Clipped from: https://www.thehindubusinessline.com/companies/two-wheeler-makers-report-double-digit-decline-in-sales-in-april-on-mom-basis/article34473960.ece Honda, Bajaj Auto post record export sales Just like passenger vehicle manufacturers, major two-wheeler companies in the country, including Hero MotoCorp, Honda Scooter
Deadlines under Companies Act relaxed, late fee waived for various filings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/deadlines-under-cos-act-relaxed-late-fee-waived-for-various-filings/articleshow/82376629.cmsSynopsis The relaxation of charge-related timelines shall apply in cases where the creation or modification of the charge falls between April 1 and May
Number of open job positions saw sharp fall in April – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/number-of-open-job-positions-sawsharp-fall-in-april/articleshow/82378741.cmsSynopsis Open positions at the end of April dropped 31% from March to touch the lowest level in 2021, according to data from official
Rupee: Forwards premium on Rupee-Dollar soars up to 360 bps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/forwards-premium-on-soars-up-to-360-bps/articleshow/82378740.cms Synopsis–The cost of covering unhedged currency risks in the derivative markets surged on Monday, potentially affecting companies with large import bills, with the
Real estate projects to feel the pinch as steel, cement prices rise | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/real-estate-projects-to-feel-the-pinch-as-steel-cement-prices-rise-121050400003_1.html Road transport & highways ministry charges a 10x toll rate for major bridges, structures Photo: Bloomberg An increase in prices of raw materials
Pessimism on the rise: Consumer sentiment weakens in April amid Covid surge | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/pessimism-on-the-rise-121050300935_1.html Consumer sentiments have been battered particularly badly during the last three weeks The raging second wave of Covid-19 has had an adverse impact
E-way bills likely to fall to five-month low amid Covid-19 lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/e-way-bills-likely-to-fall-to-five-month-low-amid-covid-19-lockdown-121050400036_1.html Likely to decline to 55-58 million in April In April e-way bill generation may decline to 55-58 million, which is the lowest since
‘Saw 5-fold growth in account opening by women last year’: Ravi Kumar, co-founder and CEO, Upstox | INTERVIEW – The Financial Express
Clipped from: https://www.financialexpress.com/market/saw-5-fold-growth-in-account-opening-by-women-last-year-ravi-kumar-co-founder-and-ceo-upstox-interview/2245385/ The fast-spreading second wave of Covid-19 in India along with vaccine supply issues have caused volatility in the markets for a while now,
Let us pray: RBI needs to pull out all the stops to prevent another sharp drop in the rupee – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/let-us-pray-rbi-needs-to-pull-out-all-the-stops-to-prevent-another-sharp-drop-in-the-rupee/2245323/ The rupee, on the surface, appears to be playing its own game. Since the start of 2020, it has taken two major hits,
China wants to cut steel production volume; abolishes export rebates – The Financial Express
Clipped from: https://www.financialexpress.com/industry/china-wants-to-cut-steel-production-volume-abolishes-export-rebates/2245381/ The Chinese Ministry of Finance and the State Administration of Taxation (customs tariff commission) announced a total abolition of export rebates (13% on
Govt invites EoI latest by June 17 for Rs 11k-cr food processing PLI scheme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-invites-eoi-latest-by-june-17-for-rs-11k-cr-food-processing-pli-scheme/2245365/ Issuing detailed operational scheme guidelines for its Production Linked Incentive (PLI) scheme, the food processing industries ministry Monday invited an expression of interest
Income Tax Dept sets threshold for significant economic presence – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-sets-threshold-for-significant-economic-presence/article34473809.ece?homepage=true Appeal to Commissioner can be filed within the time provided or May 31 Appeal to Commissioner can be filed within the time provided
Delhi court junks interim bail plea of Malvinder Singh in PMLA case | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/delhi-court-junks-interim-bail-plea-of-ex-fortis-healthcare-promoter-malvinder-singh-in-pmla-case-121050301380_1.html The accused had expressed apprehension that he may contract Covid-19 infection in the Tihar jail Malvinder Singh A court here has rejected the
Intel CEO says chip shortage will persist for ‘couple of years’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/intel-ceo-says-chip-shortage-will-persist-for-couple-of-years/articleshow/82364203.cmsSynopsis Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard,
SC asks Centre to inform about settlement of insurance claims of healthcare professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-asks-centre-to-inform-about-settlement-of-insurance-claims-of-healthcare-professionals/articleshow/82373778.cmsSynopsis “While we are dealing with a terrible second wave of the COVID-19 pandemic, there must be an effective policy to ensure that the
Silence over labour reforms during state elections signals a deeper shift – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-silence-over-labour-reforms-during-state-elections-signals-a-deeper-shift/articleshow/82375994.cms Synopsis–In a scenario where access to oxygen cylinders, medicines, hospital beds is near impossible, none of the usual issues — GDP guesstimates, spiralling
India’s virus surge leaves another 7 million people jobless – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/indias-virus-surge-leaves-another-7-million-people-jobless/articleshow/82368881.cmsSynopsis State govts have been forced to extend curbs as the nation’s creaky health infrastructure can’t cope with the flood of virus cases, jeopardizing
IDBI Bank’s Q4 net profit soars to ₹512 crore – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-banks-q4-net-profit-soars-to-512-crore/article34471388.ece?homepage=true Sees robust 37.5 per cent increase in net interest income IDBI Bank’s standalone net profit soared almost four times in the fourth quarter
Apex Court: Cannot stop media from reporting judges’ oral observations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/apex-court-cannot-stop-media-from-reporting-judges-oral-observations/article34473345.ece “Unfolding of process of judicial thinking is equally of interest to the public” The ECI had complained to the Supreme Court about certain
Kotak Mahindra Bank’s consolidated net profit rises 36% in Q4FY21 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kotak-mahindra-bank-s-consolidated-net-profit-rises-36-in-q4fy21-121050300721_1.html Private sector lender Kotak Mahindra Bank on Monday reported a consolidated net profit of Rs 2,589 crore in the March quarter of FY21, up 36
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