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Debt ETF: PSUs to mop up Rs 20,000 crore in FY21

Low cost of fund mobilisation and different class of investors that the platform provides is an added attraction of the debt ETF.

The ETF’s new fund offer (NFO) of Rs 7,000 crore was oversubscribed by nearly 1.8 times. News

Data services: Telecom companies, OTTs quarrel over floor price

The Trai, which has received responses to its consultation paper needs to hold open houses, at least, at four different centres in the country, which cannot be done now because of the pandemic.

For instance, associations including IAMAI, Internet Society, CCAOI, Asia Internet Coalition (AIC) etc, which primarily cater to internet companies, are opposing the idea of setting a floor price News

Covid-19: Rupee slide no relief as exporters see crash in orders

The rupee has depreciated just 0.8% against the euro in March, while it has, in fact, appreciated against the pound, which will negate the currency advantage proportionately.

Markets News

Coronavirus impact on economy: FM Nirmala Sitharaman holds meet to firm up response

A top government official told FE the demands will then be discussed at length with the Prime Minister's Office and finalised.

Impact on economy, Nirmala Sitharaman, MSME, coronavirus pandemic, PSU, India economic growth, latest news on coronavirus outbreak News

Trump sees promise: Chloroquin drug in spotlight as possible cure for coronavirus

With the contagion bringing public health systems to their knees in many countries, governments are frantically searching for a cure.

World News

Covid19 Fallout: Work-from-home practice hurting food tech firms

Not only are bulk orders from companies drying up even those who continue to order are staying with big and reputed brands, said Chef Anshu Raj, founder, cloud kitchen Caters Point.

The company has 16 micro-kitchens and outlets in Delhi-NCR and parts of Punjab; it delivers via food aggregators like Zomato and Swiggy but customers can also collect their orders from the outlets. News

SEBI takes steps to curb volatility in market amid Covid19 fears

By reducing the position limits in equity and debt derivatives, the regulator is hoping to rein in speculation. These limits will be applied to a select number of stocks which have seen maximum volati

The regulator has also cut market-wide position limits in F&O stock by half. News

Mumbai, Delhi close to total lock-down as corona cases surge

Maharashtra CM Uddhav Thackeray said all workplaces in major cities in the state, including Mumbai and Pune, will remain closed till March 31.

Chief minister Arvind Kejriwal tweeted 'all non-essential public dealing activities' will be stopped till March 31. News

Virus impact: Supreme Court stays HCs’ orders restraining tax recovery

The apex court move came after the Centre contended that the HC orders would hit its revenue collections, which are of the order of Rs 2 lakh crore a month.

income tax, Last date for filing ITR, interest rate, FM Nirmala Sitharaman, financial year 2018-19 News

Coronavirus outbreak: No landing of international flights for a week starting Sunday

Most of the states and Union territories also imposed fresh restrictions on public transport and gatherings. In Delhi, chief minister Arvind Kejriwal announced the closure of restaurants, but takeaway

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Clouds over recovery: Most agencies slash GDP forecasts

The Reserve Bank of India is expected to trim its FY21 growth projection from 6%, which was announced in the first week of February, in April or even earlier.

world bank, imf News

Aviation Blues: Turbulence forces IndiGo to cut salaries

Airlines globally have had to take drastic measures to offset the impact of the travel curbs resulting from the pandemic outbreak.

indigo, spicejet News

Fatal fall: Rupee slips to new lows as FPIs continue to sell stocks, bonds

Foreign portfolio investors (FPI) have now sold close to $10 billion worth of stocks and bonds in March so far in what is believed to be the biggest ever monthly outflow.

The weakening of the rupee comes at a time when global growth and trade are slowing and a weaker rupee will give India’s exporters only a small advantage. News

Coronavirus outbreak: Govt set to expand testing to atypical pneumonia patients

This means that there is one isolation bed for every 84,000 Indians, and one quarantine bed for every 36,000 Indians.

Coronavirus outbreak, Covid-19, Central Armed Police Forces, atypical pneumonia patients, latest cornavirus updates, coronavirus cases in india News

Covid Impact: Banks may ask RBI for relief to tackle anticipated stress

Data from RBI shows banks’ outstanding loans to services sector stood at Rs 24.32 lakh crore as on January 31, accounting for 27.3% of the total non-food credit.

Banks have been told to restructure all MSME accounts that were standard as on January 1, 2020 and the forebearance is available till December 31, 2020. News

Bid to soften blow: Govt, RBI in talks for relief to critical sectors

Bankers have already told the government that, given the enormity of the crisis, bad loans will spike if NPA norms are not suitably relaxed, and even good accounts will turn bad, according to industry

The central bank in January last year allowed this one-time restructuring of existing loans to support MSMEs that have been hit by the double whammy of the demonetisation and the goods and services tax regimes. News

AGR Matter: Supreme Court junks self-assessment; telcos, DoT in a fix

Govt's plea for allowing operators to pay dues over a 20-year period to be taken up after two weeks.

The apex court said that the “judgment on AGR dues is full and final and it should be followed in letter and spirit”. News

AGR Row: DoT affidavit didn’t have full due amount

Since the same methodology applies in paying SUC also, it can be implied that whatever the DoT calculated and sent as demand notices to the telcos from time to time is being seen by the SC as final.

The amount owed as spectrum usage charge (SUC) and the interest, penalty, and interest on penalty was not mentioned in it. News

Pace of highways construction to falter for first time under Modi government

The pace of highway construction this fiscal is set to falter for the first time under the Modi government.

highway, highway sector News

Coronavirus: Govt recommends anti-HIV drug combo in high-risk cases

The drug is to be used in patients who have hypoxia, hypotension, new onset organ dysfunction (one or more) and those in “high risk groups”.

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Govt aid sought: Coronavirus raises spectre of export decline

The coronavirus outbreak has threatened a nascent recovery in India's exports, which had risen almost 3% year-on-year in February after a sixth straight month of fall and now stare at a contraction in

export, economy, coronavirus, impact, exports incentivization, trade opportunity News

Oyo raises $807 million from SoftBank, RA Hospitality

Founded in 2013, Oyo has been on an expansion spree, widening its footprint to 80 countries.

oyo, oyo hotels News

Coronavirus outbreak: Equities tumble to fresh 3-year lows; FPIs continue selling

The benchmark has now given up a staggering 20% since the rapid spread of the novel coronavirus triggered panic selling.

Markets News

No liquidity issue at Yes Bank: SBI chief Rajnish Kumar

Yes Bank shares rose 58.09% on BSE at Rs 58.65, even as most financial stocks took a beating on Tuesday.

sbi, state bank of india News

With on-ground boost, sports sponsorship grows 17% in 2019

Sports sponsorship saw a healthy uptick in 2019, registering a growth of 17% despite the overall advertising industry experiencing slow growth of just 9%.

Sports News

SGST short of FY20 target by a quarter

The states’ own GST revenues — SGST receipts minus the compensation from the Centre — were short of the aggregate protected level by `1.15 lakh crore or 23% in April-February this year, accordin

GST funds, GST slabs, GST launch, GST rates, GST Council, SGST, gst revenue, GST compensation, supreme court News

DoT moves SC, seeks relief for telcos on AGR dues

The Department of Telecommunications (DoT) on Monday moved the Supreme Court seeking modification of the latter’s October 24, 2019, order relating to payment of adjusted gross revenue (AGR) dues by

However, the amounts paid by telcos is woefully lower than the DoT's Adjusted Gross Revenue (AGR) calculation. News
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