Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Category: Industry
Ministry of Corporate Affairs nudges Sebi on startup listing rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/mca-nudges-sebi-on-startups-listing-rules/articleshow/82315977.cmsSynopsis A startup that has listed on the IGP platform can migrate to the mainboard provided the company meets several conditions, including a profit
Sebi gives more time to brokers, clearing members for compliance with rules – The Financial Express
Clipped from: https://www.financialexpress.com/market/covid-19-sebi-gives-more-time-to-brokers-clearing-members-for-compliance-with-rules/2242639/ The deadline for maintaining call recordings of orders or instructions received from clients has been extended till June 30, 2021, Sebi said in
SEBI eases compliance requirements, cos can file Q4 results till Jun 30–business today
The companies have also been given an additional month till June 30 to file their annual secretarial compliance report. SEBI also eased compliance requirement for
Tata to finally enter online grocery with CCI nod to BigBasket stake deal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-to-finally-enter-online-grocery-with-cci-nod-to-bigbasket-stake-deal-121042900892_1.html With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs
Promoters go for ‘asset protection trusts’ fearing default – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/promoters-go-for-asset-protection-trusts-fearing-default/articleshow/82298238.cms Synopsis–Many companies have seen profitability crash or even entire business models facing major disruption due to Covid pandemic driven demand slump. The fear
Chip shortages make manufacturers prioritise how to allocate resources | Business Standard News
Clipped from: https://www.business-standard.com/article/international/chip-shortages-make-manufacturers-prioritise-how-to-allocate-resources-121042801275_1.html Manufacturers are warning that production will continue to be affected because of the deepening chip crisis. It’s also shaken complacent companies to move
MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-loans-nbfc-lenders-stare-at-significant-dip-in-lending-for-at-least-three-months-amid-covid-2-0/2241981/ Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of
Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-to-fm-sitharaman-give-eclgs-benefits-6-month-moratorium-interest-rate-cut-to-fight-covid-2-0/2242034/ Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26
Atmanirbharta: Making a case for stainless steel – The Financial Express
lipped from: https://www.financialexpress.com/opinion/atmanirbharta-making-a-case-for-stainless-steel/2241314/ Increase the usage of stainless steel and ensure no dumping takes place It is a misnomer that the price of Indian companies’ stainless
The perils of irrational exuberance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-perils-of-irrational-exuberance/article34432317.ece As Piketty observes, when the returns on wealth exceed GDP growth, the result is a massive rise in inequality One of the apparent
Upholding the ‘right of refusal’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/upholding-the-right-of-refusal/article34239257.ece A general understanding of the ‘Right of first refusal’ and the power of the Board to refuse registration of transfer could be gained
Banks with assets of more than Rs 15,000 crore must hire two auditors | Business Standard News
lipped from: https://www.business-standard.com/article/finance/commercial-banks-ucbs-to-have-a-minimum-of-two-firms-for-statutory-audit-121042700399_1.html Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors
Defer PLI targets for global, domestic smartphone cos: Industry associations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/defer-pli-targets-for-smartphone-cos/articleshow/82247086.cms Synopsis–Nine out of ten companies under the PLI scheme for handsets could not meet the year one incremental sales turnover targets in the
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-issues-guidelines-for-appointment-of-statutory-auditors-of-banks-nbfcs/articleshow/82270246.cmsSynopsis As per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors
Banks, UCBs with asset size of over ₹15,000 crore must have two auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-guidelines-require-banks-ucbs-and-nbfcs-to-appoint-auditors-for-3-years/article34420924.ece?homepage=true RBI issues guidelines for appointment of auditors in banks, co-op banks, NBFCs In a bid to ensure independence of bank auditors, the Reserve
Confidence level of US, Europe high; India stress will reduce: CP Gurnani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/confidence-level-of-us-europe-high-india-stress-will-reduce-cp-gurnani/articleshow/82262268.cms Synopsis–Tech Mahindra chief executive CP Gurnani said the IT services provider is on a growth path as its core telecom customers as well
Flush with funds, start-ups go on a hiring spree in 2020 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flush-with-funds-start-ups-go-on-a-hiring-spree-in-2020/article34417236.ece Vedantu tops with 5,093 net addition, according to data Flush with fresh funds and business growth, start-ups stepped up hiring in 2020 even
ICICI Bank shares: Deja Vu for ICICI Bank investors: Will it be better this time? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/deja-vu-for-icici-bank-investors-will-it-be-better-this-time/articleshow/82260544.cms Synopsis–Investors would recollect that the last time ICICI Bank had reported better growth than HDFC Bank was in the mid-2000s when the former
Blow to Uday Kotak as RBI caps tenure of bank founders, CEOs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/blow-to-uday-kotak-as-rbi-caps-tenure-of-bank-founders-ceos/articleshow/82259687.cmsSynopsis “While examining the matter of re-appointment of such MD&CEOs or WTDs within the 12-15 years period, the level of progress and adherence to
aniltikotekar4sme.com 