Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-costs-to-remain-elevated-for-nbfcs-care-ratings/article34447543.ece The second wave of Covid-19 has pulled back the recovery gains with subsequent impact on asset quality, Says the credit rating agency Credit
Month: May 2021
Solar PLI to depend on sales volume, domestic sourcing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/solar-pli-to-depend-on-sales-volume-domestic-sourcing/article34451170.ece The incentive will be tapered annually over five years, says Ministry The size of the Central government’s production-linked incentive for new solar module
More job-loss ahead, raise govt spending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/more-job-loss-ahead-raise-govt-spending/2243360/ There is now a real danger of structural damage to the economy; the govt must quickly come up with a new relief package
In grim fight against coronavirus, there also are these stories of hope | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/in-grim-fight-against-coronavirus-there-also-are-these-stories-of-hope-121043001375_1.html Besides several helpful Facebook pages, students are operating nine helplines at the helpdesk of Miranda House, almost around the clock, to assist in
Soli J Sorabjee: A man of law and all things jazz | Business Standard News
Clipped from: https://www.business-standard.com/article/beyond-business/soli-j-sorabjee-a-man-of-law-and-all-things-jazz-121043001384_1.html Padma Vibhushan Soli Sorabjee died of Covid-19-related complications at 91 on April 30, 2021 Former Attorney General of India, Soli J Sorabjee. Photo:
Lack of Clarity: ICICI shuts out crypto trades – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/lack-of-clarity-icici-shuts-out-crypto-trades/articleshow/82337734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis–India’s largest private sector lender ICICI Bank is distancing itself from Bitcoin and other cryptocurrencies amid conflicting signals from the Supreme Court and
ITC has underperformed despite positive sentiment. Is the market right in punishing the stock? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/itc-has-underperformed-despite-positive-sentiment-is-the-market-right-in-punishing-the-stock/primearticleshow/82297785.cms Synopsis–Since 2014, the ITC stock has been a laggard. But things are changing post the company’s huge investment in the non-tobacco category. There
KTIL top bidder for Lanco Hoskote Highway, NCLT approval awaited – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ktil-top-bidder-for-lanco-hoskote-highway-nclt-approval-awaited/articleshow/78358155.cmsSynopsis A banker in the know of the developments said the committee of creditors (CoC) has recently approved the bid of Kalyan group entity
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
capital gains tax: How can I save on capital gains tax from sale of plot? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-can-i-save-on-capital-gains-tax-from-sale-of-plot/articleshow/82291322.cmsSynopsis The due date to invest in CGAS is 31 July 2021. Investments in post office time deposits are not eligible for the purpose
New Bank of India: How a Shree Cement promoter transferred INR3,000 crore shares to private entities for a pittance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/how-a-shree-cement-promoter-transferred-inr3000-crore-shares-to-private-entities-for-a-pittance/primearticleshow/82183964.cms SynopsisNBI Industrial finance quietly transferred its shareholdings to its parent entities for just INR89 crore. InGovern Research, which unearthed these deals, calls for
Joe Biden calls for United States to enter a new superpower struggle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/defence/joe-biden-calls-for-united-states-to-enter-a-new-superpower-struggle/articleshow/82328965.cmsSynopsis In fact, he is facing the worst relations in two decades with very different superpower adversaries that are seeking to exploit America’s visible
Loan growth touches new low in the pandemic year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-growth-touches-new-low-in-the-pandemic-year/articleshow/82332926.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Gayatri NayakEditor, The Economic TimesSynopsis The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit
Stocks to buy: Bank of Baroda, RBL and IDFC First could double from here: Sanjiv Bhasin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/bank-of-baroda-rbl-and-idfc-first-could-double-from-here-sanjiv-bhasin/articleshow/82328706.cmsSECTIONSBank of Baroda, RBL and IDFC First could double from here: Sanjiv BhasinLast Updated: Apr 30, 2021, 05:31 PM ISTSynopsis Midcap banks and PSUs
Free rides and beer: Incentives are added to vaccine drive – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/free-rides-and-beer-incentives-are-added-to-vaccine-drive/articleshow/82326940.cmsSynopsis Public health officials say the efforts are crucial to reach people who haven’t been immunised yet, whether because they are hesitant or because
Yes Bank pins hopes of economic recovery even as slippages rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-pins-hopes-of-economic-recovery-even-as-slippages-rise/articleshow/82331201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CEO Prashant Kumar said he expects the economy to recover faster this fiscal amidst the second wave of Covid led by faster vaccinations
Best NRI accounts that can be opened without hassle–business today
Clipped from: https://www.businesstoday.in/impact-feature/corporate/best-nri-accounts-that-can-be-opened-without-hassle/story/437272.html NRIs are allowed to hold three types of bank accounts and deposits in India. These accounts carry different features and, accordingly, may be
A pandemic is not the time to worry about fiscal deficit | The Indian Express
lipped from: https://indianexpress.com/article/opinion/columns/a-pandemic-is-not-the-time-to-worry-about-fiscal-deficit-7295959/ Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial Kasturba
Indian economy was well on the road to recovery before new virus wave hit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-was-well-on-the-road-to-recovery-before-new-virus-wave-hit/articleshow/82320064.cmsSynopsis Passenger vehicle sales more than doubled from a year ago, rising to 291,000 units in March, according to SIAM data. Two-wheeler sales were
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