Sources said that out of the 258 arrested so far, at least two persons have been booked under COFEPOSA (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act) also. The drive by GST intelligence and CGST authorities is ongoing with more than 2500 case booked against 8000 fake GSTIN entities.
The automobile industry has suffered a great economic loss along with the lives of people during the coronavirus pandemic. Companies took big steps to compensate for the economic loss, but the situation is still not completely improved.
Petrol and diesel prices reached an all-time high this week. Oil marketing companies issued a notification stating that the prices of petrol and diesel increased by 25 paise.
Reliance Industries recorded strong quarterly earnings for the quarter ended on December 31, 2020. The net profit of Reliance Industries rose to Rs 13,101 crore in the quarter
Shares of Bajaj Auto were on the rise, following the strong quarterly earnings in the October-December quarter. Net profit of Bajaj Auto has been recorded at Rs 1,556 crore for the quarter.
Rates of Gold in India rose to Rs 48,610 for 10 grams of 22-carat gold. The prices for 10 grams of 22-carat gold in India was recorded at Rs 48,610.
The share prices of Biocon Limited declined following quarterly gains in the December quarter. The Biocon stock declined by over 9 percent as the net revenue of Biocon fell by 18 percent
The Indian government is planning to sell its stake in the IT major, Tata Communications Ltd. The government owns a stake of 26.1 percent in the IT firm.
Shares of Reliance Industries rose by more than 3 percent on Thursday, extending its rally over the past sessions. The shares of Reliance Industries rose to Rs 2,110 in the session.
Shares of Havells rose significantly on Thursday after the company recorded strong earnings in the quarter ended on December 31, 2020. Net revenue rose to Rs 3,165 crore.