ITC entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Sunrise Foods. Indian consumer goods giant ITC is set to acquire Kolkata based spices maker Sunrise Foods to bolster its food business. The company entered into a share purchase agreement on 23 May to acquire 100 per cent of the equity share capital of Sunrise Foods. However, the size of the deal was not revealed. According to the hotels-to-tobacco conglomerate, the proposed [...]
India’s Goods and Services Tax (GST) has the potential to make the country’s textile industry more competitive.
A long-awaited taxation reform aimed at “One Nation, One Tax” became a reality in India when the Goods and Service Tax (GST) Act was passed in Parliament on March 29 this year and came into effect from July 1.