Clipped from: https://www.businesstoday.in/current/corporate/dhfl-bidding-coc-declares-piramal-as-successful-bidder/story/428838.html Billionaire Ajay Piramal’s Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL Piramal Capital and Housing Finance emerged as
Month: January 2021
HDIL diverted Rs 160 crore from PMC Bank to firm owned by Maharashtra MLA family: ED–business today
Clipped from: https://www.businesstoday.in/current/corporate/hdil-diverted-rs-160-crore-from-pmc-bank-to-firm-owned-by-maharashtra-mla-family-ed/story/428837.html ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission HDIL siphoned
Large NBFCs like Bajaj Finance, Mahindra Finance face stiff, bank-like rules–business today
Clipped from: https://www.businesstoday.in/current/corporate/large-sized-nbfcs-like-bajaj-finance-mahindra-finance-may-face-bank-like-stiffer-regulations/story/428815.html The new regulations call for a new approach to regulatory framework. The RBI has said that large NBFCs based on balance sheet size
Work from home: The future of work demands a better and balanced new normal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/hr-leadership/the-future-of-work-demands-a-better-and-balanced-new-normal/articleshow/80418160.cmsSynopsis Given the variety of roles, work requirements and diverse business needs, there is no ‘one-size-fits-all’ approach in the new world of work. 2020
Azim Premji University, FICCI, TISS roll out plan for employment generation in MSME sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/azim-premji-university-ficci-tiss-roll-out-plan-for-employment-generation-in-msme-sector/articleshow/80421453.cmsSynopsis The report proposes the creation of a support system that will improve Ease of Doing Business for largely informal micro and small entrepreneurs.
Companies back to work from office with 70-100% staffers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/companies-back-to-work-from-office-with-70-100-staffers/articleshow/80416439.cms SynopsisWork from home may be the new normal for much of India Inc, but a bunch of companies, mostly startups, have brought 70-100%
RBI’s inflation targeting policy helps improve external competitiveness as inflation differentials with trading partners narrow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-inflation-targeting-policy-helps-improve-external-competitiveness-as-inflation-differentials-with-trading-partners-narrow/articleshow/80418729.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a study Real effective exchange rate (REER) or inflation adjusted effective exchange rate into nominal exchange rates (NEER) and average relative prices
Companies approach Gujarat High Court over penalty, interest payment on input tax credit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/companies-approach-gujarat-high-court-over-penalty-interest-payment-on-input-tax-credit/articleshow/80421685.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The input tax credit mechanism under the GST framework allows companies to set off part of the tax paid against future tax liabilities.
Apps made our lives convenient. But does that justify the kind of data they collect from us? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/apps-made-our-lives-convenient-but-does-that-justify-the-kind-of-data-they-collect-from-us/articleshow/80424808.cmsSynopsis What most users might not be aware of is that apps collect and share a lot of information about them. WhatsApp, which boasts
Pre-budget ground reality: The Indian middle class under Modi 1.0 and 2.0 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/pre-budget-ground-reality-the-indian-middle-class-under-modi-1-0-and-2-0/articleshow/80399930.cmsSynopsis The Indian “middle class” can be broken down into three categories– the “aspirational middle-class”, the “affluent middle class”, and the “middle-middle class”. Sanket
Elon Musk targets telecom for next disruption with Starlink internet – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/elon-musk-targets-telecom-for-next-disruption-with-starlink-internet/articleshow/80417428.cmsSynopsis SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services,
FM launches Union Budget mobile app, Halwa Ceremony conducted – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/customary-halwa-ceremony-kickstarts-process-of-compilation-budget-documents/articleshow/80423137.cmsSynopsis Unlike the past, the voluminous budget documents will not be printed this year following the COVID-19 protocol and will instead be distributed electronically
GM warns Maharashtra government’s move to block its exit could hit investment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/gm-warns-maharashtra-governments-move-to-block-its-exit-could-hit-investment/articleshow/80419968.cmsSynopsis GM stopped selling cars in India, the world’s second most populous nation, at the end of 2017 after years of low sales. It
Sobha reports 29% rise in sales bookings in Oct-Dec 2020 due to festive season–business today
Clipped from: https://www.businesstoday.in/current/corporate/sobha-reports-29-rise-in-sales-bookings-in-oct-dec-2020-due-to-festive-season/story/427527.html As per the data, Sobha sold 11,33,574 sq ft area in the third quarter of 2020-21 as against 8,91,700 sq ft in the
Zydus Cadila gets US health regulator’s nod for thyroid drug–business today
Clipped from: https://www.businesstoday.in/sectors/pharma/zydus-cadila-gets-us-health-regulator-nod-for-thyroid-drug/story/428868.html Zydus Cadila has received final approval from the US Food and Drug Administration (USFDA) to market Liothyronine Sodium tablets USP, 5 mcg, 25
Tata Motors –business today
Clipped from: https://www.businesstoday.in/markets/company-stock/tata-motors-share-rises-jlr-sales-in-china-recover/story/427691.html?ref=taboola Share of Tata Motors hit upper circuit of 10% to Rs 242.10 against previous close of Rs 220.10 on BSE Tata Motors share
Biocon Q3 net profit falls 17% to Rs 169 crore, revenue up 7%–business today
Clipped from: https://www.businesstoday.in/current/corporate/biocon-q3-net-profit-falls-17-to-rs-169-crore-revenue-up-7/story/428803.html The biosimilars and research services segment posted 11 per cent and 13 per cent growth, respectively, in their income during the quarter, while
JSW Steel’s Q3 net profit rises multi-fold to Rs 2,669 crore
Clipped from: https://www.businesstoday.in/current/corporate/jsw-steels-q3-net-profit-rises-multi-fold-to-rs-2669-crore/story/428814.html The company’s revenue from operations rose to Rs 21,859 crore from Rs 18,055 crore in the year-ago quarter. JSW Steel reported its best
HDFC Life Q3 net profit up 5% to Rs 263 crore- Business News–business today
Clipped from: https://www.businesstoday.in/current/corporate/hdfc-life-q3-net-profit-up-5-to-rs-263-crore/story/428816.html The life insurance company’s net premium income grew 21 per cent to Rs 9,488.84 crore during the quarter under review, while its income
Grasim Industries to enter paints business, invest Rs 5,000 crore in 3 years
Clipped from: https://www.businesstoday.in/current/corporate/grasim-industries-to-enter-paints-business-invest-rs-5000-crore-in-3-years/story/428834.html Grasim says its entry in the paints sector will add size, scale, diversity and stability to cash flows of the existing business portfolio
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