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Urban Company IPO to open on Sept. 10 Consumer services provid-er Urban Company Ltd. has fixed a price band of *98 to 103 per share for its upcoming ₹1,900 crore in-itial public offering (IPO). Investors can bid for one lot of 145 shares and in multiples of 145 thereafter. The company said it will raise fresh capital of 1472 crore and offer shares worth ₹1,428 crore for sale, assuming the shares are subscribed at the upper li-mit of the price band. Bids will open on Sep-tember 10 and close on September 12. Anchor in-vestor bidding will open on September 9.

Blow for Tesla, BMW as panel for steep levies on luxury EVs An Indian tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD. The key panel tasked with making rate suggestions to the GST Council has backed sweeping cuts to many items, but calls for raising taxes on electric cars, the government document showed

Rupee hits a new low of ₹88.09 responding to additional tariffs The Indian rupee fell 0.58% to 288.09. against the US dol lar on Thursday respond ing to the additional tariffs imposed by the United States. The domestic cur rency may depreciate further in the range of 89.5-290 against the dol lar in the coming weeks, analysts said. Currency dealers react ed two days after the U.S's tariffs on Indian goods kicked in before selling off the rupee Anindya Ban nerjee, Currency and Com modities Head of Kotak curities said that dealers were waiting to see if the central bank would step in and control the volatility "Once they realised RBI didn't, they started to sell off the rupee." The rupee depreciates when foreign exchange traders sell and Chain reaction: A further increase in exports over imports may also quicken the pace of depreciation. REUTERS Setool in the war" appreciates when they buy. He added that the RBI may not have intervened because "when there is a ...