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India's consumption tax cuts, hailed as a major reform, have yet to impress the stock market, overshadowed by concerns like US tariffs and implementation challenges. While some sectors like autos may benefit, broader investor sentiment remains cautious due to complexities in the new tax structure and uncertainties surrounding consumer spending and global economic headwinds.
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Urban Company's Rs 1,900 crore IPO opens today, priced at Rs 98103 per share, featuring a fresh issue and offer-for-sale. GMP indicates a 35% premium, reflecting strong demand. Founded in 2014, the company connects customers with service professionals and reported Rs 1,144.5 crore revenue in FY25, turning profitable.
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News and Media
Meta denies the allegations and described the "claims at the heart" of the Senate hearing as "nonsense".
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News and Media
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