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 Mercedes sales decline over 10%, but the company expects double-digit growth this year. - BMW says 8,800 workers will face shorter hours in January - Gloom spreads on Teesside as hope on Tata fizzles - Mercedes sales dwindle in Punjab - Merc may lose top spot to BMW in India - Merc E-class eyes top slot in city again - Sales of luxury cars robust in Gujarat on Dussehra BMW India has overtaken Mercedes Benz India as the Number One luxury car major by sales in the domestic market. For the 12-month period ended December, BMW sold 3,619 units of luxury cars, while the Pune-based Mercedes Benz sold 3,247 units. This is the first time that BMW, which began operations here in 2005, has overtaken its German automobile counterpart, Mercedes Benz, which has been selling cars in the country since the 1950s.
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Stimulus packages and economic slowdown have hit the exchequer hard as indirect tax collections shrunk by 21.6 per cent to Rs 1.27 lakh crore in the first seven months of this fiscal, against Rs 1.62 lakh crore a year ago. - GST to subsume central excise, VAT among other levies - FinMin may resume release of monthly indirect tax data - Excise collections fall by 49% in North India - Excise collections growth at 32.48% - Tractors exporters to get 4% duty refund - 'EOU-made goods sold in DTA must pay 3.09 pc excise' All the three components of indirect tax — excise, customs and service tax — have registered decline in collections.
The Madras High Court today directed Ahmedabad-based Zydus Cadila (Cadila Healthcare) not to sell its anti-depressant drug, Venz (venlafaxine), in the domestic market for the time being, based on a trademark complaint from Mumbai-based Sun Pharmaceutical industries. - Zydus Cadila net up 39% to Rs 132 cr - Drug exporters plan challenges to centralised clearance order - GI protection: Gain for some, pain for others - HC stays ban on states clearing medicine export - HC recommends regulator to prohibit obscenity on Internet - HC orders notice to Chidambaram on election petition Sun Pharma had complained to the HC that Venz, a recent launch, is confusingly similar to its brand, Veniz, an established product in the market since 2001.
The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive. - Govt insurers look to revamp operations - FinMin to take up insurance cover for study loans - I-T Department serves fresh notice on DLF - Staff crunch may create hurdles: CLB chairman - Anil says he'll complain to Sebi, ICAI - ICAI seeks details of RCom"s books to nail auditor The have approached the Union finance ministry and the Prime Minister’s Office to say that the decision will affect the quality of audits. The Institute of Chartered Accountants of India (ICAI), which has been representing against this shift in policy for quite a while, has done likewise.