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Foodlink F&B files papers for IPO

Foodlink F&B files papers for IPO

Economic Times8 hours ago

The company's businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services.
Synopsis ​​The offer consists of a fresh issue of ₹160 crore and an offer for sale of 12 million shares. The company's businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services. Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
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As US trade deal nears, India reviews timing, scope of digital economy policy
As US trade deal nears, India reviews timing, scope of digital economy policy

Mint

time34 minutes ago

  • Mint

As US trade deal nears, India reviews timing, scope of digital economy policy

New Delhi: As India and the US move closer to finalising a bilateral trade pact ahead of the 9 July tariff deadline, New Delhi is reassessing the timing and contours of pending policy measures that are sensitive to the interests of American tech giants. These include the proposed Digital Competition Bill, a comprehensive e-commerce framework, and new income attribution rules for non-resident enterprises, according to three people familiar with the matter. The recalibrations are being weighed to ensure the policy measures align with the broader objectives of the India-US trade deal and reflect India's commitment to a trust-based regulatory framework and investment requirements, one of them said. 'Policy measures which are on the drawing board can also be a bargaining chip in bilateral treaty negotiations," said the second person quoted above. Both of them spoke on condition of anonymity. The ministry of finance, the departments for promotion of industry and internal trade and commerce, and the Central Board of Direct Taxes (CBDT) did not reply to queries emailed on Friday. India has offered several concessions to US exporters of goods and services in the previous two Union budgets, including customs duty reductions and scrapping of the equalisation levy on digital services rendered to Indian businesses by non-resident entities such as tech giants Google and Meta. New Delhi is looking to finalise a bilateral agreement with Washington before the US's 9 July reciprocal tariffs deadline. The US wants India to significantly reduce duties on American agricultural goods, dairy products, and shrimp, and remove non-tariff barriers restricting US dairy exports. Washington, too, is under pressure to ensure the India-US trade deal passes before the deadline. A 26% reciprocal tariff on Indian exports into the US, which includes the 10% universal baseline tariff that now applies to Indian exports, along with tariffs on imports from other countries, could push up retail price inflation in the US. Concerns over the impact of reciprocal tariffs on inflation are already top on the mind of Federal Reserve Chair Jerome Powell, who has refused to buckle under pressure from President Trump to cut the benchmark lending rate. President Trump is pitching for rate cuts which could help lower the government's interest payments and the budget deficit. India's cautious approach Among the measures being reviewed is India's proposed Digital Competition Bill which seeks to introduce an ex-ante or forward-looking approach to regulating the digital economy. This will mandate influential tech firms to follow a code of conduct. The draft Bill, as it is framed now, will affect digital economy firms' ability to show targeted advertisements and the way people use Google services like maps, Mint reported on 24 April and 7 June, respectively, last year. The government is also reviewing the proposed profit attribution rules to be rolled out by the Income Tax department. These are meant to levy tax on non-resident companies which have a 'significant economic presence' in India, defined on the basis of transaction value and user base. But India's double tax avoidance deal with the US makes it difficult to tax these entities, as only those defined as having a 'permanent establishment' here under the treaty can be taxed. India abolished other efforts to tax tech giants catering to Indian customers remotely by removing the equalisation levy (6% on digital advertisements and 2% on e-commerce) over the last few months to ease trade tensions with the US and to remain aligned with OECD's framework to check tax base erosion, said Amit Maheshwari, tax partner at AKM Global, a tax and consulting firm. 'However, it still has domestic rules like the Significant Economic Presence (SEP) concept and draft profit attribution rules under Section 9 of the Income Tax Act and Rule 10. For now, the profit attribution rules have not been made effective, and US-based companies can still claim tax treaty benefits in case of a SEP existing in India unless they have a permanent establishment here," said Maheshwari. On Saturday, Canada rescinded a 3% digital services tax on big tech companies that was to take effect on 30 June. This was in response to Trump's announcement on Friday that he was cutting off trade talks with Canada for going ahead with this tax. E-commerce and FDI India's proposed comprehensive e-commerce policy, which has drawn strong interest from global entities such as Amazon and Walmart, is another measure under review as the countries reassess priorities in the wake of an eventful regime change in the US. 'This may not be the right time to push ahead with the e-commerce policy discussion, given the shifting global geopolitical scenario," a senior government official said. India is also considering a tweak to its foreign direct investment (FDI) policy in retail to allow foreign investment in building inventory, which is currently permitted only for domestic players. The idea is to enable US-based retailers to invest in warehousing infrastructure. The Digital Personal Data Protection Act of 2023 took into account some of the concerns of digital economy firms. 'It is true that a lot of discussions have been happening on issues like the Digital Competition Bill and the e-commerce policy. Some of these developments may also come up during bilateral discussions with the relevant foreign governments," said Amol Kulkarni, director of research at CUTS International, a non-profit, non-governmental organization working on public interest issues. The timing and form of these policy developments can offer India leverage in these discussions, Kulkarni said. "It is for the government to strike a fine balance in these talks taking into consideration the need for policy certainty and predictability and the gains that could come to the overall economy from specific policies," said Kulkarni. 'For instance, the regulation of cross border data flow had been subject to intense negotiation and the final framing under the Digital Personal Data Protection Act 2023 was quite accommodating, however, the requirements under the Digital Personal Data Protection Rules 2025 introduce some ambiguities, which could have been avoided, in the interest of policy certainty and predictability," said Kulkarni. After signing a major tariff deal with China, President Trump has hinted at a 'big trade deal' with India too. Whether India's moves so far, including removal of the equalisation levy and pause on contentious digital rules, are enough to soften the US stance remains to be seen, said Maheshwari.

