Friday, July 19News That Matters

Month: July 2023

GST council meeting on Aug 02 – Industry, investors, gamers hope the council will consider their concern of repeat taxation

Business & Finance
28th July, New Delhi: The GST council is likely to meet on August 02, to finally decide the implementation of GST on online gaming. The council will also decide whether the 28% GST will be levied on the deposits or on every game. The revenue secretary yesterday had acknowledged that levying 28% tax on every game will lead to repeated taxation of the same rupee resulting in the effective tax rate going as high as 50%-70%. He clarified that while there was no possibility of taxing the GGR, which is internationally prevalent in countries like USA, UK, Australia, whether the GST will be levied on deposits, or every game is a decision that the GST council will take. There has been a widespread concern on the debilitating effect that taxing every game will have on the industry. Earlier las...
BDK Valves and Gurukrupa Group Acquire Theis Precision Steel

BDK Valves and Gurukrupa Group Acquire Theis Precision Steel

Business & Finance
28/07/2023 Gujarat, India BDK Valves (a leading manufacturer of Industrial valves providing flow control solutions to global customers) and Gurukrupa Group (a leading realty developer in western India), announced the successful acquisition and controlling (100%) stake in Theis Precision Steel India Pvt. Ltd. (Theis Precision). This is the second acquisition of international companies by the promoter group to serve customers in India & across the world. Theis Precision, formerly owned by Tata Steel Ltd., is a pioneer in specialty cold rolling of high/medium carbon steels in India. Today, it is a leading specialty cold rolled steel strips manufacturer in the country. It also is the only manufacturer of precision hot rolled solid steel profile sections, by a unique process, to sat...
Nakheel launches Rixos Hotel & Residences on Dubai Islands, a new luxury waterfront development

Nakheel launches Rixos Hotel & Residences on Dubai Islands, a new luxury waterfront development

Business & Finance
DUBAI, UAE, July 26, 2023 /PRNewswire/ -- Nakheel, the world-leading real estate master developer based in the United Arab Emirates, in partnership with Excelsior Real Estate LLC, has launched Rixos Dubai Islands, Hotel & Residences, offering a resort lifestyle in a curated and relaxed setting situated in a prime location on Dubai Islands, on the northern coast of the emirate of Dubai. https://youtu.be/XwX6Dgj7jGM Dubai Islands by Nakheel Rixos Dubai Islands, Hotel & Residences is the first luxury hotel and residential offering on Dubai Islands providing residents and visitors the same level of service and amenities that can be found at Rixos resorts across the world, such as communal residential lounges, hotel-style lobbies with drop-off facilities, infini...
Lowe’s India Completes Rejuvenation of Bengaluru’s Hunasamaranahalli Lake

Lowe’s India Completes Rejuvenation of Bengaluru’s Hunasamaranahalli Lake

Lifestyle
Thursday, July 27, 2023 3:23PM IST (9:53AM GMT) 18-acre lake expected to save more than 3,00,015.9 Kgs of CO2 by 2043 Bengaluru, Karnataka, India:  Lowe’s India today announced the successful rejuvenation of the Hunasamaranahalli Lake in the north of Bengaluru. The project began in 2022, in partnership with Oasis Foundation and HandsonCSR. The improvements were unveiled today in the presence of, Honorable Shri Krishna Byre Gowda, Revenue Minister, Government of Karnataka   Kanthraja,  Chief Officer, Hunasamaranahalli Lake, Town Municipal Council   Ashokan K, Ex-Vice President, Advocate Association President The Hunasamaranahalli Lake, near the Bengaluru International Airport, was home to migratory birds, a huge population of fish, snakes and turtles, primarily. Howe...