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The new-age companies can raise hundreds of millions of dollars on the back of lofty market valuations, only to collapse when they cannot figure out how to turn profitable.
The success or failure of any transaction is dependent on the valuation which should be mutually agreeable to the parties involved
The pact between the two countries explicitly states the period up to which the levy will continue and clears any doubts among multinationals after the global tax agreement in October.
Industries can not only reduce operating costs, improve quality, and keep the workforce safer but also become the ‘factory of the world’ by adopting emerging technologies.