Consumer Goods
Vijay Mallya arrested in London in money laundering case; secures bail immediately
Tue, Oct 03, 2017
Liquor baron Vijay Mallya has been arrested in London for the second time this year in a money laundering case, a Doordarshan report claimed on Tuesday. However, he secured a bail immediately after. In April 2017, Mallya was arrested as per India’s expedition request.
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'Retailers, consumer goods cos may unlock $2.95 trillion in 10 years'
Fri, Aug 04, 2017
Retailers and consumer goods companies could unlock USD 2.95 trillion in value for the industry and consumers over the next decade by accelerating digital transformation, says a report by Accenture Strategy.
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Cigarette makers drop as GST Council hikes cess; ITC biggest loser
Tue, Jul 18, 2017
The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.
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Reckitt Benckiser denies Oxfam claims of avoiding millions in taxes
Thu, Jul 13, 2017
British consumer goods giant Reckitt Benckiser Group said on Wednesday its tax structure and practices were in line with other global businesses, denying allegations of tax avoidance in developing countries, after charity group Oxfam levelled charges against it.
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Samsung Electronics says second-quarter operating profit likely rose 72% year-on-year
Fri, Jul 07, 2017
Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 % from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins.
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Reflect price revision post GST via stickers till September 30: Govt
Wed, Jul 05, 2017
The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said
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