Clipped from: https://www.business-standard.com/article/economy-policy/privatisation-push-centre-considers-bringing-psbs-under-companies-act-121041700027_1.html Changes are likely to be introduced in the Monsoon Session In the Union Budget 2021-22, Finance Minister Nirmala Sitharaman announced privatisation of two
Day: April 17, 2021
Insurepays hopes to raise $5-7 million in Series A funding – The Financial Express
lipped from: https://www.financialexpress.com/market/insurepays-hopes-to-raise-5-7-million-in-series-a-funding/2234514/ Insurepays currently has 1.6 lakh customers and is looking to increase this to 30 lakh over the next 12-18 months. By that time,
Lockdowns Again: Back to the start? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/lockdowns-again-back-to-the-start/2234702/ The economic impact of the current lockdowns will be significant, though not as sharp as that of last year For a country that
Data drive: The FY21 tax suprise – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/data-drive-the-fy21-tax-suprise/2234816/ The Centre’s indirect tax collection grew 12%, to Rs 10.71 lakh crore, in FY21 on the back of higher collection from central excise
E-commerce bound to grow, modern retail channels to bounce back in small format: HUL CMD Sanjiv Mehta – The Financial Express
Clipped from: https://www.financialexpress.com/industry/e-commerce-bound-to-grow-modern-retail-channels-to-bounce-back-in-small-format-hul-cmd-sanjiv-mehta/2234047/ The e-commerce sector would grow not only due to the sheer convenience it offers but also for the assortment it provides, Mehta said
Government asks public sector banks to adopt non-coercive strategy for education loans recovery – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-asks-public-sector-banks-to-adopt-non-coercive-strategy-for-education-loans-recovery/articleshow/82111511.cms Synopsis–The non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.
Banks go slow on ATMs as digital transactions gain pace – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-go-slow-on-atms-as-digital-transactions-gain-pace/articleshow/82111366.cms Synopsis–Public sector banks have shuttered nearly 5,000 automated teller machines in one year alone. However, private sector banks, small finance banks, payment banks
Amazon tells Indian court – Reuters story is no reason to resume antitrust probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-tells-indian-court-reuters-story-is-no-reason-to-resume-antitrust-probe/articleshow/82089332.cmsSynopsis The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules
Global semiconductor shortage could last till first half of FY22, hurt automobile industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-components/global-semiconductor-shortage-could-last-till-first-half-of-fy22-hurt-automobile-industry/articleshow/82106822.cmsSynopsis While demand in the local market is expected to remain strong due to pent-up demand, consumer preference for personal mobility solutions and increased
Open banking may potentially pose significant risks: RBI Dy Guv Rao – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/open-banking-may-potentially-pose-significant-risks-rbi-dy-guv-rao/article34338863.ece It is the sharing and leveraging of customer-permissioned data by banks with third-party developers and firms to build applications and services. Open banking
Power sector revival requires structural changes: Brickwork ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/power-sector-revival-requires-structural-changes-brickwork-ratings/article34334308.ece?homepage=true Around 60 GW thermal power capacity under stress The revival of the country’s power sector requires meaningful structural changes, targeting an improvement in
Energising solar module manufacture – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/energising-solar-module-manufacture/article34337665.ece The recently announced PLI scheme for this sector must be dovetailed with the host of other incentives, especially for MSMEs As part of
How the RBI forced bond market to tango – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/how-the-rbi-forced-bond-market-to-tango/article34338939.ece?homepage=true The market wants bond prices to trade lower across maturities, given the large supply scheduled to flood the market The ‘bond vigilantes’ who
Pre-packaged insolvency for small & medium firms | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/pre-packaged-insolvency-for-small-medium-firms-121041601390_1.html A notable feature of the ordinance is the pre-packaged process’ two-step voting structure Pre-packaged insolvency (or “pre-pack”) refers to the process by which
SC issues directions for speedy disposal of cheque bounce cases | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-issues-directions-for-speedy-disposal-of-cheque-bounce-cases-121041601233_1.html The Supreme Court came out with a slew of directions to ensure speedy disposal of cheque bounce cases across the country Photo: Shutterstock.com
NCLAT’s dismissal of DVI appeal may pave the way for Amtek resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-s-dismissal-of-dvi-appeal-may-pave-the-way-for-amtek-resolution-121041601080_1.html Amtek owes lenders Rs 12,641 cr and was on RBI’s first list of NPAs mandated for resolution under Bankruptcy Code. The DVI bid
RBI rejects 10-year bids, leaving short sellers scrambling for cover | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-rejects-10-year-bids-leaving-short-sellers-scrambling-for-cover-121041700025_1.html Brings down yield to 6.08%, down 4 bps from last close The Reserve Bank of India (RBI) on Friday refused to sell the benchmark 10-year
Labour law implementation might get delayed further – The Financial Express
Clipped from: https://www.financialexpress.com/industry/labour-law-implementation-might-get-delayed-further/2234699/ However, as of now, not more than half a dozen states have framed draft rules and also, while some of them have drafted
SC issues guidelines for cheque bounce cases, asks govt to amend laws – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sc-issues-guidelines-for-cheque-bounce-cases-asks-govt-to-amend-laws/2234696/ The SC said that over the years, courts have been inundated with cheque bounce complaints which could not be decided within a reasonable
Amazon: Anti-Amazon retailer groups take a dig at Smbhav event, hold ‘Asmbhav’ event – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/anti-amazon-retailer-groups-takes-a-dig-at-smbhav-event-holds-asmbhav-event/articleshow/82095065.cmsSynopsis Speakers at the event called for action against alleged preferential treatment by Amazon to its exclusive brands such as Cloudtail and RetailNet. As Amazon kicked
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