Photo: First Post
Adani Groups Speak About Independent Audit Hiring News, Says Its Market Rumour
The Adani Group finally spoke about the news of hiring a US Firm for independent audit, amid Hindenburg claims.On February 16, company said, "We would like to clarify the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it… We wish to confirm we have made and will continue to make disclosures in compliance with obligations under SEBI
Tags: Adani Groups, Hindenburg Report, Independent Audit, TAXES, SEBI
Courtesy: Hindustan Times
Photo: HIndu Business Line
Govt Reduces Windfall Tax On Fuel Export, Domestic Crude Oil, ATF Amid Global Oil Prices Fall
After global oil prices plummeted, government removed three-week-old tax on petrol exports and reduced windfall levies on international shipments of diesel and ATF, and domestically produced crude oil, on July 19. While the export duty on petrol was abolished at Rs 6, the duty on diesel and jet fuel (ATF) was reduced by Rs 2 per litre. The tariff on domestic crude was also reduced to Rs 17,000 per tonne.
Tags: Central Government, TAXES, Fuel, Export, domestic crude oil
Courtesy: Zee news
Photo: Outlook India
High Taxes Hampers Luxury Automobile Industry In India: Audi
Indian luxury automobile industry has enormous development potential, but it is stifled due to high luxury car taxes and unfavorable regulatory environment. Luxury automobile sales account for less than 2% of total passenger vehicle sales each year, and market has been relatively stable over the last decade. Despite the fact the nation is home to many billionaires, Audi Director Region Overseas Alexander von Waldenburg-Dresel stated luxury… read-more
Tags: Audi, TAXES, Indian luxury car market, Car, Luxury cars
Courtesy: DNA INDIA
Photo: The Financial Express
Tesla Extends Share Sell-Off Following Musk's Tweet
Tesla's share extended their recent sale on November 15, as investors responded to Elon Musk's tweet on stock sales of $6.9 billion. The company traded low at $978.60 billion, pushing its market value to less than $1 trillion for the second time on an intra-day basis on November 15. Musk tweeted to Bernie Sanders, "Want me to sell more stock?" after the… read-more
Tags: Tesla, Tesla CEO Elon Musk, Shares, USA, TAXES
Courtesy: Reuters
