Clipped from: https://www.financialexpress.com/market/saw-5-fold-growth-in-account-opening-by-women-last-year-ravi-kumar-co-founder-and-ceo-upstox-interview/2245385/ The fast-spreading second wave of Covid-19 in India along with vaccine supply issues have caused volatility in the markets for a while now,
Month: May 2021
Let us pray: RBI needs to pull out all the stops to prevent another sharp drop in the rupee – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/let-us-pray-rbi-needs-to-pull-out-all-the-stops-to-prevent-another-sharp-drop-in-the-rupee/2245323/ The rupee, on the surface, appears to be playing its own game. Since the start of 2020, it has taken two major hits,
China wants to cut steel production volume; abolishes export rebates – The Financial Express
Clipped from: https://www.financialexpress.com/industry/china-wants-to-cut-steel-production-volume-abolishes-export-rebates/2245381/ The Chinese Ministry of Finance and the State Administration of Taxation (customs tariff commission) announced a total abolition of export rebates (13% on
Govt invites EoI latest by June 17 for Rs 11k-cr food processing PLI scheme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-invites-eoi-latest-by-june-17-for-rs-11k-cr-food-processing-pli-scheme/2245365/ Issuing detailed operational scheme guidelines for its Production Linked Incentive (PLI) scheme, the food processing industries ministry Monday invited an expression of interest
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?homepage=true Appeal to Commissioner can be filed within the time provided or May 31 Appeal to Commissioner can be filed within the time provided
Delhi court junks interim bail plea of Malvinder Singh in PMLA case | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/delhi-court-junks-interim-bail-plea-of-ex-fortis-healthcare-promoter-malvinder-singh-in-pmla-case-121050301380_1.html The accused had expressed apprehension that he may contract Covid-19 infection in the Tihar jail Malvinder Singh A court here has rejected the
Intel CEO says chip shortage will persist for ‘couple of years’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/intel-ceo-says-chip-shortage-will-persist-for-couple-of-years/articleshow/82364203.cmsSynopsis Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard,
SC asks Centre to inform about settlement of insurance claims of healthcare professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-asks-centre-to-inform-about-settlement-of-insurance-claims-of-healthcare-professionals/articleshow/82373778.cmsSynopsis “While we are dealing with a terrible second wave of the COVID-19 pandemic, there must be an effective policy to ensure that the
Silence over labour reforms during state elections signals a deeper shift – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-silence-over-labour-reforms-during-state-elections-signals-a-deeper-shift/articleshow/82375994.cms Synopsis–In a scenario where access to oxygen cylinders, medicines, hospital beds is near impossible, none of the usual issues — GDP guesstimates, spiralling
India’s virus surge leaves another 7 million people jobless – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/indias-virus-surge-leaves-another-7-million-people-jobless/articleshow/82368881.cmsSynopsis State govts have been forced to extend curbs as the nation’s creaky health infrastructure can’t cope with the flood of virus cases, jeopardizing
IDBI Bank’s Q4 net profit soars to ₹512 crore – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-banks-q4-net-profit-soars-to-512-crore/article34471388.ece?homepage=true Sees robust 37.5 per cent increase in net interest income IDBI Bank’s standalone net profit soared almost four times in the fourth quarter
Apex Court: Cannot stop media from reporting judges’ oral observations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/apex-court-cannot-stop-media-from-reporting-judges-oral-observations/article34473345.ece “Unfolding of process of judicial thinking is equally of interest to the public” The ECI had complained to the Supreme Court about certain
Kotak Mahindra Bank’s consolidated net profit rises 36% in Q4FY21 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kotak-mahindra-bank-s-consolidated-net-profit-rises-36-in-q4fy21-121050300721_1.html Private sector lender Kotak Mahindra Bank on Monday reported a consolidated net profit of Rs 2,589 crore in the March quarter of FY21, up 36
India Trade Deficit: Record growth in April exports, trade deficit swells to $15.24 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/india-april-trade-deficit-at-15-24-billion/articleshow/82351264.cmsSynopsis Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew,
Vodafone Idea: Can raise $1 billion by June, Vodafone Idea tells lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/can-raise-1b-by-june-vodafone-idea-tells-lenders/articleshow/82360491.cmsSynopsis Separately, one of Vi’s domestic lenders, a large public-sector bank, recently extended a bank guarantee for about Rs 1,420 crore by another year,
Yes Bank not to sell bad loans to NARC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-not-to-sell-bad-loans-to-narc/articleshow/82360830.cmsSynopsis The bank, meanwhile, is pursuing its objective of owning a majority stake in an ARC and is waiting for the new set of
Why MSMEs need help again and why the govt’s earlier approach may not work? | Business Standard News
Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Second wave of coronavirus pandemic: What RBI can do to help | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Govt mulls more Covid relief measures for businesses amid second wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-mulls-more-covid-relief-measures-for-businesses-amid-second-wave-121050300037_1.html The Centre and the RBI are exploring options for businesses hit hard by the second wave The government and the Reserve Bank of India (RBI)
Jet Airways resolution – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/flight-plan/jet-airways-left-with-no-slots-to-revive/article34464782.ece Resolution of slot re-allotment is needed for the revival of the beleaguered airlines and the future of other carriers The weather is still
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