Home-grown FMCG major Dabur will invest Rs 500 crore this year to expand its manufacturing capacity. This would include an investment of Rs 250 crore to set up a new plant in Assam for manufacturing personal and healthcare products.
Finance minister Arun Jaitley on Thursday said the country needs to decide if luxury goods such as gold should be kept out of the tax net, while essential items such as baby food, soaps, toothpaste and shoes face excise levy.
Are bad loans swishing about in the automobile industry? According to top financiers and bankers, bad debt is looming in Motown with financially sick dealers of top car brands totting up around 4,000-5,000 crore in bad loans with some dealerships going belly up with loans worth 200- 270 crore on average on their books.