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Govt allows MSMEs to avail non-tax benefits for three years

The Centre has notified that all registered micro small and medium enterprises (MSMEs) would be allowed to avail of all non-tax benefits for three years instead of one year, even after upward graduation in their category and consequent reclassification.

Adani Defence Systems & Technologies to acquire Air Works for Rs 400 crore

Adani Defence Systems & Technologies (ADSTL) has signed definitive agreements to acquire Air Works in a Rs 400 crore deal. The company said on Tuesday that Air Works was the country's biggest and most highly-diversified independent maintenance, repair, and operations (MRO) with the largest pan-India network presence across 27 cities.