HC restrains Balaji Wafers from manufacturing, selling & advertising Rumbles brand
The Bombay HC noted that the Balaji Rumbles design was similar to that of the Lay’s Maxx registered design, and passed the interim order last week stating that pending the hearing and final disposal of the case, Balaji was restrained from making and selling its Rumbles brand.
To boost desi companies, curbs likely on tyre, furniture imports
The government is all set to clamp down on import of furniture and certain t...
USFDA issues Form 483 with 5 observations to Biocon's Bengaluru facility
As per the USFDA, a Form 483 is issued to Biocon's management at the...
Government may get Rs 45,000 crore cushion on corporate tax cut
The govt is estimating a Rs 1 lakh cr loss due to a reduction in corporate tax, lower than what was expected.
Better distribution may ease power sector woes: ETILC
The members said that companies operating in the power utilities segment are currently cashstrapped and hence they haven’t been able to buy power from manufacturing companies. To add to the issues, the members said the country has not been investing in the current infrastructure to plug energy leakage and ensure lastmile delivery to consumers.
Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM
LPG used as fuel in automobiles or Auto LPG, which is among the cleanest alternative fuels with a Global Warming Potential of 'zero' is currently taxed at 18 per cent GST. Also, the GST rates on Auto LPG/CNG conversion kits stand at a prohibitive 2 per cent, IAC said. High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, it said in a statement.
Power generation to be termed manufacturing, pay 15 per cent corp tax
As part of efforts to incentivise the power sector and make its operations viable, the government is looking to extend the benefit of lower corporate tax to electricity generating units by qualifying their activity as manufacturing.
Adani, Azure top bidders for manufacturing-linked solar tender
Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity and Azure Power bid for 500 MW solar cell manufacturing capacity and 2 GW generation capacity.
USFDA in active mode, issues obersvations to 4 drug makers in 3 days!
SMS Pharma today informed exchanges that the United States Food and Drug Administration (USFDA) conducted a cGMP inspection at Kandivalasa, Vipanagaram, Andhra Pradesh API manufacturing facility from January 13-17.
Snapdeal to add another 5000 manufacturer-sellers to its platform in 2020
The ability to sell directly also means that producers get prompt feedback from the users, allowing them to make appropriate decisions regarding future demand and trends.
India's lack of electronics manufacturing ecosystem is hurting Isro's space plans
The absence of a robust homegrown electronics ecosystem is hurting its ambitious targets.
India proposes incentives to woo Apple, Samsung suppliers
India is mulling a plan to offer interest subsidy on local borrowing by mobile handset manufacturers.
US manufacturing slows sharply in December: ISM
Despite the disappointing result, there are indications an improved trade outlook -- after a deal with China, and another with Canada and Mexico -- could boost the sector, which has softened for nine months, according to the Institute for Supply Management's monthly survey.
Wholesale price inflation rises to 2.59% in December
A sharp rise in food articles inflation drove India’s wholesale inflation to 2.59 per cent in December, data released by the commerce and industry ministry showed.
Samsung signs agreement with Dixon to manufacture TV sets in India
ET had reported last year November about Samsung and Dixon entering into an agreement for local production of television sets in the country. This was after the government scrapped 5% import duty on open cell TV panels last September.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service