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    1. Business News
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    3. fe bureau

    FE Bureau

    In the DHFL matter, avoidance transactions relate to preferential, undervalued, fraudulent transactions defrauding creditors, fraud & wrongful trading, etc by the erstwhile promoters.
    Don’t let outcome of ‘avoidance transactions’ go to Piramals: NCLAT to DHFL lenders

    RBI had superseded the board of directors of DHFL through a notification on November 20, 2019. It filed a petition…

    By FE Bureau
    January 28, 2022 02:30 IST
    Inadequate savings When it comes to saving money, we as a nation are quite good at it, no? But do we save enough to encounter medical emergencies? The savings are inclined more towards being invested for better returns in the future.
    Your Money: Three reasons why you need health insurance

    Health plans take care of expenses like pre-/ post-hospitalisation charges, medicines, medical check-ups, and more

    By FE Bureau
    January 28, 2022 02:15 IST
    Normally, onions are exported throughout the year, but the rabi crop, which is sown in December- January and harvested post-March comprises majority of the export basket due to lower moisture content and longer shelf life of the bulb.
    Onion exporters hope for good season ahead as competition in export market hots up

    Onion prices have been on the higher side despite good arrivals. On Thursday, market arrivals at Lasalgaon, the country’s largest…

    By FE Bureau
    January 28, 2022 02:00 IST
    The MoU was signed by Gujarat additional chief secretary for industries Rajiv Gupta, and AM/NS India CEO Dilip Oommen, as part of the upcoming 10th edition of Vibrant Gujarat Global Investor’s Summit-2022.
    ArcelorMittal Nippon Steel India inks MoUs worth Rs 1.66 lakh crore with Gujarat govt

    The state government said through these projects, more than 1.80 lakh new employment opportunities will be created in Gujarat in…

    By FE Bureau
    January 28, 2022 01:30 IST
    With the Fed outcome behind the market, the focus will now shift to domestic triggers like the Union Budget, economic and core sector growth data.
    Taper tantrum: Markets spooked as Fed announces lift-off from March

    The hawkish commentary dragged the BSE Sensex down by 1,419 points or 2.4% during the day’s trade, but the benchmark…

    By FE Bureau
    January 28, 2022 01:15 IST
    Earlier this week, the company had garnered Rs 940 crore from 15 anchor investors, allocating around 4.09 crore equity shares at Rs 230 per share. At the upper price band of the offer, the company is seeking a market value of Rs 29,887 crore. Post listing, the promoters will hold an 88% stake in the company while 12% will be held by the public.
    Retail portion of Adani Wilmar IPO fully subscribed on Day 1

    Adani Wilmar commands a price-to-earnings multiple (P/E) of 36.11x, which is comparatively lower than its FMCG peers Hindustan Unilever (P/E…

    By FE Bureau
    January 28, 2022 00:45 IST
    Owing to lower slippages, Canara Bank made provisions amounting to Rs 2,946 crore in the reporting quarter. On a yearly basis, provisions were down 36%, while on a sequential basis they were down 31%. The lender’s provision coverage ratio improved to 83.26% as of December-end.
    Canara Bank Q3 net profit rises over two folds on lower provision, healthy NII growth

    During Q3, Canara Bank’s global gross advances rose 9.3% on year to Rs 7.29 crore.

    By FE Bureau
    January 28, 2022 00:30 IST
    Amit Gainda, CEO, Avanse Financial, said: “This is a significant milestone as it is the first securitisation transaction in the education loan space, invested by a global financial institution, establishing this segment as an asset class at an international level. It has enabled us to boost our diversified long-term stable funding strategy...”
    Avanse Financial raises Rs 357 crore facilitated by Northern Arc

    The funds will support expansion of the Avanse’s education financing programme. The organisation’s deep domain expertise, healthy portfolio and robust…

    By FE Bureau
    January 28, 2022 00:15 IST
    For the first time in independent India, the government was forced last year to consider halting this practice and look for alternatives, as it was difficult to maintain social distancing in limited space given the fears of Covid spread.
    Budget 2022 to go ‘paperless’ for the second time

    This also means there will be no trucks loaded with Budget papers this time at the Parliament complex on February…

    By FE Bureau
    January 27, 2022 03:00 IST
    Hyundai says Creta most exported SUV from India in 2021

    Hyundai Creta has emerged as the most exported SUV in India in 2021. The South Korean carmaker has exported 32,799…

    By FE Bureau
    January 26, 2022 09:03 IST
    Ad spends surpassed 2019 levels in 2021: Report

    Fintech, ed-tech and e-retail brands were some of the fresh and significant spenders of 2021

    By FE Bureau
    January 26, 2022 07:00 IST
    Net sales were flat at Rs 22,187 crore with production constrained by a global shortage of electronic components.
    Maruti profit falls 48% in Q3; net sales remain flat but costs rise

    Net sales were flat at Rs 22,187 crore with production constrained by a global shortage of electronic components.

    By FE Bureau
    January 26, 2022 04:45 IST
    Shares of both Axis Bank and Maruti Suzuki surged about 7% on Tuesday, after their quarterly earnings.
    Bull Charge: Markets stage a smart recovery

    Among Asian markets, India is the only major market where the benchmarks ended the session in the green.

    By FE Bureau
    January 26, 2022 04:15 IST
    AAI said China’s renewed measures to restrict scrap imports is leading to greater inflow of scrap into India.
    Raise customs duty on aluminium scrap to 10%: Aluminium Association of India

    China imposed 25% duty on aluminium scrap imports from the US and classified aluminium scrap in restricted import list from…

    By FE Bureau
    January 26, 2022 03:30 IST
    During September 2017-November 2021, nearly 6 crore new subscribers joined ESIC’s scheme, official data showed.
    New subscriber additions to ESIC’s schemes hit six-month low in November

    During the April-May period, the second wave of the pandemic was wreaking havoc in the country.

    By FE Bureau
    January 26, 2022 03:20 IST
    For those with more than Rs 5 lakh in deposits, the payout for the additional amount will be made in a staggered manner.
    Govt approves PMC Bank amalgamation scheme with minor tweaks

    The draft scheme envisaged principal payouts as and when they fell due.

    By FE Bureau
    January 26, 2022 03:00 IST
    Following protests from various state governments, the Centre agreed to lower the prices to assist farmers.
    Maharashtra urges Centre to review fertilisers’ price rise

    Maharashtra agriculture minister Dadasaheb Bhuse pointed out that the rabi season is in full swing and fertiliser demand is high…

    By FE Bureau
    January 26, 2022 02:15 IST
    federal bank
    Q3 was a strong quarter built on strong fundamentals: Shyam Srinivasan, MD & CEO, Federal Bank

    The bank continues to make good progress and credit quality is quite robust.

    By FE Bureau
    January 26, 2022 02:00 IST
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