Category: Three Star
NBFCs begin provisioning for AIF exposure after RBI tightens norms
https://www.business-standard.com/finance/news/rbi-norms-nbfcs-start-provision-assessing-impact-for-aif-exposure-123122101008_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-norms-nbfcs-start-provision-assessing-impact-for-aif-exposure-123122101008_1.html Piramal to adjust Rs 3,164 cr; IIFL Finance sees Rs 161 cr impact Piramal Enterprises Ltd (PEL) and IIFL Finance have informed
India to provide duty cuts in FTA only if UK increases localisation to 45%
https://www.business-standard.com/industry/auto/india-to-provide-duty-cuts-in-fta-only-if-uk-increases-localisation-to-45-123122100948_1.html lipped from: https://www.business-standard.com/industry/auto/india-to-provide-duty-cuts-in-fta-only-if-uk-increases-localisation-to-45-123122100948_1.html The UK side has also opposed India’s proposal to provide duty cuts for electric vehicles priced above $85,000 Listen to This Article
https://www.business-standard.com/industry/banking/bank-frauds-increase-private-sector-lenders-make-more-write-offs-123122200303_1.html Clipped from: https://www.business-standard.com/industry/banking/bank-frauds-increase-private-sector-lenders-make-more-write-offs-123122200303_1.html Private banks in FY23 accounted for 74% of amounts written off due to fraud Illustration: Ajay Mohanty Listen to This Article The
Bandhan Bank gets binding bid worth ₹280.39 cr from ARC for housing finance NPA – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/bandhan-bank-gets-binding-bid-worth-28039-cr-from-arc-for-housing-finance-npa/article67663174.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/bandhan-bank-gets-binding-bid-worth-28039-cr-from-arc-for-housing-finance-npa/article67663174.ece The bank will take up the bidding as per the Swiss challenge method. However, the name of the ARC was not revealed
Taxmen reminded: Comply with rules on family members’ business activity, embrace the spirit – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece Clipped from: https://www.thehindubusinessline.com/economy/taxmen-reminded-comply-with-rules-on-family-members-business-activity-embrace-the-spirit/article67660673.ece The Income Tax Department has reminded officers to adhere to Rule 15(3) of the Central Civil Services (Conduct) Rules, directing the reporting
Residential sales in India expected to touch 260k units by end of 2023, highest since 2008: report – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/real-estate/residential-sales-in-india-expected-to-touch-260k-units-by-end-of-2023-highest-since-2008-report/article67661900.ece Clipped from: https://www.thehindubusinessline.com/news/real-estate/residential-sales-in-india-expected-to-touch-260k-units-by-end-of-2023-highest-since-2008-report/article67661900.ece The growth trajectory is poised to extend into 2024, anticipating sales of 290,000 and 300,000 units, fueled by robust demand and quality
Evolving crude oil import strategy: India’s spot volumes hit record high in FY23 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/evolving-crude-oil-import-strategy-indias-spot-volumes-hit-record-high-in-fy23/article67661861.ece Clipped from: https://www.thehindubusinessline.com/economy/evolving-crude-oil-import-strategy-indias-spot-volumes-hit-record-high-in-fy23/article67661861.ece The world’s third largest energy consumer’s crude oil imports from the spot market rose to 49.6 million tonnes (mt) in FY23, the
Farm exports could take $4-5 billion hit in FY24 due to curbs on wheat, rice, sugar – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/farm-exports-could-take-4-5-billion-hit-in-fy24-due-to-curbs-on-wheat-rice-sugar/article67662177.ece Clipped from: https://www.thehindubusinessline.com/economy/farm-exports-could-take-4-5-billion-hit-in-fy24-due-to-curbs-on-wheat-rice-sugar/article67662177.ece Cost of shipping basmati could go up affecting prices if Houthi attacks on Red Sea continue India’s agriculture exports could take a
RBI to offer higher amount to banks at VRR auction on Dec 22 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-to-offer-higher-amount-to-banks-at-vrr-auction-on-dec-22/article67662556.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-offer-higher-amount-to-banks-at-vrr-auction-on-dec-22/article67662556.ece The central bank has increased the amount to ₹1.75-lakh crore against ₹1-lakh crore offered last week The Reserve Bank of India (RBI) has stepped
