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Nestle India faces Rs 69 lakh tax penalty

Mumbai, March 26 (IANS) Nestle India Limited on Wednesday announced that it has been hit with a tax penalty of Rs 69.45 lakh after the Appellate Authority upheld an earlier order issued under the Customs Act, 1962.The penalty arose from a…

RBI slaps Rs 75 lakh fine on HDFC Bank for breach of norms

Mumbai, March 26 (IANS) The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender, for not complying with directions in the RBI’s Know Your Customer (KYC) master direction,…

Govt aiming to formalise 9 crore MSMEs by 2029

New Delhi, March 26 (IANS) With more than 6 crore MSMEs already registered under the Udyam and Udyam Assist (UA) portals, the government hopes to take the figure to 9 crore by 2029 as it is targeting to formalise all the MSMEs in the…