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  3. fe bureau

FE Bureau

Maintain ‘buy’ rating and revise FV to Rs185/share (from Rs180/share) based on March 2023E earnings.
Coal India’s Q3 production grows 6.3%

Supplies in the quarter under review grew 9.2% y-o-y at 154.6 MT, compared to 141.6 MT in the third quarter…

By FE Bureau
January 2, 2021 01:00 IST
Zomato clocks 60% higher GMV this New Year’s Eve over last year

Zomato touched a peak orders per minute (OPM) rate of 4,254 on Thursday, and had around 1,00,000 delivery partners on…

By FE Bureau
January 2, 2021 00:10 IST
Pf, provident fund, tax, RS 2.5 lakh, Budget 2021, Union Budget 2021, Budget 2021, Union Budget 2021 India, Budget 2021 India
EPFO begins crediting 8.5% interest for close to six crore subscribers for 2019-20

“We had said that it would be our endeavour to provide 8.5% rate of interest on EPF for 2019-20. We…

By FE Bureau
January 1, 2021 08:30 IST
The CAG report had highlighted that the corpus funds of Trusts were being utilised to control the business of the group companies instead of applying funds for charitable purposes, the statement said.
ITAT Mumbai bench modifies observations, takes back its comment on Cyrus Mistry

The tribunal via the order had restored the tax-exempt status for Tata Group Trusts, quashing a revised assessment order issued…

By FE Bureau
January 1, 2021 08:00 IST
With the new regime kicking in from Friday, Reliance Jio, the only operator which charged its customers for termination of off-net calls (calls made to another network like Bharti Airtel or Vodafone Idea), said it would no longer levy this charge.
Bill and keep: Telecom operators not to pay interconnect usage charge from today

The new regime, where zero termination rate is payable, is known as bill and keep. A termination charge was paid…

By FE Bureau
January 1, 2021 07:45 IST
Power Finance Corporation
Power Finance Corporation raises FY21 borrowing limit by 31% to Rs 1.18 lakh crore

The limit has been raised as the power sector lender prepares itself to disburse more than Rs 60,000 crore to…

By FE Bureau
January 1, 2021 04:30 IST
PhonePe’s revenue from operations surges to Rs 372 crore from Rs 184 crore

Even as revenues increased considerably, the firm remained in the red

By FE Bureau
January 1, 2021 04:00 IST
“Surpassed India vs Pakistan day wala opm. And it’s only 6pm! I hope our tech lives through this,” the CEO said in a tweet.
Zomato clocks 34% higher gross merchandise value this Christmas over last year: CEO

The company estimates GMV to exceed 50% on New Year’s eve compared to the previous year as curfews across various…

By FE Bureau
January 1, 2021 03:30 IST
DHFL administrator R Subramaniakumar had earlier filed several avoidance applications at bankruptcy court, based on the report filed by Grant Thornton.
63 moons moves NCLT seeking recovery for DHFL creditors

“The benefit of avoidance applications for approximately Rs 30,000 crore filed by DHFL administrator under section 66 of Insolvency and…

By FE Bureau
January 1, 2021 03:00 IST
South Indian Bank plans to raise Rs 750 crore to strengthen balance sheet

Under the new plan ‘Vision 2024’, the bank aims to reach a loan book of Rs 1 lakh crore, CASA…

By FE Bureau
January 1, 2021 02:30 IST
Wine tourism picks up in Nashik towards end of the year

In the past two-and-a-half months, Nashik has seen nearly 75,000 wine tourists, the All India Wine Producers Association (AIWPA) said.…

By FE Bureau
January 1, 2021 02:00 IST
Reluctance on the part of the audience to visit cinema halls in the aftermath of the Coronavirus Unlock has also affected the finances of the entertainment industry in a big way.
Kerala Assembly passes resolution against farm laws passed by Centre

The lone BJP MLA O Rajagopal also supported the resolution which called for a withdrawal of the laws and called…

By FE Bureau
January 1, 2021 01:30 IST
The biggest losers on the Nifty were Shree Cement, TCS, Ultratech Cement, Bharti Airtel, and Grasim Industries down by 2.4%, 1.52%, 1.41%, 1.29%, and 1.17%.
Sensex, Nifty end flat on last trading day of 2020

Markets in European countries such as France, Germany, and the United Kingdom declined 0.05% to 0.91%. On the other hand,…

By FE Bureau
January 1, 2021 01:00 IST
“Furthermore, a rating-wise analysis shows that these firms were also well-rated, with ‘AAA’ and ‘AA’ rated firms accessing 88% of disbursements,” the report added.
RBI liquidity: Top-rated firms get 88% of funds disbursed to NBFCs under TLTRO

A study of the distribution of TLTRO funds reveals that Rs 76,843 crore was requested by NBFCs and housing finance…

By FE Bureau
December 31, 2020 08:30 IST
It has already manufactured and built up a stock of around 50 million doses at its Pune facility.
Covid-19 vaccine update: Serum Institute of India expects approval in the next few days

Adar Poonwalla had on Monday said the approval in India was expected to be received almost simultaneously or within days…

By FE Bureau
December 31, 2020 08:15 IST
“We are optimistic about the overall demand for steel and hence the performance of the steel industry and Tata Steel,” he said.
FY22 outlook: Steel demand should grow at GDP growth rate, says Tata Steel CEO T V Narendran

He says government’s focus on rural infrastructure projects will also boost steel demand

By FE Bureau
December 31, 2020 07:45 IST
While assuring that procurement and market of agricultural produce on MSP will continue as before, agriculture minister Narendra Singh Tomar suggested that a committee could be formed to resolve the difference between MSP of agricultural produce and their market prices.
Farmer protests: Farmers win in two of four issues, government also agrees to discuss other two demands

Tomar also appealed to farmer leaders to ensure return of women, children and senior citizens to their homes in view…

By FE Bureau
December 31, 2020 07:15 IST
Further, in order to provide relief for the third time to small and middle-class taxpayers in the matter of payment of self-assessment tax, the due date extended, the government said.
Deadlines extended for filing GST, declaration under Vivad Se Vishwas scheme and Income Tax returns

On the indirect tax compliance, the government has extended the date for filing annual returns under GST for financial year…

By FE Bureau
December 31, 2020 07:00 IST
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