Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/necessary-rbi-but-not-sufficient/articleshow/82414410.cmsSynopsis What industry needs more than additional pools of liquidity is discretion with bank branch managers to decide what kinds of leniency their clients
Month: May 2021
Foreign travelers may avoid India for quite a while – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/foreign-travelers-may-avoid-india-for-quite-a-while/articleshow/82397895.cms Synopsis–As per the Ministry of Tourism, the number of foreign tourist arrivals shrank to 0.21 million in the April-December period of 2020, compared
Two Indian vaccine shots aren’t yet enough for a vaccine passport – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/two-indian-vaccine-shots-arent-yet-enough-for-a-vaccine-passport/articleshow/82397974.cms Synopsis-Of the two vaccines in use in India, only Covishield, manufactured by Serum Institute of India (SII) under licence from AstraZeneca, has WHO
Auto industry output set to hit a 9-month low in May – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-industry-output-set-to-hit-a-9-month-low-in-may/articleshow/82394076.cmsSynopsis The total auto industry output this month is likely to be 1.2-1.5 million vehicles – almost half of the original plan, industry insiders
RBI: RBI buying gold in a big way to diversify forex assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-diversifies-forex-assets-with-42-tonne-gold-purchase-in-fy21/articleshow/82394036.cms Synopsis–The central bank ended FY21 with a valuation loss of its foreign exchange reserves as US treasury yields, where the bulk of the
RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-tells-mfis-to-improve-governance-loan-appraisal-system-assesses-pandemic-led-stress/articleshow/82390392.cmsSynopsis The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation—going beyond the accounting numbers of micro
Despite rangebound performance, FPI shareholding in RIL hits record 24.9% in March 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/despite-rangebound-performance-fpi-shareholding-in-ril-hits-record-24-9-in-march-2021/articleshow/82391667.cms SynopsisMajor factors that make RIL attractive to FPIs include the rising contribution of consumer facing businesses to the revenue, a balance sheet with
Steel makers raise prices by up to Rs 4,500 per tonne – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-makers-raise-prices-by-up-to-rs-4500-per-tonne/2245856/ Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices,
Get vaccinated, get a discount, offers Reliance General Insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/get-vaccinated-get-a-discount-offers-reliance-general-insurance/article34478505.ece For inoculated customers, additional, one-time, 5 per cent discount on Reliance Health Infinity policy In a bid to encourage Covid-19 vaccination, Reliance General
FPIs bet big on private insurers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fpis-bet-big-on-private-insurers/article34480992.ece Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the insurance sector Foreign portfolio investors (FPIs) are going strong on the Indian
Why RBI’s G-SAP is a masterstroke – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-rbis-g-sap-is-a-master-stroke/article34481980.ece The OMO clone will facilitate govt’s big borrowing plan at a lower cost, by bringing certainty to timing & amount of bond buys
Blind optimism on GDP growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/blind-optimism-on-gdp-growth/article34481786.ece The projected 10.5% GDP growth for this year seems far-fetched, as the Covid second wave is bound hit the economy hard The severity,
Good start – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/good-start/article34481710.ece RBI has started on corporate governance overhaul at private banks, but the approach is piecemeal The last two years have seen crises unfolding
Income Tax Dept sets threshold for significant economic presence – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-sets-threshold-for-significant-economic-presence/article34473809.ece Rules prescribing thresholds for SEP provisions would have limited impact, say experts The Income Tax Department on Monday notified a threshold for Significant
Fresh Covid wave may be too hot for AC industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/fresh-covid-wave-may-be-too-hot-for-ac-industry/article34479296.ece Key summer season could be a washout for AC companies, says Motilal Oswal report Disruptions due to Covid-19 have come at the wrong
API supply concerns from China fuel Alembic Pharma’s global prospects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/api-supply-concerns-from-china-fuel-alembic-pharmas-global-prospects/article34481925.ece Company’s segment revenues surge 35% during the year The Covid-led supply disruptions of Active Pharmaceutical Ingredients (API) from China last year has proved
Hopeful of export potential, Centre unlikely to extend solar after PLI period – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/hopeful-of-export-potential-centre-unlikely-to-extend-solar-after-pli-period/article34481073.ece ‘Nations want to buy from India due to unreliability of Chinese suppliers’ The government is not likely to extend the basic customs duty
RBL Bank Q4 net profit down 34% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbl-bank-q4-net-profit-down-34/article34480127.ece Sharp rise in provisions and lower interest income hit bottomline Private sector lender RBL Bank reported a 34 per cent drop in its
Pricing pressure in US market to impact margins of pharma companies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pricing-pressure-in-us-market-to-impact-margins-of-pharma-companies-121050401041_1.html Lack of new launches due to inspection delays, intensifying competition key headwinds Representational image The margins of Indian generic drug makers could be
Start-ups connect India with novel features in times of coronavirus | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/startups-connect-india-with-talk-to-type-audio-only-in-covid-times-121050400822_1.html Companies such as Chingari and Koo roll out audio-only and talk-to-type features to keep people connected amid the pandemic At a time when
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