Clipped from: https://www.businesstoday.in/current/economy-politics/cag-picks-holes-in-daily-fuel-pricing-system-says-petrol-pumps-delay-revising-rates/story/430863.html The audit showed that there were 3,463 instances in 91 out of 188 outlets (Indian Oil – 40, Hindustan Petroleum -35 and Bharat
Day: February 11, 2021
Berger Paints stock rises 4% on strong Q3 earnings–business today
Clipped from: https://www.businesstoday.in/markets/company-stock/berger-paints-stock-rises-4-on-strong-q3-earnings/story/430866.html Berger Paints share has fallen 6.5% in a month. Year-to-date, the stock is down 0.25%. However, it has risen 3.92% in one week
Germany plans to extend restrictions until March 14–business today
Clipped from: https://www.businesstoday.in/current/world/germany-plans-to-extend-restrictions-until-march-14/story/430861.html The number of new daily infections in Germany has been falling, leading some regional leaders to push for a timetable to ease the
Yes Bank CEO says foreign firms keen to invest in proposed asset reconstruction arm – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-ceo-says-foreign-firms-keen-to-invest-in-proposed-asset-reconstruction-arm/articleshow/80784930.cmsSynopsis “There has been lot of interest from foreign investors for our ARC business. We are likely to put in initial capital of 10
Tax on partnership firms: Budget change to put real estate, infrastructure consultancy firms in a fix – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-on-partnership-firms-budget-change-to-put-real-estate-infrastructure-consultancy-firms-in-a-fix/articleshow/80779879.cmsSynopsis After these assets appreciated, they would bring in a new partner and old partners would exit or retire from the partnership after taking
indian economy: India’s spending on growth to bring the economy on track leaves little for its vulnerable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-spending-on-growth-to-bring-the-economy-on-track-leaves-little-for-its-vulnerable/articleshow/80778896.cmsSynopsis While Modi’s popularity has endured throughout the pandemic, lower spending on social programs risks undermining his support as farmer protests gain international support.
Investors worried as India mulls banning Bitcoin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/investors-worried-as-india-mulls-banning-bitcoin/articleshow/80778791.cms SynopsisFollowing the government’s announcement that it plans to ban private cryptocurrencies, the family office has approached a leading foreign exchange lawyer to check
I-T refunds worth Rs 1.91 lakh crore issued between April 1 – Feb 8 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/i-t-refunds-worth-rs-1-91-lakh-crore-issued-between-april-1-feb-8/articleshow/80788118.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Of this, personal income tax refunds of Rs 67,334 crore have been issued to over 1.84 crore taxpayers and corporate tax refunds of
JSW Group set to enter the e-commerce market by scaling up its JSW One initiative – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-group-set-to-enter-the-e-commerce-market-by-scaling-up-its-jsw-one-initiative/articleshow/80790941.cmsSynopsis As part of its e-commerce foray, JSW Group will also extend JSW One platform to influencers in the home-construction industry including contractors, masons,
Adar Poonawalla to own Magma FinCorp via equity infusion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adar-poonawalla-to-own-magma-fincorp-via-equity-infusion/articleshow/80791361.cmsSynopsis The preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the company said. Adar
How can India save $60 billion in forex every year? Start an international shipping line – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/how-can-india-save-60-billion-in-forex-every-year-start-an-international-shipping-line/articleshow/80779511.cms Synopsis–It is an idea whose time has come. A shipping line along with a port-led development model is what can drive India towards
We should target $340-$350 bln in exports for FY 22; contraction in trade lower than expected: FIEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-should-target-340-350-billion-in-exports-for-fy-22-contraction-in-trade-lower-than-expected-fieo/articleshow/80787035.cmsSynopsis Addressing a range of issues that are impeding growth for the exports sector, FIEO said that economic growth is not possible without a
NeoGrowth Credit launches Vendor Finance Express for SMEs — SME–The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/neogrowth-credit-launches-vendor-finance-express-for-smes/articleshow/80781609.cmsSynopsis The product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for the
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
SEBI drops fraud charges against NSE, former MD Narain, Chitra Ramkrishna – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-drops-fraud-charges-against-nse-former-md-narain-chitra-ramkrishna/article33803758.ece?homepage=true In a relief to Ravi Narain and Chitra Ramkrishna, the two former longest serving bosses of the National Stock Exchange (NSE), market regulator
Home buyers to be asked for KYC, info on source of funds by real estate agent – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/real-estate/home-buyers-to-be-asked-for-kyc-info-on-source-of-funds-by-real-estate-agent/articleshow/80326908.cms Synopsis–The government has issued two notifications dated December 28, 2020, making it mandatory for real estate agents to maintain records of transactions facilitated
Twitter must abide by Indian laws, govt says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/twitter-must-abide-by-indian-laws-government-says/articleshow/80798095.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Twitter is siding not with “freedom of expression” but rather with those who seek to abuse such freedom and provoke disturbance to public
The Finance Minister’s 2021 Budget has thrown a huge lifeline, but will it work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/search-rescue-operation/articleshow/80792802.cms Synopsis–The 2021-22 deficit is projected to decline to 6.5%, still very high, and similar in size to India’s fiscal deficits after the 1991-92
Nirmala Sitharaman’s Budget has growth written all over it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-nirmala-sitharamans-budget-has-growth-written-all-over-it/articleshow/80792799.cms Synopsis–This budget is not a traditional ‘consumption-led’ one, but rather infra-led, one that has high multipliers of growth. While it addressed several levers
No fiscal road map is meaningful without states: NK Singh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/no-fiscal-road-map-without-states/articleshow/80795664.cms Synopsis–“Need a path that involves both Centre and states on fiscal deficit and debt; have suggested the constitution of an inter-governmental body of
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