A single consolidated tax, freeing the real estate sector from 16 major taxes and levies, has the real estate sector pumped. Sector experts believe the proposed national goods and services tax (GST) would streamline the domestic supply chain and have a beneficial effect for home buyers. “Streamlining the sector’s domestic ... Read More »
Pakistan’s leading cement producer, Lucky Cement Limited, is investing Rs. 20 billion for establishing a new, fully integrated green field cement manufacturing plant. Lucky Cement is already operating two plants in the country, one at Pezu, Khyber Pakhtunkhwa and one in Nooriabad, Karachi. In these areas, Lucky Cement is not ... Read More »
Infosys, UltraTech Cement, Petronet LNG, Finolex Industries and TVS Motor Company are among 12 stocks from the Nifty500 index hit their respective lifetime high price on the National Stock Exchange (NSE) in intra-day today. Atul, Bajaj Finance, Can Fin Homes, Kajaria Ceramics, Kansai Nerolac, Manpasand Beverages and Minda Corp are ... Read More »
The deal will help JP Associates reduce its debt, which runs into thousands of crores of rupees Debt-ridden Jaiprakash Associates on Thursday announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector. However, the size ... Read More »
