Mumbai: Private equity exits through offers for sale and repatriation of MNC profits last fiscal led to a record outflow of foreign exchange – nearly double the net foreign direct investments. As more private equity investments mature in the next few years, the outflows could be more than inflows. Forex outflows under the head ‘Income … Read more
Robust returns on sugar exports helped sugar mills from Uttar Pradesh to trade their export quota at a premium of about 10% over the prevailing market price for export of white sugar. According to trade sources, UP mills have sold 5-6 lakh tonnes of their export quota at an average price of Rs 4/kg. The … Read more
India will work with like-minded countries to ensure developing countries like itself get a fair share in the proposed tax on multinational digital companies under a global deal being worked out, a top government official told ET. “We would speak to like-minded countries… We should get a better deal,” the official said. India on Friday … Read more