Clipped from: https://www.business-standard.com/article/opinion/aim-long-term-for-a-strong-currency-120120201521_1.html Strong currencies reflect strong economies Is a strong currency not desirable for India? There seems to be broad acceptance that a declining rupee is essential for exports.
Day: December 3, 2020
Lakshmi Vilas Bank comes under Sebi scanner for ‘insider trading’ | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/lakshmi-vilas-bank-comes-under-sebi-scanner-for-insider-trading-120120201540_1.html Based on an exchange’s surveillance report, the regulator is examining trading in the scrip between 2018 and 2019 Capital markets regulator Securities and Exchange Board of
UK approves Pfizer, becomes the first country to roll out Covid-19 vaccine | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/uk-approves-pfizer-becomes-the-first-country-to-roll-out-covid-19-vaccine-120120300040_1.html With 800,000 doses expected to be delivered over the next few days, inoculations will begin next week Pfizer, which is exporting its vaccine
After e-commerce, CCI looks at pharma sector to unlock competition | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/after-e-commerce-cci-looks-at-pharma-sector-to-unlock-competition-120120300026_1.html Will study the role of trade associations and e-pharmacies in supply chain and whether they’re distorting competition The Competition Commission of India (CCI)
Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bank-lending-deposit-rates-have-bottomed-out-sbi-chief-dinesh-khara-120120300037_1.html Khara said SBI and other banks in the country were aware that the economy required softer rates to continue. Bank lending rates “have
ICICI Bank, Indian Bank at risk of becoming ‘fallen angels’, warns S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/icici-bank-indian-bank-at-risk-of-becoming-fallen-angels-warns-s-p-120120201553_1.html S&P terms an entity a “fallen angel” if its rating is lowered to speculative-grade from investment-grade Many potential “fallen angel” banks — including ICICI
IDBI Bank puts home loan, LAP, corporate NPAs worth around Rs 970 cr on sale – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/idbi-bank-puts-home-loan-lap-corporate-npas-worth-around-rs-970-cr-on-sale/2141862/ Loans to two Bhubaneswar-based companies — Raipur Power & Steel and Parth Concast — are being offered at a total reserve price of
Monetary policy fails to stimulate the economy – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/monetary-policy-fails-to-stimulate-the-economy/2142002/ Subdued credit growth is a bigger concern than rising inflation. Time for the MPC to shed light on this inability to revitalise demand
Pagar khata App: Khatabook introduces Pagar khata App to digitize staff management for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/khatabook-introduces-pagarkhata-app-to-digitize-staff-management-for-msmes/articleshow/79528078.cmsSynopsis Pagarkhata app is equipped with a interface available in 13 languages, enabling hassle-free access for business owners across linguistic backdrops. NEW DELHI: Khatabook has launched
Afghan Challenge for President-Elect Biden–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/afghan-challenge-for-president-elect-biden/ A key task before President Joe Biden would be to contain the damage wrought by his predecessor’s decision to withdraw most troops, save
GST Swallow Does Not Make a Summer–The Economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/gst-swallow-does-not-make-a-summer/ That goods and services tax (GST) collections have surged in November, to nearly Rs 1.05 lakh crore, seem more likely due to improved
Time to Mind Rising Debt of the States–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/time-to-mind-rising-debt-of-the-states/ The ratio of the states’ debt to gross domestic product (GDP) is poised to rise to a decadal high of 36% this fiscal,
Tata Group is reportedly nearing a deal to buy BigBasket in a grocery coup – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/tata-group-is-reportedly-nearing-a-deal-to-buy-bigbasket-in-deal-valued-at-1-6-billion/articleshow/79524084.cmsSynopsis Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley,
Banks want RBI to extend recast window till March 31, 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-want-rbi-to-extend-recast-window-till-march-31-2021/articleshow/79531422.cmsSynopsis Bankers have requested the regulator that given the case in the Supreme Court leading to a prolonged moratorium, they haven’t been able to
The world watches as India tries a hard 30% cap to avoid tech’s anti-trust troubles – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/the-world-watches-as-india-tries-a-hard-30-cap-to-to-avoid-techs-anti-trust-troubles/articleshow/79525615.cmsSynopsis Under India’s unique rule, no single player can grab more than 30% of total payments transactions. Every company also has to use India’s
NPA: High bounce rates indicate trouble ahead for lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/high-bounce-rates-indicate-trouble-ahead-for-lenders/articleshow/79533504.cmsSynopsis Most banks and NBFCs have claimed of achieving near normal collection efficiency levels, but data suggests that Covid has altered borrower repayment behaviour.
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