MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…
In this case the man who received the cash gifts formalised the transactions through gift deeds and deposited the money into his bank account. (Image for representative purpose only) You get a lot of gifts in the form of cash and you deposit the amount in your bank account. But, what if the Income Tax…
The warning comes as more than 1 billion barrels have been drawn from commercial oil stockpiles since the Middle East crisis began The global oil market is entering the winter with a much thinner safety cushion after more than 1 billion barrels were taken out of commercial stockpiles during this year’s supply disruptions, industry executives…
The Kurnool District Consumer Disputes Redressal Commission has directed the car manufacturer and its dealer to refund the ex-showroom price. (Image for representative purpose only) Buying a car is a dream, but what if you repeatedly face issues after purchase? In one such case the Kurnool District Consumer Disputes Redressal Commission has asked the car…
Domestic airlines’ operating profit to fall 10-15% this fiscal amid higher fuel costs, airspace curbs: Crisil NEW DELHI: The government is weighing a fresh mechanism to stabilise aviation turbine fuel (ATF) prices as the prolonged West Asia crisis pushes up fuel costs and puts increasing pressure on airline finances.A senior government official said the Centre…
The economy may have managed to sail through rough waters till now, but for how long without being hit? India has managed to maintain its tag of being the fastest growing major economy with its GDP growth beating estimates despite the US-Iran war posing major risks. For an economy that is dependent on the world…
Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals. (Image for representative purpose only) Government entities such as MMTC and the State Trading Corporation of India could soon be brought within the goods and services tax (GST) framework for imports of gold and other precious metals.The proposal is…
Union Minister for [Information and Broadcasting, Ashwini Vaishnaw announcing the recent cabinet decisions The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a series of measures spanning support for small and medium enterprises, integrated transport planning and logistics, and a resolution marking PM Modi’s completion of 25 years of continuous public service.The…
MUMBAI: Four trustees of Sir Dorabji Tata Trust (SDTT) on Monday hit back at vice-chairmen Venu Srinivasan and Vijay Singh, accusing them of breaching their fiduciary duties and undermining Trusts’ position against listing Tata Sons. Noel Tata, Darius Khambata, Bhaskar Bhat and Neville Tata made the charge in reply to a Sept 30 letter from…
MUMBAI: Maharashtra Charity Commissioner has asked the Sir Dorabji Tata Trust (SDTT) to respond by Oct 12 to complaints from its vice-chairmen, Venu Srinivasan and Vijay Singh, escalating an internal governance battle that could change how Tata Sons is controlled.In separate complaints filed on Sept 25, Srinivasan and Singh alleged that SDTT had exceeded its…
