Leading oral care products maker Colgate-Palmolive (India) has received a Rs 170 crore Transfer Pricing Order from Income Tax authorities disallowing ‘certain’ international transactions.
The maiden public issue is a complete offer for sale (OFS) by promoters and other selling shareholders with no fresh issue of equity share component, according to the draft red herring prospectus (DRHP) filed on Monday.
In the previous reporting week, the overall reserves had risen by USD 1.23 billion to USD 596.28 billion.
The initial understanding after the GST Council decision was that the implementation framework will be decided in the rules to be issued by the finance ministry.
Unveiling the bi-monthly monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das said the domestic economy exhibits resilience on the back of strong demand.
PVR Inox on Monday said the multiplex chain witnessed its highest-ever daily and weekend footfalls and box office collection in a single day across the circuit on Sunday, August 13.
States’ borrowing seen at record Rs 4.13 lakh crore in Q4
Adani Power’s consolidated net profit climbed to Rs 65.94 billion ($792.3 million) in the quarter, helped in part by a tax gain of Rs 13.71 billion.
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, reported Reuters.
India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, Reuters reports.