quick reads

The business wrap: Jaitley says April 1 deadline for GST is a stiff target, and 7 other top stories

The Supreme Court gave Noida realtor Supertech four weeks’ time to refund 17 buyers, and Wipro Founder Azim Premji’s office invested Rs 200 crore in Lenskart.

A look at the headlines in the sector right now:

  1. Government is running against time to meet April 1 deadline for GST, says Arun Jaitley: The finance minister admitted that India – one of Asia's largest economies – is performing 'far below its best'.
  2. Whether you sink or die, you must refund flat buyers, Supreme Court tells Noida realtor Supertech: The court gave the company four weeks to refund money to 17 people who bought flats in its Emerald Towers project, which was shut down for flouting norms.
  3. Lenskart raises Rs 200 crore from Wipro Founder Azim Premji's investment office: In May, the company had raised Rs 400 crore in its Series D round of funding led by the World Bank’s International Finance Corporation.
  4. SBI stocks hit 52-week high after it issues bonds to Yes Bank worth Rs 2,100 crore: The public bank’s shares rose 2.74% to close at Rs 266.55. The company has outperformed the Sensex in the last quarter, advancing 30.34% to the index’s 8.22%.
  5. Gujarat HC issues notices to Centre, state and Pokémon GO developer Niantic after plea filed against app: The petitioner said offering eggs, which he said were non-vegetarian, to people in places of worship was objectionable.
  6. Once bitten, twice shy, SC says while barring 2G scam-accused Essar co-founder from leaving India: The apex court bench indirectly referred to businessman Vijay Mallya, who left the country in March after he owed Rs 9,000 crore to 17 banks.
  7. Indigenous variety of GM cotton almost ready for launch, say Indian scientists: The seeds are similar to Monsanto's product, but are more pest-resistant, a Delhi University-based team said.
  8. Centre begins work on 99 pending irrigation projects worth more than Rs 77,000 crore: The programmes – expected to be completed by 2019 – will focus on India's worst drought-hit regions and bring water to 7.6 million hectares of land.
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