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India’s first InvIT makes tepid St debut

DNMUM388980 | 5/19/2017 | Author : Ateeq Shaikh | WC :268

Mumbai: India’s first Infrastructure Investment Trust (InvIT) - IRB InvIT Fund - had just an hour to cheer about on its listing day as the price tanked thereafter.
The tepid response on Thursday raised concerns over the InvITs of the other infrastructure companies that are in the pipeline.
On May 3, the final day of IPO issue, IRB InvIT Fund was subscribed 8.57 times, with retail investors looking forward to their share of the pie. However, on the listing day, the excitement disappeared though the issue was top traded on BSE on Thursday.
As per statistics, 1,68,15,000 shares were traded on BSE.
The total turnover was Rs 171.95 crore in 2,724 trades. On NSE, 7,81,05,000 units worth Rs 797.99 crore was traded.
On BSE, the In
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Made-In-India Vento makes Mexican wave
DNMUM393317 | 7/28/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :266

Mumbai: Volkswagen Group’s Made-In-India Vento car has become the third-largest selling car in Mexico, making up the bulk of car exports by Volkswagen to the country at 210,000 units. The Vento, built at Volkswagen’s Pune plant, replaced the J
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Airtel sees end of 3G in India; says only 2G, 4G may co-exist
DNMUM393318 | 7/28/2017 12:00:00 AM | Author : Mansi Taneja | WC :163

New Delhi: The 3G networks in India will close down at a faster rate than other countries, allowing the spectrum to be refarmed and used for offering 4G services, according to Bharti Airtel.“With no 3G smartphones being sold anymore, Bharti Air
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UP breaks ranks on GST with e-way bill; others may follow
DNMUM393319 | 7/28/2017 12:00:00 AM | Author : Praveena Sharma | WC :618

New Delhi: Even as businessmen and traders are grappling with complying with the newly introduced indirect tax - goods and service tax (GST), the Uttar Pradesh government has added one more compliance burden of the e-way bill.Thi

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Maruti Suzuki Q1profit takes hit on GST rollout
DNMUM393320 | 7/28/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :450

Mumbai: Maruti Suzuki, the country’s top carmaker, has reported a smaller 4.4% year-on-year rise in net profit for the April-June quarter at Rs 1,556.4 crore due to the impact of goods and services tax, higher commodity prices and sale

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