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Industry & Corporate
Tea industry loses sleep over mandatory bids
The tea industry has expressed apprehensions over mandatorily routing 80% of the produce through auctions for being eligible to the Rs 4,800 crore special purpose tea fund for financing replantation and rejuvenation of the old plants. |
Insurance firm seeks removal of FBT, service tax
Ahead of the Budget, global insurance giant Max New York Life has demanded changes in tax laws, especially fringe benefit tax and service tax, and more incentives for the booming Indian insurance sector. |
DRL could overtake Cipla as No 2 drugmaker
With Betapharm adding about $200 million to its topline, DRL may even overtake Cipla as India’s second largest drug maker in the next fiscal. |
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