Thrust continues on ease of doing business reforms
Finance minister Nirmala Sitharaman on Sunday, while announcing the fifth tranche of economic stimulus, spoke about government’s thrust on enhancing the ease of doing business and making efforts to increase India’s doing
Smartphone shipments: India only market among top three to post growth in Jan-March
With a 5.5% y-o-y growth, the average selling price (ASP) for the smartphone market stood at $171 (around Rs 12,500). The sub-$200 (Rs 15,000) segment continued to dominate, accounting for 76.2% of the total market.
Covid lockdown: Why electronic manufacturers are concerned despite relaxations
As consumer electronics companies fire up their manufacturing units with limited employees and resources after taking permission from authorities, there are still supply-side constraints and issues related to movement of labo
Audit files to be opened for scrutiny for greater accountability
The National Financial Reporting Authority (NFRA) has floated draft procedures for submission of audit logs to the regulator by audit companies and chartered accountants (CAs).
COVID-19 Impact: Office space demand may see sharp fall in coming years
Demand for office space could fall sharply over the next two years as the economy remains in slow gear and more companies ask employees to work from home.
Smartphones, Indian consumers to have a tepid love affair this year
Smartphone shipments set to decline 5-10% Y-o-Y in 2020; feature phones by 35-40%
AIF Plan: Only a fifth of Rs 5,000 crore earmarked disbursed so far due to COVID-19 curbs
According to a recent industry estimate, as many as 4.58 lakh housing units were facing delayed delivery across 1,509 stalled projects.
Kerala Model: Weekend mobile, TV shops thrive but supply a constraint
The concern is genuine as new hotspots are emerging in districts like Idukki and Kottayam that were earlier in the green zone and considered safe.
India smartphone market: Device shipments up 4% in Jan-March, says Counterpoint
Consumer demand will have a larger impact on smartphone sales, as people will focus on saving and therefore limit discretionary purchases.
CSR conflict: Why PM-Cares is ok, but not CM-Cares?
As per the corporate affairs ministry’s FAQ, in addition to contribution towards PM Cares Fund (notified on March 28), contributions made by companies to SDMAs and to Covid-19 related activities such as preventive healthcar
COVID-19 Impact: MAIT urges govt to allow sales, servicing of electronics products during lockdown
The association fears that if the sector is not allowed to operate, the industry will lose to Chinese imports, which would flood the market.
Covid-19 impact: Analysts anticipate severe hit to affordable housing segment
JLL India in a report released on Tuesday explained that owing to the economic slowdown as a result of the current situation, consumer confidence has also taken a hit, which is having a direct implication on home buying decis
Hard realty: Already down, industry hopes for marginal Covid-19 impact
Experts say demand likely to be delayed sans much change in already low prices
Housing sales to decline 25-35% in 2020: Anarock
“New launches may also witness a 25-30% decline during the same period — from 2.37 lakh units in 2019 to anywhere between 1.66-1.78 lakh units,” Ananrock said.
Companies want interim dividend rule relaxed
Another relaxation sought is on Section 134 of the Companies Act, which deals with the report by the company board.
Coronavirus outbreak: Mobile sales hit as buyers stay away
Shipments are expected to decline by around 27% on a year-on-year (y-o-y) basis during March and a sharper 60% in April, according to analyst estimates.
COVID-19 Impact: Companies urge govt to extend current financial year to June; relaxation in CSR spends
Sources said companies requested for a relaxation in Section 2 (41) of the Companies Act, which deals with financial year.
Coronavirus effect: January-March housing sales drop 42% year-on-year so far
In terms of apartment sales, Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru and Pune together accounted for 84% of the sales in the first quarter of the current calendar year.
Industry associations urge govt to classify ICT infra support, IT-ITeS as essential services
The employees working in such services and their support staff should also be allowed to work with self-certifications and company identity cards, ITI, COAI and MAIT urged the government.
Compliance norms tightened for Nidhi firms
The move comes in the backdrop of the government revising corporate norms to ensure that investors are not duped through fraudulent activities.
Corona: Govt allows board meetings via video conferencing till June 30
“Now these meetings can be held via video conferencing or audio-visual means till June 30 by duly ensuring compliance of rule 3 of the said rules. Necessary changes in the rules are expected to be notified soon,” the sour
Government tightens compliance norms for Nidhi companies
The ministry has advised investors to verify the status of a Nidhi company from the notification issued by the Centre in official gazette before making any investment or deposit.
Govt announces one-time amnesty scheme for non-compliant LLPs
The scheme, LLP Settlement Scheme, 2020, allows for a one-time condonation of delay in filing statutorily required documents with the Registrar of Companies (RoC), it added.
NBCC gets NCLT nod to acquire Jaypee Infratech
In a positive news for close to 21,800 homebuyers of bankrupt Jaypee Infratech (JIL), the National Company Law Tribunal (NCLT) on Tuesday approved the state-run NBCC’s resolution plan to take over the company. NBCC̵
NBCC proposes to sell-off Jaypee Healthcare
Incorporated in 2012, Jaypee Healthcare has hospitals in Noida, Chitta and Anoopshahr in Uttar Pradesh.
Vodafone Idea AGR Dues: Nick Read seeks meeting with Prasad
The company, which has so far made payments of only Rs 3,500 crore has said that it is not in a position to pay any more and its viability depends on some relief measures by the government.
Social media: IT and law ministries to sort out differences over norms
MeitY was expected to place the final guidelines before the Supreme Court on or before January 15, but it sought time from the court till the last week of January but did not meet this deadline.
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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