Jubilant FoodWorks has been slapped a notice under the GST anti-profiteering rules for allegedly not passing on the benefit of the cut in tax rate to consumers of Domino's Pizza across its outlets, according to sources.
Binani Industries Ltd will draw up a formal concrete proposal in the next 24 hours to take debt-laden Binani Cement out of the bankruptcy process and sell the company to Kumar Mangalam Birla's UltraTech Cement.
The government on Monday said it was confident of meeting the fiscal deficit target of 3.5 per cent of GDP for 2017-2018 as GST mop-up proved satisfactory in February and direct tax collections have crossed the target of Rs 9.95 lakh crore for the fiscal.
The Reserve Bank of India has allowed banks to spread provisions for bond losses in the third and fourth quarters of 2017-18 over the next four quarters, providing some relief to the lenders who have been scalded by rising bond yields.
Oil minister Dharmendra Pradhan on Monday blamed the spurt in global crude rates for the rise in local petrol and diesel prices to multi-year highs as the Opposition upped the ante against the Narendra Modi-government.
India has requested the US to exempt it from tariff hikes on its steel and aluminium exports even as it raised duties on printed circuit boards, camera modules and connectors used in mobile phones in a move that could impact Apple.