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HIGH CORONA TAX
Corona Remedies shares climb 3% after blockbuster debut. What’s driving the post-listing surge?Corona Remedies shares rose sharply on December 15, extending gains after a blockbuster IPO debut. Strong institutional demand, consistent ...- Corona Remedies IPO Day 3: Issue subscribed over 18.5x, GMP at 25%. Should you apply?Corona Remedies' Rs 655.37-crore IPO is in its final subscription day. Investors show strong interest, with the issue subscribed 18.54 time...
- Corona Remedies IPO Day 2: Nearly 3x subscription so far; check GMP trends & should you apply?Corona Remedies’ Rs 655-crore IPO entered Day 2 after achieving 62% subscription on Day 1, driven largely by retail demand. The IPO’s grey ...
- Corona Remedies IPO Day 1: Registers over 30% subscription, strong GMP, and key detailsCorona Remedies’ IPO opened with decent subscription demand, led by strong retail demand and a robust Rs 290 grey-market premium. The Rs 65...
- Corona Remedies IPO opens next week: GMP among 10 things to know before subscriptionCorona Remedies is launching its Rs 655 crore IPO next week. The Gujarat-based pharmaceutical firm is offering 100% of its shares. The grey...
- Taxes on beer already very high compared to IMFL whisky in Maharashtra: Brewers AssociationThe Brewers Association of India (BAI) supports Maharashtra's decision to raise excise duty on IMFL whisky, citing already high beer taxes....
- Union Budget disappointing, nothing in it for common people: KejriwalIn a tweet in Hindi, the Aam Aadmi Party (AAP) national convenor noted that people had "high expectations" from the Union Budget during the...
- Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021The industry has asked that no new taxes be levied as the economy is under stress in its budget recommendations. Experts also opposed the i...
- CIABC: Liquor sales decline 29% in the first half of the current fiscalAccording to the data compiled by the national body that represents leading liquor firms, the drop in sales was much higher in states that ...
- Lockdowns, ban on sale, corona tax led to liquor sales falling 29%: CIABC“The situation has been worse in states like Andhra Pradesh, Chhattisgarh, West Bengal and Rajasthan where sales have seen a steep decline ...
- Liquor sales decline up to 60% in May-June in states with high Corona cess: ReportAfter the retail sales of liquor were resumed after six weeks of closure in May, several state governments facing shortage of financial res...
- Liquor body CIABC urges West Bengal government to reduce high sales tax to sustain the industryIn a letter to the WB government, CIABC has stated that increase of tax on liquor by 30% on April 9 has led to drastic fall in liquor sale ...
- View: Eight steps to revive the Indian economyIndia can’t spend its way out of the current economic mess. That however, doesn’t mean nothing can be done.
- Liquor makers hail withdrawal of COVID cess by Delhi govt, say 5% hike in VAT reasonableLiquor makers on Sunday welcomed the Delhi government's decision to withdraw 70 per cent Special Corona duty on liquor after increasing VAT...
- Liquor not a fundamental right, special 70% levy is privilege price, Delhi govt tells HCThe Delhi government opposed a batch of petitions challenging its May 4 notification levying the 'special corona fees' on liquor, and said ...
- Beer sales plummet across states, brewers blame it on 'corona cess'Tipplers forming long queues at Indian liquor stores failed to bring respite for the beer industry as volume sales fell sharply in several ...
- Basu, Subbarao call for larger fiscal stimulusMeanwhile, Subbarao on Sunday said the fiscal stimulus announced by the Centre on March 26 on account of lockdown to contain the spread of ...
- Coronavirus fee: Cash-strapped states rush to raise taxes on alcoholIn India, several states either control liquor retailing or wholesale distribution or both.
- Accumulate ICICI Bank, target price Rs 395: Arihant CapitalICICI Bank's valuation t is expected to remain beaten down for some more time while the economy keeps underperforming.
- Nasscom seeks relief for technology startups for business continuitySome of the important measures demanded from the government to help the startups include rental subsidy for workspaces used by start-ups wh...
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