He said Godrej Consumer Products competes with Patanjali only in the toilet soap segment and the Uttarakhand-based company's presence in that category is still relatively small.
For 2016-17, the government has set a fiscal deficit target of 3.5 per cent.
The Commission has written letters to the chief ministers of 12 drought-affected states to reimburse the fee and education entitlements such as school bags, uniforms, notebooks, under the Sarva Siksha Abhiyan.
India's GDP numbers for quarter January-March stood at 7.9 per cent as against 7.3 per cent in October-December, thereby making it the fastest growing economy in the world.
The output expanded 2.7 percent for the fiscal year 2015-16 that ended on March 31, compared with a 4.5 percent growth in the previous fiscal year.
The SGB scheme was launched in November, 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings used for purchase of gold, into financial savings.
A Memorandum of Understanding has been signed between the two parties.
The company had clocked net loss after tax, minority interest and share of loss of associates at Rs 891.90 crore in the corresponding quarter of the 2014-15 fiscal.
The deal underscores Nestle's ambitions for its Health Science division, which it believes could eventually generate more than 10 billion Swiss francs ($10 billion) in annual sales.
Finance Minister Jaitley stated that efforts are on to make India the most advantageous tax jurisdiction
As the previous board dissolved following a parliamentary inquiry into the state fund, Malaysian Finance Ministry appointed a new board of directors for scandal-hit 1 Malaysia Development Berhad.
Paytm's tie up with Hindustan Petroleum will eliminate the hassles associated with using cash for paying fuel bills, and further cement its stronghold in the digital wallets with a user base of 120 million.
The monthly drop of the yuan in May is likely to exceed its December decline of 1.5 per cent, when the Federal Reserve interest rate hike that month had led to a record monthly fall in China's forex reserves.
In a turnaround of its struggling domestic unit, the Tata Motors Group recorded an improvement in its net profit by three-fold to Rs 5,177 crore in three months till March, from over Rs 1,717 crore a year ago.
Wal-mart's overall online share is tiny in China and analysts say its going to be hard to match up to the big Chinese giants, even as Wal-Mart steps up efforts to get a bigger share of the online business.
The agreement now excludes one DT Savitri screen and six DT Saket screens from the transaction that had been agreed upon in June, 2015, for Rs 500 crore.
As Finance Minister Arun Jaitley is on a six-day tour to Japan, he focuses on structural and market oriented reforms, development in rural areas and social securities and stepping up of infrastructure spending.
Such sites generally provide the bulk of traffic to pharmacies and drug makers selling online.
Upbeat data on strong Australian exports shook the market's expectations for another interest rate cut this year, sending the Australian dollar rallying more than half a US cent to a high of A$0.7240.
Stocks of auto, consumer durable, banking, FMCG and power sectors trading in positive zone, rising by up to 1.94 per cent.
The benchmark BSE Sensex rose by 111.60 points, or 0.41 per cent, to 26,837.20 in early trade Tuesday.
India's growth rate at 7.5 per cent between January and March, contrasts with neighbouring China, where growth has slipped to 6.7 per cent in the first quarter - the slowest in seven years.
Former Union law secretary TK Viswanathan said the law also allows workers of a company to initiate voluntary liquidation proceedings.
In a conference call with investors, Anant Talaulicar, VP & CMD, Cummins India, said, “the rationale is simple, you know, the line at Kothrud is now an — fairly old line, it does not have any more capacity.
The road ministry, NITI Aayog said on its Twitter account, will push the hybrid annuity and build-own-transfer models to attract private capital in the sector.
Indo-US bilateral trade currently stands at around $107 billion and both President Obama and Prime Minister Narendra Modi have targeted to take it to $500 billion.
Commerce and Industry Minister Nirmala Sitharaman on Monday said her ministry has taken a line that the 30 per cent local sourcing requirement can be waived off for high-end technology products.
The total expenses increased to Rs 5,219 crore in the reported quarter as compared to Rs 4,722 crore in the same period of last year, the company said in a filing to the BSE.
Firms raked in Rs 4,92,047 crore in 2015-16 through private placement of corporate bonds, as per a report by Prime Database.
The ban on sale of large diesel cars and sport utility vehicles with engines of two litres or more was first imposed in December.
The NSE Nifty was trading higher by 38.20 points, or 0.46 per cent, at 8,194.85.
CIL reported a 3.99 per cent year-on-year rise in its net profit to Rs 14,274.29 crore for 2015-16, compared with Rs 13,726.61 crore in 2014-15.
In an interview with Pranav Mukul, Trai Chairman RS Sharma said that the regulator was exploring a toll-free number equivalent for data services.
Former ED of a PSU bank, shunted out for dubious Dubai jewellery loan, also in race for top position.
Housing.com's revenue grew 200 per cent month-on-month as the company is on track to achieve $10 million in revenue this fiscal year.
Reports suggest Flipkart is not the only company from e-commerce and related sectors to have deferred the joining dates for their campus hires and there are many others including InMobi, CarDekho and Hopscotch.