lipped from: https://www.financialexpress.com/economy/lending-based-on-gst-data-improves-msmes-access-to-credit-vayana-network/2220474/ Vayana has till date enabled $6 billion in trade finance for 300 supply chains in 25 different industries and processed 1.7 million transactions.
“Be humble and honest above all else,” HDFC Bank boss pens a letter to employees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/keep-customers-at-the-forefront-says-hdfc-bank-chief-sashidhar-jagdishan-to-staff/articleshow/81681036.cms Synopsis–During a significant digital outage in November last year, Jagdishan had quickly stepped in to assuage customer fears and apologised for not living
Tata Digital’s acquisitions and investment limit set at Rs 12,000 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/tata-digitals-acquisitions-and-investment-limit-set-at-rs-12000-crore/articleshow/81681172.cms Synopsis–Tata Digital is waiting for the Competition Commission of India’s approval for its deal to acquire a 64.3% stake in e-grocer BigBasket. The
Reliance Retail tells govt e-commerce players bypassing foreign investment norms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/reliance-retail-tells-govt-e-commerce-players-bypassing-foreign-investment-norms/articleshow/81692788.cmsSynopsis At the meeting, Reliance Retail’s representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment
Companies need to disclose cryptocurrency holdings, benami properties and audit trail from April 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/companies-need-to-disclose-cryptocurrency-holdings-benami-properties-and-audit-trail-from-april-1/articleshow/81689358.cmsSynopsis In a plethora of changes to the disclosure rules under the Companies Act on Wednesday, the ministry of corporate affairs (MCA) significantly enhanced
Byju’s in talks with B Capital, others to raise $500-600 million, valuation may top $14B – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/byjus-in-talks-with-b-capital-others-to-raise-500-600-million-valuation-may-top-14b/articleshow/81689883.cmsSynopsis The primary capital infusion is largely to fund Byju’s acquisition of Aakash Educational Services which is being pegged at $700-800 million in size.
Vikas Malu hires top lawyers to stop Indian government from taxing his global income – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/vikas-malu-hires-top-lawyers-to-stop-indian-government-from-taxing-his-global-income/articleshow/81693413.cmsSynopsis Represented by Harish Salve, Abhishek Singhvi, and Nalin Talwar, the UAE-based businessman belonging to the Kuber group, moved the Supreme Court on Wednesday,
CBI raids 100 locations in bank frauds over Rs 3,700 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-raids-100-locations-in-bank-frauds-over-rs-3700-crore/story/434907.html CBI said that various incriminating documents and other material and digital evidences were recovered during the searches The Central Bureau of Investigation (CBI)
LIC policyholders can deposit maturity claim documents anywhere in India–business today
Clipped from: https://www.businesstoday.in/money/insurance/lic-policyholders-can-deposit-maturity-claim-documents-anywhere-in-india/story/434321.html LIC policyholders can deposit maturity claims documents at any of its 113 divisional officials, 2,048 branches, 1,526 satellite offices, and 74 customer zones,
Dmart stock gains as Maharashtra lockdowns build pressure on firm: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dmart-stock-gains-as-maharashtra-lockdowns-build-pressure-on-firm-analysts-121032201120_1.html As much as 72 per cent of the company’s stores reached their full strength almost in December, signaling a recovery The near-term trigger
ArcelorMittal makes the cut, emerges as sole bidder for Uttam Galva Steels | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/arcelormittal-makes-the-cut-emerges-as-sole-bidder-for-uttam-galva-steels-121032201133_1.html Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm ArcelorMittal had entered into a co-promotion
The revival of a worthy report – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-revival-of-a-worthy-report/2218136/ For real interest rate to be positive, inflation rate should be 3-4% per annum One wishes that this reality is well recognised in
‘RuPay’s market share by volumes is 34%’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rupays-market-share-by-volumes-is-34/2218027/ E-commerce is a very significant driver, but we are also seeing a lot of other interesting categories emerge. For example, we now have
All you need to know about perpetual bond controversy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article34134365.ece A circular from SEBI on perpetual bonds in the second week of March set off tensions between the Finance Ministry and the market
Chalking the road ahead for a bad bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/chalking-the-road-ahead-for-a-bad-bank/article34134154.ece For a bad bank to effectively resolve NPAs, a critical factor would the type of assets it acquires and the price paid for
Political economy of relative inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/political-economy-of-relative-inflation/article34133939.ece When non-core inflation falls but core inflation rises, it hurts farmers and exposes the structural faultlines in agriculture Since 2016, the Reserve Bank
DGFT to go fully digital, contactless, faceless, paperless: Commerce Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/dgft-to-go-fully-digital-contactless-faceless-paperless-commerce-secretary/article34134949.ece Department to help States prepare annual export ranking index for districts The Directorate General of Foreign Trade (DGFT) will soon be completely digitised
Clarify taxation of PF contributions–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/clarify-taxation-of-pf-contributions/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The government needs to clarify, at the earliest,
You can get Covid-19 even after being vaccinated, but it’s most likely very rare – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/you-can-get-covid-19-even-after-being-vaccinated-but-its-most-likely-very-rare/articleshow/81668019.cmsSynopsis Currently, there is no evidence that Covid-19 after vaccination is occurring because of changes in the virus. More than two months after he
Bombay HC asks for valuation of Karvy accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bombay-hc-asks-for-valuation-of-karvy-accounts/articleshow/81680532.cms Synopsis–IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder
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