Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd.
The revenue growth will be 2 percentage points lower than the one observed in the preceding January-March quarter, it said, adding that this will be the first time in eight quarters that the listed companies will show a sequential decline in revenue growth.
Exports sectors, which recorded negative growth in August, include tea, coffee, rice, spices, leather, gems and jewellery, textiles, and petroleum products. 15 of the 30 key sectors recorded positive growth in August.
Uttarakhand CM Pushkar Singh Dhami participated in the roadshow organized in Ahmedabad for the Global Investors Summit to be held in Uttarakhand from December 8-9.
In June, Micron announced that it will set up a $2.75 billion assembly and testing plant in Gujarat, in what was the first marquee name to officially commit investment in India under the country’s $10 billion chip incentive scheme.
Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets.
According to the airline, the fuel charge will be based on distance slabs and will vary between Rs 300 and Rs 1,000 per sector
Inflation data released on July 12 had shown that headline retail inflation rate increased to 4.81 per cent in June from 4.31 per cent in May primarily due to a sharp increase in food inflation to 4.49 per cent from 2.96 per cent.
LIC’s shares opened higher at Rs 666 and soon climbed 5.8 per cent to hit an intraday high of Rs 679 on NSE.
At the meeting, it was discussed that ‘mule’ bank accounts, which are typically bought over by fraudsters from their original users should be closed, since they often form the bedrock of accounts into which money gathered through online scam is deposited.