Market News

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LiveMint - Companies 1d ago

Plum picks Rothschild for a record $100 mn fundraise

D2C beauty brand Plum is gearing up for its next phase of growth, tapping Rothschild & Co to raise $75-100 million for offline expansion and new product launches. If successful, the round would set a record for a standalone beauty and personal care brand in India.

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Gray skies put tourists under monsoon’s magic spell

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ET Markets - Industry 1d ago

Gray skies put tourists under monsoon’s magic spell

The monsoon season is attracting many travelers to various Indian destinations. Popular spots like Goa and Kerala are seeing increased tourist footfall this year. Hill stations in Himachal and Uttarakhand also report significant growth in hotel bookings. Overseas destinations like Tajikistan are experiencing a substantial rise in travel interest. Hotels and travel brands are offering attractive deals to boost seasonal tourism.

INDHOTELIOBIRCTCMOGSECConsumer ServicesFinancial Services

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Duty cuts put UK luxury cars in fast lane in India; prices may drop by Rs 1-3 crore

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ET Markets - Industry 1d ago

Duty cuts put UK luxury cars in fast lane in India; prices may drop by Rs 1-3 crore

Luxury car prices in India are set to decrease significantly soon. This change follows the India-UK free trade pact taking effect July fifteenth. Customs duty on fully imported cars will drop to thirty percent. This reduction applies to an allotted quota of twenty thousand cars annually. Most companies are still preparing to announce their new pricing structures.

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Oil Ministry plays sunk cost card, mounts fresh E20 defence

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ET Markets - Industry 1d ago

Oil Ministry plays sunk cost card, mounts fresh E20 defence

Defending its policy, the government warned of the risk of stranding massive investments made in ethanol infrastructure over the past few years. “If, after creating this capacity, we were to arbitrarily revert to E10, what happens to these investments?” the ministry asked.

DEFENCEOILFinancial ServicesOil Gas & Consumable Fuels

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