Competition Commission of India (CCI) on September 24 has imposed penalties of around ₹900 crore on three beer-making companies also as their trade association All India Brewers’ Association (AIBA) for cartelisation. The antitrust body during a statement said that SABMiller India (makers of foster beer), United Breweries (makers of Kingfisher beer) and Carlsberg India were indulging in cartelisation within the sale and […]
Gold Price Today: Yellow metal under pressure amid global growth crisis, weak economic data
Gold prices edged higher on September 24 after falling quite 1% within the previous session, helped by a subdued dollar, although Federal Reserve’s plans on reducing stimulus to the US economy kept the bullion on target for a 3rd straight week of declines. On the Multi-Commodity Exchange (MCX), October gold contracts were trading flat, marginally lower by 0.06 percent at Rs 46,030 for […]
Tax Raid At 23 Premises Of Gujarat Diamond Firm, Multi-Crore Fraud Suspected
New Delhi: The Central Board of Direct Taxes or CBDT today said the tax Department has detected evasion worth crores of rupees in raids on a number one diamond manufacturer and exporter of Gujarat. The searches were launched on September 22 at 23 premises of the group, which is additionally in tiles manufacturer , at Surat, Navsari, Morbi and Wankaner (Morbi) in Gujarat and Mumbai […]