NBFCs in dilemma as govt suspends filing of statements
The issue relates to the MCA notifying the Companies (Indian Accounting Standards (Ind AS)) Rules, 2015 stipulating adoption and applicability of Ind AS in a phased manner beginning from accounting period 2016-17.
Cutting tribunal load: More types of mergers and acquisitions may be vetted by govt
The ministry has been working on the proposal for the last 2-3 months and the necessary directions in this regard could be issued as early as mid-September, a source said.
Chile wants to expand India trade ties, says Rodrigo Yanez, country’s vice-minister of trade
Roughly a third of India’s exports to Chile comprise only cars and other vehicles, while 70% of Chile’s exports to India have been just ores, slag and ash.
TV sales slide: Hotstar, Netflix, Amazon Prime to blame
Smartphones giving tough competition to TVs, but industry hopeful of revival
WhatsApp seeks RBI approval for payments service
Sources said WhatsApp has agreed to the data localisation norms set by the RBI for payments-related data, and at present, an audit is being conducted for that. When contacted, a WhatsApp spokesperson did not offer any comment
Mobile phone exports: Amitabh Kant panel eyes Vietnam-like model
As US-China trade tensions escalate, several big manufacturers who have facilities in China are keen to relocate, and as many are looking at Vietnam, India is hoping to get a slice of that pie as well.
Third-party logistics players, e-commerce firms drive warehousing demand
Warehouse leasing by corporates rose a healthy 31% Y-o-Y to surpass 13 million sq ft during the first half of the 2019 calendar year (CY), with Mumbai, Chennai and Bangalore accounting for more than 60% of the activity.
Real estate: Centre weighs stress fund, Hardeep Singh Puri to head committee
Sources said the real estate industry flagged an “unrest” on account of liquidity crunch and poor sales, which has created a “fragile situation”.
Affordable housing: Skewed pricing dulls government’s push
As per the latest numbers from Anarock, around 1,39,490 units were launched across top seven cities during January-June 2019, and of this, only 39,840 units meet the affordable category criteria.
New trojan targets Android devices, camouflaging fake applications as genuine
The trojan can self-sign trusted certificates to interpret encrypted SSL (Secure Sockets Layer) traffic and can also use a phone’s lockscreen activity to obtain passwords to steal personal information and gain access to thi
Realty reality: IT sector, co-working players driving office space absorption
At the forefront of this demand are southern cities of Bengaluru & Hyderabad, accounting for more than 50% of absorption
Digitisation can help realty sector utilise resources efficiently: Expert
The real estate sector is yet to effectively leverage technology for optimal utilisation of resources and assets.
Funds dry up for real estate sector; IL&FS, NBFC crises drag down sector
A clutch of factors, including the recently concluded Lok Sabha elections and RBI tightening lending norms for NBFCs and HFCs, impacted investments in real estate during the January-June period in the current calendar year (C
Jaypee Infra CoC to discuss fresh bids on August 5
The committee of creditors (CoC) of Jaypee Infratech will meet on August 5 to discuss the future course of action following the NCLAT's Tuesday order of extending the resolution period by 90 days.
Jio Phone’s market share dips for 3rd straight quarter in April-June
Research analyst at Counterpoint Anshika Jain said, “Feature phone market witnessed a steep decline of around 39% annually coming from a very strong demand for Jio Phone a year ago and some inventory built-up in the market
Make in India: Apple seeks lower tariffs for smartphone makers to boost exports
Apple has already started the assembly of iPhones in India (Phone SE in 2017 and iPhone 6s in 2018) through Wistron at its Bengaluru unit.
BSNL revival: Govt readies Rs 74,000 crore plan for bleeding telco
It has also argued that strategic disinvestment of BSNL will not work out as there may not be any takers of it considering the current financial stress in the telecom industry.
IL&FS: Centre expects recovery to exceed 50%
‘Green’ entities are those which can pay all their obligations while ’ambers’ are those that can meet their obligations only partially. “Reds” are those that cannot meet any of their obligations.
Make in India: Only half of country’s 268 cellphone makers stay afloat
In December 2018, the prime minister went with the first estimate and spoke of 120 mobile makers. In the Interim Budget on February 1, the finance minister used the 268 number, and said this was a big jump from just two units
Affordable housing: New launches see 20% drop in April-June
Even though the new launches of affordable housing units fell 20% in Q2 2019, its share in new supply (overall) is the highest at 37%.
Home loan tax sops may not boost demand in metros
Market experts peg the difference between market value and circle rate at 5-7% in most instances.
Budget 2019: Roof over head closer to reality as affordable housing gets boost with additional Rs 1.5 lakh tax deduction
Union Budget 2019: The government will continue to focus on affordable housing and plans to construct more units under the Pradhan Mantri Awas Yojna (PMAY).
Telecom fix: Ravi Shankar Prasad seeks cut in licence fee, refund Rs 30, 000 cr of stuck GST
In a letter to finance minister Nirmala Sitharaman outlining his Budget proposals for the sector, Prasad has urged for reduction in licence fees by a fourth.
CCI should debate role of Big 4 regarding concentration, market dominance: Injeti
Injeti Srinivas added that the fair trade regulator, Competition Commission of India (CCI), should debate on this issue as it concerns the market.
War on fake news: Govt to roll out guidelines for Google, Facebook, WhatsApp, ISPs
Confirming the development, a senior government official said MeitY is currently fine-tuning the guidelines and they are being discussed with IT minister Ravi Shankar Prasad.
Will complete Jaypee Infra’s projects in 4 years, Adani tells committee of creditors
This is the second time Adani group has shown interest in acquiring JIL’s assets.
How Modi govt is planning to provide clean drinking water to 1 lakh villages
CSC has inked an MoU with the Bhabha Atomic Research Centre (BARC) for installing water filtration plants in villages.
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BUDGET 2019
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- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
