Rishi Ranjan Kala

Articles By Rishi Ranjan Kala

219 Articles

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.

NBFC crisis, economic growth, GDP growth, Share of NBFC, public sector banks News

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.

NCLTs, mergers and acquisitions india, ministry of corporate affairs, MCA, M&A cases, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy Code, Competition Law Review Committee News

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.

chile india trade, us india trade, indian economy, indian trade, india trade with other countries, chile india relations News

TV sales slide: Hotstar, Netflix, Amazon Prime to blame

Smartphones giving tough competition to TVs, but industry hopeful of revival

Hotstar, Netflix, Amazon Prime, decline in TV sales, OTT players, watching online content, smartphones, OTT videos, CEAMA News

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

WhatsApp, RBI, WhatsApp payments service,  Reserve Bank of India, BHIM UPI, WhatsApp Payments, Paytm, PhonePe News

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.

NITI Aayog, CEO, Amitabh Kant, Vietnam, mobile phone export, export economy news, US China trade tension, electronics News

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.

Large metros like Delhi-NCR, Mumbai and Bangalore are expected to dominate the supply pipeline, with average size of the warehouses in Delhi NCR and Mumbai likely to exceed 1 million sq ft. (Representative image) News

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”.

Hardeep Singh Puri, Realty crisis, homebuyers, stress fund, Nirmala Sitharaman, homebuyers’ associations News

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.

Home for the poor, Skewed pricing, government housing, affordable housing, Mumbai metropolitan region News

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

trojan, Android devices, fake applications, genuine apps, new virus, technology news

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

GoWork investment, GoWork fund, Awfis investment, Awfis fund, indian unicorns, GoWork gurgaon, gowork noida, Awfis gurgaon, tech start up, tech hot spots, ChrysCapital. Existing investors, Sequoia India, The Three Sisters Institutional Office News

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.

Industry News

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

Industry News

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.

Industry News

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

Reliance Jio, Reliance Jio 4G feature phone, Jio Phone market share, smartphones, WhatsApp,  YouTube, facebook News

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.

Industry News

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.

Industry News

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.

Industry News

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

Make in India, mobile maker, mobile phone manufacture, industry news, Registrar of Companies,  News

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%.

During Q2 of 2019 calendar year, the new supply fell to 25,580 units compared to 32,060 units in Q1 2019. (Representational Image) News

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.

home loan, housing loan, home loan repayment, home loan interest rates, fixed News

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).

Union Budget 2019 India News

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.

Telecom fix, licence fee, licence fee cut, GST, Ravi Shankar Prasad, Nirmala Sitharaman News

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.

Injeti Srinivas, ministry of corporate affairs, CCI, market dominance, PwC, Deloitte, EY, KPMG News

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.

IT guidelines, fake news, indian government, MOdi government, technology, Facebook, WhatsApp, Twitter News

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.

jaypee, jaypee infrastructure News

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.

drinking water, pilot project modi government News