Business

FICCI's Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) said several cases of smuggling of goods such as gold, cigarettes, liquor have been reported amid the COVID-19 pandemic.

The CBIC issued a notification, extending the deadline for filing GSTR-4 annual returns for 2019-20 by composition dealers from July 15 to August 31.

Foreign institutional investors were net buyers in the capital market on Monday, purchasing equities worth Rs 221.76 crore, provisional exchange data showed.

The veteran banker predicted a relatively quick U-shaped recovery for the Indian economy and said Aatmanirbharat goal could accelerate the achievement of USD 5 trillion dollar economy ambition.

The sale still needs to be approved by JSPL's shareholders and lenders as well as India's markets regulator, but JSPL said in a statement that it hopes it will be completed within a month.

The proposed BAT would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally made products.

States such as Assam, Goa, Gujarat and Sikkim are likely to witness a double-digit contraction in FY2021, India Ratings and Research said in a report on Monday.

On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employees across the nation video conference.

Indian dealers were offering a discount of up to $18 an ounce over official domestic prices this week, from last week's $13. The domestic price includes a 12.5% import tax and 3% sales tax.

The board also deliberated on the current economic situation and the evolving challenges posed by the pandemic.

The CEO said since the lockdown and the announcement of the loan moratorium by Reserve Bank of India there has been limited activities across the company's branches on loan disbursements and on the collections front.

Indian businesses in sectors such as automobiles, electronics, pharmaceuticals and solar energy remain heavily dependent on imports from China.

The agency believes the GDP growth would bounce back in the range of 5-6 per cent in FY22 (April 2021 to March 2022), aided by base effect and return of gradual normalcy in the domestic as well as global economy.

Nationwide protests against racial injustice and police brutality triggered by the death of George Floyd, a Black man, in police custody, have led to calls for the removal of Confederate statues and other symbols of the legacy of slavery in the United Sta...

The list also includes goods like elevators, roller bearings, valves, pneumatic tools, parts of food processing machinery and coal handling plants.

In a regulatory filing, Reliance said "the 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means."