Business

The company, currently mired in a controversy surrounding the safety of its baby talcum powder, reported overall sales of 58.28 billion rupees ($829 million) in India.

Compliance, however, improved during the month as the total number of sales returns or GSTR-3B filed in December stood at 72.44 lakh, as against 69.6 lakh filed in November.

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth. In the first quarter of 2018-19 ending June 30, it grew at an impressive 8.2 per cent, after 7.7 per cent in the first three months of the year.

The move is likely to be followed by other lenders raising rates in the new year as cost of funds is on the rise.

Another key initiative is de-criminalisation of corporate offences, which are essentially technical or procedural in nature, under the companies law. The move will help declog special courts as well as the National Company Law Tribunal.

Revenue Secretary Ajay Bhushan Pandey said GST officials would ensure that taxpayers who are paying taxes honestly are not disturbed, but those who are defaulting in payment or not filing returns should be brought within the tax fold.

Following the interim order, the company was given opportunity to submit its explanations and it filed replies in that regard.

A comprehensive financial package, including transfer of non-core debt and assets to a Special Purpose Vehicle are a part of the plan that was announced by Union Minister Jayant Sinha in the Lok Sabha.

The new regulations follow complaints from Indian retailers and traders, who say the giant e-commerce companies are using their control over inventory from their affiliates, and through exclusive sales agreements, to create an unfair marketplace that allo...

On Monday, the rupee had recovered 4 paise to close at 70.14 against the American currency, following weak crude oil prices and the dollar's losses in global markets.

On Sunday, petrol was sold at Rs 70.07 a litre in the national capital, data on the Indian Oil Corp' website showed, and the previous low of petrol price in the national capital for 2018 was Rs 69.97 recorded on January 4.

The benchmark BSE Sensex opened on a volatile note early Monday on short-covering by investors amid weakness in Asian markets.

The official at the CDSCO, who declined to be named citing the sensitivity of the matter, said a written order had been sent to the U.S. company telling it to stop using the "huge quantities" of raw materials stocked in its plants in northern and western...

Shaktikanta Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government.

Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year, especially as US rate hikes slow, unless a new bout of currency weakness forces them to do so.

The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas ahead of US Federal Reserve Monetary policy decision Wednesday, traders said.