Clipped from: https://www.business-standard.com/article/opinion/how-to-reconstruct-asset-reconstruction-companies-121051600864_1.html Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a
Stabilising ultra mega coal plant remains a major concern for Tata Power | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/stabilising-ultra-mega-coal-plant-remains-a-major-concern-for-tata-power-121051600834_1.html This at a time when the company is focusing on renewable energy The 4,000 Mw Mundra, Gujarat-based CGPL, is one of several “ultra
Microfinance institutions using AI, machine learning to disburse more loans | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/microfinance-institutions-using-ai-machine-learning-to-disburse-more-loans-121051600789_1.html Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies Imaging:
Unhappy with insurer’s response to your Covid claim? Move the ombudsman | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/unhappy-with-insurer-s-response-to-your-covid-claim-move-the-ombudsman-121051401193_1.html If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour Kimti Lal Khatri, 55, a resident of
After strong Q4 performance, Asian Paints faces multiple challenges | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/after-strong-q4-performance-asian-paints-faces-multiple-challenges-121051600733_1.html The Covid wave, rising raw material costs can impact near-term sales Multiple lockdowns across states and the fact that the impact of the
Truck rentals on key trunk routes down by further 5-7% in past fortnight | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/truck-rentals-on-key-trunk-routes-down-by-further-5-7-in-past-fortnight-121051600615_1.html Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability Poor
Non-resident entities seek withholding tax breather amid second Covid wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/non-resident-entities-seek-withholding-tax-breather-amid-second-covid-wave-121051700026_1.html In absence of certificates, they risk having 40% tax cut from revenues Lockdowns have been imposed over most of the country to slow
Crypto exchanges draw attention of regulators over brand promotions | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/crypto-exchanges-draw-attention-of-regulators-over-brand-promotions-121051700016_1.html According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the
Solar power: Levy of basic customs duty may hit tariff trajectory – The Financial Express
lipped from: https://www.financialexpress.com/industry/solar-power-levy-of-basic-customs-duty-may-hit-tariff-trajectory/2253036/ The role of imports in solar capacity addition is evident from the numbers for the April-January period of the last fiscal. In December,
Insurance & real estate: Panel moots cover for allottees & successors – The Financial Express
lipped from: https://www.financialexpress.com/money/insurance/insurance-real-estate-panel-moots-cover-for-allottees-successors/2252239/ A few general insurance firms offer title insurance to developers, housing societies and their shareholders The panel has suggested synchronised efforts to popularise
India launches probe against China, Thailand and Vietnam – The Financial Express
Clipped from: https://www.financialexpress.com/economy/india-launches-probe-against-china-thailand-and-vietnam/2253094/ Solar cells are the basic ingredient used in the manufacturing of solar modules and Chinese products are 15-20% cheaper than their Indian counterparts.
Liquidity Woes: Services exporters hit as benefits held back – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-woes-services-exporters-hit-as-benefits-held-back/2252982/ The SEIS was introduced in the Foreign Trade Policy (FTP) for 2015-20; the validity of the FTP has now been extended up to
Companies may get time to deposit unspent CSR funds with banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/cos-may-get-time-to-deposit-unspent-csr-funds-with-banks/articleshow/82689659.cmsSynopsis Companies are required to spend at least 2% of their average net profit of the preceding three financial years on CSR. In January,
Stricter RBI rules force auditors to rethink on assessing holding companies – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/stricter-rbi-rules-force-auditors-to-rethink-on-assessing-holding-cos/articleshow/82689602.cms Synopsis–Holding companies of large corporate entities are now categorised as “deemed” Non Banking Finance Companies (NBFCs) even if they have not borrowed a
Small businesses struggle to stay afloat in second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/small-businesses-struggle-to-stay-afloat-in-2nd-wave/articleshow/82690642.cmsSynopsis The second lockdown, following the more deadly second wave of the pandemic, has completely disrupted the entire payments cycle that’s critical for small
GST applicable on credit card expenses incurred by employees of MNCs’ India arms, rules AAR – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-applicable-on-credit-card-expenses-incurred-by-employees-of-mncs-india-arms-rules-aar/articleshow/82658752.cmsSynopsis As per the details of the case, ICU Medical Inc had provided credit cards to employees of its India subsidiary for incurring business-related
Interest for delayed payment on imported goods liable to GST: AAR – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/interest-for-delayed-payment-on-imported-goods-liable-to-gst-aar/articleshow/82659395.cmsSynopsis AAR observed that the holding company had “tolerated the act” of receiving payment after a lapse of a period of 120 days from
CBIC starts special drive to clear pending GST refund claims by month-end – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/finance/cbic-starts-special-drive-to-clear-pending-gst-refund-claims-by-month-end/articleshow/82675495.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In an instruction to all Principal Commissioners of Central Tax formations, the CBIC said there is a need to focus on timely disposal
Tractor sales to be hit as second Covid wave impacting rural areas: Escorts – The Economic Times
Synopsis The company, which has a joint venture with Japan’s Kubota, is looking at around 55 per cent growth in exports in 2021-22 with Europe
Sales of AC, other cooling products again hit by pandemic in peak season; companies now pin hopes on extended summer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/sales-of-ac-other-cooling-products-again-hit-by-pandemic-in-peak-season-companies-now-pin-hopes-on-extended-summer/articleshow/82677786.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Leading players in the segment including Voltas, Daikin, Blue Star, Panasonic and Haier reported almost 75 per cent dip in April sales this
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