Clipped from: https://www.business-standard.com/article/companies/parekh-brings-infosys-back-to-a-position-where-it-is-bagging-large-deals-121050501345_1.html Analysts across the segment agree that Parekh’s presence and focus on recharging the company has worked Salil Parekh, CEO of Infosys It has
RBI’s relief: Hit by second Covid wave, MSMEs call for more support | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-relief-hit-by-second-covid-wave-msmes-call-for-more-support-121050501527_1.html According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required RBI governor
Trade bodies disappointed with RBI measures to fight Covid-19 impact–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/trade-bodies-disappointed-with-rbi-measures-to-fight-covid-19-impact/story/438327.html The Consortium of Indian Associations (CIA), a group of over 30 trade bodies and regional small and medium scale industry associations expressed disappointment
Bad debt! Banks, NBFCs sell LAP loans to asset reconstruction companies–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bad-debt-banks-nbfcs-sell-lap-loans-to-asset-reconstruction-companies/story/438240.html The estimated LAP portfolio of banks and NBFCs is over Rs 6 lakh crore. Bankers suggest the gross NPAs in the LAP portfolio
15-year norm too liberal | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/15-year-norm-too-liberal-982434.html RBI has decreed that the post of MD and CEO of a private bank cannot be held by the same individual for more
Lockdown unviable, COVID-19 vaccine the only solution; here’s why–business today
Clipped from: https://www.businesstoday.in/opinion/columns/lockdown-unviable-covid-19-vaccine-the-only-solution-heres-why/story/437900.html It is time policymakers and the national disaster management team sit together and find out how to ramp up existing domestic production of
Lend a hand | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/rbi-rs-50000-crore-support-healthcare-coronavirus-7303491/ RBI measures to ease flows to health sector, small businesses are welcome. Greater government support is needed. The central bank has provided an
RBI unleashes another round of quantitative easing to limit economic damage of the second wave–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/rbi-unleashes-another-round-of-quantitative-easing-to-limit-economic-damage-of-the-second-wave/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Should India pile its reserves with gold? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/should-india-pile-its-reserves-with-gold/article34491705.ece While gold acts as a diversifier and does not carry any default risk, certain factors would warrant restricting the extent of holdings The
RBI’s rescue act | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-rescue-act-121050501378_1.html The move to avoid the moratorium route is a wise one The Reserve Bank of India (RBI) did most of the heavy lifting
GST shows signs of realising promise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-shows-signs-of-realising-promise/articleshow/82414400.cmsSynopsis For the economy as a whole, gross value added is equal to gross profits plus wages and salaries. The same holds at the
Necessary, RBI, but not sufficient – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/necessary-rbi-but-not-sufficient/articleshow/82414410.cmsSynopsis What industry needs more than additional pools of liquidity is discretion with bank branch managers to decide what kinds of leniency their clients
Foreign travelers may avoid India for quite a while – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/foreign-travelers-may-avoid-india-for-quite-a-while/articleshow/82397895.cms Synopsis–As per the Ministry of Tourism, the number of foreign tourist arrivals shrank to 0.21 million in the April-December period of 2020, compared
Two Indian vaccine shots aren’t yet enough for a vaccine passport – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/two-indian-vaccine-shots-arent-yet-enough-for-a-vaccine-passport/articleshow/82397974.cms Synopsis-Of the two vaccines in use in India, only Covishield, manufactured by Serum Institute of India (SII) under licence from AstraZeneca, has WHO
Auto industry output set to hit a 9-month low in May – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-industry-output-set-to-hit-a-9-month-low-in-may/articleshow/82394076.cmsSynopsis The total auto industry output this month is likely to be 1.2-1.5 million vehicles – almost half of the original plan, industry insiders
RBI: RBI buying gold in a big way to diversify forex assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-diversifies-forex-assets-with-42-tonne-gold-purchase-in-fy21/articleshow/82394036.cms Synopsis–The central bank ended FY21 with a valuation loss of its foreign exchange reserves as US treasury yields, where the bulk of the
RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-tells-mfis-to-improve-governance-loan-appraisal-system-assesses-pandemic-led-stress/articleshow/82390392.cmsSynopsis The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation—going beyond the accounting numbers of micro
Despite rangebound performance, FPI shareholding in RIL hits record 24.9% in March 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/despite-rangebound-performance-fpi-shareholding-in-ril-hits-record-24-9-in-march-2021/articleshow/82391667.cms SynopsisMajor factors that make RIL attractive to FPIs include the rising contribution of consumer facing businesses to the revenue, a balance sheet with
Steel makers raise prices by up to Rs 4,500 per tonne – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-makers-raise-prices-by-up-to-rs-4500-per-tonne/2245856/ Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices,
Get vaccinated, get a discount, offers Reliance General Insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/get-vaccinated-get-a-discount-offers-reliance-general-insurance/article34478505.ece For inoculated customers, additional, one-time, 5 per cent discount on Reliance Health Infinity policy In a bid to encourage Covid-19 vaccination, Reliance General
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