In a high-stakes battle under India’s Insolvency and Bankruptcy Code (IBC), Vedanta Group has emerged victorious with a ₹17,000 crore bid to acquire debt-laden Jaiprakash Associates Ltd (JAL), outbidding Gautam Adani’s Group. The outcome marks a significant step in the ongoing resolution of one of the country’s most prominent corporate…
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Zomato, Swiggy Face ₹200 Cr GST Hit, May Pass Cost to Users
India’s food delivery giants Zomato and Swiggy are set to bear an additional ₹180–200 crore GST burden annually after a clarification from the Goods and Services Tax (GST) Council. The ruling makes it mandatory for online marketplaces to pay 18% GST on delivery fees, which were earlier not taxed under…