Globe Civil Projects IPO Listing Tomorrow: What Does Latest GMP Signal?
Globe Civil Projects IPO Listing Tomorrow: What Does Latest GMP Signal?

News18

time36 minutes ago

  • News18

Globe Civil Projects IPO Listing Tomorrow: What Does Latest GMP Signal?

Last Updated: The grey market premium of the Globe Civil Projects IPO currently stands at 36.62% over the IPO price., signalling strong listing gains for investors on Tuesday. Globe Civil Projects IPO Listing Date: As the allotment has been finalised, the Globe Civil Projects IPO is set to witness its stock market listing on Tuesday, July 1. Its latest grey market premium (GMP) of 36.6% indicates strong listing gains for investors. With GMP standing at Rs 26, the shares of Globe Civil Projects Ltd are likely to be listed at around Rs 97 apiece as against its IPO price of Rs 71 per share. According to market observers, the grey market premium, which shows investor sentiments towards the IPO, currently stands at 36.62% over the IPO price. It signals strong listing gains for investors. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Globe Civil Projects IPO Listing Date The shares of Globe Civil Projects Ltd are set to be listed on the BSE and the NSE tomorrow, Tuesday, July 1, 2025. Globe Civil Projects IPO: Check Allotment Status The allotment of the Globe Civil Projects IPO was finalised on June 27. Investors can check their IPO allotment status on the websites of NSE, BSE or Kfin Technologies. The status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Globe Civil Projects Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies' portal — and check the Globe Civil Projects IPO allotment status. The allotment status can also be checked on the NSE's website at Globe Civil Projects IPO: Subscription Status, Other Details The IPO was open for public subscription between June 24 and June 26. The Rs 119-crore IPO received an 80.97 times subscription, garnering bids for 94,99,76,860 shares as against the 1,17,32,392 shares on offer. The retail and NII participation stood at 53.67 times and 143.14 times, respectively. Its qualified institutional buyer (QIB) category got an 82.13 times subscription. The company's IPO is entirely a fresh issue of equity shares worth Rs 119 crore with no offer for sale (OFS) component. It proposes to utilise funds for working capital requirements, capex, and general corporate purposes. The quota for non-institutional investors garnered 8.16 times subscription, and the category for qualified institutional buyers (QIBs) subscribed 8.06 times. The portion for retail individual investors (RIIs) received 5.82 times the subscription. Its shares will be listed on BSE and NSE. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remaining funds will be used for general corporate purposes and issue expenses, according to a company statement.

How to complete online aid requests in Death Stranding 2?
How to complete online aid requests in Death Stranding 2?

Time of India

time36 minutes ago

  • Time of India

How to complete online aid requests in Death Stranding 2?

(Image via Kojima) Online Aid Requests in Death Stranding 2 are your silent threads to the world. They don't require voice chat, squads, or co-op matchmaking, but they do let you change another player's journey. Whether you're fixing a broken bridge, dropping a weapon, or setting up a shelter mid-Timefall, these requests are about one thing: building connections without ever meeting. Here's how to fulfill them and make every Like count. What Are Online Aid Requests? Online Aid Requests are asynchronous missions sent out by other players. You're not teaming up directly, but you are collaborating. Think of them as calls for help that echo across timelines. You might stumble upon them mid-journey or receive a notification during exploration. These requests range from cargo deliveries to infrastructure support, and every little bit helps. Death Stranding 2 ● How To Complete Online Aid Requests Step-by-Step: How to Fulfill Them 1. Stay Online First things first—make sure you're connected to the game's online network. If you're offline, Aid Requests won't show up. This isn't just a gameplay feature—it's the soul of Death Stranding 2 . 2. Scan the Area Your Odradek scanner is your sixth sense. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo When you're in the vicinity of a request, scan frequently to reveal the exact location and required items. Some requests are simple item drops; others may need you to build or restore something. 3. Meet the Requirements Check what the request needs. It could be a weapon (with ammo), building material, or a specific tool. Got it in your inventory? Great. If not, you'll need to craft it or grab it from a nearby terminal. 4. Locate the Drop Zone Once you're at the request site, look for the glowing circle or marker. That's your delivery point. Step inside and carefully drop the required item. If it's accepted, you'll see the 'Send Cargo' prompt. 5. Complete the Request Press Square to send the cargo. You'll see a brief cutscene where another Sam collects the item, giving you a silent but meaningful thumbs-up. Expect to earn Likes, which boost your Porter Grade. Death Stranding 2 - How to Send / Fulfill Supply Requests From Other Porters Request Types You Might Encounter Death Stranding 2 offers a variety of request types. Here are the most common: Weapon Drop-Off : Deliver a specific weapon (must have ammo). Item Delivery : Transport cargo to a marked location for another player. Structure Repair : Use materials to restore damaged player-built structures. Bridge & Ladder Builds : Create traversal tools across difficult terrain. Shelter Setups : Deploy Timefall Shelters to protect against rain. Battery Stations : Install recharge units for vehicles or gear. Combat Support : Defeat nearby enemies for a fellow porter. Storage Solutions : Build containers so players can stash extra cargo. Upgrades : Spend resources upgrading someone else's creation. Helping others in Death Stranding 2 isn't just gameplay; it's philosophy. Fulfilling Aid Requests keeps the spirit of the game alive: that even in a fractured world, connection matters. So when you see that ping for help, answer it. Someone out there will be grateful. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.

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