By Brendan Pierson Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge July 1 – A Delaware judge rebuffed a request by GSK and other drugmakers to appeal a ruling allowing more than 70,000 lawsuits claiming that the heartburn drug Zantac caused cancer to go forward. The ruling by Judge Vivian Medinilla of the…
Air India on Monday announced its plans to set up a flying training organisation (FTO) in Maharashtra’s Amravati, and make it operational by early 2026. The company claims it will be South Asia’s largest such facility. An Air India Airbus A350 aeroplane at Begumpet airport, Hyderabad. (Reuters File Photo) The FTO’s target will be to…
Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved tax buoyancy and increased states’ revenues, but fake invoices and fraudulent registration remain a big challenge for policymakers trying to curb tax evasion. Goods and Services Tax (GST) streamlined 17 taxes and 13 cesses into a 5-tier structure, simplifying the tax…
Online food ordering and delivery platform Zomato has received a GST (Goods and Service Tax) demand notice of ₹9.5 crore, it said in a filing on Sunday. Zomato said that the demand is for the fiscal year 2019-20 following an audit of GST returns and account(Unsplash) The notice, received on Saturday, demands a GST amount…
ITC saw 68 more executives getting a one crore and above salary in the financial year 2023-24, Business Standard reported, citing the tobacco and consumer goods conglomerate’s annual report. A woman poses with a cigarette in front of ITC Limited logo in this illustration. (Dado Ruvic/Reuters) This was a 24.11% increase compared to the year…
A seven day waiting period will be applicable from July 1, instead of the previous 10 day period, for an already swapped or replaced SIM card to be eligible for porting, The Telecom Regulatory Authority of India (TRAI) announced on Friday, adding that this is to reduce inconveniences for users due to the waiting period….
The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report. India’s growth is expected to be supported by a good Rabi harvest and normal monsoons (Reuters) Also Read: India’s nighttime shopping…
India is working on reducing the paperwork required for foreign investors to buy India’s sovereign bonds, Bloomberg reported, citing an unnamed source. This comes after a Bloomberg report depicted how foreign investors find it difficult to invest in India due to the heavy paperwork involved. India’s inclusion in JPMorgan’s emerging market bond index is projected…
Capital markets watchdog Sebi on Thursday decided to regulate financial influencers or finfluencers amid growing concerns about potential risk associated with such persons. SEBI logo outside the regulators’s office (HT photo) Why is SEBI regulating finfluencers? In order to address the concerns related to certain persons including unregulated entities inducing investors to deal in securities…
Kumar Mangalam Birla’s UltraTech Cement is acquiring a 23% stake in Chennai-based India Cements to counter the Adani Group’s buying spree, as the battle to dominate India’s cement sector, particularly in South India, intensifies. A man cleans an Expert Testing Van of UltraTech Cement outside a cement store in Ahmedabad. (Amit Dave/Reuters) How much will…
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