Essar Group’s plans for a new steel plant in Saudi Arabia could significantly impact the steel and automotive industries. Source and citation: PTI, June 24, 2024. TLDR For This Article: Essar Group is poised to invest $4.5 billion in a new low-carbon steel plant in Saudi Arabia, aimed at supporting the kingdom’s growing domestic market […]
Essar Group Awaits Nods to Start Work on Saudi Plant Read More »
Discover how RBI’s decision to relocate gold reserves impacts the financial market and investor strategies. Source and citation: ET Bureau, June 24, 2024. TLDR For This Article: The Reserve Bank of India (RBI) has significantly reduced its overseas gold reserves, now storing more domestically, reflecting a global trend among central banks. Analysis of this news
Explore how Brookfield’s massive investment in India’s renewable sector might shape the future for investors and industries. Source and citation: Reghu Balakrishnan and George Smith Alexander, ET Bureau, June 24, 2024. TLDR For This Article: Brookfield Asset Management plans to invest over $10 billion in India’s renewable energy, focusing on expanding their green energy assets
Brookfield Targets $10b Investments in Renewable Sector Read More »
Unpack the recent Indian government’s stance on Chinese investments and its ripple effects on various industries and investors. Source and citation: Writankar Mukherjee and Sharmistha Mukherjee, ET Bureau, June 24, 2024. TLDR For This Article: Recent moves by the Indian government suggest a selective easing of restrictions on Chinese investments in sectors like auto components
Govt Starts Taking Call on Chinese Investments, Indian Cos Press (Note) 3 Read More »
Explore how GST Council’s decision to exempt reinsurance and coinsurance from GST impacts industries and investors. Source and Citation: Based on a news article from ET Bureau, last updated on June 24, 2024. TLDR For This Article: The Goods and Services Tax (GST) Council has decided that reinsurance and coinsurance are not taxable. This will
Reinsurance & Coinsurance Not under Tax Ambit TLDR Of the Article: The GST Council has decided that reinsurance and coinsurance are not considered as supply of services These services will not be liable for tax This decision provides relief to insurance companies facing large tax demands Which Indian Companies will be affected: Insurance companies Reinsurance
24 June 2024 : Important Financial News in India Read More »