Top 10 biz headlines: GST Council meet, battle for 5G hots up, and more

From SoftBank's investment in Piramal to Air India moving away from Iran, Business Standard brings you top ten headlines of Friday

GST Council cracks the whip on profiteering, okays Aadhaar for registration

Plugging tax evasion and consumer welfare took centre stage in the first meeting of the Goods and Services Tax (GST) Council under the chairmanship of Finance Minister Nirmala Sitharaman on Friday.

The Council, during the half-day meeting, imposed stiff penalties on companies not passing on rate cut benefits to consumers, besides giving a two-year extension to the National Anti-Profiteering Authority (NAA), whose term would have expired in November. Read more here 

SoftBank plans to invest $1 billion in Piramal group, talks in final stage

Masayoshi Son-led