The Legal Metrology department conducted raids on jewellery showrooms on Tuesday.
A host of retailers, including India’s largest hypermarket chain, Big Bazaar, are offering increased discounts to clear out old stocks ahead of the new tax regime launch.
In its report, Citi Research said that it expects the competitive intensity in telecom sector to remain high.
With the Supreme Court banning sale and registration of BS-III vehicles from April 1, auto dealers and manufacturers are offering bumper discounts on soon-to-be obsolete models.
Hero MotoCorp, HMSI, Bajaj Auto and Suzuki Motorcycle are offering discounts of up to Rs 22,000 on BS-III models to liquidate stocks.