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Fino Payments Bank said that tax authorities have arrested its managing director and CEO Rishi Gupta for violating the law related to the Goods and Services Tax.
For licensing purposes, the product had been described as a "non-fruit syrup containing 10% fruit juice", since it did not meet the higher fruit content threshold prescribed under food safety norms for a "fruit syrup".
Two housekeeping employees, working at a Central Government GST office, posed as "Intelligence Officers" and ran an extortion racket targeting city traders before being caught in Bengaluru.
Retail sales of medium and heavy commercial vehicles grew 15.4% year-on-year in January, with light commercial vehicle retail volumes up 14.9%, reflecting GST benefits.
The wholesale PV growth is likely to grow by 5-7 per cent in FY26, supported by improved affordability following GST rate cuts.
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