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While the policy is aimed at improving tax compliance, it has created unintended challenges for fixed-income investors, particularly retail participants, an official said on Tuesday.
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The State Council guidelines also allowed the bonds to make up a greater proportion of a projects overall investment when used as equity capital. More areas including information technology, elderly care and childcare are eligible for investment.
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News and Media
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital of the company.
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News and Media
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