There are three pharmaceutical bidders for debt-ridden Orchid Pharma Ltd in the second round of Corporate Insolvency Resolution Process (CIRP) — Gurgaon-based Dhanuka Laboratories, Chennai-based Accord Life
Month: June 2019
Fiscal Deficit: Budget 2019: Why Sitharaman doesn’t have much leeway on fiscal deficit – The Economic Times
By C Rangarajan & D K Srivastava GDP growth fell to 6.8% in 2018-19, as per provisional Central Statistics Office (CSO) estimates. RBI, in its
PM Modi asks top officials to come out with five-year plan for each ministry, impactful decisions – The Economic Times
Prime Minister Narendra Modi Monday asked top bureaucrats to prepare a five-year plan for each ministry with well-defined targets and milestones in sync with the people’s mandate
Two operational creditors take Jet to NCLT, hearing on June 13 – The Economic Times
Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India. In a major setback to
Donald Trump says Federal Reserve is ‘very, very destructive’ to economy – The Economic Times
ASHINGTON: President Donald Trump said Monday the US central bank has been “very, very destructive” to the economy by raising interest rates too quickly. Trump has repeatedly
New NPA norms balanced, offer banks, borrowers a big breather – The Economic Times
Analysts at rating agency CrisilNSE 1.24 % and American brokerage BofA-ML Monday termed the new bad loan resolution framework issued over the weekend as “balanced” as it gives a
Income tax notice | ITR filing: Don’t make these mistakes to avoid getting tax notice–Economic Times
Here are some tax filing mistakes that can result in a notice and the steps taxpayers should take to avoid getting one. Highlights The tax
SME: Raising capital: SME IPO may be a good choice for small businesses–Economic Times
In India, an SME exchange functions within a recognized stock exchange or the main exchange such as the BSE Limited and the National Stock Exchange
MSME: Centre planning to integrate MSMEs with big enterprises–Economic Times
While tech companies get a chance to wire up a new set of customers, consumer goods firms, including HUL & Future Group, are hoping to
IL&FS may file contempt plea against lenders for withdrawing Rs 800cr during moratorium – The Economic Times
Lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. Debt-ridden IL&FS is likely to file a contempt
Jaypee Infra insolvency: Lenders reject NBCC bid — key details – The Financial Express
As many as 13 banks and over 23,000 homebuyers have voting rights in the committee of creditors (CoC) of Jaypee Infratech. A majority of Jaypee
Battleground kirana: The anatomy of India’s raging retail war – The Economic Times
While tech companies get a chance to wire up a new set of customers, consumer goods firms, including HUL & Future Group, are hoping to
Chartered accountants facing ‘most heat today’ as norms are strong: Corporate Affairs Secretary Injeti Srinivas – The Economic Times
Amid instances of frauds at companies, chartered accountants are facing the “most heat today” as strong auditing and accounting standards are in place, according to a senior government official. The remarks
GST Council likely to fix Rs 50 crore turnover threshold for e-invoice under GST, to meet on June 20 – The Financial Express
The finance ministry is likely to propose Rs 50 crore as the turnover threshold for entities to generate e-invoice on a centralised government portal for
Export subsidy programme to be phased out to meet WTO norms – The Financial Express
The US has dragged India to the WTO, claiming that New Delhi offered illegal export subsidies and “thousands of Indian companies are receiving benefits totaling
MCA to look at new framework for credit rating agencies for strong corporate governance – The Economic Times
The Ministry of Corporate Affairs is likely to take a relook at a new framework of credit rating agencies as a strong corporate governance structure is essential for a
Revised guidelines on bad loans will sustain improvement in credit culture: RBI Governor Shaktikanta Das – The Economic Times
RBI Governor Shaktikanta Das Saturday said revised guidelines to deal with stressed assets will sustain improvement in credit culture as it provides for additional provisioning, a strong
Jet Airways fallout: Cross-border insolvency norms to be amended – The Financial Express
Last month, the lenders and management of Jet Airways were in a fix over the legal implications of a Dutch court declaring the defunct airline
BoB puts accounts worth over Rs 9k cr on block as NCLT process gets delayed – The Economic Times
The bank, which has become the third largest lender after it amalgamated Vijaya Bank and Dena Bank with itself in April this year, has narrowed
GST Council to meet on June 20, may fix Rs 50 cr turnover threshold for e-invoice under GST – The Economic Times
The ministry is planning to roll out the e-invoice system by September. The finance ministry is likely to propose Rs 50 crore as the turnover
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