT, is subjected CESS of Rs. 100 per kilo gram. To ensure a level playing field, ... Read More


Tata Sons' electronics bet crosses $1.3 billion

New Delhi, Nov. 7 -- Tata Sons Ltd has ploughed over a billion dollars into its iPhone assembly business since inception, helping it cross watch-and-jewellery brand Titan Ltd in revenue in just four y... Read More


KKR earmarks up to $200 mn to scale up its India medtech bet

Mumbai, Nov. 7 -- Global private equity giant KKR has earmarked $150-200 million to acquire assets to scale up medical devices maker Healthium MedTech, according to three people familiar with the matt... Read More


EOW to attach four flats linked to accused ex-husband of IPS officer Rashmi Karandikar

India, Nov. 7 -- The Mumbai Police's Economic Offences Wing (EOW) has initiated proceedings to attach four flats allegedly purchased using proceeds of crime by Purushottam Chavan, the former husband o... Read More


VAT registration threshold reduced to Rs. 36 million from Rs. 60 million

Sri Lanka, Nov. 7 -- The government has decided to reduce the annual turnover threshold for the registration of Value Added Tax and Social Security Contribution Levy from Rs. 60 million to Rs. 36 mill... Read More


Budget 2026: Implementation of the National Tariff Policy

Sri Lanka, Nov. 7 -- The President proposes to revise the current Customs Import Duty rates of 0%, 15%, 20%, in line with the National Tariff Policy, to 0%, 10%, 20%, 30%, effective from April 2026. ... Read More