Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunal – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/loss-in-foreign-exchange-on-external-commercial-borrowing-can-be-capitalised-tax-tribunal/articleshow/79444505.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market

SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW

RBI has set precedence in LVB bond write-off, will hurt other banks: Report – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument

Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November

online festive sales: Flipkart and Amazon corner 88% share of festive online sales: Report – The Economic Times

Clipped from: https://economictimes.indiatimes.com/tech/technology/flipkart-and-amazon-corner-88-share-of-festive-online-sales-report/articleshow/79434884.cmsSynopsis Pandemic woos new shoppers from small cities, offline retail slump helps e-commerce, the report said. Online marketplaces Flipkart Group and Amazon recorded combined sales of nearly $7.3

Q2 GDP shows India officially in recession but sequential improvement points to an economy on the mend – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/q2-gdp-shows-india-officially-in-recession-but-sequential-improvement-points-to-an-economy-on-the-mend/articleshow/79447729.cmsSynopsis The surprise was thrown by good performance by the manufacturing sector that showed marginal growth in the second quarter. However, the private consumption

interest loan waiver scheme: Who is eligible for compound interest waiver during moratorium and how much will be the benefit – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/borrow/who-is-eligible-for-compound-interest-waiver-during-moratorium-and-how-much-will-be-the-benefit/articleshow/78843816.cmsSynopsis The central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up

Hazy disclosures, vague reasons: how auditor exits continue to play with investor confidence – The Economic Times

Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/hazy-disclosures-vague-reasons-how-auditor-exits-continue-to-play-with-investor-confidence/primearticleshow/78858518.cms SynopsisNearly three dozen listed companies have seen auditor resignations this year. One of those cases, the UPL fiasco, highlights how patchy and insufficient

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