Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/companies-with-overseas-liabilities-rush-to-cover-currency-risk/articleshow/92943366.cms Synopsis With the rupee breaching the psychological ₹80 versus the US dollar for the first time and the spot market USD-INR gauge heading
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.
Digital lenders: Towards inclusion of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-lenders-towards-inclusion-of-msmes/article65651447.ece MSME focussed digital lenders have brought inclusion and formalisation of credit by providing widespread access to information India is now a country of
*****‘May’ does not mean ‘shall’ says SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/may-does-not-mean-shall-says-sc/article65643710.ece To reduce a legal nuance into simple English, ‘may’ means existence of discretion, while ‘shall’ means no option Who would have thought that
Is the ‘beneficial owner’ also a ‘related party’? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/is-the-beneficial-owner-also-a-related-party/article65639552.ece The Bombay High Court judgment in the case of World Crest Vs Yes Bank seems to put financial creditors at a disadvantage Close on the
*Brookfield to buy 51% stake in Bharti Enterprises’ 4 commercial properties for ₹5,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/canadas-brookfield-to-buy-51-per-cent-stake-in-4-commercial-properties-of-bharti-enterprises-for-rs-5000-crore/article65280999.ece Worldmark Aerocity (Delhi), Worldmark 65, Airtel Center (Gurgaon) and Pavillion Mall (Ludhiana) have a total area of 3.3 million square feet New Delh,
*******The downside to trade settlement in rupees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-downside-to-trade-settlement-in-rupees/article65651671.ece For this move to succeed, raising imports and exports and implementing major financial market reforms are vital The Reserve Bank of India’s recently
*Mid-size IT firms forced to move where talent is – small towns – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/with-resistance-to-getting-back-to-office-smaller-it-firms-set-up-centres-closer-to-employees-home-town/article65650266.ece With many refusing to exit the WfH mode hastening the move; Ramco Systems and Access Healthcare are setting up centres at Madurai, while
*Top 20 dividend-paying firms raise shareholder rewards in FY22: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-turns-generous-with-dividend-payouts-122071700431_1.html Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal Illustration: Ajay Mohanty Hindustan Zinc (HZL), a subsidiary of Vedanta, announced
*Rupee close to 80 per dollar: How RBI steps may help stabilise it | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/rupee-close-to-80-per-dollar-how-rbi-steps-may-help-stabilise-it-122071701043_1.html Over the past month, the RBI has also taken several steps to attract fresh overseas capital to Indian markets Illustration: Ajay Mohanty The rupee has
*Business Standard poll: The worst may soon be over for rupee, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/business-standard-poll-the-worst-may-soon-be-over-for-rupee-say-experts-122071700681_1.html Illustration: Ajay Mohanty The Indian currency, which has depreciated almost 7 per cent against the dollar in 2022, may not weaken much over
*Pay 5% GST on pre-packed, labelled food items, hospital rooms above ₹5,000 from Monday – The Hindu
lipped from: https://www.thehindu.com/business/pay-5-gst-on-pre-packed-labelled-food-items-hospital-rooms-above-5000-from-monday-july-18-2022/article65650139.ece?homepage=true Hotel rooms with tariff of up to ₹1,000/day, maps and charts, including atlases, will attract a 12% GST File photo for representation. Hotel
‘Account Aggregator framework is a boon to SMBs as lenders won’t be able to store, analyse, sell financial info’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-account-aggregator-framework-is-a-boon-to-smbs-as-lenders-wont-be-able-to-store-analyse-sell-financial-info/2584155/ Credit and Finance for MSMEs: With the AA framework in place, India’s financial ecosystem will see a complete transformation. It will do to
*****Hospital room rent to become costlier as GST applicable from July 18 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/hospital-room-rent-to-become-costlier-as-gst-applicable-from-july-18/articleshow/92898194.cms Synopsis The Goods and Services Tax (GST) council in its last meeting held on June 28-29, 2022, decided to expand the tax base
*Rupee fall fuels inflation, but makes exports competitive: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-fall-fuels-inflation-but-makes-exports-competitive-experts-122071700440_1.html?code=NTM4OTU9MTIyMDcxNzAwNDQw Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more
*HDFC Bank lost Rs 50k-cr corporate loans as competitors offered lower rates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/hdfc-bank-lost-out-rs-50-000-cr-corporate-loans-after-interest-rate-hike-122071700233_1.html?code=NTM4OTU9MTIyMDcxNzAwMjMz Merger-related dispensations separately handled by RBI, says HDFC Bank CFO Srinivasan Vaidyanathan HDFC Bank, the country’s largest private-sector lender, lost to competition wholesale
*AP man donates his retirement funds for SSY scheme, gets PM Modi’s pat
lipped from: https://www.deccanchronicle.com/nation/politics/300522/pm-hails-ram-bhupal-for-giving-his-retirement-benefits-to-100-girls-un.html Markapuram Rambhupal Reddy. (DC) Nellore: Prime Minister Narendra Modi heaped praise on Markapuram Rambhupal Reddy of Andhra Pradesh during 89th episode of Mann Ki
*IT stocks outlook: IT stocks to stay under pressure in the near term: Morgan Stanley – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-to-stay-under-pressure-in-the-near-term-morgan-stanley/articleshow/92912122.cms Synopsis The IT index on the BSE ended down 0.2% at 27,122.90 after hitting a 52-week low during the session. These shares have
*Rupee’s weakening against the dollar ‘quite mild’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/strength-of-us-dollar-against-inr-quite-mild-govt-sources/article65647297.ece Greenback strengthening against other currencies as well Strengthening of dollar against the rupee has been quite ‘mild’, government sources said on Saturday. In
*Annual Information Statement (AIS) – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-annual-information-statement-ais/article65639111.ece Ravi and Teja meet at their snooker club and during the game an interesting conversation related to income tax filing follows. Ravi: I think
*Does TCS have more room to fall? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-does-tcs-have-more-room-to-fall/article65646957.ece We zoom in on its prospects, as also that of two other stocks: Indian Oil Corporation and Venky’s (India) I have bought shares
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