Tuesday, Nov 21, 2017 | Last Update : 09:19 PM IST

Economy

The rural FMCG market in India is expected to grow at a CAGR of 14.6 per cent, and reach USD 220 billion by 2025. (Photo: Pixabay)

Indian retail market expected to reach $1 trillion by 2020

Retail and FMCG markets in India are exponentially growing and are expected to grow at 20 per cent and 21 per cent.

The Income Tax Department has slapped criminal charges under the new anti-black money Act and launched fresh assessment of stashed offshore income against over half-a-dozen Indian entities named in the Panama Papers.

Panama Papers: Taxmen slap criminal charges under anti-black money Act

Sources said the tax department has ordered fresh assessment and also re-assessment of the income of these entities.

The GSTN will launch a facility for businesses to edit their August and September GSTR-3B return forms from November 20. (File Photo)

GSTN to launch facility for businesses to edit Aug, Sept GSTR-3B

The initial sales return in the Goods and Services Tax (GST) regime is filed by businesses in form GSTR-3B.

While the recently announced cut in the GST rates for most mass consumption items could provide some respite.

RBI unlikely to slash rate till March, say analysts

CPI inflation is likely to rise above 4 per cent by the end of this year.

The finance ministry has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again. (Photo: PTI)

Finance ministry asks banks to prevent defaulters from buying stressed assets

It has been brought to the notice of the ministry that some wilful defaulters are making bids to buy assets cases referred under IBC.

Market

 On Friday, gold jumped about 1.3 per cent to nark a one-month peak of $1,297. (Photo: Representational/AFP)

Gold down on firmer dollar but stays close to one-month peak

Spot gold had edged down 0.2 per cent to $1,291.71 per ounce by 0417 GMT.

The market got off to a muted start on Monday on weakness in IT and metal stocks. (Photo: PTI)

Sensex loses sheen; IT, metal stocks register losses

Among major Sensex losers, Cipla, ICICI Bank, Infosys, Tata Steel, M&M and SBI fell by up to 0.99 per cent.

The rupee depreciated by 17 paise to 65.11 against the US dollar in early trade on Friday. (File Photo)

Rupee weakens 17 paise against US dollar in early trade

On Thursday, the rupee had firmed up by a modest two paise to end at 64.94 against the US currency.

The rupee firmed up 5 paise to 65.06 against the US dollar on Tuesday. (Photo: AP)

Rupee strengthens 5 paise against US dollar to 65.06

On Monday, the rupee had retreated from its near one-week high and ended lower by 10 paise at 65.11.

Companies

India is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year. (Photo: PTI)

India seeks hefty dividends from state firms as its revenues falter

India’s federal budget is under pressure this year following an unexpected slump in economic growth.

 Uber on Thursday said it will not levy dynamic or surge pricing during the odd-even car rule implementation in Delhi next week. (Photo: AFP)

Uber takes a stand for Delhi, suspends surge pricing during odd-even scheme

The odd-even car rationing scheme will be rolled out in Delhi from November 13 as part of its pollution-tackling plan.

Former chief financial officer of Infosys, V Balakrishnan.

Hiring in IT firms will be slower, says V Balakrishnan

Former Infosys CFO, V. Balakrishnan, however, appeared positive about the industry’s growth prospects next year.

Uber Technologies Inc’s warring board members have agreed to investment by SoftBank Group Corp in the ride-services company. (Photo: AFP)

Uber board strikes agreement to pave way for SoftBank investment

The agreement struck on Sunday removed the final obstacle to allowing SoftBank to proceed with an offer to buy to stock.

New India Assurance Co Ltd’s shares fell as much as 10 per cent on their trading debut on Monday after a $1.5 billion initial public offering. (File Photo)

New India Assurance shares fall on trading debut after USD 1.5 billion IPO

New India’s IPO was the second-biggest in the country this year after state-run General Insurance Corp’s initial share sale.

Autos

Renault is planning to compete with the more premium SUVs, like the Hyundai Creta, in the Rs 12-15 lakh price bracket.

Renault to launch Captur on November 6

Display units of the new premium SUV from Renault will be available in showroom on the same day.

Yamaha’s Cross Hub is first of the three concept cars to have come without any design inputs from noted designer Gordon Murray.

Yamaha pickup truck showcased at 2017 Tokyo Motor Show

The Japanese bikemaker has unveiled a pickup that can carry four people and two motorcycles.

The Ninja 1000 ABS draws power from a 1043cc engine which makes 141.9PS of power at 10000rpm and 111Nm of torque at 7300rpm.

Kawasaki adds new colour option for Ninja 1000, limited edition for Z900

Kawasaki Ninja 1000 is priced at Rs 9.98 lakh (ex-showroom Delhi).

 The Tigor AMT will further strengthen the company's addressable market range.

Tata Motors launches Tigor AMT priced up to Rs 6.22 lakh

The new AMT cars will be on sale across the country in over 600 Tata Motors sales outlets.

In Other News

(Representational image)

Construction equipment loans see improvement

Freight rate remained largely flat, with an average rise of about 2 per cent on a YoY basis from July 2016 to July 2017.

According to the US FDA guidelines, a recall under Class-III classification would mean the use of such drug may not cause adverse health consequences.  (Photo: AFP)

Dr Reddy’s Laboratories drug fails tests, recalled

this is the third product recall by Dr Reddy’s Labs in 2017 due to quality issues.

It calculated around $1.7 trillion needs to be refinanced or paid back before the end of 2018 across developing economies.

Worldwide debt rises to $226 trillion

Years of cheap central bank cash has pushed stock to new high.

The smooth functioning of the GST Network is important for the business people because any delay in filing returns — even due to network issues — would lead to penalties.

Traders worship GST portal!

GST has become a buzzword for difficulties being faced by small entrepreneurs.

 The average waiting list has gone down considerably from last year. (Photo: File/Representational)

Chances of confirmation of wait list tickets during holidays now high: study

Cancellation of wait list tickets was as high as 25.5 per cent during Diwali of 2015 because of non-confirmation.