FE Bureau

Budget 2019: NBFCs seek special liquidity window, tax sops for retail investors in corporate bonds

Union Budget 2019 India: The minister met financial sector and capital market executives on Thursday morning and held another meeting with experts on infrastructure and climate change in the evening.

Union Budget 2019 India: Union Finance Minister Nirmala Sitharaman will present the Budget for 2019-20 on July 5 (PTI Photo) News

Insolvency: NCLT defers hearing on Jet Airways to June 20

The NCLT will issue notices to the grounded airline and if no one appears on behalf of Jet on June 20, the tribunal may may decide to admit the insolvency pleas ex-parte.

A section of Jet pilots is also planning to drag the grounded carrier to the insolvency court over pending salaries and other dues of around 600 pilots. News

Relief for Indiabulls as plea filed in Supreme Court by shareholder withdrawn

The writ petition filed in the Supreme Court (SC) against Indiabulls Housing Finance and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday.

The housing finance company (HFC) had on Wednesday moved the apex court for an urgent hearing of the writ petition. News

Rising defaults: SEBI unveils wider disclosure guidelines for credit rating agencies

The CRAs will also have to comply with a uniform Standard Operating Procedure (SOP) in respect of tracking and timely recognition of default.

According to sources in the rating agencies, the move will bring in more transparency in assessment of these agencies and ensure that quality of rating remains the same across the agencies. News

RBI purchases additional govt securities worth Rs 12,500 crore in June

According to Care ratings, liquidity conditions improved in the week ended June 7, with the average net outstanding liquidity for the week moving into a surplus for the first time after a period of 34 weeks.

The RBI had conducted OMOs worth Rs 15,000 crore on Thursday itself. News

Indiabulls group shares rally after petition withdrawn from Supreme Court

Shares of Indiabulls Housing Finance on Thursday closed 11.78% higher after a petition alleging misappropriation of funds was withdrawn from the Supreme Court.

On Wednesday, the Indiabulls Housing Finance stock had fallen 7.93% because of concerns over alleged misappropriation of around Rs 98,000 crore funds. News

Cyclone Vayu changes track but Gujarat ports to remain shut till Friday

Ports situated in Gulf of Khambhat including Hazira, Dahej and Pipavav too will decide on resuming operations only after the effect of ‘Vayu’ nullifies.

Rains lashed Vadodara city as cyclone Vayu hit Gujarat on Thursday (Image:Bhupendra Rana) News

Kerala sets up own rubber products firm to prop price

The state government had earlier announced the plan to go for a CIAL-model (Cochin International Airport Limited) company, with state government agencies and NRI investors holding the main stakes.

The move is aimed at insulating about 10 lakh farmers from the price vagaries of international rubber market. News

Soybean meal exports rise by 28% in FY19

Around 20 lakh tonne is expected to be exported while 6 lakh tonne would be used as food for domestic consumption and another 47 lakh tonne as feed for domestic consumption.

By the end of the season, total exports are likely to touch 20 lakh tonne as the country had a good crop last year News

Good News! Take-home salary of nearly 4 crore workers set to rise as ESIC contribution cut

ESI scheme being contributory in nature, all the employees in the factories or establishments to which the Act applies shall be insured in a manner provided by the Act.

Centre lowers mandatory ESIC contribution News

Agri-rural issues top agenda for NITI Governing Council meeting

The meeting, to be held at Rashtrapati Bhavan, would also be attended by lieutenant governors of Union territories, several Union ministers and senior government officials. This will be the first governing council meeting und

The meeting, which is to be held on June 15, would deliberate on measures to address pressing issues such as drought situation, rain-water harvesting and structural reforms in agriculture News

Major hurdle in flexible power generation scheme rollout removed

The power ministry, in April 2018, had allowed thermal power generation companies (gencos) the flexibility of using renewable energy sources to meet their contractual generation obligations.

Power procured through the scheme would now qualify for meeting renewable purchase obligations News

Bajaj-Uber announce partnership to launch quadricycle service

The Bajaj Qute is a driver-plus-three-passenger quadricycle, which is a four-wheeled motor vehicle that’s smaller and lighter than a passenger car.

