Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/forensic-audit-more-a-witch-hunt-now-srei/article65185192.ece Says transaction audit has already been initiated by the insolvency administrator The forensic audit on two Srei group of companies — Srei Infrastructure
Month: March 2022
Exports up 22% in Feb; trade deficit widens on rising imports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/exports-up-22-in-feb-trade-deficit-widens-on-rising-imports/article65185159.ece On track to hit $400-billion export target for FY22; Russia-Ukraine crisis weighs Sharp increase in shipments of engineering goods, petroleum products, gems &
Eveready falls 7% after Burman Family makes an open offer to buy 26% shares | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/eveready-falls-7-after-burman-family-makes-an-open-offer-to-buy-26-shares-122030200362_1.html The open offer has been priced at Rs 320 per share aggregating to a total consideration of up to Rs 605 crore. Shares
E-Bill system will end ‘rent seeking’ in govt contracts: FM Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/e-bill-system-will-end-rent-seeking-in-govt-contracts-fm-sitharaman-122030200897_1.html Nirmala Sitharaman said the new Electronic Bill (e-Bill) processing system will stop any possible ‘rent seeking’ in the clearance of dues to contractors
Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/higher-nominal-gdp-may-give-centre-a-leeway-to-cut-duty-on-petrol-diesel-122030300050_1.html Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war Due to the Assembly
Opportunities and challenges for India as Russia reaches out amid sanctions | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/opportunities-and-challenges-for-india-as-russia-reaches-out-amid-sanctions-122030201237_1.html Gains likely with working of a crucial corridor, revival of Rupee-Ruble trade and benefits for Indian insurers; setback for New Delhi’s financial sector
Pace of govt capital expenditure not robust enough, feel policymakers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/pace-of-govt-capital-expenditure-not-robust-enough-feel-policymakers-122030300062_1.html The years FY21, FY22 and targets for FY23 have seen substantial jump in the Centre’s capex outlay. For a number of reasons, including
We will be looking at surety bonds biz: Bajaj Allianz General Insurance CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/we-will-be-looking-at-surety-bonds-biz-bajaj-allianz-general-insurance-ceo-122030300064_1.html Overall Covid claims constituted 20 percentage points (ppt) of the claim ratio movement, said Singhel Tapan Singhel, MD & CEO, Bajaj Allianz General
Firms to give 9.1%, salary increments in 2022, beat pre-Covid levels: Study | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/firms-to-give-9-1-salary-increments-in-2022-beat-pre-covid-levels-study-122030200403_1.html Almost all 450 organisations that participated in Deloitte Touche Tohmatsu survey are planning to give hikes. As business sentiment improves and companies take measures to
Two-wheeler sales skid 25% in February amid poor demand, chip shortage | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/two-wheelers-skid-25-in-february-amid-poor-demand-chip-shortage-122030200979_1.html Likely spike in fuel costs following soaring crude prices could delay recovery in the world’s largest market for scooters and motorcycles, said analysts
CCI cannot question pleadings of a party before a court: Amazon tells NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-cannot-question-pleadings-of-a-party-before-a-court-amazon-tells-nclat-122030201265_1.html The US e-commerce giant made this argument related to CCI’s show-cause notice issued to it in June last year Amazon A statutory authority
India stays conservative on gender roles, says Pew Research survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-stays-conservative-on-gender-roles-says-pew-research-survey-122030201565_1.html While views appear to have become somewhat progressive, the scales remain tilted in favour of men There appears to be a more progressive
Indian farmers can now trade in carbon credits to boost income | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/indian-farmers-can-now-trade-in-carbon-credits-to-boost-income-122030300039_1.html Farming contributes around 14% of the annual greenhouse gas emissions from India Farmers can claim carbon credits for a host of regenerative agricultural
Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/ Clipped from: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Figures%20shown Top Stories By Rasheela Basheer – On March 2, 2022 4:39 pm The CESTAT, Kolkata bench, last week held that the figures shown to
Russia-Ukraine war’s impact on global economy: What’s at stake? – BusinessToday
Clipped from: https://www.businesstoday.in/latest/world/story/russia-ukraine-wars-impact-on-global-economy-whats-at-stake-324513-2022-03-02 The Ukraine crisis has both magnified threat and complicated the potential solutions of several economic factors. Here’s a look at how global economy
The import (export) of the war for India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-import-export-of-the-war-for-india/articleshow/89931402.cms Synopsis They resumed their march within a week of the Russian invasion. Insurance premiums on cargo to the region are trending up as
Ukraine war may see import bills topping $600 bn this fiscal, pushing up inflation, CAD: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/ukraine-war-may-see-import-bills-topping-600-bn-this-fiscal-pushing-up-inflation-cad-report/articleshow/89936292.cms Synopsis Ratings agency India Ratings said the ongoing geopolitical risks arising from the Russia-Ukraine war would push India’s import bills higher for items
Centre defends PMLA provisions in Supreme Court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-defends-pmla-provisions-in-supreme-court/articleshow/89952526.cms Synopsis The apex court is hearing arguments on a batch of pleas concerning the interpretation of certain provisions of the PMLA. The Centre
Text of President Joe Biden’s State of the Union address – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/text-of-president-joe-bidens-state-of-the-union-address/articleshow/89936299.cms Synopsis Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court.
Sebi penalises individual for flouting insider trading rules in Manappuram Finance case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/sebi-penalises-individual-for-flouting-insider-trading-rules-in-manappuram-finance-case/articleshow/89950815.cms Synopsis Pankaj Agarwal had a meeting in March 2013 with I Unnikrishnan and Sachin Agrawal of MFL, wherein Pankaj Agarwal allegedly procured the
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