Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-fy23-can-nirmala-sitharaman-find-enough-resources-while-providing-more-for-capital-expenditure/articleshow/89233550.cms Abatement of pandemic to kick in virtuous investment cycle, generate jobs: CEA V Anantha Nageswaran Synopsis Nageswaran expressed hope the consumption share of
Month: January 2022
Ashneer Grover Updates: Ashneer Grover praises ‘legend’ Uday Kotak amid legal battle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/ashneer-grover-praises-legend-uday-kotak-amid-legal-battle/articleshow/89222740.cmsSynopsis “Uday Kotak is a legend. I had the fortune of starting my career in Kotak…and can tell you no one understands or does
RIL projects to save $300 million interest costs in FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-projects-to-save-300-million-interest-costs-in-fy23/articleshow/89223255.cmsSynopsis India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally. The estimated benefit on its borrowing
IDBI selloff: Potential investors want Rs 34kcr NPAs given to bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-selloff-potential-investors-want-rs-34kcr-npas-given-to-bad-bank/articleshow/89234148.cmsSynopsis These suggestions have been made in the investor feedback sought by KPMG, the transaction advisor for the IDBI Bank strategic sale, according to
RERA is coming up short in giving relief to homebuyers. What ails the legislation? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/real-estate/rera-is-coming-up-short-in-giving-relief-to-homebuyers-what-ails-the-legislation/articleshow/89197021.cms SynopsisAccording to data from the Ministry of Housing and Urban Affairs, RERA authorities across states have disposed of 82,750 complaints since the Act
Property stamp duty revenue Rs 1 lakh crore across 28 states in April-November – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/property-stamp-duty-revenue-rs-1-lakh-crore-across-28-states-in-april-november/articleshow/89238826.cmsSynopsis The average monthly SD&RCs collected by 28 states stood at Rs 12,500 crore in the first eight months of FY22, which was slightly
KKR drags Mantri Developers to NCLT over ₹145-crore dues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kkr-drags-mantri-developers-to-nclt-over-145-crore-dues/articleshow/89230341.cmsSynopsis The US PE firm’s real estate lending arm, KKR India Asset Finance, has filed an application with NCLT to start insolvency proceedings against
Former directors of Cox & Kings under Mumbai Police scanner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/former-directors-of-cox-kings-under-mumbai-police-scanner/articleshow/89234980.cmsSynopsis The city police had earlier arrested the promoter, Ajay Ajit Peter Kerkar, and former chief financial officer Anil Khandelwal, who are now in
CaMoney raised from capital markets more important than banks in financing revival: Economic Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/money-raised-from-capital-markets-more-important-than-banks-in-financing-revival-economic-survey/articleshow/89242323.cmsSynopsis “Risk capital (i.e. money raised from capital markets) has so far been more important than the banks in providing finance to the revival,”
Economic survey flags risks of imported inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-flags-risks-of-imported-inflation/articleshow/89241594.cmsSynopsis “The inflation in ‘fuel and power’ group of WPI was above 20 per cent reflecting higher international petroleum prices. Although the high WPI
India Economic Survey: Taper Tantrum 2.0? Eco Survey says India is better prepared this time around – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/taper-tantrum-2-0-eco-survey-says-india-is-better-prepared-this-time-around/articleshow/89241601.cmsSynopsis India’s Economic Survey for 2021-22 suggests that even as central banks across the world, particularly the US Federal Reserve, have started rolling back
Tax optimiser: These WFH expenses can help Kumar cut tax by more than Rs 33,000 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-optimiser-these-wfh-expenses-can-help-kumar-cut-tax-by-more-than-rs-33000/articleshow/89199078.cmsSynopsis Gadgets and furniture can be bought by the company and provided to the employee. The employee gets taxed for only 10% of the
Car Scrap | How to scrap a car: 5 things to know before doing it
Clipped from: https://economictimes.indiatimes.com/wealth/plan/how-to-scrap-a-car-5-things-to-know-before-doing-it/articleshow/89196795.cmsSynopsis The price is determined by weight of the vehicle to be scrapped and is typically Rs 15 per kilogram of metal parts. Scrapping involves
When can class III legal heirs stake claim to property of deceased person? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/when-can-class-iii-legal-heirs-stake-claim-to-property-of-deceased-person/articleshow/89197863.cmsSynopsis The property of a Hindu male who dies intestate, that is, without a will, devolves equally to his class I legal heirs. Raj
Economy to grow at 9.2% in current fiscal, 8-8.5% in FY23: Economic Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/economy-to-grow-at-9-2-in-current-fiscal-8-8-5-in-fy23-economic-survey/articleshow/89242658.cmsSynopsis According to the Survey, the growth projection is mainly on account of widespread vaccine coverage, gains from supply-side reforms and easing of regulations,
Economic Survey 2021-22: Experts give thumbs up to India’s growth spurt despite Covid uncertainty – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/economic-survey-2021-22-experts-give-thumbs-up-to-indias-growth-spurt-despite-covid-uncertainty/articleshow/89246632.cmsSynopsis Experts pointed out that the main reason for the lower forecast is non-availability of significant base effects in 2022-23 as compared to 2021-22.
Bank NPAs down but restructured advances could pose problems: Economic survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-down-but-restructured-advances-could-pose-problems-economic-survey/articleshow/89246386.cmsSynopsis Both gross NPA ratio and net NPA ratio of banks has declined since 2018-19 with GNPA ratio down to 6.9% in September 2021
Borrowers now try to resolve stress early: Economic Survey talks of behavioural change – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/borrowers-now-try-to-resolve-stress-early-economic-survey-talks-of-behavioural-change/articleshow/89246328.cmsSynopsis “Distressed assets have a life cycle and their value gradually declines with time. The fact that a corporate debtor may change hands has
Bad bank: ‘Bad bank faces new challenges with a change in structure’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-faces-new-challenges-with-a-change-in-structure/articleshow/89232836.cms SynopsisThe newly-minted bad bank faces obstacles in the resolution of stressed assets as the final structure and contours of the institution get more
Buy back shares, offer good premium, repeat. Can TCS give investors risk-free return this time, too? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/buy-back-shares-offer-good-premium-repeat-can-tcs-give-investors-risk-free-return-this-time-too/primearticleshow/88979536.cms SynopsisThis is the fourth share buyback by TCS in five years. The latest one is the largest at INR18,000 crore. When the company
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