Articles for tag: Crore, Debt, Dramatic, Expand, IPO, Manufacturing, PMEA, Prepares, Repay, Revenues, Seeking, Soaring, Solar

September 17, 2024

PMEA Solar prepares for a dramatic IPO, seeking Rs 600 crore to expand manufacturing and repay debt amid soaring revenues.

PMEA Solar Tech Solutions Ltd has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The IPO aims to raise Rs 600 crore through a fresh issue, along with an offer to sell 11.24 million shares from existing promoters. The funds will be used for capital investments, including ...

September 9, 2024

Market News

Business

The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.

During the 54th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced several key decisions. The council is exploring a state panel to review the compensation cess and its future beyond March 2026. Discussions included potential exemptions for life and health insurance premiums from GST, although further deliberation is needed. To support foreign ...