Clipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/future-retail-q3-results-reports-net-loss-of-rs-847-cr-revenue-falls-71-to-rs-1507-cr/articleshow/80771888.cmsSynopsis Its revenue from operations was down 71 per cent to Rs 1,506.87 crore during the quarter under review as against Rs 5,193.19 crore
Month: February 2021
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
An unlikely competition: How Shopify is mounting a serious challenge to Amazon and Flipkart – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/an-unlikely-competition-how-shopify-is-mounting-a-serious-challenge-to-amazon-and-flipkart/articleshow/80749686.cms SynopsisShopify has been quietly and assiduously chipping away as an alternative to Amazon and Flipkart by getting small businesses to use its platform.
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
Tata Steel returns to black, posts over Rs 4,010 crore profit in December quarter – The Financial Express
Clipped from: https://www.financialexpress.com/industry/tata-steel-returns-to-black-posts-over-rs-4010-crore-profit-in-december-quarter/2191358/ During the October-December period of the current fiscal, its total income rose to Rs 39,809.05 crore from Rs 35,613.34 crore a year ago.
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
MSME registration crosses 20-lakh mark on Modi govt’s Udyam portal; nearly doubles in three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msme-registration-crosses-20-lakh-mark-on-modi-govts-udyam-portal-nearly-doubles-in-three-months/2191291/ Technology for MSMEs: Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal
‘India lost more than a year’s worth of growth; can’t afford to go on a debt binge’ – The Financial Express
Clipped from: https://www.financialexpress.com/budget/india-lost-more-than-a-years-worth-of-growth-cant-afford-to-go-on-a-debt-binge/2187664/ Union Budget 2021 India: The economic contraction — the first in India since the 1970s — has put pressure on its government like
Top 100 wilful defaulters owe lenders Rs 84,632 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/top-100-wilful-defaulters-owe-lenders-rs-84632-crore/articleshow/80753675.cmsSynopsis While banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear
Service complaints by bank customers rise 57 pc to over 3 lakh: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/service-complaints-by-bank-customers-rise-57-pc-to-over-3-lakh-rbi-report/articleshow/80754191.cmsSynopsis The number of complaints pertaining to ‘Direct Sales Agent (DSA) and recovery agents’ increased from 629 complaints in 2018-19 to 1,406 this year,
Basic Customs Duty on mobile phone components to spur localisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/basic-customs-duty-on-mobile-phone-components-to-spur-localisation/articleshow/80768190.cmsSynopsis Sandeep Narula, Chairman of ESC said: “The imposition of customs duty is designed to make India a strong assembling hub, and will considerably
budget 2021: Prudence doesn’t mean stinginess or frugality: TV Somanathan, Expenditure Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/prudence-doesnt-mean-stinginess-or-frugality/articleshow/80675313.cmsSynopsis Revenue estimates have been prepared in a somewhat conservative manner… The numbers are reasonable, but it can still go wrong. If we do
Persistent’s revenue outlook improves on digital offerings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/after-a-50-rally-revenue-visibility-just-got-better-for-this-it-stock/articleshow/80749360.cms Synopsis–In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially
Bitcoin’s Tesla-driven rally fizzles after prices hit $48,000 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bitcoin-tops-47000-for-first-time-after-tesla-purchase/articleshow/80760726.cmsSynopsis Bitcoin’s ascent to its latest summit came with big swings that continue to stoke controversy about its outlook. The frenzied rally in Bitcoin lost momentum
Discretionary consumption coming back: Amnish Aggarwal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/discretionary-consumption-coming-back-amnish-aggarwal/articleshow/80768959.cmsSECTIONSDiscretionary consumption coming back: Amnish AggarwalLast Updated: Feb 09, 2021, 05:17 PM ISTSynopsis ‘Small and medium scale enterprises have been under pressure.’ Shift towards
Expect 20-25% uptick in financials and 40% upside in banks in near term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/expect-20-25-uptick-in-financials-and-40-upside-in-banks-in-near-term-avneesh-sukhija/articleshow/80770179.cmsSECTIONSExpect 20-25% uptick in financials and 40% upside in banks in near termLast Updated: Feb 09, 2021, 06:32 PM ISTSynopsis The capex that everyone
India was a laggard last year, this Budget has changed growth trajectory: Punita Kumar Sinha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/india-was-a-laggard-last-year-this-budget-has-changed-growth-trajectory-punita-kumar-sinha/articleshow/80770980.cmsSECTIONSIndia was a laggard last year, this Budget has changed growth trajectory: Punita Kumar SinhaLast Updated: Feb 09, 2021, 07:20 PM ISTSynopsis There could
PF interest rate: Tax on PF interest will change the way we invest in it: How the Budget hits your PF – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/tax-on-pf-interest-will-change-the-way-we-invest-in-it-how-the-budget-hits-your-pf/articleshow/80720630.cmsSynopsis This is not the first time the government has proposed to tax Provident Fund money. A significant number of salaried employees use the
Should you be positive on ITC? Siddhartha Khemka answers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/how-to-position-in-itc-siddhartha-khemka-answers/articleshow/80742924.cmsSECTIONSShould you be positive on ITC? Siddhartha Khemka answersLast Updated: Feb 08, 2021, 09:52 AM ISTSynopsis Even if the numbers for the other segments
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