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    FE Bureau

    Shriram City’s MLD paper is also available on Northern Arc’s alternative investment platform AltiFi.ai.
    Northern Arc executes Rs 300-crore debt for Shriram City

    The issuance was subscribed by multiple capital market investors. Shriram City will use the proceeds to cater to the financial…

    By FE Bureau
    December 8, 2021 01:30 IST
    In November, SBI had similarly sought bids for SRs issued against its exposure to CM Smith and Sons by Invent Assets Securitisation & Reconstruction in January 2015.
    SBI, Axis Bank put smaller corporate NPAs on sale

    On Tuesday, SBI sought full-cash bids for its Rs 68.31-crore exposure to Steelco Gujarat, with the reserve price set at…

    By FE Bureau
    December 8, 2021 00:16 IST
    E-way bill generation has been registering a steady rise since June 2021 after falling to below 4 crore in May when the second wave of the Covid pandemic was at its peak.
    E-way bill generation drops to lowest in 5 months in November

    The daily e-way generation was 20.38 lakh in November, down 14% on month compared with 23.71 lakh in October. However,…

    By FE Bureau
    December 7, 2021 06:30 IST
    “Boards have to set very clear directions to guide thought and action at every level. To ensure that the guidance is indeed being followed, boards need to find ways to maintain regular dialogue with peers and key stakeholders,” it said.
    Corporates will have to step up on achieving decarbonisation goals

    The adoption of measures remains low for Energy and Natural Resources (ENR) companies compared to other sectors. It is time…

    By FE Bureau
    December 7, 2021 06:25 IST
    Returns on NPS are far better than from other superannuation funds. For example, one-year return for the government sector subscribers under NPS was 12.6% in FY21, while it was 8.5% under EPFO and around 8% under superannuation funds run by insurance companies.
    NPS returns high, cover widening fast: PFRDA

    Subscribers to NPS have got average return of 10-12% over the last 12 years, PFRDA Chairman Supratim Bandyopadhyay on Monday…

    By FE Bureau
    December 7, 2021 06:15 IST
    Among the 12-point demands, they want scrapping of the labour codes and the essential defence services Act.
    Trade unions to hold strike across India on February 23-24

    They also want food and income support of Rs 7,500 a month to non-income tax paying households and increased allocation…

    By FE Bureau
    December 7, 2021 06:00 IST
    Finance Ministry says no plan to ‘boost’ cryptocurrencies

    In a written reply to a question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said: “No,…

    By FE Bureau
    December 7, 2021 05:45 IST
    As a result, the industry’s consolidated bank borrowings declining 26% in a short span of eighteen months between March 2020 and September 2021.
    Steel firms’ earnings may dip from Q3: Icra

    Icra said steelmakers started to aggressively deleverage since the second quarter of FY21 buoyed by strong earnings growth and capex…

    By FE Bureau
    December 7, 2021 05:15 IST
    The differences between Gangwal and Bhatia came out in the open in July 2019 after Gangwal sought Sebi’s intervention to address alleged corporate governance lapses at the company. Recently, an arbitration award was also passed relating to the dispute, the details of which have not been disclosed.
    New Development: IndiGo promoters call EGM to amend AoA

    The company’s shareholders had rejected a similar proposal of co-promoter Rakesh Gangwal to amend the AoA in January 2020.

    By FE Bureau
    December 7, 2021 05:00 IST
    The government under the “priority sector coal supplies” ordered that the available coal be diverted to the coal starved IPPs resultant shrinkage of supplies to the CPPs having coal based installed capacity of 56,000 MW of the CPP's total installed capacity of 78,000 MW.
    Captive power plants continue to suffer from coal shortage

    At present, coal rake supplies to the CPPs are at levels of 40-50%. CPP-based industries that play a critical role…

    By FE Bureau
    December 7, 2021 03:45 IST
    The 31 non-life insurance companies had written premiums worth Rs 14,919.43 crore in November 2020. (Representative image)
    There will be ‘mild increase’ in term plan premiums: Bajaj Allianz Life MD Tarun Chugh

    Addressing a virtual press conference, Chugh said it is difficult to estimate the likely impact of the Omicron variant of…

    By FE Bureau
    December 7, 2021 03:30 IST
    The European Medicines Agency is also evaluating the company’s application for conditional marketing authorisation for Novavax’s vaccine, which will be marketed in the European Union under the brand name Nuvaxovid.
    Covid-19 vaccine: WHO to consider emergency use listing of Covovax next week

    SII has a tie-up with US biotech company Novavax for the manufacture and supply of Covovax. The WHO approval for…

    By FE Bureau
    December 7, 2021 02:30 IST
    The non-bank lender will hold an extraordinary general meeting on December 31 to seek shareholders’ approval for the fundraise.
    Satin Creditcare board nod to raise up to Rs 225 crore via preferential issue

    The company will issue up to 30,76,920 shares amounting to Rs 25 crore to non-promoter category of investors, and issue…

    By FE Bureau
    December 7, 2021 01:15 IST
    The spread of the virus may trigger state and national lockdowns, which is likely to have a bearing on collections of non-bank lenders, it said.
    Omicron poses severe threat to securitisation volumes in H2: ICRA

    ICRA had earlier estimated securitisation volumes, including direct assignments, to reach Rs 1.2 lakh crore in the current fiscal (FY22),…

    By FE Bureau
    December 7, 2021 01:00 IST
    IIT Madras researchers enhance wearable assistive devices for hearing impaired with latest tech

    These wearable sensors will include latest sensor technologies used in the Inter- net of Things. Sony Pictures Networks India (SPNI)…

    By FE Bureau
    December 6, 2021 07:22 IST
    An art exhibition and an interactive pop-up installation were on display for the public to explore lockdown lessons through artworks and visual material produced for the project website.
    Goethe-Institut launches digital magazine

    Called ‘Proximity and Distance’, it discusses lockdown lessons

    By FE Bureau
    December 6, 2021 05:30 IST
    “The aim is to foster industry-academia collaboration and nurture talent in emerging technologies through real-world research, while helping Course5 Intelligence to continue to provide differentiated and market-leading solutions and products,” it said in a statement.
    Research major ties up with BITS, Woxsen

    We will do applied AI research: Course5 Intelligence

    By FE Bureau
    December 6, 2021 05:00 IST
    power
    Data monitor: Power demand up 11.5% y-o-y in YTDFY22

    Dues for distribution companies (DISCOMS) continued to mount, rising to Rs 1,159 bn as of Oct’21.

    By FE Bureau
    December 6, 2021 03:45 IST
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    Latest News

    The now-viral video shows police and fire dept officials pushing President Droupadi Murmu’s helicopter out of newly concreted helipad in Kerala.

    President Murmu’s helicopter gets stuck in newly concreted helipad – Video

    chatgpt atlas vs comet

    ChatGPT Atlas vs Perplexity Comet: Which of these can replace Google Chrome better?

    Bill Gates Indian TV debut

    Bill Gates to make his Indian TV debut with this iconic saas-bahu show

    Mukesh Ambani-led Reliance Industries added 600 new dark stores in Q2FY26, expanding its retail network to over 3,000 stores. Reliance Retail’s revenue grew 19% year-on-year, driven by strong performance in quick commerce, grocery, fashion, and electronics.

    Reliance Retail’s bold quick commerce push – adds 600 dark stores to speed up deliveries

    India agrees to cut Russian oil imports, US may slash tariffs to 15% under new trade deal: Report

    India agrees to cut Russian oil purchase, open agriculture- Trump may reduce tariff to 15%: Report

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