Q322 Correct Answer is (d)

The government is planning to invite preliminary bids for 100 per cent stake sale in Air India next month and already some entities have expressed interest in the national carrier. The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

Top 10 companies that declared Sept quarter results last week

Reliance Industries Q2 profit beats estimates, Jio registers healthy growth. Mukesh Ambani-led Reliance Industries registered an 18.34 percent year-on-year growth in second-quarter consolidated profit to Rs 11,262 crore. The sequential increase was 11.46 percent.

HDFC Bank Q2 profit jumps 27 percent to Rs 6,345 crore
Hindustan Unilever meets Street expectations in Q2 FY20; net profit jumps 21 percent
Zee Entertainment Q2 profit rises 7 percent
Wipro Q2 profit rises 7 percent QoQ
Ambuja Cements Q2 net profit jumps 31 percent to 234.6 crore
ICICI Lombard General Insurance Q2 net profit up 5 percent
Mindtree Q2 Net profit up 46 percent QoQ
TVS Motor posts 20 percent jump in profit
DCB Bank Q2 profit grows 24.5 percent to Rs 91.4 crore
Federal Bank Q2 profit spikes 57 percent to Rs 417 crore

Services of printing of question papers with content supplied by educational institutions are exempt from GST- Karnataka-AAR

E-commerce giants Amazon and Flipkart have been asked to disclose names of top five sellers on their platform, price list of goods of preferred vendors and the kind of support provided to sellers. The Department for Promotion of Industry and Internal Trade (DPIIT) in separate questionnaires to these companies have also asked them to share their capital structure, business model and inventory management system.

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Q332 Correct Answer is (d)

Q307Correct Answer is (a)

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Latest Developments dt 07.09.2019

CASE STUDIES COMPILATION (Company Law) (1)

Whistle Blowed blow to Infosys: Company’s share prices plunged 16.21 per cent to settle at Rs 643.30 on the BSE. This is the sharpest intra-day fall in Infosys shares in more than six years. It erased the IT major’s market cap by Rs 53,131 crore and dragged it below Rs 3 trillion.In its filing with the exchanges, Infosys said its internal auditor EY and law firm Shardul Amarchand Mangaldas & Co would conduct an independent probe while its statutory auditor Deloitte had been informed about the investigation. Individual investors with an aggregate holding of 10 per cent and financial institutions like Life Insurance Corporation, which holds over 6 per cent, witnessed the biggest erosion in their portfolio value.ICICI Prudential Life Insurance Company, with a holding of another 1.32 per cent, was another major loser.

About 30,000 individuals who sent money abroad under the Liberalised Remittance Scheme (LRS) have come under the income tax authority’s lens for the current assessment year. The department has sent scrutiny notices to these people, seeking details of the foreign accounts, properties and shares in the relevant company abroad. Under Current Regulations the limit is $250000 per FY

Google India, the arm of the technology giant operating in the country, reported a 56 per cent fall in revenue in the year ended March 31, 2019. The fall was attributed to a new accounting standard.Revenue from advertising fell to 28 per cent from 69 per cent a year ago.The changes have happened because of changes in accounting standards from IND AS 18 to IND AS 115, according to the filing