Clipped from: https://www.business-standard.com/article/companies/resolution-primary-objective-of-ibc-but-recovery-important-too-sbi-md-122050100491_1.html Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery has to be an important factor while achieving resolution
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
*Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/edelweiss-arc-plans-to-deploy-rs-1-200-crore-to-acquire-bad-loans-122050101070_1.html With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management
Holcim’s sale of Ambuja Cement, ACC to be biggest exit of an MNC from India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/holcim-s-sale-of-ambuja-cement-acc-to-be-biggest-exit-of-an-mnc-from-india-122050101047_1.html Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore. The much-talked-about
*E-scooter sales slow down as global chip shortage woes continue | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/e-scooter-sales-slow-down-as-global-chip-shortage-woes-continue-122050100999_1.html The largest drop has been in Hero Electric, one of the largest players in the market The electric scooter juggernaut which has been
*Auto industry fails to pick up pace as chip shortage hurts production | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/auto-industry-fails-to-pick-up-pace-as-chip-shortage-hurts-production-122050100792_1.html Fresh chip scarcity may result in 4th straight year contraction in volumes Photo: Bloomberg Automakers struggled to lift sales in the first month of
*UPI hits record high in April with 5.58 bn transactions worth Rs 9.83 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/upi-hits-record-high-in-april-with-5-58-bn-transactions-worth-rs-9-83-trn-122050100480_1.html On YoY basis, the volume of transactions jumped 111% and while value increased by almost 100% Compared to March, volume of UPI transactions
Amazon warehouse: Amazon’s net loss prompts query: Has it built too many warehouses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/amazons-net-loss-prompts-query-has-it-built-too-many-warehouses/articleshow/91199631.cms Synopsis The world’s largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic
**From recession to inflation, how the US Fed has dealt with crises – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/from-recession-to-inflation-how-the-us-fed-has-dealt-with-crises/articleshow/91229425.cms Synopsis The Fed has long played a decisive role when the world’s largest economy faces tough times. Here are some of its major
GST Collection April 2022: GST revenue collection hits record Rs 1.68 lakh crore in April – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/gst-revenue-collection-hits-record-rs-1-68-lakh-crore-in-april/articleshow/91230829.cms Synopsis This comes after the second highest collection of ₹1.42 lakh crore that was reported in the month of March 2022. Goods and
*LIC IPO investors said to bid for double of anchor book – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/lic-ipo-investors-said-to-bid-for-double-of-anchor-book/articleshow/91235630.cms Synopsis Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors, the people said, asking not to be identified before
*Indonesia’s ban on palm oil exports a concern but impact to be transitory: FMCG industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/indonesias-ban-on-palm-oil-exports-a-concern-but-impact-to-be-transitory-fmcg-industry/articleshow/91234387.cms Synopsis Several industry leaders hint that they will reduce their reliance on palm oil in phases and shift to alternatives such as rice
*****Decoding embedded value of life insurers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/decoding-embedded-value-of-life-insurers/article65359889.ece Understanding the metric assumes significance in the wake of the upcoming mega LIC IPO on May 4 Yash and Chaitanya meet over a
*Malaysia plans to attract one million Indian tourists annually by 2024 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/malaysia-plans-to-attract-one-million-indian-tourists-annually-by-2024/article65366937.ece Expect at least 1 lakh Indian tourist arrivals in 2022, says Senior Director of Tourism Malaysia A view of the illuminated Kuala Lumpur’s
*Why wind developers are surrendering capacities won in auctions – The Hindu BusinessLine
clipped from: https://www.thehindubusinessline.com/companies/why-wind-developers-are-surrendering-capacities-won-in-auctions/article65370151.ece Out of 12,740 MW of projects that have been awarded, only 3,126 MW has been commissioned. | Photo Credit: JOSE MANUEL RIBEIRO Ultra-low
Forex violations: ED seizes ₹5,551 crore from Chinese firm Xiaomi – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/forex-violations-ed-seizes-5551-crore-from-chinese-firm-xiaomi/article65370179.ece FILE PHOTO: The logo of Xiaomi is seen inside the company’s office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo |
*Income tax return forms for FY 2021-22: 9 changes that require additional information from taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-return-forms-for-fy-2021-22-9-changes-that-require-additional-information-from-taxpayers/articleshow/90953633.cms Synopsis The income tax return (ITR) notified for FY 2021-22 does not have any major changes. However, finer/additional details have been asked in
*****Tax tribunal’s views differ in Thakkar ruling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-tribunals-views-differ-in-thakkar-ruling/articleshow/91220256.cms Synopsis The cases relate to South Mumbai residents, Dilip Thakkar, a reputed chartered accountant, and his wife Indira Thakkar whose father had set
Yes Bank-DHFL fraud case: CBI raids underway in Mumbai, Pune – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/yes-bank-dhfl-fraud-case-cbi-raids-underway-in-mumbai-pune/articleshow/91201881.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These sources added that searches were underway at eight locations in Mumbai and Pune. The raids come days after the federal agency
*Need framework to study impact of insolvency law: Corporate Affairs Secretary Rajesh Verma – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/need-framework-to-study-impact-of-insolvency-law-corporate-affairs-secretary-rajesh-verma/articleshow/91202894.cms Synopsis Emphasising that the government and regulator IBBI have been constantly making course corrections to address any gaps in the Insolvency and Bankruptcy
*Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DG – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/deep-haircuts-comparing-realisations-with-outstanding-loans-not-reasonable-to-assess-ibc-effectiveness-says-rbi-dg/articleshow/91210341.cms Synopsis Financial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors
