So here we are with important updates of last week, as we promised.
Food & Hotel Industry
Zomato acquires uber eats India operations.
I-T raids at Bharat Group, undisclosed foreign assets recovered.
Raids on Lalit hotels group, promoter led to Rs 1,000-cr black foreign assets: CBDT.
IHG plans mid-scale hotels in small cities to counter slowdown.
Chalet Hotels inks pact to acquire Belaire Hotels for enterprise value of Rs 290 crore.
Several existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no communication so far about reduction in client-facing roles.
Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut India.
Taxation & Laws
Income tax dept warns taxpayers of phishing mails; lists out genuine senders.
Now you can lock your Addhar number, UIDAI launched its new feature to Link your Addhar number.
GSTR 3B due dates has been changed.
Government Cracks Down On Jewellers Who Made Unaccounted Deposits During Demonetisation.
NCLAT halts insolvency proceedings against Raheja.
Tax Authorities To Block GST Credit Of Over 1,000 Taxpayers,The Central Board of Indirect Taxes and Customs has asked every Commissionerate to identify top 20 taxpayers who have the highest discrepancy in input tax credit based on the purchase-related GSTR-2A and summary GSTR-3B returns, the official said on the condition of anonymity.
The tax department on Friday raised Goods and Services Tax collection target to Rs 1.15 lakh crore over the next two months and Rs 1.25 lakh crore for March month by checking fraudulent input tax credit claims.
FMCG
Amazon, Flipkart eyeing refurbished goods market in India: Will the bet pay off?
The aim is to push HUL to No 2 in five years: Ramdev.
Procter & Gamble, owner of the Pantene shampoo and Tide detergent brands, said its India business has slowed due to monetary policies that impacted liquidity in the market.
Patanjali group eyes Rs 25k crore turnover in FY20.
Cement demand may rise by up to 6% on govt’s mega infra push.
Banking & Finance
Operations may be impacted due to bank unions' two-day strike: SBI.
HDFC to tap Egon Zehnder to identify Aditya Puri's successor.
Banned cryptocurrency to uphold integrity of banking system: RBI.
India Inc seeks liquidity boost for NBFCs, HFCs
Axis Bank files insolvency plea against RPower arm.
ICICI Bank introduces cardless cash withdrawal facility through ATMs.
Telecom industry
PIL filed in SC against DoT for not taking coercive action on AGR dues.
India Ratings and Research (Ind-Ra), has downgraded its rating on Non-Convertible Debentures of Rs. 3,500 crores of erstwhile Vodafone Mobile Services Limited (since merged with the Company),” said the telco in a regulatory exchange on Friday .
TRAI extends deadline for comments on tariff offers paper
Even bailout attempt won’t help Vodafone Idea compete with peers: Analysts.
Bharti Airtel regulatory head Ravi Gandhi quits.
Vivo's sub brand, iQOO set to enter India with 5G smartphone.
AGR dues: Reliance Jio meets Supreme Court deadline, Airtel seeks time.
Automobile industry
MG Motor India eyes increasing production of SUV Hector by up to 30%.
Maruti Suzuki begins export of S-Presso.
ZS EV: MG Motor India launches its first EV at Rs 20.88 lakh, receives 2800 bookings.
Tata Motors' Tiago, Tigor score 4-star in crash test: Global NCAP.
Maruti Suzuki sells 5 lakh BS-VI vehicles ahead of implementation of new emission norms.
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan.
Car makers to stop BS-IV production ahead of March 31 deadline.
Every Sunday we will update you with all the important stuff that happened last week.
With every update, we will try Taxgen to make more informative source for you.
Regards: Team Taxgen.
Have a great week ahead.
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