Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/unemployment-rises-to-14-5-in-may-highest-since-last-years-lockdown/articleshow/82796137.cmsSynopsis CMIE data shows that the consumer sentiment index dipped further by 1.5% for the fifth consecutive week with the cumulative index down by
Day: May 21, 2021
Setback for PLI scheme on IT hardware as peeved manufacturers cut investment commitments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/setback-for-pli-scheme-on-it-hardware-as-peeved-manufacturers-cut-investment-commitments/articleshow/82799574.cmsSynopsis Manufacturers are piqued over the low incentive structure of the scheme which offers only 1%-4% reward and does not compensate for the disabilities
Second Covid-19 wave rocks ecommerce boat, hits consumer spends – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/second-covid-19-wave-rocks-ecommerce-boat-hits-consumer-spends/articleshow/82807434.cmsSynopsis Fashion hit hardest; non-metro markets feel impact too, could be critical for recovery Ecommerce hasn’t been able to escape the impact of the ongoing
Bitcoin carnage: It is too soon to say cryptocurrency bubble has burst | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bitcoin-carnage-it-is-too-soon-to-say-cryptocurrency-bubble-has-burst-121052001370_1.html There were signs that a top was near, from the Coinbase IPO to Elon Musk on Saturday Night Live. But the cryptocurrency has
Unnecessary deviation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/unnecessary-deviation-121052001438_1.html DHFL should not go back to its erstwhile promoter The National Company Law Tribunal’s (NCLT’s) direction to the lenders of Dewan Housing Finance
NBFCs brace for defaults, grim business prospects | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/second-covid-19-wave-nbfcs-brace-for-defaults-grim-business-prospects-121052001459_1.html The collections are down as staff is not able to reach out to customers. With falling collections in the second Covid wave and
Centre considers a revamp of stressed asset guarantee scheme for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-considers-a-revamp-of-stressed-asset-guarantee-scheme-for-msmes-121052001518_1.html As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard
DHFL resolution: Lenders weigh options after NCLT’s surprise call | Business Standard News
clipped from: https://www.business-standard.com/article/companies/dhfl-resolution-lenders-weigh-options-after-nclt-s-surprise-call-121052100019_1.html Tribunal gave direction to have a look at offer by Kapil Wadhawan After the bankruptcy tribunal’s surprise order on Dewan Housing Finance (DHFL),
Committee of creditors rejects NBCC resolution plan for Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/committee-of-creditors-rejects-nbcc-resolution-plan-for-jaypee-infratech-121052100040_1.html Lenders to vote on Suraksha plan from Monday Both NBCC and Suraksha ARC had bid for JIL’s assets, which owns a huge land
Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate | Business Standard News
Clipped from: https://www.business-standard.com/article/international/some-fed-officials-edged-toward-policy-debate-in-april-minutes-show-121052000022_1.html US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session
Dec quarter saw rise in home loan delinquencies: CRIF High Mark – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/dec-quarter-saw-rise-in-home-loan-delinquencies-crif-high-mark/2255946/ While housing finance companies (HFCs) faced 7.84% delinquencies, public sector banks saw 6.3% loans under stress during Q3FY21. CRIF High Mark, however, mentioned
Allow banks wider recast of loans – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allow-banks-wider-recast-of-loans/2255982/ The second wave has hit small businesses hard; permit recast of loans of upto Rs 50 crore, while classiying the accounts as NPAs
Banks likely to transfer about 80 large NPA accounts to NARCL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/2255777/ NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent
Eateries launch own ordering websites – The Financial Express
Clipped from: https://www.financialexpress.com/industry/eateries-launch-own-ordering-websites/2255988/ “We used Instagram to market the brands. The marketing costs are justified given that we are building the brands for the long term,”
Power to the people! – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/auto-focus/power-to-the-people/article34608315.ece Image for representational purpose only – Scharfsinn86 Image for representational purpose only – Scharfsinn86× Here is all you need to know about the
FAITH urges Centre to review and rationalise GST on tourism value chain – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/policy/faith-urges-centre-to-review-and-rationalise-gst-on-tourism-value-chain/article34606072.ece Say hospitality players must be allowed to get a refund of unutilised GST credit lying with State governments The Federation of Associations in
Released liquidity may help banks to subscribe to G-Secs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/released-liquidity-may-help-banks-to-subscribe-to-g-secs-aggregating-32000-cr-at-fridays-auction/article34607405.ece Market participants offered to sell seven G-Secs aggregating ₹1,21,696 crore Liquidity released on account of purchase of Government Securities (G-Secs/GS) aggregating ₹35,000 crore
Covid ‘infects’ leather exporters’ biz – NEWS – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34610861.ece Skeletal staff andshortage of sea containers emerge major concerns Leather exporters have enough orders on hand, but skeletal staff strength and shortage of
FM asks CCI to provide regulatory stimulus for India Inc’s revival – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34610868.ece Addresses a virtual event to mark CCI’s 12th Annual Day Finance Minister Nirmala Sitharaman on Thursday asked the Competition Commission of India (CCI)
Warehousing industry needs a makeover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/warehousing-industry-needs-a-makeover/article34608162.ece?homepage=true To stem the wastage of harvested crop, warehouses need to scale up capacity, modernise and be manned by skilled personnel Foodgrains production in
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