Clipped from: https://www.thehindubusinessline.com/opinion/time-to-slash-stamp-duty/article34528970.ece The Damani property deal must lead to a rethink In one of the biggest property deals, DMart founder Radhakishan Damani and his brother,
Day: May 11, 2021
E-pharmacy is what the doctor ordered – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/e-pharmacy-is-what-the-doctor-ordered/article34528944.ece More competition E-pharmacies give the option of cheaper prices to consumers – iStockphoto More competition E-pharmacies give the option of cheaper prices to
Rupee appreciates on expectations of weak dollar, global risk sentiment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-appreciates-on-expectations-of-weak-dollar/article34529424.ece Gained 154 paise over the last month The rupee could see an appreciating bias on expectations of a weak dollar and global risk
Gaining currency | Business Standard Editorials
Large firms signal mainstream acceptance of crypto Cryptocurrencies came a step closer to widespread mainstream acceptance last weekend. Aerospace major Space-X will accept payment in cryptocurrency Dogecoin from
Decoded: Here’s how to tell the difference between Bitcoin and Ethereum | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/decoded-here-s-how-to-tell-the-difference-between-bitcoin-and-ethereum-121051001322_1.html The prices of both Bitcoin and Ether were relatively flat from early 2018 to the fall of 2020, a period known as the
Carry positions can hurt exchange rate and cause inflation, says SBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/carry-positions-can-hurt-exchange-rate-and-cause-inflation-says-sbi-121051001437_1.html This is particularly important for the Reserve Bank of India (RBI) as it works under an inflation-targeting regime The combination of two instruments
Tens of millions on the fringes sink into poverty as Covid wrecks India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tens-of-millions-plunge-into-poverty-during-second-coronavirus-wave-121050900675_1.html The government estimates India’s gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952 Experts have
Notify Covid-19 vaccines as zero-rated supply under GST, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/notify-covid-19-vaccines-as-zero-rated-supply-under-gst-say-experts-121051100005_1.html Tax waiver on entire Covid-related supply chain could prevent a rise in price Experts point out that a tax waiver for the entire
HDFC picks up stake in CSC Grameen e-Store, banking on rural commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/hdfc-bank-gets-1-5-of-grameen-estore-for-rs-10-crore/articleshow/82532483.cmsSynopsis This comes after the digital arm of the Tata Group — Tata Digital — had purchased a similar stake in the government-run rural
Solar power majors get $3-billion shock from Supreme Court order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/solar-power-majors-get-3b-shock-from-sc-order/articleshow/82538167.cmsSynopsis Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff
Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Private banks allowed to undertake agency jobs for central and state govts without any fresh approval: RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/private-banks-allowed-to-undertake-agency-jobs-for-central-and-state-govts-without-any-fresh-approval-rbi/articleshow/82530826.cmsSynopsis Banks seeking fresh approval from RBI for government agency businesses should be healthy and are not under prompt corrective action framework or moratorium
GST exemption for Covid drugs unsound – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-exemption-forcovid-drugs-unsound/articleshow/82530064.cmsSynopsis Estimates show that the country loses about 2% of the GDP on GST exemptions. Exemptions must be scrapped. The Centre is right to
Get Pfizer in, work out indemnity – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/get-pfizer-in-work-out-indemnity/articleshow/82530099.cmsSynopsis WHO experts opine there could be one or more Indian variants of the SARS Cov-2 virus that escape available vaccines. The vaccination drive is constrained
JSPL repays Rs 2,462 crore to its term lenders, aims to be debt-free in the short term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-repays-rs-2462-crore-to-its-term-lenders-aims-to-be-debt-free-in-the-short-term/articleshow/82523860.cmsSynopsis “This reduction of Rs.2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021,” the company said in
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
Domestic steel players poised for strong deleveraging plans as prices surge | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/domestic-steel-players-poised-for-strong-deleveraging-plans-as-prices-surge-121051001139_1.html With profitability at record levels, even if steel prices correct by 15-20% going ahead, players would still be in a comfortable position to
Near-resolution assets may not go to bad bank amid Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/near-resolution-assets-may-not-go-to-bad-bank-amid-covid-19-pandemic-121051100040_1.html ARC expected to be functional next month Where there is a resolution likely in one or two months, and the order of the
I-T dept goes after hospitals taking cash payment to treat Covid patients | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/finance-ministry-asks-cbdt-to-penalise-hospitals-fleecing-covid-19-patients-121051100028_1.html Finance ministry asks department to penalise hospitals found with unaccounted cash, prevent evasion. A patient suffering from the coronavirus disease (Covid-19) waits to
RBI: Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
aniltikotekar4sme.com 