Clipped from: https://www.thehindubusinessline.com/economy/textile-ministry-extends-timeline-for-pli-scheme-application-to-february-14/article64943538.ece Expects the number of submissions to go up following the extension The Textile Ministry has extended the timeline for applications for the Production
Month: January 2022
Bad Bank set to begin with 15 stressed assets worth ₹50,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/narcl-story/article64943691.ece NARCL will acquire the identified assets by paying the lenders 15% of the acquisition value in cash and 85% via Security Receipts In
L&T Q3 FY22 net profit falls 5 per cent to ₹2,517 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/lt-q3-fy22-net-profit-falls-5-to-rs-2517-crore/article64943481.ece Consolidated order book of the group was at ₹340,365 crore Larsen & Toubro (L&T), India’s largest infrastructure company, saw a decline of 5
Zomato picks up stake in AdOnMo, UrbanPiper; board approves incorporation of NBFC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/zomato-picks-up-stake-in-adonmo-urban-piper-board-approves-incorporation-of-nbfc/article64943864.ece To pick up 19.48 pc stake in ad-tech company AdOnMo Pvt Ltd for ₹112.20; will also pick up 5 pc stake in B2B
Real estate sector sentiment at all-time high in Q4 2021, shows report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/real-estate-sector-sentiment-at-all-time-high-in-q4-2021-shows-report/articleshow/89088942.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the report, the Future Sentiment score, that gauges the stakeholders’ expectation in the short to medium term, also remains in the
This Budget, Sitharaman needs to walk a tightrope – balancing demand boost and fiscal consolidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-this-budget-sitharaman-needs-to-walk-a-tightrope-balancing-demand-boost-and-fiscal-consolidation/articleshow/89142565.cmsSynopsis Gross tax collections in April-November 2021 are tracking at 70% of BE, the highest in the last 10 years. Overall, gross tax revenue
Centre’s interest burden may rise 15% in FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/centres-interest-burden-may-rise-15-in-fy23/articleshow/89144996.cmsSynopsis Interest payments are budgeted to consume over 45% of the Centre’s revenue receipts in FY22, against 36.4% in FY12. The Centre’s interest burden
Anand Mahindra responds after a car showroom salesperson insulted a farmer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/variety/anand-mahindra-responds-after-a-showroom-salesperson-insulted-a-farmer/article64940108.ece Anand Mahindra said that such incidents will be treated with “great urgency” Anand Mahindra, Chairman of Mahindra Group on Tuesday has tweeted regarding
Demand boost, a must to sustain the nascent growth revival – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/demand-boost-a-must-to-sustain-the-nascent-growth-revival/article64940537.ece The fiscal space can be used to reinvigorate consumer demand. Tax sops can also be considered for the salaried Harsh Pati Singhania The
Banks seek relief from GST notices, special disputes mechanism – The Financial Express
Clipped from: https://www.financialexpress.com/economy/banks-seek-relief-from-gst-notices-special-disputes-mechanism/2415995/ The IBA has also suggested that the quarterly issuance of TDS certificate (Form 16A) should be scrapped now. This is part of a
Need of the hour: Social media an absolute must for banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/need-of-the-hour-social-media-an-absolute-must-for-banks/2416559/ Building strong customer relationships through social media Uma Ganesh The need to have a physical presence across the length and breadth of the
US Fed is far behind the curve on controlling inflation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-federal-reserves-mad-scramble/2416607/ The current upsurge in inflation is not transitory or to be dismissed as an outgrowth of idiosyncratic Covid-19-related developments. It is widespread, persistent,
Extra Push: Capex outlay in FY23 pegged at Rs 10.5 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/economy/capex-by-centre-cpses-may-be-rs-10-5-lakh-crore-in-fy23/2416581/The Centre via Budget may invest 18% more in FY23 than in FY22 at around Rs 6.53 lakh crore to retain its budgetary capex
From powers of NCLT and HCs to DRAT rules, here’re key court orders | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/from-powers-of-nclt-and-hcs-to-drat-rules-here-re-key-court-orders-121010501375_1.html Several courts have been found to omit the ‘future prospects’ in income of youth who die in road accidents while calculating compensation Balancing
Credibility of govt accounting | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/credibility-of-govt-accounting-122012601218_1.html Are official revenue-expenditure records evaluated critically and exhaustively enough? At a centennial event in the first week of December 2021, the Public Accounts
GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-authorities-arrest-27-yr-old-for-issuing-bogus-rs-1-000-cr-bills-122012700058_1.html A local court remanded the arrested accused to judicial custody for 14 days Illustration An ‘accountant’ has been arrested for allegedly issuing bogus
Interest on non-payment of GST may be recovered without notice | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/interest-on-non-payment-of-gst-may-be-recovered-without-notice-122012700051_1.html But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices Photo: Shutterstock Backed by a
Are markets in for a wild ride after US Fed meet outcome? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/markets/are-markets-in-for-a-wild-ride-after-us-fed-meet-outcome-122012600099_1.html The US Fed’s signal of raising rates from March is the reason behind the stock markets’ volatile start to the year. Let’s delve
TCS world’s second most valuable IT brand, Infosys fastest growing: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tcs-world-s-second-most-valuable-it-brand-infosys-fastest-growing-report-122012600486_1.html Indian IT firms outpace US competitors in Brand Finance IT services ranking Tata Consultancy Services (TCS) Tata Consultancy Services (TCS) has become the second
Wall Street’s swings continue as investors agonise over Fed’s next move | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/world-market/wall-street-federal-reserve-inflation-7742236/ Investors are focused on the Fed’s next move as it focuses on slowing inflation by pulling back on its support for the economy.
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