Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy-65-ibc-has-failed-will-a-bad-bank-succeed/story/430537.html At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also
What is going on with Elon Musk, Doge, Tesla and Bitcoin? Here is the story so far–business today
Clipped from: https://www.businesstoday.in/technology/what-is-going-on-with-elon-musk-doge-tesla-and-bitcoin-here-is-the-story-so-far/story/430741.html Musk’s Tesla on Monday announced that it invested $1.5 billion in the cryptocurrency. Tesla also mentioned the possibility of accepting payments in bitcoin,
Health insurance segment to witness double-digit growth in medium term, says IndRa
Clipped from: https://www.businesstoday.in/money/insurance/health-insurance-segment-to-witness-double-digit-growth-in-medium-term-says-indra/story/430621.html The agency said it is essential for insurers to maintain adequate buffers over the regulatory minimum so as to be prepared for any
Why Amazon is feuding with its partner Future Group and billionaire Mukesh Ambani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/explained-why-amazon-is-feuding-with-its-partner-future-group-and-billionaire-mukesh-ambani/articleshow/80768973.cmsSynopsis Jeff Bezos-led e-tailer accuses Future and its founder Kishore Biyani of flouting an interim order in October from a Singapore arbitration court that
After three months, WhatsApp Pay not in full play – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/after-three-months-whatsapp-pay-not-in-full-play/articleshow/80756294.cmsSynopsis WhatsApp’s payments platform is far behind rivals on transaction front, the company says slow start part of ‘strategy’ What’s up with WhatsApp, specifically
Government to include 4-day work week, ESIC facilities in final rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/government-to-include-4-days-work-per-week-esic-facilities-in-the-final-rules/articleshow/80751809.cmsSynopsis Currently, employers have to take consent of the government to reduce the number of work days in a week which has been fixed
Hold an LIC policy? Smile! You will have a quota in the IPO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/up-to-10-of-lic-ipo-issue-size-to-be-reserved-for-policyholders-mos-finance/articleshow/80768975.cmsSynopsis “In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to
Future Retail Q3 results: Reports net loss of Rs 847 cr; revenue falls 71% to Rs 1,507 cr – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/future-retail-q3-results-reports-net-loss-of-rs-847-cr-revenue-falls-71-to-rs-1507-cr/articleshow/80771888.cmsSynopsis Its revenue from operations was down 71 per cent to Rs 1,506.87 crore during the quarter under review as against Rs 5,193.19 crore
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
An unlikely competition: How Shopify is mounting a serious challenge to Amazon and Flipkart – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/an-unlikely-competition-how-shopify-is-mounting-a-serious-challenge-to-amazon-and-flipkart/articleshow/80749686.cms SynopsisShopify has been quietly and assiduously chipping away as an alternative to Amazon and Flipkart by getting small businesses to use its platform.
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
Tata Steel returns to black, posts over Rs 4,010 crore profit in December quarter – The Financial Express
Clipped from: https://www.financialexpress.com/industry/tata-steel-returns-to-black-posts-over-rs-4010-crore-profit-in-december-quarter/2191358/ During the October-December period of the current fiscal, its total income rose to Rs 39,809.05 crore from Rs 35,613.34 crore a year ago.
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
MSME registration crosses 20-lakh mark on Modi govt’s Udyam portal; nearly doubles in three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msme-registration-crosses-20-lakh-mark-on-modi-govts-udyam-portal-nearly-doubles-in-three-months/2191291/ Technology for MSMEs: Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal
‘India lost more than a year’s worth of growth; can’t afford to go on a debt binge’ – The Financial Express
Clipped from: https://www.financialexpress.com/budget/india-lost-more-than-a-years-worth-of-growth-cant-afford-to-go-on-a-debt-binge/2187664/ Union Budget 2021 India: The economic contraction — the first in India since the 1970s — has put pressure on its government like
Top 100 wilful defaulters owe lenders Rs 84,632 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/top-100-wilful-defaulters-owe-lenders-rs-84632-crore/articleshow/80753675.cmsSynopsis While banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear
Service complaints by bank customers rise 57 pc to over 3 lakh: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/service-complaints-by-bank-customers-rise-57-pc-to-over-3-lakh-rbi-report/articleshow/80754191.cmsSynopsis The number of complaints pertaining to ‘Direct Sales Agent (DSA) and recovery agents’ increased from 629 complaints in 2018-19 to 1,406 this year,
Basic Customs Duty on mobile phone components to spur localisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/basic-customs-duty-on-mobile-phone-components-to-spur-localisation/articleshow/80768190.cmsSynopsis Sandeep Narula, Chairman of ESC said: “The imposition of customs duty is designed to make India a strong assembling hub, and will considerably
budget 2021: Prudence doesn’t mean stinginess or frugality: TV Somanathan, Expenditure Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/prudence-doesnt-mean-stinginess-or-frugality/articleshow/80675313.cmsSynopsis Revenue estimates have been prepared in a somewhat conservative manner… The numbers are reasonable, but it can still go wrong. If we do
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