Feb 28, 2013, 08.36 PM IST
Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday
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CCI approves Diageo-United Spirits deal
Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday
Like this story, share it with millions of investors on M3
CCI approves Diageo-United Spirits deal
Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday
Diageo agreed in November to buy a 53.4 percent stake in United Spirits Ltd for USD 2.1 billion.
Also read: Diageo may remove put option from USL deal
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Increase excise duty on SUV's from 27% to 30%
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Retired Person
REACTIONS
reaction on: Business
Anirudh Dhoot
President- CEAMA & Director | Videocon
reaction on: Markets
Dipen Shah
Head of PCG(Private Client Group) Research | Kotak Securities
reaction on: Markets
R Venkataraman
Managing Director | India Infoline
reaction on: People
Marzin R Shroff
CEO - Direct Sales & Sr VP- Marketing | Eureka Forbes
reaction on: Business
George Alexander
MD | Muthoot Fin
What got Cheaper / costlier?
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