Commercial markets across India to remain shut on February 26: CAIT

Traders' body CAIT on Thursday said all commercial markets across the countr y will remain closed on Februar y 26 in view of its 'Bharat Bandh' call demanding a review of the provisions of the goods and services tax (GST) regime. The Confederation of All India Traders (CAIT) said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the "draconian" provisions of GST.

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Eveready Industries India Ltd's consolidated net profit for the December quarter slumped 45.9% on year to 488.01 mln rupees, the company said in an exchange filing today. Revenue from operations for the quarter rose 7.2% to 3.4 bln rupees. Sequentially, the net profit fell 14.7% and revenue was down 8.7%. The company's other income rose to 113.83 mln rupees from 105.06 mln rupees a year ago.