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Hindustan Unilever

GST anti-profiteering case: Hindustan Unilever to take legal route against NAA order

Hindustan Unilever argued that it has always accepted Goods and Services Tax (GST) as a progressive tax which will benefit consumers and the industry both. Dec 27, 2018
Apple, iPhone XR, PRODUCT RED, World AIDS Day

iPhone made in Chennai: Foxconn to make high-end Apple devices in India - Report

In all probability Apple would look at exporting units made locally as cost-sensitive India is not yet a major market for it. Dec 27, 2018
Baba Ramdev and Acharya Balkrishna

Patanjali sales slump for first time since 2013 due to stiff competition and distribution issues

The reasons attributed to the dip in sales and profits include stiff competition with many rivals companies, mostly multinationals, an introduction of natural and herbal products as well as its own distribution issues post-GST rollout. Dec 27, 2018
Huawei

Trump to invoke national emergency to ban China's Huawei and ZTE in US

In August, President Trump signed an order banning US government and government contractors from using Huawei and ZTE equipment. Dec 27, 2018
india online retail, offline stores in india, ecommerce market in india, india etail stores, flipkart, snapdeal online sales, amazon india online sales

Centre's e-commerce policy tweak an election year tactic to please core constituency?

Narendra Modi government may have bowed to pressure from BJP's core constituency of offline small traders and businessmen battling online platforms Dec 27, 2018
Former RBI Governor Bimal Jalan

Jalan panel faces tough task of deciding adequate RBI reserves

Growing global uncertainties in a multi-polar world will make it difficult to arrive at the right amount of risk provisioning. Dec 27, 2018
hul, hul q4 results, hul net profit, hul and patanjali, hul products, hul share price, hindustan unilever, fmcg companies in india, dabur, patanjali ayurved

Hindustan Unilever fined Rs 383.35 crore for GST profiteering

It is to be noted that this is the highest fine imposed by the NAA for profiteering complaint against any company which is more than double the amount it has already deposited in the Central Consumer Welfare Fund. Dec 26, 2018
Gopalpur port, which was hit by two cyclones in 2013-14, has commenced normal operations in December last year.

Indian Oil drops plan to buy Mundra LNG terminal stake

State-owned oil major had finished due diligence after receiving board approval last year for taking 50 per cent stake in GSPC LNG's Rs 5,000-crore project. Dec 26, 2018
Arun Jaitley with Narendra Modi

Problems in telecom, aviation and real estate sectors affecting revenue collections: Arun Jaitley

The Union Finance Minister says excessive competition has led to a decline in tariffs affecting GST collection from several service industries. Dec 26, 2018
gold bond scheme gold smuggling modi government tranche issue sixth tranche rbi sgb scheme rate price interest bullion prices market nse price market gm

Gold surges across Asia as bears dominate equities

Traders seek out safe haven over US worries setting bullion on course for biggest monthly advance since August last year. Dec 26, 2018
Toyota, Suzuki, Baleno, Corolla

Are Tata and Mahindra pushing Toyota and Suzuki into a hasty alliance deal?

Tata Motors and Mahindra, which are duelling for the third spot in the Indian auto market, are now looking at adding value to their Indian offerings with the help of technological advancement that come from their foreign brands. Dec 26, 2018
Huawei

Chinese firms come out in support of Huawei, no promotion and incentives to employees using iPhones

While some firms in China are reportedly providing subsidies to workers purchasing Huawei phones, others are said to be more aggressive in their stand against the US and Apple products and denying workers promotions and incentives if they use iPhones. Dec 26, 2018
weird news, gold bars, gold prices, golds jewellery, gold weapons, gold car, gold dragon, gold reserves, gold lingerie

Gold holds near six-month peak on weak risk appetite

Gold prices inched lower on Wednesday as the dollar firmed but hovered near a six-month high, supported by political instability in the United States and concerns about a global economic slowdown. Dec 26, 2018
X-ray

Max India to sell health-care assets to Radiant Life Care

The KKR-backed firm will pick up 49.7 per cent in Max Healthcare for $293 million in the first stage to create an entity with a valuation of Rs 7,242 crore. Dec 26, 2018
hul, hul q4 results, hul net profit, hul and patanjali, hul products, hul share price, hindustan unilever, fmcg companies in india, dabur, patanjali ayurved

GST rate cut: Anti-profiteering watchdog fines HUL Rs 383 crore

NAA took note of consumer goods giant's failure to pass on to consumers benefit of GST reduction from 28% to 18% on some items last year Dec 26, 2018
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