Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-will-indias-central-bank-go-the-feds-way-on-monetary-policy/articleshow/83850253.cmsSynopsis Just as the US Fed has shown humility in admitting that it probably underestimated inflation risks, and adjusting its dot plots accordingly, MPC
Day: June 26, 2021
Online pharmacy PharmEasy on Friday announced it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.
Clipped from: https://www.financialexpress.com/industry/sme/pharmeasy-to-acquire-controlling-stake-in-diagnostic-chain-thyrocare-in-deal-worth-rs-4546-crore/2278746/ The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making
DHFL retail investor moves NCLAT against delisting of shares – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-retail-investor-moves-nclat-against-delisting-of-shares/2278691/ On June 7, National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital and Housing Finance (PCHFL) which offered to
Banning old vehicles is retrograde: Vehicle’s fitness, not age, should be the criteria for scrapping – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/banning-old-vehicles-is-retrograde-vehicles-fitness-not-age-should-be-the-criteria-for-scrapping/2277931/ Instead of a vehicle’s age, let’s use fitness as the criterion for determining whether it’s allowed to ply on the roads or not
No income tax on financial aid for treatment; exemption to ex-gratia received by kin of deceased – The Financial Express
Clipped from: https://www.financialexpress.com/economy/covid-relief-no-income-tax-on-financial-aid-for-treatment-exemption-to-ex-gratia-received-by-kin-of-deceased/2278653/ It also extended the due date of various compliances, including the last date of linkage of Aadhaar with PAN from June 30 to
Online pharmacy PharmEasy on Friday announced it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.
lipped from: https://www.financialexpress.com/industry/sme/pharmeasy-to-acquire-controlling-stake-in-diagnostic-chain-thyrocare-in-deal-worth-rs-4546-crore/2278746/ The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making
Sebi mulls new, easier framework for companies to delist post open offer | Business Standard News
lipped from: https://www.business-standard.com/article/markets/sebi-mulls-new-easier-framework-for-companies-to-delist-post-open-offer-121062501048_1.html Aims to remove sequentially contradictory transactions in the takeover process The move, according to industry experts, means around Rs 35,000 crore each will
Sebi looks to broaden IPO reach, plans to rope in payment banks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-looks-to-broaden-ipo-reach-plans-to-rope-in-payment-banks-121062501670_1.html Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday’s meeting An announcement in this regard is expected at the
Globalisation, old and new: What changing world order means for India | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/globalisation-old-and-new-what-changing-world-order-means-for-india-121062501074_1.html Globalisation is morphing as new agendas come into focus. These now drive action on climate change, taxation of global companies, tackling terrorism, sharing
Private banks need more monitoring – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/private-banks-need-more-monitoring/article34976944.ece Given the recent spate of governance failures in the financial sector, the regulators need to up their game In the wake of recent
Auditing the auditors: A case of too many cooks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/auditing-the-auditors-a-case-of-too-many-cooks/article34975935.ece The NFRA was set up as a super regulator for the auditing profession. It needs more resources and legal teeth to be effective
RBI’s heavy lifting helping govt borrow at lower cost – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbis-heavy-lifting-helping-govt-borrow-at-lower-cost/article34976490.ece Same trend continues this fiscal too, say experts The Reserve Bank of India (RBI) had clearly saved the day for the government in
‘Gain from jaggery making not agri income’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/gain-from-jaggery-making-not-agri-income/article34971983.ece Madras HC says conversion to jagger not essential to make cane marketable Profit from the sale of jaggery is not agricultural income. Hence,
SEBI mulls new norms to make it easier for companies to delist after open offer – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-mulls-new-norms-to-make-it-easier-for-companies-to-delist-after-open-offer/article34977208.ece Here the acquirer must state in the first public announcement, triggered by the mandatory tender offer, whether delisting is intended In a bid
Will India’s central bank go the Fed’s way on monetary policy? – The Economic Times
Clipped from: https://www.thehindu.com/business/Economy/financial-aid-sought-for-treatment-costs-also-exempt-from-income-tax/article34973930.ece Financial aid sought for treatment costs also exempt from income tax. The government on Friday announced Income tax relief for COVID-19 affected taxpayers
In relief to taxpayers, govt announces extension of compliance deadlines | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/in-relief-to-taxpayers-govt-announces-extension-of-compliance-deadlines-121062501274_1.html PAN-Aadhar linkage deadline is extended by another 3 months till Sept 30; payment without interest under dispute-resolution scheme is extended by 2 months
Planning to claim ITC? Here’s how you can do it – The Financial Express
Clipped from: https://www.financialexpress.com/money/planning-to-claim-itc-heres-how-you-can-do-it/2278400/ While claiming ITC in GSTR-3B, one should possess the required documents and consider GSTR-2B, provisional ITC rules, rule 86B. Simply put, ITC is
Post DHFL acquisition, PEL better placed to work on demerger plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/post-dhfl-acquisition-pel-better-placed-to-work-on-demerger-plans/article34962376.ece?homepage=true Demerger and eventual listing of its financial services and pharma businesses in the works Upbeat about prospects in the current fiscal, Piramal Enterprises
Wadhawan plans to challenge NCLT nod to Piramal’s resolution plan for DHFL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/wadhawan-plans-to-challenge-nclt-nod-to-piramals-resolution-plan-for-dhfl/article34972615.ece?homepage=true Move could delay full resolution of the housing finance firm Kapil Wadhawan, former promoter of Dewan Housing Finance Corporation Ltd (DHFL), plans to
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
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