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    1. Business News
    2. Authors
    3. fe bureau

    FE Bureau

    The Council will also likely extend the time given to the seven-member group of ministers led by Karnataka chief minister Basavaraj S Bommai to suggest measures to rationalise GST rates as the two month time given to it has ended on November 27.
    GST Council may defer hike in rates on textiles; slab recast may be delayed

    Textile and footwear industries have been up in arms against the GST Council’s decision in September to correct the inverted…

    By FE Bureau
    December 30, 2021 07:22 IST
    Cryptocurrencies are prone to fraud and extreme price volatility, given their highly speculative nature, central bank said in its financial stability report.
    RBI reiterates concerns over private cryptocurrencies

    The report states that if well-designed and appropriately regulated, stablecoins could support faster, efficient, and more inclusive payments options.

    By FE Bureau
    December 30, 2021 07:21 IST
    RBI did observe that if the stress conditions do not materialise and the situation turns optimistic relative to the baseline, GNPA ratio of all banks may moderate.
    RBI sees banks’ bad loans rising again

    Within bank groups, public sector banks’ (PSBs’) GNPAs may deteriorate to 10.5% by September 2022 from 8.8% in September 2021…

    By FE Bureau
    December 30, 2021 04:15 IST
    EMI payments to smaller non-banking financial companies (NBFCs) and fintechs constitute a chunky share of requests made through the NACH platform.
    Auto-debit bounces above 30% in November

    In terms of value, the bounce rate on auto-debit requests stood at 25.16%, slightly worse than 24.83% in October.

    By FE Bureau
    December 30, 2021 02:15 IST
    According to experts, strong fundamentals of the company, justified valuations and strong subscription during the share sale were reflected in the market debut.
    Supriya Lifescience jumps 18.6% after bumper listing

    The scrip ended at Rs 463.05 on the BSE on Wednesday, up 18.6%.

    By FE Bureau
    December 30, 2021 02:00 IST
    Allowing a pre-pack resolution window for micro, small and medium enterprises (MSMEs) is expected to assuage the mounting pressure of pending cases before NCLTs, reduce haircuts and improve declining recovery rates, it added.
    Sarfaesi outperforms IBC in FY21 loan recovery: RBI data

    While fresh referrals under the insolvency law were suspended for a year up to March 2021, that had no bearing…

    By FE Bureau
    December 30, 2021 00:15 IST
    Tejas Goenka
    New advantage: Doing business on the move anytime, anywhere

    TallyPrime on AWS will empower small and medium entrepreneurs to manage their business more efficiently

    By FE Bureau
    December 29, 2021 09:15 IST
    Govt caps turnover growth for textile PLI benefits

    The ministry on Tuesday notified final guidelines for the PLI scheme, under which incentives will be extended for five years.

    By FE Bureau
    December 29, 2021 07:16 IST
    The gross non-performing asset ratio (GNPA) for scheduled commercial banks (SCBs) decreased to 6.9% as at the end of September from 7.3% in March, and 8.2% in FY20, due to lower slippages, according to data released by the Reserve Bank of India (RBI) on Tuesday.
    Banks’ gross NPAs decline to 6.9%

    In absolute terms, the gross bad loans of banks stood at Rs 8.37 lakh crore at the end of March,…

    By FE Bureau
    December 29, 2021 07:13 IST
    The European Medicines Agency has granted conditional approval to Novovax vaccine while Covovax has been granted emergency use listing (EUL) by WHO.
    India adds 2 new vaccines, 1 pill to Covid-19 arsenal

    As many as 13 companies in the country will now manufacture Molnupiravir and it will be used for treatment of…

    By FE Bureau
    December 29, 2021 05:30 IST
    The changes appear to have been prompted by the sales of shares via OFS in 2021 as financial investors exited companies.
    Sebi tightens IPO process with slew of new norms

    The regulator has, for book-built issues, mandated a minimum price band of at least 105% of the floor price. Sebi…

    By FE Bureau
    December 29, 2021 05:00 IST
    Biological E's Corbevax completed two Phase-III clinical trials involving more than 3,000 subjects between the ages of 18 and 80 at 33 study sites across India.
    Biological E to make 100 m doses of Corbevax per month

    The company said it has reached production levels of 75 million doses per month at present and would make 100…

    By FE Bureau
    December 29, 2021 02:15 IST
    This includes 1.07 crore refunds of AY 2021-22 amounting to Rs 21,021 crore,” the Income Tax department tweeted on Tuesday.
    Daily ITR filings almost double in a week

    A record 7.38 crore ITRs were filed in the previous assessment year (AY2020-21 or fiscal year 2019-20).

    By FE Bureau
    December 29, 2021 02:00 IST
    The regulator has also made amendments to other regulations, including tighter norms for primary markets, consent for closure of mutual fund schemes and rationalisation of settlement regulations.
    Sebi approves introduction of Special Situation Funds for investment in stressed assets

    The regulator said the minimum investment by an investor can be ₹10 crore, whereas it can be ₹5 crore in…

    By FE Bureau
    December 29, 2021 01:15 IST
    “In case the trustees fail to obtain the consent, the scheme shall open for business activities from the second business day after publication of results of voting,” Sebi said. 
    Sebi makes unitholders’ consent mandatory for closure of MF schemes

    The market regulator has made it mandatory for trustees of mutual funds to take unitholders’ consent ahead of winding-up/ closure…

    By FE Bureau
    December 29, 2021 00:30 IST
     As per terms of fuel supply agreement, CIL initially bills customers based on the declared grade of coal despatched.
    Data monitor: Power demand grew by 2.3% y-o-y in Nov

    The electricity requirement for FY22 to date has risen at a CAGR of 2.3% over the pre-pandemic level.

    By FE Bureau
    December 28, 2021 08:05 IST
    Siemens Gamesa to supply 302 MW wind turbines to Ayana Renewable

    The highest tariff of Rs 3.46/unit was discovered in the maiden auction, and the lowest rate of Rs 2.44/unit was…

    By FE Bureau
    December 28, 2021 08:04 IST
    Guj inks 16 MoUs as part of Vibrant Gujarat summit

    The MoUs were done in the areas of waste-to-energy, hospitality and defence accessories. Since last five Mondays, the state government…

    By FE Bureau
    December 28, 2021 07:13 IST
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