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Despite being second only to China in terms of gold consumption, India remains a price taker for gold in global markets. One of the reasons for this is that gold is held in physical form in our country, as there is no real opportunity of electronically holding it or trading in it. ....
Unilever may write back ₹59mn provision without ‘goodwill’ An amount of ₹186 million was accounted in 2020 for tax amortisation of intangible assets, including goodwill, related to Horlicks in India, the maker of Dove shampoo and Knorr soups said in its latest annual report. Synopsis Hindustan Unilever announced the acquisition of GSK Consumer Healthcare in an all-stock deal two years ago, valuing the Indian business of GSK at ₹31,700 crore. Unilever will write back a provision of ₹59 million (₹510 crore) from its income tax statement if a proposal in India’s latest budget to exclude goodwill from tax is enacted. An amount of ₹186 million was accounted in 2020 for tax amortisation of intangible assets, including goodwill, related to Horlicks in India, the maker of Dove shampoo and Knorr soups said in its latest annual report. ....
Centre invites bids for over 392 routes under regional air connectivity scheme Under the Ude Desh ka Aam Nagrik (UDAN), which will complete four years this year, as many as 325 routes and 56 airports have been operationalised till now. These include five heliports and two water aerodromes PTI | March 14, 2021 | Updated 11:32 IST Some operational flexibilities will be extended to airlines under the UDAN 4.1 to ensure suitable operation models to connect smaller cities/ airstrips The civil aviation ministry has invited bids for around 392 routes under the regional air connectivity scheme as part of continuing efforts to improve domestic connectivity as well as make flying more affordable. ....