During investigation, DGCEI officials allegedly found that Mondelez India had claimed excise duty exemption for its new unit in Sandoli village in Baddi relating to a period even before it came into existence, the officials said..Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Mondelez pays over Rs 400 cr to settle tax dispute involving alleged ‘ghost’ unit in India
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Meanwhile, the sharp push seen in Dollar Index in mid-June against major currency peers is a point of concern. Potential for this to extend is very much possible, given ECB’s dovish forward guidance, prompting traders to rule out a rate hike for the near term. … [Read more...] about The real culprit for fall in rupee is oil! Re headed for 70, and beyond
"Net interest margin (NIM) will moderate year-on-year (YoY) on higher slippages, while the fee income will remain under pressure in the absence of fall in advance. GNPA will increase on higher slippages from BB and below book and incorporation of divergence report," said Phillip Capital in a report. … [Read more...] about Yes Bank share price surges 7%, should you buy it?
The service was initially rolled out in Peru and offered in 10 countries, but Ersek said the arrangement has worked out so well that Amazon brought it to the United States, where financial access is still a problem for many consumers. “There are people in Tennessee, there are people in Nebraska, they really want to use cash payments or other tools,” Ersek said. “So, I think including everyone is extremely important.” … [Read more...] about Big banks vs. Big Tech: Citi’s president on the existential threat facing finance