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Jubilant gets GST notice

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.
Apr 04, 2018 00:00 IST

Settlement cue in Binani

The National Company Law Appellate Tribunal (NCLAT) on Tuesday asked the parties in dispute over the sale of debt-ridden Binani Cement to amicably settle their differences.
Our Bureau Apr 04, 2018 00:00 IST

Ola acquires transport ticketing app Ridlr

Cab aggregator Ola today said it has acquired Ridlr, an end-to-end public transport ticketing and commuting app.
Apr 03, 2018 15:40 IST

Three-way race for Essar Steel

Vedanta Ltd and JSW Steel have joined the race to acquire Essar Steel under a court-led bankruptcy process, stiffening the competition for the world's largest steelmaker ArcelorMittal.
Our Special Correspondent Apr 03, 2018 00:00 IST

Fillip for UltraTech's Binani bid

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.
Our Special Correspondent Apr 03, 2018 00:00 IST

Revenues to help meet deficit goal

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.
Our Special Correspondent Apr 03, 2018 00:00 IST

Bond breather for banks

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.
Our Special Correspondent Apr 03, 2018 00:00 IST

Centre rules out cut in fuel excise duty

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.
Our Special Correspondent Apr 03, 2018 00:00 IST

India seeks US tariff hike relief

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.
Jayanta Roy Chowdhury Apr 03, 2018 00:00 IST

ICICI stock plunges

Shares of ICICI Bank on Monday cracked nearly 6 per cent over the alleged conflict of interest involving its CEO Chanda Kochhar and the Videocon group.
Our Special Correspondent Apr 03, 2018 00:00 IST

Core growth at 5.3%

A spike in cement and fertiliser production has helped to push up infrastructure sector growth to 5.3 per cent in February.
Our Special Correspondent Apr 03, 2018 00:00 IST

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