NLMC is set to hold investor meetings in Visakhapatnam, Vijayawada, and Hyderabad ahead of the e-auction for 459 RINL plots. Scheduled for October 12 and 16, the auction features 456 HB Colony house plots and three Auto Nagar parcels, with an EMD of ₹2 lakh per plot. This initiative aims to attract investors and boost real estate opportunities in these key cities.
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A homemaker faced a ₹33.50 lakh tax addition due to cash entries found in her name. The ITAT intervened, deleting the tax addition after reviewing the evidence. This case highlights the importance of accurate financial documentation and the potential for relief in tax disputes.
Schneider's CEO emphasizes India's potential as a global manufacturing hub. The Swiss road-equipment maker plans to boost exports from its Gujarat plant to Europe and the US, transforming India into a key production and R&D base. This strategic move aims to leverage India's growing market for international expansion.
Titan is enhancing its mechanical watchmaking to capture a 25% share in India's premium watch sector. By adopting Japanese-style automation, Titan aims to make its homegrown movements a global standard, appealing to luxury watch enthusiasts. This strategic move positions Titan as a key player in the competitive watch market, emphasizing quality and accessibility.
HealthKart is exploring a $300-400 million IPO as the nutrition market gains traction. The platform is in talks with stakeholders to potentially raise fresh capital while facilitating a secondary share sale for existing investors. This move highlights the growing demand for health supplements and nutrition products.