The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices. Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent.

Digital payments company Paytm has now enabled users to check their credit scores on its mobile app. Users can access the service by clicking on ‘My Credit Score’ under their user profile section. Paytm-backer Alibaba’s financial services affiliate Ant Financial had launched a similar service called Sesame Credit in January 2015 for individual credit scores of customers and small business owners.

Three Indian women paddlers on Monday qualified for the main draw of ITTF World Championships on the second day of the competition at Budapest.

Suthirta Mukherjee, Madhurika Patkar and Archana Kamath have joined Manika Batra in the main draw of women's singles, while Anthony Amalraj and Manav Thakkar are just a match away from making the cut in the men's singles.

New Delhi: The Department of Telecom is learnt to have circulated a draft cabinet note for the allocation of 4G spectrum to BSNL and MTNL and implementation of a voluntary retirement scheme at the two loss-making telecom PSUs.

The department has sought comments of the key ministries on the proposals, an official source told PTI.

New Delhi: Consumers are of the view that they are benefitting from the Goods and Services Tax (GST) rate cuts now more than before as businesses and traders increasingly lower prices to the extent of the reduced tax rates, an online survey of 16,000 people has found.

The survey held by online community of consumers Local Circles has shown a steady improvement in customer experience between June 2018 and April 2019 on getting the benefit of tax cuts intended for them.

Since the Rs 29,464-crore Air India working-capital debt taken over by it is backed by a sovereign guarantee, the Centre’s special purpose vehicle Air India Assets Holding (AIAHL) is set to ask banks to cut interest rate on bulk of the loan to about 8.5% from 10.5-11% now.

The shifting of this debt to AIAHAL from the carrier was one of the steps taken to make the airline attractive to potential buyers.

The Solar Energy Corporation of India (SECI) has extended the deadline for receiving bids for the government’s manufacturing-linked solar scheme to May 14. This is the third time the SECI has extended the date – original deadline was March 18, 2019. The scheme seeks to set up 3 gigawatt (GW) of solar plants against 1.5 GW of manufacturing units.

Infosys Technologies co-founder and chairman Nandan Nilekani on Monday said India’s digital infrastructure will play a major role in reviving its economy.

Nilekani was addressing members of the Federation of Indian Chambers of Commerce and Industry (Ficci) at the national executive committee meeting on ‘Digital India and its Impact on Economy and Industry’ held in Bengaluru.

Maruti Suzuki has increased the price of its compact hatchback Baleno in the range of `13,000-20,000, after updating the vehicle with a BS-VI compliant petrol engine.

Volumes of Baleno grew 11% in 2018-19 and has a market share of over 27% in the compact hatchback segment, comprising vehicles like Hyundai i20, Volkswagen Polo and Ford Figo.

Indian markets posted their worst single-day fall in 2019 as rising oil prices hurt investor sentiment and dampened economic outlook. Brent futures rose as much as 3 per cent to $74.3 a barrel, the most since November 1, before easing off slightly, as the United States appeared to end all waivers issued to eight economies, including India, allowing them to buy Iranian oil without facing sanctions.

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