Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/idbi-expects-2-of-small-borrowers-to-opt-for-recast/articleshow/82448203.cmsSynopsis IDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at
Month: May 2021
Amid rise in raw material costs, margin pressures to weigh on tyre stocks | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amid-rise-in-raw-material-costs-margin-pressures-to-weigh-on-tyre-stocks-121050601115_1.html Tyre companies may not be able to fully pass on the surge in raw material costs Margins for the larger tyre makers, Apollo
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
Biden’s travel ban on India beggars belief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/rajkamal-rao/a-ban-most-unfair/article34501059.ece The blanket rule affects a vast swath of Indians simply because they happen to be in a country fighting a grave health crisis
On hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/on-hold/article34500577.ece FPIs are unlikely to return in strength until the Covid second wave ebbs and the economy stabilises Global liquidity, induced by monetary easing
FPIs increase their bets on private banks in FY21 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/fpis-increase-their-bets-on-private-banks-in-fy21/article34501356.ece Betting on strong earnings and growth prospects coupled with better asset quality experience and operating performance, foreign portfolio investors (FPIs) have increased their
Interview: Vidit Aatrey, co-founder and CEO, Meesho – The Financial Express
Clipped from: https://www.financialexpress.com/brandwagon/interview-vidit-aatrey-co-founder-and-ceo-meesho/2247501/ ‘We want to bring 10 crore SMBs online’ Other than fashion and lifestyle, grocery will be our third key vertical for the next
Managing FX risks on imports – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-fx-risks-on-imports/2247412/ While the premiums are, in general, higher than the average depreciation, they are substantially lower than the worst depreciation (to tenor) that we
SMEs: Why do they numerically dominate an economy despite heavy odds for their operations – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/smes-why-do-they-numerically-dominate-an-economy-despite-heavy-odds-for-their-operations/2246675/ SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late,
ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/eclgs-3-0-hospitality-msmes-urge-govt-for-changes-in-borrower-status-calculation-of-outstandings-more/2247086/ Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel
Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/govt-buying-from-mses-declines-for-second-consecutive-year-even-as-share-in-overall-procurement-jumps/2247301/ The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to
Ethereum now more valuable than Visa, JPMorgan Chase; Bitcoin-rival among top five financial services – The Financial Express
Clipped from: https://www.financialexpress.com/market/ethereum-now-more-valuable-than-visa-jpmorgan-chase-bitcoin-rival-among-top-five-financial-services/2247384/ Ethereum has exploded in the past 12 months. The price has increased over 16 times from $206 as of May 7, 2020, to
Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/roadmap-for-msmes-survival-amid-covid-2-0-what-govt-must-immediately-do-to-tackle-impending-setback/2247439/ The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance
Supply-chain: Solar industry crimped by supply chain and logistical challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/solar-industry-crimped-by-supply-chain-and-logistical-challenges/articleshow/82398275.cmsSynopsis The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight
RBI must not delegate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rbi-must-not-delegate/article34491794.ece Why ask IBA to compute loan relief amount? On March 27, 2020, the Reserve Bank of India notified the Covid-19 package to provide
Aluminium — the metal for an ‘Atmanirbhar Bharat’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/aluminium-the-metal-for-an-atmanirbhar-bharat/article34491805.ece The govt must rectify the pricing anomalies of bauxite to boost local production The primary source for aluminium is bauxite ore, which is
Are States’ GST collections on track? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-states-gst-collections-on-track/article34491863.ece The GST mop-up in the past three years has been less than impressive and major States are staring at huge shortfalls GST collection
Easing the pain – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/easing-the-pain/article34491755.ece RBI has shown itself to be both proactive and prudent in its response to the second wave With the Centre hobbled by fiscal
With the RBI deciding to give G-SAP a further ‘push’, G-Sec prices rally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/with-the-rbi-deciding-to-give-g-sap-a-further-push-g-sec-prices-rally/article34492243.ece Second auction of G-Secs for ₹35,000 cr under G-SAP 1.0 to be held on May 20 The Government Securities (G-Secs) prices rose on
Services PMI eased to 3-month low in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/services-pmi-eased-to-3-months-low-in-april/article34489098.ece Services has maximum share in India’s GDP with over 57 per cent contribution. India’s services sector showed some stress in April as Purchasing
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