PhonePe rolls out credit feature to help users manage credit cards, pay bills – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/phonepe-rolls-out-credit-feature-to-help-users-manage-credit-cards-pay-bills/article67662559.ece Clipped from: https://www.thehindubusinessline.com/companies/phonepe-rolls-out-credit-feature-to-help-users-manage-credit-cards-pay-bills/article67662559.ece The ‘credit’ section will enable users to view their credit bureau score without any additional cost Walmart-owned fintech major PhonePe has rolled out a
Piramal, IIFL Finance declare AIF exposure to assuage provisioning concerns – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/piramal-iifl-finance-declare-aif-exposure-to-assuage-provisioning-concerns/article67662688.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-iifl-finance-declare-aif-exposure-to-assuage-provisioning-concerns/article67662688.ece RBI had tightened norms for AIF investments by banks and NBFCs A day after the shares of Piramal Capital and IIFL Finance
RBI’s crackdown on AIFs points to serious violations – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/rbis-crackdown-on-aifs-points-to-serious-violations/article67662477.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-crackdown-on-aifs-points-to-serious-violations/article67662477.ece The fear of loan delinquencies in retail lending, and now among a section of commercial lenders, seems to have got the RBI
Can the board intervene in a CEO’s personal life? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/can-the-board-intervene-in-a-ceos-personal-life/article67663309.ece Clipped from: https://www.thehindubusinessline.com/opinion/can-the-board-intervene-in-a-ceos-personal-life/article67663309.ece The question is a nuanced one. The role of independent directors cannot be overstated here The line between a CEO’s professional and
Microsoft ending support for Windows 10 could send 240 mn PCs to landfills: report – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/microsoft-ending-support-for-windows-10-could-send-240-mn-pcs-to-landfills-report/article67664874.ece Clipped from: https://www.thehindubusinessline.com/info-tech/microsoft-ending-support-for-windows-10-could-send-240-mn-pcs-to-landfills-report/article67664874.ece The electronic waste from these PCs could weigh an estimated 480 million kilograms, equivalent to 3,20,000 cars Microsoft‘s plan to end support
Three tips for start-ups waiting to be funded – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/three-tips-for-start-ups-waiting-to-be-funded/article67655817.ece Clipped from: https://www.thehindubusinessline.com/companies/three-tips-for-start-ups-waiting-to-be-funded/article67655817.ece Growth capital raised at the right time is more beneficial than waiting for the right valuation or amount As the funding winter
Crude oil declines on rise in US inventory, production numbers – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/commodities/crude-oil-declines-on-rise-in-us-inventory-production-numbers/article67660858.ece Clipped from: https://www.thehindubusinessline.com/markets/commodities/crude-oil-declines-on-rise-in-us-inventory-production-numbers/article67660858.ece Commercial crude oil inventories increased by 2.9 million barrels against market expectations for a drop of 2.28 million barrels Crude oil futures traded
Residential sales in India expected to touch 260k units by end of 2023, highest since 2008: report – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/real-estate/residential-sales-in-india-expected-to-touch-260k-units-by-end-of-2023-highest-since-2008-report/article67661900.ece Clipped from: https://www.thehindubusinessline.com/news/real-estate/residential-sales-in-india-expected-to-touch-260k-units-by-end-of-2023-highest-since-2008-report/article67661900.ece The growth trajectory is poised to extend into 2024, anticipating sales of 290,000 and 300,000 units, fueled by robust demand and quality
Opportunity of personal hearing u/s 75(4) of GST Act mandatory even if not opted by assessee
https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html#google_vignette Clipped from: https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html#google_vignette Gabriel India Limited Vs State Tax Officer (Madras High Court) Conclusion: Since it was mandatory on the part of the respondents to provide
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