Business

Stocks of the product already in Sri Lanka can still be sold, but there will be no new imports of the talc, until J&J India, from where Sri Lanka imports the product, provides fresh test results.

The country's largest private sector lender ICICI Bank on Wednesday reported improvement in its asset quality with gross non-performing assets (NPAs) falling to 7.75 per cent of gross loans at December-end 2018 compared to 7.82 per cent a year ago.

Huawei is facing trouble worldwide, the latest blow being two indictments announced by the US Justice Department on charges of stealing trade secrets, fraud, obstruction of justice and of a top executive accused of violating US sanctions on Iran.

The strengthening of the US dollar against some currencies overseas and sustained foreign fund outflows weighed on the local unit.

As per the procedure, the DGAP submits its investigation report to the National Anti-Profiteering Authority (NAA), which decide on the final quantum of profiteering and the monetary penalty.

Zee had said late on Sunday that it has reached an agreement with its lenders under which the latter will not declare a default owing to the steep fall in its share prices last week.

According to sources, the meeting is part of a pre-budget exercise and was supposed to take place last week but got delayed after Arun Jaitley, who was handling the Finance portfolio, suddenly left for the US for medical treatment.

In 2017, the US lodged a written protest against India's decision to cap medical device prices, which upset American companies.

Just a month ago, economists predicted rates would start rising next quarter. But they have flipped that outlook in the first survey taken since RBI Governor Urjit Patel's sudden resignation on December 10.

The company also approved the appointment of Meleveetil Damodaran as chairman. Both appointments are effective Jan. 24, InterGlobe said in a statement.

The Central Board of Direct Taxes (CBDT) said data analysis has identified "several potential non-filers" who have carried out high value transactions in 2017-18 but have still not filed returns for AY 2018-19.

At the Interbank Foreign Exchange (forex) market, the rupee opened higher at 71.22 but came under selling pressure. It finally finished at 71.44 per dollar, down by 16 paise against its previous close.

Achieving 100 per cent household electrification was one of the aims of the present government under Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya). However, it could not meet the self-imposed deadline of December 2018.

Available data are not inclusive and does not cover many sectors and many new age industries like taxi aggregators who are reportedly engaging a million people today, Goyal said at an event here organised by Confederation of Indian Industry (CII).

During the week, the 30-share Sensex gained 378.77 points, or 1 per cent and the Nifty rose 112 points, or 1.02 per cent.

The state had, in June 2017, announced a farm loan waiver worth Rs 34,022 crore amid rising incidents of farmer suicides due to crop failures or falling prices and rising input costs.