Clipped from: https://www.thehindubusinessline.com/opinion/columns/time-to-sell-the-small-stuff/article33752324.ece Scores of low-profile public sector companies on the block are the products of a different era The headline ‘Scooters India to be sold’
Category: Industry
PLI scheme to be launched on April 1 – WHITE GOODS: –The Financial Express
Clipped from: https://www.financialexpress.com/industry/white-goods-pli-scheme-to-be-launched-on-april-1/2189033/ Under the scheme, eligible investors are now proposed to get incentives of 4-6% on incremental sales (to be calculated over the base year
Key takeaways from the budget for businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/key-takeaways-from-the-budget-for-small-businesses/articleshow/80666227.cmsSynopsis The government proposes to strengthen the NCLT framework, implement the e-courts system and alternate methods of debt resolution and special framework for MSMEs.
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
MCA amends definition of small companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/union-budget-2021-live-news-nirmala-sitharaman-updates-february-03/liveblog/80661895.cms MCA amended the Companies Rules to revise the definition of a small company and to allow non-resident Indians (NRIs) to incorporate one person
Budget Impact on Companies: Goodwill depreciation out; companies face higher tax outgo
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/goodwill-depreciation-out-cos-face-higher-tax-outgo/articleshow/80659732.cmsSynopsis The proposal would influence some of the ongoing M&A deals and discussions on taking over companies going through bankruptcy proceedings. Many companies will
Flipkart Wholesale adds grocery to cart – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/flipkart-wholesale-adds-grocery-to-cart/articleshow/80671102.cmsSynopsis As a start, the grocery category will be available to retailers in Gurugram who can order products from the Flipkart Wholesale app Flipkart Wholesale,
Decoding the fine print of Nirmala Sitharaman’s ‘no harm’ Budget – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-2021-key-highlights/articleshow/80621984.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The FM’s third Budget tackles the considerable wishlist of industries and consumers that were impaired by the Covid-19 pandemic, while acknowledging the spending
MCA initiates decriminalisation of LLP Act – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-initiates-decriminalisation-of-llp-act/articleshow/80671734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government will decriminalise 12 compoundable offences under the Act and will omit section 73, which relates to penal provisions in case of
M&A costs to go up after Budget 2021 axes tax depreciation on goodwill | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/m-a-costs-to-go-up-after-budget-2021-axes-tax-depreciation-on-goodwill-121020300252_1.html The amendments on goodwill are retrospective as depreciation on any past goodwill, partly claimed in the past, would not be available going forward
Why pharma stocks are underperforming despite Rs 2.23 trn Budget allocation | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/why-pharma-stocks-are-underperforming-despite-rs-2-23-trn-budget-allocation-121020200620_1.html Much of the increase in this year’s Budget allocation for health and well-being is attributed to expenditure set aside for Covid-19 vaccination Union
NRIs will soon be able to float one person companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/nris-will-soon-be-able-to-float-one-person-companies/articleshow/80630943.cmsSynopsis Dedicating a separate portion of her 2021-22 Budget speech to company matters, Sitharaman said in the next fiscal year, MCA 21 portal will
Solar cell, modules manufacturing plan to boost domestic firms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/solar-cell-modules-manufacturing-plan-to-boost-domestic-firms/articleshow/80629877.cmsSynopsis Sitharaman said solar energy has a “huge promise” in India as her budget speech focused on sustainable power sources. MUMBAI: Finance minister Nirmala Sitharaman has
Tax benefit on mergers and acquisitions withdrawn – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-benefit-on-mergers-and-acquisitions-withdrawn/articleshow/80629225.cmsSynopsis The government in the Budget 2021 said that no depreciation would be allowed on goodwill. Up until now many companies would end up
Power distribution could land Rs 3-lakh crore reforms scheme today – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/power-distribution-could-land-rs-3-lakh-crore-reforms-scheme-today/articleshow/80618247.cmsSynopsis The loss reduction targets would be set state-wise and money will be disbursed gradually when they are achieved. While the prepaid smart
Government proposal of Rs 7,000 cr PLI for IT hardware insignificant; at least Rs 20,000 cr needed: MAIT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/government-proposal-of-rs-7000-cr-pli-for-it-hardware-insignificant-at-least-rs-20000-cr-needed-mait/articleshow/80612437.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Manufacturers’ Association of Information Technology (MAIT), whose members include Apple, Dell, HP and Lenovo, wants the government to address various disabilities that
How can Budget 2021 unleash greater potential for healthcare and pharma sector–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/how-can-budget-2021-unleash-greater-potential-for-healthcare-and-pharma-sector/story/429451.html Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union
India’s real estate market sentiment at three-year high, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-s-real-estate-market-sentiment-at-three-year-high-shows-data-121012800078_1.html The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space Buoyed on
Commercial power demand pick-up to take 6 months: Tata Power DDL CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/commercial-power-demand-pick-up-to-take-6-months-tata-power-ddl-ceo-121012500308_1.html “Ultimately, it is state discoms that do not have the desired level of performance. Private discoms have a good level of service and
Thanks to pandemic, IT cos register record high ’employee utilisation rate’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/thanks-to-pandemic-it-cos-register-record-high-employee-utilisation-rate/article33675453.ece?homepage=true In Q3, both Infosys and Wipro reported utilisation of 86.3 per cent The Covid-19 pandemic has put top IT companies in a Catch-22
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