The budget may tackle some hurdles that crop up as one looks at the International Financial Services Centre (IFSC) in GIFT City as a quasi-foreign territory through the prism of the Foreign Exchange Management Act (FEMA), but a domestic area under tax laws and other regulations.
Abu Dhabi Investment Authority (ADIA) is in advanced discussions with Lenskart and its existing stakeholders for an investment of $350-400 million, the largest fundraise by the omni-channel eyewear retailer, said people aware of the development.
The Tata Group aims to open small exclusive Apple stores across the country, two people aware of the development said.
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