Insolvency Case: NCLT sets up monitoring panel for DHFL until Piramal Group’s resolution plan is implemented
The appointment of monitoring committee is typically done for the smooth implementation of the resolution plan. However, some experts are surprised at the appointment of observer cum permanent invitee in the DHFL monitoring c
Large steel players made gains in FY21
Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their portfolio.
Byju’s dethrones Paytm to become India’s most valued start-up at $16.5 billion
The latest investment values the company at about $16.5 billion. Paytm is valued at $16 billion.
Tax Relief: GST cut for Covid-19 test kits, drugs; no waiver for vaccines as vaccination is free in govt sector
The Union government has been of the view that tax concessions for vaccines are redundant, given that these are mostly made available free to people via government channels, while there is no guarantee that the private secto
Lockdowns, plant closures hit wholesale auto sales
The combined impact of lockdowns across states due to the rise in Covid-19 cases and many OEM's shutting down their plants temporarily has negatively impacted wholesale dispatches.
RBI extends risk-based internal audit system to housing finance firms
In February this year, RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.
SC fumes over delay in setting up migrant workers’ database
Explaining why National Information Commission may take three or four months to prepare the portal, the solicitor general and additional solicitor general Aishwarya Bhati submitted that the portal will be a “self sustaining
Finance minister asks ministries to accelerate capex, clear dues to MSMEs, PSUs
Besides secretaries of key departments, the meeting was attended by CMDs/CEOs of CPSEs under the ministry of road transport and highways, telecommunications and atomic energy.
Covid-19: National sero survey this month, to cover 21 states
He further said states, too, should also do their own sero surveys as national surveys alone would not suffice. This will be the fourth sero survey by ICMR.
Covid-19: Supreme Court rejects plea for fresh loan moratorium relief
The apex court then vacated a September 3, 2020, stay order that restrained banks from declaring as NPAs loan accounts that were not classified as NPAs prior to August 31, 2020.
Covid Woes: Moody’s downgrades GMR’s Delhi airport
DIAL is the concessionaire for the Indira Gandhi International Airport, in Delhi, and operates under an operations, management and development agreement with the Airports Authority of India.
Cut ‘controllable’ spending by 20%: Finance Ministry tells ministries
“...all the ministries/ departments are requested to take steps to curtail all avoidable non-scheme expenditure and aim for 20% reduction in controllable expenditure, in compliance of the above decision. Expenditure in 2019
India opens up for coal export as CIL allows overseas trade for auctioned coal
While spot e-auction was meant for all categories of Indian coal buyers including traders, special spot e-auction is also meant for the same category of buyers with a provision to lift the booked quantity of coal in an extend
SAIL net profit jumps 31% to Rs 3,470 crore in fourth quarter
Brokerage firm ICICI Securities said SAIL’s EBITDA margin for the January-March quarter was 26.4%, as against 11.5% in the same quarter previous fiscal.
DLF Q4 net profit at Rs 481 crore as housing sales pick up
DLF said office rentals grew by 10% during the fiscal, while retail business exhibited steady recovery during the second half of the fiscal.
USFDA rejection of Covaxin not to impact India’s Covid-19 vaccination drive
Their decision has no bearing on our programme, VK Paul, member, health, Niti Aayog, said at a media briefing on Friday. The country’s regulators are satisfied and have approved the vaccine with lot of data on safety and Ph
Employment growth suffered even before Covid-19 pandemic: Care Ratings
In a report, Care Ratings have found that between 2016-17 and 2019-20, headcounts in 2,723 listed companies increased by 2.2% compounded annual growth rate (CAGR).
Govt aims to raise domestic gas production by 75% in three years
Domestic natural gas production in FY21 was 28.6 BCM, while 30.5 MT of crude oil was produced in the country in the fiscal. Indigenous natural gas production caters to about 51% of the country’s requirements, while around 8
Only 9% of renewables announced since 2018 currently being installed: Report
Currently the installed renewable energy capacity in the country is 95,656 MW, and the report says that cumulative capacity addition in 2021 and 2022 is expected to be 17,100 MW. This pace makes it impossible to achieve the t
Base effect drives up IIP growth in April
In fact, the government released only the index readings for April on Friday, without announcing the growth rates, as comparisons with April 2020 data are fraught with risks of erroneous interpretations.
Shortage of soybean seeds drives prices
Farmers in Maharashtra are demanding seeds from the state-owned body, Mahabeej, which are available at Rs 2,100 to Rs 2,200 for a 30-kg pack, compared to soybean seeds from private companies that cost Rs 3,200-3,500.
Local lockdowns keep retail auto sales in the slow lane
Car sales have gone down in the month of May this year due to lockdowns implemented across states and many manufacturers even temporarily halting operations to break the chain.
Cell Propulsion raises $2 million from investors
Founded by Nakul Kukar, Paras Kaushal and Supratim Naskar, the Bengaluru-based Cell Propulsion builds and deploys electric commercial vehicles (eLCVs and eHCVs) as part of its integrated solution. Around September 2020, the c
Healthy Growth: Organic farm exports jump 51% in FY21
The products were supplied to 58 destinations, mainly the US, the EU, Canada, the UK, Australia, Switzerland, Israel and South Korea.
Future of work will be hybrid, says Chandrasekaran at TCS AGM
Last year, TCS had said that in the next five years, only 25% of its employees will need to work out of its facilities at any given point of time. The company had also pivoted to a new operating model that it calls ‘Secure
NHAI lashes whip again; Bars another company
Upon non-compliance, a show-cause notice was issued to Gayatri Projects. The reply given by the contractor explaining the deficiencies were found to be unsatisfactory.
GST Council to consider tax cuts for Covid-19 products on Saturday
The GOM, led by Meghalaya chief minister Conrad Sangma, is learnt to have recommended reduction of the GST rate temporarily to 5% for most of the Covid medicines and materials except vaccines.
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- India natural ally of G7: PM Narendra Modi
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- Corona LIVE: Tamil Nadu, J&K announce easing of restrictions; Kerala reports 11,584 new cases
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- RERA protects interests of homebuyers: Know its benefits
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