Business

The duty was imposed on 'steel and fibre glass measuring tapes and their parts and components' after the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) recommended for continuation of the duty.

These refunds have been directly deposited into the bank accounts of the taxpayers and no taxpayer had to approach the Department to request for release of refund.

Axis Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by Bajaj Finserv, HDFC, Bajaj Finance, ITC, IndusInd Bank, SBI, ICICI Bank and Reliance Industries.

Gross debt (excluding lease liabilities) as on March 31, 2020, was Rs 1,15,000 crore including deferred spectrum payment obligations due to the government of Rs 87,650 crore.

ITC was the top gainer in the Sensex pack, surging around 2 per cent, followed by Axis Bank, HDFC, IndusInd Bank, Bajaj Finance, SBI and Reliance Industries.

The provisions of the amended Indian Stamp Act, 1899, will come into effect from Wednesday.

The government in May announced a staggering Rs 20.97 lakh crore economic package, or about 10 per cent of GDP, which included Reserve Bank's Rs 8.01 lakh crore worth of liquidity measures.

S&P also put Indian Bank ratings on 'Credit Watch' because it expects a high risk that the public sector bank's credit profile could weaken over the coming quarters due to COVID-19 as well as the merger with the weaker Allahabad Bank.

The Wadhawans, now arrested, have challenged the Bombay High Court's May 12 order rejecting their plea for pre-arrest bail.

Franklin Templeton on April 23 closed six debt schemes citing the redemption pressure and lack of liquidity in the bond market.

The agency found that VIL diverted funds of SCB, London, only spending $374 million, $554.82 million and $25.25 million on its assets in Mozambique, Indonesia and Brazil respectively as against the facility of $1616 million availed by VHHL

The bank had posted a net profit of Rs 991.37 crore in the January-March quarter of the preceding fiscal ended March 2019.

Issuing a presidential proclamation, Trump on Monday temporarily blocked entries into the US through H-1B, H-2B, L and J visas. With effect from Wednesday, June 24, the visas will continue to remain suspended till the end of the year.

India has a phased plan for plants to comply with emissions standards, which involve installing Flue Gas Desulphurization (FGD) units that cut emissions of sulphur dioxide - known to cause lung diseases.

The rupee opened strong at 76.16 against the US dollar, and inched higher to touch 76.15 against the US dollar, up 5 paise over its previous close.

The investigating agency has now sought all financial documents, agreements, memorandum of understanding and others from JP Morgan India.