Future Consumer reports Q4 profit of Rs 7.53 crore
Future Consumer Ltd, part of Kishore Biyani-led Future Group, Wednesday posted a consolidated profit of Rs 7.53 crore for the quarter ended March 2019. The company had posted a loss of Rs 4.05 crore in the corresponding quarter a year...
IAMAI slams GST bill, says it spells doom for e-retail
Internet and mobile industry body IAMAI representing giants like Google, Flipkart, Facebook, and Airtel Money on Monday slammed proposed Goods and Services Tax Bill saying it fails to recognise the digital economy and push back regulatory progress by decades. "The new GST Bill springs an unpleasant...
Hindustan Unilever Ltd to pay Rs 27 lakh for misleading customers
Delhi State Consumer Commission has imposed a penalty of Rs 27 lakh on Hindustan Unilever Ltd for playing a fraud on its customers by floating misleading and fraudulent advertisement on its product 'Surf Excel'. A bench of Delhi State Consumer...
No tax levy if cash payment for goods, services is less than Rs 2 lakh, clarifies CBDT
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...
Fashion & Lifestyle
TataCLiQ.com signs up 12 global brands to sell on its platform
Tata group's e-commerce venture TataCLiQ.com has partnered with 12 international brands, including New Look, Oasis, Lipsy London, Phase Eight, Hawes & Curtis, to sell on its platform. These brands will offer exclusive range of products that will be made available...
Asian Paints to invest Rs 4,000 crore in new units at Karnataka , AP
Asian Paints Ltd is investing around Rs 4,000 crore on setting up two manufacturing plants in Karnataka and Andhra Pradesh, although it has cautioned that demand conditions in the current fiscal "still remain uncertain" on account of the global...
Government notifies changes in FDI policy
The government today notified changes in the foreign direct investment (FDI) policy in sectors including pharmaceuticals, defence and single-brand retail. These decisions were announced earlier in the week with a view to make India more investor friendly and an attractive...
Bandaru Dattatreya asks Telangana government to submit new textile proposals
Union Minister Bandaru Dattatreya asked Telangana government to submit new proposals to strengthen textile and handloom industry in the state. "The Centre has earmarked Rs 6,000 crore as a special package for textile and garment sector to take it on...
Textile machinery industry doesn't see much impact from Brexit
Textile machinery manufacturers' body India ITME Society does not see any immediate threat from Brexit, its Chairman Sanjiv Lathia has said. "England is not a big buyer of textile machinery. Textile manufacturing moved away from England long ago to China....
Luminous Water Technologies eyes Rs 300 crore revenue in FY17
Luminous Water Technologies, which sells water purifiers under the Livpure brand, is looking at doubling revenue to Rs 300 crore this fiscal on the back of its robust service network and distribution presence. "We are looking at doubling our turnover...
Abhishek Ganguly Puma: We will definitely be a Rs 2000-crore offline brand this year
Abhishek Ganguly, outgoing managing director, PUMA India & South East Asia speaks to Group Managing Editor Rasul Bailay about...