Clipped from: https://www.financialexpress.com/opinion/protecting-ibcs-spirit-nclt-focus-on-confidentiality-clause-in-videocon-industries-resolution-welcome/2273504/ The VIL-Twin Star case draws attention to the fact that creditors, at times, are realising pitifully small amounts—in the Alok Industries case, where
Author: Anil R Tikotekar
Some bright spots | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/some-bright-spots-121061701661_1.html There are still a number of risks to durable economic recovery There have been some points of good news for the Indian economy in recent
Gautam Adani loses $9 bn in three days in worst wealth rout | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/gautam-adani-loses-9-bn-in-three-days-in-worst-wealth-rout-121061700936_1.html The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion
Key obstacle removed with Yes Bank, Axis green signal to RCap’s asset sale | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/key-obstacle-removed-with-yes-bank-axis-green-signal-to-rcap-s-asset-sale-121061700858_1.html The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently
Jet Airways shareholders reject FY19 and FY20 accounts ahead of NCLT ruling | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-shareholders-reject-fy19-and-fy20-accounts-ahead-of-nclt-ruling-121061701203_1.html Institutional investors lead rejection brigade as Naresh Goyal abstains; proposal to appoint Sharp and Tannan as statutory auditors approved Shareholders of Jet Airways have rejected the
Flipkart, Amazon challenge Karnataka HC order allowing CCI probe | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/flipkart-amazon-challenge-karnataka-hc-s-order-to-restart-antitrust-probe-121061700542_1.htmlOn June 12, the High Court had dismissed Amazon and Flipkart’s writ petition, allowing antitrust watchdog CCI to continue with its probe. E-commerce firms Flipkart and Amazon have
New norms of TDS/TCS from July 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/new-norms-of-tdstcs-from-july-1/article34843196.ece?homepage=true Three key changes relate to purchase of goods, pension income and accelerated TDS rates for non-filers Businesses may be in for some extra
Surplus transfer: RBI can be characterised as ‘free-ranging’ goose, says article – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/surplus-transfer-rbi-can-be-characterised-as-free-ranging-goose-says-article/article34837103.ece?homepage=true The article refers to the recent ₹99,122-crore transfer to the Centre The Reserve Bank of India (RBI) can be characterised as a ‘free-ranging’
PLI scheme to help pharma sector boost investments in high-value generics – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pli-scheme-to-help-pharma-sector-boost-investments-in-high-value-generics/article34838613.ece?homepage=true To cut China imports and lift exports The production-linked incentive (PLI) schemes announced by the Government for key raw materials such as bulk
CII calls for ₹3 lakh crore fiscal stimulus to boost demand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cii-calls-for-3-lakh-crore-fiscal-stimulus-to-boost-demand/article34840644.ece?homepage=true Vaccine availability must grow twofold to provide at least one vaccine dose to all adults The Centre must rollout a fiscal stimulus of
Taper home stretch – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/taper-home-stretch/article34842265.ece?homepage=true Markets have been put on notice by Fed, which has signalled that easy money policy has run its course Global financial markets had
How savings were impacted by Covid second wave – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/how-savings-are-impacted-by-covid-second-wave/article34842686.ece?homepage=true Concerns over decline could hamper recovery Faced with the surge of Covid-19 infections in recent months combined with lockdowns that led to job
Rising dollar, crude oil negatives for rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rising-dollar-crude-oil-negatives-for-rupee/article34836996.ece?homepage=true However, strong foreign inflows, record forex reserves are positives for the rupee The Federal Open Market Committee (FOMC) of the US Federal Reserve
RBI pays higher-than-expected price to buy 10-year G-Sec – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-pays-higher-than-expected-price-to-buy-10-year-g-sec/article34842848.ece?homepage=true Bond yield declining about 3 basis points to 6.0192 per cent The Reserve Bank of India paid about 38 paise more to purchase
Rupee crashes, bond yields spike as Fed turns hawkish – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-crashes-bond-yields-spike-as-fed-turns-hawkish/article34843482.ece?homepage=true Top US central banker talks of unwinding the QE programme, raising interest rates Currency and bond markets turned intensely volatile following US Federal
A sterling order by Delhi high court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-sterling-order-by-delhi-high-court/articleshow/83582669.cmsSynopsis Welcome judicial action to check executive excess In passing the order they did, granting bail to three students charged with terrorist conspiracy under
Death without a will: Legal heirs of a woman if she dies without will – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/legal-heirs-of-a-woman-if-she-dies-without-will/articleshow/83456987.cmsSynopsis In most cases, a will ensures that the assets are transferred to the desired beneficiaries, which may not happen if a person dies
rbi loan moratorium: How borrowers can use second loan moratorium offered due to coronavirus: Should you opt for it? – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/borrow/how-borrowers-can-use-second-loan-moratorium-offered-due-to-coronavirus-should-you-opt-for-it/articleshow/83542400.cmsSynopsis You can apply for a complete holiday of any repayment be it principal or interest up to a total moratorium period of two
msme registration: Govt simplifies registration process for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/govt-simplifies-registration-process-for-msmes/articleshow/83551195.cmsSynopsis The government has simplified the registration process for micro, small and medium enterprises and they will now only need to furnish PAN and
NCLT raises doubt over confidentiality of liquidation valuation of Videocon – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/companies/nclt-raises-doubt-over-confidentiality-of-liquidation-valuation-of-videocon/articleshow/83574971.cmsSynopsis The liquidation value of Videocon Industries and its 12 group companies was Rs 2,568.13 crore and fair value of the assets was Rs