This is Uber’s second such partnership, having recently collaborated with Yulu in Bengaluru to offer e-bikes News

Facebook makes its first investment in India-based start-up

Social commerce start-up Meesho connects buyers and sellers on social media platforms.

Facebook makes its first investment in India-based start-up News

After Hours: How Max Life Insurance’s Aalok Bhan unwinds after hectic work hours

Being in the life insurance industry, I get to deal with real problems that customers face. This encourages me to find solutions to serve them better while feeling a sense of satisfaction, said Aalok Bhan, Director & Chief Ma

Aalok Bhan, Director & Chief Marketing Officer, Max Life Insurance News

Learning the basics of forex trading

You need to invest through a Sebi authorised broker to ensure that your forex trading actions are legal

Currency pairs, such as US Dollar and INR, UK Pounds and INR or Euro and INR are the type of Forex trades allowed. News

Centre to soon decide on Huawei participation on 5G rollout

The source further said a decision has to be taken in India’s interests keeping in view the country’s capabilities, commercial and strategic requirements.

The trials for 5G are set to commence by the end of this month News

Highway construction: Steady pace, but private investments still elusive

Though the PPP segment has faltered and reliance on state-funded projects risen, highway construction has steadily grown under NDA.

Highway construction: Steady pace, but private investments still elusive (Representational image) News

‘Surplus’ Capital: Jalan panel yet to iron out differences, to meet again

The ECF panel was mandated to submit its report to the RBI within 90 days of its first meeting which took place on January 8.

Finance minister Nirmala Sitharaman will present the Budget 2019-20 in Parliament on July 5. News

Toreto Trilogy: A great choice for people on the move

Trilogy is a smart and stylish power bank with in-built charging cables

Trilogy comes with a Lithium Polymer Battery and is available in black and white colour. News

ZOHO offers SMEs free GST software – here’s what special in it

The offering is free for firms with an annual turnover of less than Rs 1.5 crore

Sridhar Vembu, CEO, Zoho Corp News

Mindtree stake: L&T’s open offer gets ‘fair and reasonable’ certificate

IT firm’s committee of independent directors advises shareholders to take an informed decision

Mindtree stake: L&T's open offer gets 'fair and reasonable' certificate News

Jet Airways likely to lose Boeing 777 fleet as US lender bank approaches DGCA

Jet possessed 10 B777-300 ER aircraft, which were funded by the Washington-based bank in 2005-06

Jet Airways likely to lose Boeing 777 fleet as US lender bank approaches DGCA News

Vrooming ahead: Honda Motorcycle to reconsider fresh investment in India

Amid falling two-wheeler demand and stringent government regulations, Honda Motorcycle and Scooter India (HMSI) is reconsidering any fresh investments to increase production capacity and launch electric vehicles in India.

Bollywood actors Akshay Kumar and Taapsee Pannu with HMSI managing officer, motorcycle operations, Noriaki Abe (centre) at the launch of Honda BS-VI Activa 125cc in Gurugram on Wednesday (Image—PTI) News

Will Rana Kapoor return at the helm? Yes Bank evades queries

The Yes Bank management is understood to have sidestepped shareholder queries with respect to former chief Rana Kapoor's reported bid to re-enter the bank through the board at its 15th annual general meeting here.

Yes Bank evades queries on Rana Kapoor return News

DHFL pays Rs 5.88 crore interest on NCDs

Dewan Housing Finance (DHFL) on Wednesday said it has paid around Rs 5.88 crore towards interest payable on non-convertible debentures (NCDs).

On Tuesday, DHFL had paid Rs 961.95 crore towards interest payable on secured redeemable non-convertible debentures (NCDs). News

Corporate bonds issuance via private placement see 4-fold rise

The key factor aided the fall in corporate bond yields in May was increased buying by domestic and foreign investors on improved market sentiments post the election results, which brought down yields in the secondary market.

Corporate bond yields witnessed a sharp fall across different maturities in May. News
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