Creative Galileo raises $7.5 million in funding from Kalaari, others
Summary
Govt Cuts Windfall Taxes on Domestic Crude, Fuel Exports The government lowered the windfall levy on domestic crude and fuel exports on Wednesday in the first review of the tax imposed on July 1 this month as international crude oil prices softened.Volume Drops Point to Stress on Demand: Mehta Consistent volume declines, especially in rural areas, are causing stress and inflation has exacerbated that, Hindustan Unilever (HUL) managing director Sanjiv Mehta said, urging the authorities to manage interest rates without stifling growth.Global Electronics, Hardware Makers Seek PLI Payments A slew of global electronics and hardware manufacturers are petitioning the Centre for an early release of payments due to them under the countrys ambitious production-linked incentive (PLI) scheme, people directly in the know told ET.