Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-repays-rs-2462-crore-to-its-term-lenders-aims-to-be-debt-free-in-the-short-term/articleshow/82523860.cmsSynopsis “This reduction of Rs.2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021,” the company said in
Category: Industry
Domestic steel players poised for strong deleveraging plans as prices surge | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/domestic-steel-players-poised-for-strong-deleveraging-plans-as-prices-surge-121051001139_1.html With profitability at record levels, even if steel prices correct by 15-20% going ahead, players would still be in a comfortable position to
Near-resolution assets may not go to bad bank amid Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/near-resolution-assets-may-not-go-to-bad-bank-amid-covid-19-pandemic-121051100040_1.html ARC expected to be functional next month Where there is a resolution likely in one or two months, and the order of the
RBI: Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Blackstone acquires Embassy Industrial parks for Rs 5,200 crore – The Financial Express
lipped from: https://www.financialexpress.com/industry/blackstone-acquires-embassy-industrial-parks-for-rs-5200-crore/2249486/ Embassy Industrial Parks’ warehouses are located across major industrial hubs including Bengaluru, NCR, Hyderabad as well as Pune, and are leased to leading
FAITH urges Centre, RBI to take measures to protect tourism and hospitality jobs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/faith-urges-centre-rbi-to-take-measures-to-protect-tourism-and-hospitality-jobs-in-the-country/article34527636.ece Seeks waiver or compensation for fixed statutory liabilities, direct benefit transfer of basic pay The Federation of Associations in Indian Tourism & Hospitality
SEBI moves to ringfence client collateral from broker default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-moves-to-ringfence-client-collateral-from-broker-default/article34529490.ece Markets regulator proposes to build a mechanism for reporting, dissemination and usage of information pertaining to collateral other than securities collateral Two decades
All you wanted to know about fractional ownership – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34528997.ece?homepage=true The term ownership usually signifies exclusive right over an asset. But what if the starting price of such an asset is out of
RBI to Banks–:Lend to healthcare space within 30 days of availing funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-banks-lend-to-healthcare-space-within-30-days-of-availing-funds/article34505796.ece The scheme will remain operational from May 7 this year till March 31, 2022 The Reserve Bank of India (RBI) on Friday said
Slashing of steel export rebate by China augurs well for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/slashing-of-steel-export-rebate-by-china-augurs-well-for-india/article34508853.ece Provides enough room for companies to raise prices as global rates pick up China’s withdrawal of export rebates of 13 per cent on
PLI scheme, basic customs duty: Only flickering benefits for solar power | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/will-pli-and-bcd-be-able-to-save-the-indian-solar-manufacturing-industry-121042800551_1.html A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture In 2015, the
This start-up brings some ‘difficult’ traditional vegetables back to kitchens – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/this-start-up-brings-some-difficult-traditional-vegetables-back-to-kitchens/article34501416.ece nGV Natural Industry is supplying two such vegetables – banana stem and tender jackfruit – in RTC format You would have tasted some
PLI: A stitch in time? Why the Govt needs to iron out the issues in PLI scheme for textiles – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/a-stitch-in-time-why-the-govt-needs-to-iron-out-the-issues-in-pli-scheme-for-textiles/articleshow/82474956.cmsSynopsis Textile sector has been identified as thrust the sector amongst the selected 13 sectors for which the Production Linked Incentive scheme (PLI) scheme
A bit too socially restrictive, SEBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-bit-too-socially-restrictive-sebi/articleshow/82464311.cmsSynopsis The classification of eligible activities should be flexible, within limits. And, indeed, these should target underprivileged groups. However, there is no reason to
Auto sales: It’s May-hem in auto, sales may fall 70-80% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/its-may-hem-in-auto-sales-may-fall-70-80/articleshow/82471748.cms Synopsis–Vinkesh Gulati, president for Federation of Automotive Dealers Association, says customer walk-ins and bookings are negligible, which is not a good sign for
Covid-19 loans: Banks using their own resources to get the benefit | Business Standard News
lipped from: https://www.business-standard.com/article/finance/banks-using-own-funds-for-covid-19-loans-can-take-reverse-repo-rate-benefit-121050700736_1.html Earlier, option of earning 40 bps extra was for banks using RBI’s Rs 50,000-cr window On May 5, RBI governor Shaktikanta Das announced
FPIs seek three months more to implement Sebi diktat on monitoring DRs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fpis-seek-three-months-more-to-implement-sebi-diktat-on-monitoring-drs-121050700973_1.html Cite legal hurdles and challenges in implementing the circular in its present form The diktat requires custodians to collect and report information on
On hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/on-hold/article34500577.ece?homepage=true FPIs are unlikely to return in strength until the Covid second wave ebbs and the economy stabilises Global liquidity, induced by monetary easing
SEBI notifies relaxed norms for listing start-ups- Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/sebi-notifies-relaxed-norms-for-listing-start-ups/story/438542.html The regulator has reduced the period of holding of 25 per cent of pre-issue capital of the issuer company by eligible investors to
Hospitals to reap the benefits of RBI’s health care liquidity injection | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/hospitals-to-reap-the-benefits-of-rbi-s-health-care-liquidity-injection-121050601444_1.html While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health
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