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FE Bureau

The Indian markets underperformed the global markets which were trading mixed ahead of the US Fed meeting.
Markets rebound as pharma and IT stocks hog limelight

Indian shares rallied thanks to the buying in defencive sectors such as information technology and pharmaceuticals.

By FE Bureau
December 23, 2020 02:45 IST
In the two-stage process, the last date for submission of EoI for SCI is February 13, 2021.
SCI too on the block, but FY21 mop-up to be half the target

Among other disinvestment routes, the listing of Indian Railway Finance Corporation and RailTel may fetch about Rs 4,600 crore and…

By FE Bureau
December 23, 2020 02:30 IST
The report takes an in-depth look at how attackers are adapting to current events and using new tricks to successfully execute attacks—spear phishing, business email compromise, pandemic-related scams, and other types.
Cybersecurity: Defend your business, people and data from evolving cyberattacks

Close to 72% of Covid-19-related cyberattacks are scamming, says Barracuda Networks report

By FE Bureau
December 23, 2020 01:45 IST
Budget 2021 Expectations for agri: While urea price is fixed by the government, companies fix the MRP of P&K fertilisers, as the latter are decontrolled commodities.
FM’s pre-Budget meet: Farmer bodies seek easier credit, subsidised P&K fertilisers

Union Budget 2021 Expectations for agriculture: Bharat Krishak Samaj (BKS) pitched for promoting balanced use of fertilisers by increasing urea…

By FE Bureau
December 23, 2020 01:30 IST
Vashi APMC is the country’s richest APMC with an annual turnover of Rs 20,000 crore.
Nafed to set up farmer facilitation centre in Maharashtra

In the traditional market system, there is a lack of transparency in trade, which also leads to a burden of…

By FE Bureau
December 23, 2020 01:15 IST
The spice which recorded the maximum growth in terms of quantity and value was small cardamom.
India’s spices exports grow 19% during the first half of FY21

Chilli retained its position of being the largest exported spice from India with a shipment of 2,64,500 tonne, fetching Rs…

By FE Bureau
December 23, 2020 00:30 IST
Embassy REIT is acquiring ETV from the Embassy Sponsor, members of Blackstone group and other selling shareholders, for a total enterprise valuation of Rs 9,782 crore, or around $1.3 billion.
Embassy REIT raises Rs 3,680 crore via QIP; will use proceeds to fund IT park acquisition

The issue opened on December 15 and closed on December 21. Under allotment of units in the issue, an aggregate…

By FE Bureau
December 23, 2020 00:15 IST
Markets shattered on Monday as new coronavirus strain spooks investors

The Nifty dived 432.15 points (3.14%) to close at 13,328.4. The markets witnessed their biggest single-day fall in seven months.

By FE Bureau
December 22, 2020 08:18 IST
DHFL administrator R Subramaniakumar had earlier filed several avoidance applications at bankruptcy court, based on the report filed by Grant Thornton.
DHFL resolution: Piramal says its bid is best

Piramal’s resolution plan for DHFL has no conditions, except for approvals like competition commission of India (CCI). The company has…

By FE Bureau
December 22, 2020 07:45 IST
For their part, many in India Inc have already factored in an extension of the relief up to March 24, 2021.
Covid-19 defaults: IBC relief to be extended by three more months

The idea behind the suspension was to help thousands of cash-strapped firms tide over the Covid impact without the fears…

By FE Bureau
December 22, 2020 07:00 IST
amazon
Delhi HC order: Setback for Future Group but bigger jolt for Amazon

FRL had moved the HC seeking to restrain Amazon from approaching regulatory bodies to stall the Future Group’s transaction with…

By FE Bureau
December 22, 2020 06:15 IST
However, the ‘carriage and content’ provision was removed from the latest draft version of the proposed amendments.
New rules to compensate consumers for power cuts and defective meters

Discoms will have to make provisions that such requests can be made, and progress be tracked, online. If the consumers…

By FE Bureau
December 22, 2020 04:15 IST
The move is not only expected to give mills a breathing space to raise funds, but also ensure that farmers get paid in time, members of the federation said.
FRP: Maharashtra federation tells sugar mills to enter into pacts with farmers

Maharashtra is expected to crush 873 lakh tonne of cane and produce 99 lakh tonne of sugar in the current…

By FE Bureau
December 22, 2020 04:00 IST
According to data for the last seven years, the unsold stock in the top seven cities was highest at the end of 2016 at approximately 7.90 lakh units. (Representative image)
Top 7 cities see housing sales drop nearly by half in 2020: Report

The unsold stock during the year fell by 2% from about 6.48 lakh units in 2019 end to around 6.38…

By FE Bureau
December 22, 2020 03:15 IST
“The pandemic has had a deep impact on the country’s informal economy, especially on microfinance borrowers and MSMEs. NACL’s unique business model of working with the most impacted segment of MSMEs and financial institutions makes them an ideal partner,” said ADB’s private sector operations department director Christine Engstrom.
ADB grants $40-million loan to Northern Arc Capital to help small borrowers

The loan is being disbursed to NACL as part of ADB’s ongoing Covid-19 response. NACL will on-lend the loan proceeds…

By FE Bureau
December 22, 2020 01:45 IST
M&As witnessed a whopping 81% increase in the deal values despite a 14% decline in the volumes compared with the same period last year.
PE, M&A deals in India during November 2020 highest in last 5 years

Compared to October 2020, the overall deal values recorded a 6% fall due to an unmatched sum of big-ticket transactions,…

By FE Bureau
December 22, 2020 01:30 IST
“The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation,” the government said.
GST compensation: FinMin releases eighth instalment of Rs 6,000 crore to states

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

By FE Bureau
December 22, 2020 00:45 IST
In January, the Noida-based firm turned unicorn after it bagged funding from MasterCard at a valuation of about $1.6 billion.
Pine Labs raises fresh funds at a valuation of over $2 billion

The company is understood to have raised anywhere between $75 million-$100 million in the latest financial round that included a…

By FE Bureau
December 22, 2020 00:30 IST
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