A case was registered against Burman under the Income Tax Act for the offences relating to concealment of income and tax evasion.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
The issue of pollution caused due to the non-degradable material is keeping consumer goods majors - from ITC and Dabur to Nestl and PepsiCo - on their toes.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
While both Dabur and HUL have been aggressive in the 'naturals' market with new launches across its portfolio, unchecked distribution expansion and inconsistent quality of products have also been at the heart of Patanjali's problems.
The court had earlier allowed Burman twice to go abroad, including a trip to London to attend his ailing brother there.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
Three stockmarket experts give their best picks for the New Year.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Falling incomes and longer winter to translate into lower demand for at least some months.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
The biggest challenge is crude oil's sustained rally - it is nearing $80 a barrel - stoking inflationary pressures and consequent price hikes in the sector.
Fast-moving consumer goods companies have begun assessing the impact of the rate structure declared on Thursday under the goods and services tax.
Most analysts as well as company executives say the rally in commodity prices is ill-timed coming just when firms were recovering from disruptions such as demonetisation & introduction of GST
Although large companies like Nestle, Dabur or HUL have been impacted by this slowdown in demand, it was the small, local players that have been hit harder.
According to the IT department's complaint, Burman was holding foreign bank accounts but he had not disclosed about it in his income tax returns and there were undisclosed deposits in those two accounts.
His remark comes hours after the government disclosed before the Supreme Court eight more names, including that of Pradip Burman, one of Dabur India promoters, a bullion trader and a Goa miner against whom it has started prosecution for allegedly stashing black money in foreign banks.
IT, pharma and FMCG stocks are the top performers in 2013.
The government on Monday disclosed before the Supreme Court eight more names including that of Pradip Burman, one of Dabur India promoters, a bullion trader and Goa miners against whom it has started prosecution for allegedly stashing blackmoney in foreign banks.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
Ramdev's company remains a dominant player in the naturals space, but products of rivals are also gaining popularity.
From anti-profiteering to affixing stickers on existing stocks, FMCG companies are bracing for new set of GST challenges
Baba businesses are sprucing up their act as they expand product portfolios and enhance brand image
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
These consistent performers are expected to maintain momentum.
After being cornered by Patanjali and macro-headwinds, ayurveda major Dabur is pulling up its socks. With better sales and improved margins, the firm is now looking to leverage the renewed popularity of ayurveda, mostly ignited by rival Patanjali. Sunil Duggal, bottom, left, chief executive officer, Dabur India, shares his plans and insights with Arnab Dutta.
As many as 14 Indian families have made it to the inaugural list of Forbes' 50 richest families in Asia.
It's puzzling why Indian cos keep their acquired brands out of play.
Excise duty on most products has been capped at 12.5 per cent
India on track to be third largest consumer economy by 2025.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its president A M Vikrama Raja declaring drinks as 'toxic' for consumption.
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
'Hardly any aqua centres exist in India though they are popular abroad.' 'Water is known for its buoyancy which reduces pressure on joints. So, you can exercise effectively underwater, provided you have the right experts guiding you,' Harsh Mariwala tells Viveat Susan Pinto.
A summary of sports events and persons who made news on Tuesday
