Clipped from: https://www.thehindubusinessline.com/companies/tatas-hold-all-the-aces/article34172795.ece Legal spat between Tata and Mistry groups may continue, but the former has an edge Cyrus Mistry is in a very difficult spot
Month: March 2021
SC order upholds company board supremacy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/sc-order-upholds-company-board-supremacy/article34172831.ece Verdict restricts scope of court’s interference in the corporate decision-making process The verdict of the three-judge Bench of the Supreme Court has not
Hesitancy, infra issues plague vaccination drive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/hesitancy-infra-issues-plague-vaccination-drive/article34172551.ece Against ideal of 5-7m, averaging 2 m daily Seventy days into the Covid vaccination programme, some States are still battling infrastructural issues and
With the latest $234-m fund-raise, Chennai-based NBFC Five-Star turns a unicorn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/chennai-based-nbfc-five-star-business-finance-limited-raises-1700-crore/article34169522.ece The investment will be made through a combination of primary infusion and secondary shares sales by existing investor Morgan Stanley Private Equity Five
Insurers see adverse claim ratio on Covid-specific health products | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/insurers-see-adverse-claim-ratio-on-covid-specific-health-products-121032601622_1.html The regulator’s two Covid standard products – Corona Kavach and Corona Rakshak – have covered more than 4.7 million lives Covid-specific health products,
Mobile device makers press for 2021 as zero year under PLI scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mobile-device-makers-press-for-2021-as-zero-year-under-pli-scheme-121032700064_1.html Companies eligible for the scheme ask govt to invoke force majeure clause Mobile device players say that they have had a couple of
Preparing for the Insolvency and Bankruptcy Code storm – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/preparing-for-the-ibc-storm/2221359/ With the suspension lifted, there is the likelihood of a surge in filing of IBC cases. To avoid overwhelming the tribunals, the govt
Fintech revolution needs regulatory help – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/fintech-revolution-needs-regulatory-help/2221277/ They have cracked the payments piece but to do the same in the lending space, fintechs need important permissions from RBI And here
US President Joe Biden’s sensible stimulus – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/us-president-joe-bidens-sensible-stimulus/2221352/ Although the US’s output growth is likely to be above potential next year, a relatively flat Phillips curve implies that inflation is unlikely
Behind the Tata-Mistry feud, the crossed wires of history – The Financial Express
Clipped from: https://www.financialexpress.com/industry/behind-the-tata-mistry-feud-the-crossed-wires-of-history/2221484/ When Cyrus took over, he was the first Tata Sons chairperson in the group’s history not to be made chairperson of the Sir
View: New foreign trade policy is an opportunity for MSMEs to leverage e-commerce for their growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/view-new-foreign-trade-policy-is-an-opportunity-for-msmes-to-leverage-e-commerce-for-their-growth/articleshow/81713632.cms Synopsis–India’s 2021-26 foreign trade policy (FTP), currently under formulation, is likely to be released on April 1. The earlier FTP that was due
Half my private equity investment turned duds: Rakesh Jhunjhunwala – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/half-my-private-equity-investment-turned-duds-rakesh-jhunjhunwala/articleshow/81686639.cmsSynopsis Jhunjhunwala, often referred to as India’s own Warren Buffett, said five of his private equity investments delivered beautifully while another five performed moderately.
Does the Tata-Mistry ruling ignore reality of how boards are run and decisions taken? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/law-is-willing-but-spirit/articleshow/81712712.cms Synopsis-In India’s legal system, there is no place for redressal if, while following the letter of the law, its spirit is ignored. This
JSW transfers Rs 19,350 cr to complete acquisition of Bhushan Power and Steel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-transfers-rs-19350-cr-to-complete-acquisition-of-bhushan-power-and-steel/articleshow/81706126.cmsSynopsis JSW Steel was chosen the winning bidder for BPSL’s assets in September 2019, and the resolution plan was approved by NCLT soon after.
Tata-Mistry: Person who sets own house on fire doesn’t deserve to be in decision making body, says SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/tata-mistry-person-who-sets-own-house-on-fire-doesnt-deserve-to-be-in-decision-making-body-says-sc/articleshow/81712082.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The top court said it is an irony that the very same person who represents shareholders owning just 18.37 per cent of the
Tatas now free to pursue growth opportunities – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/tatas-now-free-to-pursue-growth-opportunities/articleshow/81714088.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The decision will also pave way for both Tata Sons and Tata Trust to nominate new members to their respective boards. While the
Financial services space set for disruption over next 10 yrs: K V Kamath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/financial-services-space-set-for-disruption-over-next-10-yrs-k-v-kamath/articleshow/81710617.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Unless you internalise it’s going to be a digital world…we will see a very quick evolution of this space in the next 10
SPAC Tax Issues: Round tripping, taxation issues to mar billion dollar ‘SPAC’ dreams of Indian firms, unicorns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/round-tripping-taxation-issues-to-mar-billion-dollar-spac-dreams-of-indian-firms-unicorns/articleshow/81718113.cms Synopsis–Indian firms face hurdles akin to those faced by Indian and MNC mergers in past Indian startups and companies that are hoping to
Income Tax Slabs: Here are the latest income tax slabs and rates–the economic times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/latest-income-tax-slabs/articleshow/62751981.cms From the financial year (FY) 2020-21, individual taxpayers can choose between two tax regimes – the existing or old tax regime and the new, concessional
Tech talent war: IT firms may see high attrition as demand for tech talent rises – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/it-firms-may-see-high-attrition-as-demand-for-tech-talent-rises/articleshow/81717625.cmsSynopsis Between January and March, 5-8% of full-time employees who were onboarded left within the first 90 days. Indian IT firms are likely to face sharper attrition rates
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