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FE Bureau

Dhanlaxmi bank, new MD, CEO of Dhanlaxmi Bank, JK Shivan
Dhanlaxmi Bank appoints JK Shivan as MD & CEO

Dhanlaxmi Bank said on Tuesday that the resolution to appoint JK Shivan as the next managing director and CEO of…

By FE Bureau
January 27, 2021 07:44 IST
But Rakesh Tikait, spokesperson of the Bharatiya Kisan Union (Tikait), blamed Delhi Police for blocking the approved the rally route from the Ghazipur border, even as farmers reached Akshardham before the completion of the Republic Day parade.
Samyukta Kisan Morcha disassociates itself from violence during tractor rally

Condemning the incident, which brought shame on the entire movement, Pal also said “not only it very much weakened the…

By FE Bureau
January 27, 2021 02:15 IST
The holding company faces debt maturities of about $1.2 billion till March 2022.
S&P revises Vedanta Resources outlook from ‘negative’ to ‘stable’

Vedanta Resources’ failure to privatise Vedanta Ltd had raised concerns over the company’s ability to sustainably service its debt beyond…

By FE Bureau
January 27, 2021 02:00 IST
Indian Government approves Green tax proposal for old vehicles

Transport vehicles older than eight years could be charged green tax, at the rate of 10-25 % of road tax,…

By FE Bureau
January 26, 2021 09:01 IST
Sudhanshu Pandey, Indian Grain Storage Management Research Institute, IGMRI, Food department Secretary
Food department secretary visits IGMRI

The secretary advised IGMRI officials to upgrade testing centre in respect of bio-fertilised seeds.

By FE Bureau
January 26, 2021 08:40 IST
Sundaram Home Finance, rise in net profit, Disbursements for Q3
Sundaram Home Fin Q3 net rises 36%

Disbursements for Q3 stood at Rs 4,16.57 crore as compared to Rs 536.33 crore in the comparative period the previous…

By FE Bureau
Updated: January 26, 2021 08:31 IST
Kia sells 2 lakh cars in 17 months, mulls three shifts, full capacity utilisation by 2022

The company claims that it became the fastest carmaker to achieve two lakh units of wholesale domestic sales in the…

By FE Bureau
January 26, 2021 07:57 IST
Chartered accountant arreste, fake gst invoice case, gst authorities arrest, input tax credit, COFEPOSA, Conservation of Foreign Exchange and Prevention of Smuggling Activities Act
8 CAs arrested so far in drive against GST fake invoice: Sources

Among those arrested, at least two persons have been booked under COFEPOSA(Conservation of Foreign Exchange and Prevention of Smuggling Activities…

By FE Bureau
January 26, 2021 07:34 IST
The bank’s net interest income (NII) increased 17% y-o-y and 2.4% q-o-q to Rs 4,007 crore.
Kotak Mahindra Bank’s net profit increases 16%, asset quality improves

The gross non-performing assets (NPAs) improved 29 basis points (bps) to 2.26%, compared to 2.55% in the previous quarter.

By FE Bureau
January 26, 2021 07:15 IST
Budget 2021-22, Union Budget 2021
Eye on FY22: Tax revenue to witness big jump; GDP recovery, fuel taxes, anti-evasion steps to bolster receipts

Most analysts expect the nominal GDP to grow at 15% or thereabouts in FY22; going by historical pattern, it is…

By FE Bureau
January 26, 2021 05:00 IST
In terms of the segments, infrastructure segment secured orders of Rs 45,574 crore, during the quarter ended December 31, 2020, higher by 80% on y-o-y basis, with receipt of two marquee orders of High Speed Rail.
Larsen and Toubro (L&T) net profit up 5%, fresh order intake highest ever

He said there has been a rise in demand across the board, which could be attributed to pent up demand…

By FE Bureau
January 26, 2021 04:45 IST
As on date, FDI approvals have been given to 44 companies -- including DPSUs -- for joint ventures or co-production of various defence items, he stated.
Unctad report: India sees sharpest rise in FDI inflows among key nations

Developing economies drew as much as 72% of global FDI in 2020 – their highest share on record. Asian naions…

By FE Bureau
January 26, 2021 04:15 IST
The apex court also clarified that it will first hear on Monday those challenging outcomes of the unitholders’ vote along with the issue of disbursal of funds to unitholders.
Franklin Templeton: Supreme Court to decide on disbursal procedure of funds on February 1

An “overwhelming majority” of unitholders of the Franklin Templeton Mutual Fund’s schemes had voted in favour of the move in…

By FE Bureau
January 26, 2021 04:00 IST
The NSO report showed that the number of new subscribers registered with the ESIC in 2019-20 were 1.51 crore compared to 1.49 crore in the previous fiscal.
9.34 lakh new employees registered in November against 11.99 lakh in October: NSO data

The Employees’ State Insurance Act, 1948, is applicable to non-seasonal, manufacturing establishments employing 10 or more workers.

By FE Bureau
January 26, 2021 03:00 IST
Also, searches were conducted on 250 groups between April-December, 2020, and total assets seized stood at Rs 6,500.78 crore.
Centre releases 13th instalment of GST compensation payment to states

The Central government borrows the funds under a special window and passes it on to states in back-to-back loan arrangement.

By FE Bureau
January 26, 2021 02:45 IST
NINL posted a loss of Rs 402 crore in FY19 and Rs 827 crore in the first nine months of FY20.
Govt invites EoIs for strategic sale of Neelachal Ispat Nigam (NINL)

In the two-stage process, the last date for submission of EoIs for NINL is March 29. The shortlisted bidders will…

By FE Bureau
January 26, 2021 02:30 IST
Even as overall demand of natural gas fell 5% annually to 45,211 million metric standard cubic metre (mmscm) amid coronavirus disruptions in April-December, LNG imports inched up 0.7% to 24,753 mmscm in the same period.
Surge in spot liquefied natural gas (LNG) prices to curb demand, lower import

From the lows of $1.85/mBtu recorded in May 2020, spot LNG prices increased to $7.3/mBtu in November end.

By FE Bureau
January 26, 2021 02:00 IST
However, again in 2019-20, it suffered Rs 3,910-crore loss in 2019-20.
Cabinet to clear sale of Rashtriya Ispat Nigam (RINL) soon

Another PSU, NMDC is building a 3-mtpa steel-making facility at Nagarnar in Chhattisgarh, but the Cabinet has already accorded its…

By FE Bureau
January 26, 2021 01:30 IST
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