Clipped from: https://www.deccanherald.com/business/business-news/why-elon-musk-is-his-worst-enemy-1047052.html Most entrepreneurs flying at Musk’s level would take the win, think about their succession plans and start turning their focus more squarely to
Day: November 3, 2021
RBI drops ‘profitability’ benchmark for declaring banks as weak under its PCA framework – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/rbi-drops-profitability-benchmark-for-declaring-banks-as-weak-under-its-pca-framework-311168-2021-11-02 According to RBI’s new guidelines, capital, asset quality, and leverage will be the three key areas for monitoring in the revised framework. The
Indian stainless steel Industry: Present tense, future uncertain – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/indian-stainless-steel-industry-present-tense-future-uncertain-311274-2021-11-03 Indian Stainless-steel industry is just coming out of the COVID-related disruptions and the pent-up demand, signalling a upcycle, are positive signs. Indian stainless
supply chain: Supply chain crisis risks taking the global economy down with it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/supply-chain-crisis-risks-taking-the-global-economy-down-with-it/articleshow/87500861.cmsSynopsis Behind the logjams lies a mix of overloaded transportation networks, shortages of labor at key chokepoints, and demand in the U.S. that’s been
Tata is making more money per car than Maruti for the 1st time in a decade – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/tata-is-making-more-money-per-car-than-maruti-for-the-1st-time-in-a-decade/articleshow/87498083.cmsSynopsis Tata Motors’ operating profit per car rose to ₹45,810 in the second quarter, nearly double that of Maruti, data compiled by ETIG showed.
CBDT notifies e-settlement scheme for taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-notifies-e-settlement-scheme-for-taxpayers/articleshow/87498231.cmsSynopsis The relief was given to taxpayers who were eligible to file application as on January 31, 2021, but could not file the same
42 firms selected under PLI scheme for white goods – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/42-firms-selected-under-pli-scheme-for-white-goods/articleshow/87511306.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Ministry of Commerce & Industry said the selected applicants include 26 for air conditioner manufacturing with committed investments of Rs 3,898 crores &
Unlock Trade stock ideas: Hotels vs airlines: Which is the best way to bet on unlock stocks? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/hotels-vs-airlines-which-is-the-best-way-to-bet-on-unlock-stocks/articleshow/87504040.cms SynopsisAccording to the latest earnings estimates of Bloomberg’s pool of analysts, earnings per share (EPS) of hospitality sector leader Indian Hotels Company Limited
Hindalco to buy Ryker for Rs 323 crore enterprise value – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/hindalco-to-buy-ryker-for-rs-323-crore-enterprise-value/articleshow/87508698.cmsSynopsis Hindalco Industries to pick up 100% equity stake in Ryker Base Pvt Ltd for an enterprise value of Rs 323 crore. Ryker is
Squid Game cryptocurrency: From $2,800 to zero in 5 minutes: How investors lost millions in cryptocurrency inspired by ‘Squid Game’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/from-2800-to-zero-in-5-minutes-how-investors-lost-millions-in-cryptocurrency-inspired-by-squid-game/articleshow/87501855.cmsSynopsis Squid’s crash highlights the regulatory gaps over cryptocurrencies, as government agencies and private firms rush to get a grip on the volatile yet
India needs a judicial corps: All-India cadre can tackle dearth of judges – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-needs-a-judicial-corps-all-india-cadre-can-tackle-dearth-of-judges/2362154/ Successive Union governments have failed to enact an appropriate Bill that sets the contours of an AIJS, faced with stiff opposition from states
Income Tax: Capital gain on sale of inherited property is liable to income tax – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-capital-gain-on-sale-of-inherited-property-is-liable-to-income-tax/2362111/ While no income tax liability arises on inheriting property upon death of father, the subsequent sale is taxable as ‘capital gains’ in the
Pratip Chaudhuri’s arrest: New rules say police needs prior nod to act against PSU officials – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pratip-chaudhuris-arrest-new-rules-say-police-needs-prior-nod-to-act-against-psu-officials/articleshow/87497769.cmsSynopsis The Department of Personnel & Training circular, published about a couple of months ago and after the arrest of Bank of Maharashtra executives
Monetisation scheme: Easier norms soon to woo gold depositors – The Financial Express
Clipped from: https://www.financialexpress.com/economy/monetisation-scheme-easier-norms-soon-to-woo-gold-depositors/2362214/ These are among the proposals being considered by the finance ministry before it finalises the next set of changes to the monetisation scheme
Stressed asset sales should take place earlier: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/stressed-asset-sales-should-take-place-earlier-rbi-committee-report/articleshow/87492225.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The RBI-appointed committee also recommended that the minimum net owned funds requirement for asset reconstruction companies should be doubled to two billion rupees.
Exports rise for 11th month, up 43.3% in October – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/exports-rise-for-11th-month-up-43-3-in-october/articleshow/87479003.cmsSynopsis Official data released on Monday showed a 62.48% rise in imports leaving a trade deficit of $19.9 billion compared to $9.15 billion and
Rural development ministry ties up with Flipkart to sell products made by artisans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rural-development-ministry-ties-up-with-flipkart-to-sell-products-made-by-artisans/articleshow/87490167.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Under the mission, poor women from different cross-sections of class and caste form into SHGs and their federations, providing financial, economic and social
Centre holds back cabinet note to amend drugs act amid debate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-holds-back-cabinet-note-to-amend-drugs-act-amid-debate/articleshow/87497720.cmsSynopsis The draft bill is learnt to have proposed imposing a fine for first offences, mandatory community/social work for second offences and imprisonment for
FM Nirmala Sitharaman asks transport, petroleum, steel ministries to front load capex spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/fm-nirmala-sitharaman-asks-transport-petroleum-steel-ministries-to-front-load-capex-spending/articleshow/87494622.cmsSynopsis In continuance to the drive towards accelerated capital spending and timely infrastructure development, she chaired review meetings with the Ministry of Road Transport
Aye, aye captain: Virat Kohli goes to bat against discrimination based on religion. Team spirit has no room for it
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/aye-aye-captain-virat-kohli-goes-to-bat-against-discrimination-based-on-religion-team-spirit-has-no-room-for-it/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
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