Feb 16, 2017 at 21:18 | Source: CNBC-TV18
News from the north block, the latest data from the finance ministry shows that domestic and multinational companies owe a staggering Rs 6 lakh 89 thousand crore to the tax department in outstanding arrears. The tax department has already sent a missive to the companies asking them to pay up.
Feb 15, 2017 at 16:44 | Source: CNBC-TV18
The Central Statistical Organisation (CSO) may project FY17 gross domestic product (GDP) growth at 6.8- 6.9 percent in its second advance estimates, say government sources to CNBC-TV18. CSO will release the numbers on February 20.
Feb 09, 2017 at 12:19 | Source: Moneycontrol.com
ITC is in the process of hiking prices of some of its cigarette brands. Distributors and dealers claim that the new packs with higher prices will hit the market in a few days. In the premium category (Classic) the price hike is 13 percent.
Feb 08, 2017 at 15:45 | Source: Reuters
The Central Board of Excise and Customs imposed provisional anti-dumping duty late Tuesday on imports of the steel products from China, Japan, Korea, among others, the notification showed.
Feb 03, 2017 at 13:54 | Source: PTI
The Federation of All India Farmer Associations (FAIFA), a body representing farmers across states, including Andhra Pradesh, Telangana, Karnataka and Gujarat, said the increase in excise duty on cigarettes will lead to further drop in earnings of domestic tobacco growers.
Feb 01, 2017 at 20:18 | Source: PTI
To promote ebergy efficientlighting, the government today cut excise as well as importduties on input materials used to produce LED lamps, which hasbeen hailed by the industry.
Feb 01, 2017 at 16:44 | Source: PTI
Giving a boost to clean energy programme, Finance Minister Arun Jaitley today proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar park development for 20 GW capacity.
Feb 01, 2017 at 15:29 | Source: Moneycontrol.com
Cigarette major ITC shares hit record high of Rs 269.50, up 4.5 percent intraday Wednesday as excise duty hike was within the analysts' expectations limit.
Feb 01, 2017 at 13:45 | Source: Moneycontrol.com
ICICI Bank, ITC, SBI, HDFC and GAIL are top gainers while TCS, Dr Reddy's Labs, Infosys, Sun Pharma and Lupin are losers in the Sensex.
Feb 01, 2017 at 10:50 | Source: Moneycontrol.com
ITC is up 1 percent as it is likely to benefit if excise duty on cigarettes is hiked by 8-10 percent. Edelweiss says 8-10 percent excise duty hike may lead to single-digit volume growth versus negative growth.