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Proposed tax on international card purchases may drive sale of luxury brands in India, ET Retail

Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now sto get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said.
United Arab Emirates Louis Vuitton Jimmy Choo Vivek Jalan Uzma Irfan Pushpa Bector

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Swiggy, PayU hold I-banker pitches and gear up for mega 2024 IPOs

In its last announced fund raise, Swiggy mopped up $700 mn in January 2022 at a valuation of $10.7 bn. PayU had sealed a deal with Billdesk to acquire the latter for $4.7 billion in August 2021. However, in a sudden twist, the company terminated the mega deal in October 2022.
United Arab Emirates Arvind Agarwal Sriharsha Majety Falguni Nayar Qatar Investment Authority Morgan Stanley

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