BUSINESS

Punjab & Sind Bank declares Sintex Industries account as fraud

10:39 pm December 24, 2020

New Delhi: State-owned Punjab & Sind Bank on Thursday said it has declared the account of Sintex Industries with the total outstanding of Rs 294 crore as fraud and reported the same to the RBI. With regard to the bank’s policy on determination and disclosures of material events, it is informed that an NPA account […]

GST Council leaves tax rate on vaccines unchanged

GST collection should be highest in UP: CM Adityanath

6:33 pm December 24, 2020

Lucknow: Uttar Pradesh, being the most populous state in the country, should register the highest collection of Goods and Services Tax (GST), Chief Minister Yogi Adityanath said on Thursday and directed officials to make efforts to raise revenue receipts. He said at a review meeting that strict action should be taken against those involved in […]

I'm sure global pharma industry will support India's WTO proposal of IP waiver for COVID-19: Goyal

Consumers’ focus on local products to help create job opportunities: Goyal

6:08 pm December 24, 2020

Mumbai: Union Commerce and Industry Minister Piyush Goyal on Thursday said the focus on ‘Vocal for Local’ and manufacturing of value-added products in India can create job opportunities for the youth and boost economic growth of the country. As consumers emphasise more on quality products and services at the right price manufactured in the country, it will create more […]

India’s smartphone segment set to script double-digit growth story in 2021

12:14 pm December 24, 2020

New Delhi: When the pandemic forced people to stay indoors, smartphones became their window to the world, helping them stay connected with friends, Work From Home (WFH) and even learn new recipes. And 2021 promises to bring back double-digit growth for the smartphone industry as people embrace hybrid work models, binge on web series and […]

VW recalls Beetles to replace Takata air bag inflators

10:23 pm December 23, 2020

Detroit: Volkswagen is recalling over 105,000 Beetles with faulty Takata front driver’s air bags that can explode and hurl shrapnel. The recall covers Beetles from the 2012 through 2014 model years. Dealers will replace the front driver’s air bags at no cost to owners starting on February 12. Takata used volatile ammonium nitrate to create a small explosion to inflate the bags in […]