Business

Japan's economy suffered its worst quarterly contraction in more than five years, while Singapore cut its growth forecast for this year as the virus batters the city-state's tourism and trade.

Tata Consultancy Services (TCS), HUL, ICICI Bank, Bharti Airtel and Bajaj Finance were among the other gainers.

Businesses, other than those under the composition scheme, registered under goods and services tax (GST) have to file returns (GSTR-1) showing tax liability by 11th of the following month and pay taxes by filing GSTR-3B by 20th.

According to the last available estimates, telecom operators have to collectively pay Rs 1.47 lakh crore adjusted gross revenue (AGR) dues.

The online retail industry is braced for a possible 1% tax on each sale made by sellers on their platforms from April if the proposal is approved by parliament next month.

The court had on January 28 'revived' the Aircel-Maxis cases filed by the Central Bureau of Investigation and the Enforcement Directorate against P Chidambaram and his son that were earlier adjourned 'sine die'.

The 64-year-old former Kingfisher Airlines boss said the ED and the CBI are fighting over the same assets and not treating him reasonably in the process.

Its total income fell by 5 per cent to Rs 11,380.5 crore in the third quarter of 2019-20 from Rs 11,982.8 cr in the year-ago quarter, according to a regulatory filing.

According to the latest report by environment organisation Greenpeace Southeast Asia with inputs from the CREA, the cost of air pollution borne by India from fossil fuels is 5.4 per cent of the country's annual GDP.

The Economist Intelligence Unit's baseline scenario is that the public health emergency within China will be under control by end-March.

With the twin tax system, taxpayers have wider investment options, including stock markets and debt instruments in bond markets, where returns are equal or more than traditional modes of savings, said Finance Minister Nirmala Sitharaman.

Nirmala Sitharaman also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far.

Judge David Waksman has set a six-week timeline for such a payment to be made as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when 'push came to shove'.

On the Sensex chart, IndusInd bank, M&M, Reliance Industries, Tata Steel and Bharti Airtel emerged as the top losers.

Forex traders said weak opening in domestic equities, rising crude oil prices and foreign fund outflows dragged the local unit, but weakening of the American currency in the overseas market supported the rupee.

The impact of the coronavirus on the oil market remains largely a Chinese demand story with weakening jet fuel demand and economic run cuts, RBC Capital Markets analysts said.