Today's Paper - 26/11/2020+ Print Archive

Interview: ‘JSW Cement in talks to raise $200 m by March 2021, to list by December 2022’

The company has undertaken simultaneous expansion of projects at Shiva Cement in Odisha, where it hold 59% stake, and for group-level projects at JSW Cement.

Cashfree eyes 5 million daily transactions in 7 months

Online payments platform Cashfree is trying to scale up its business volumes to handle around five million transactions a day over the next seven to nine months as more enterprises across the country thinking digital.

Lakshmi Vilas Bank-DBS merger gets Cabinet nod, effective November 27

LVB branches will operate as those of DBS Bank India (DBIL) once the moratorium ends.

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

DHFL assets: Piramal, Oaktree, Adani may bid for entire book

Adani Properties, Piramal Enterprises and Oaktree Capital now plan to bid for all the assets of Dewan Housing Finance (DHFL), FE has learned from sources close to the development.

The admitted claims of financial creditors from DHFL stood at Rs 87,120 crore as on September 10.

Amaravati land scam: Supreme Court stays Andhra HC order gagging media

The Supreme Court on Wednesday vacated the Andhra Pradesh High Court’s order that gagged media from reporting on a case related to the Amaravati land scam allegedly involving a former advocate general and two daughters of a senior SC Judge.

To that end, the 2012 judgment of the Supreme Court, on an injunction plea arising out of Sahara vs Sebi, is quite instructive.

GST compensation: Bengal, Kerala too pick option mooted by Centre

The state governments of West Bengal and Kerala, which have been at loggerheads with the Centre over how to compensate the states for their GST revenue shortfall in FY21, given the paucity of the designated cess funds, also have accepted Option-1 mooted b

Stock-building: China resorts to huge agri imports

Beating the Covid-19 blues, China has been importing farm products at a brisk pace this year in an apparent bid to take advantage of relatively stable global prices and replenish its depleting food inventory.

Get cybersecurity right: Mumbai power failure shows firefighting can’t be a response

The National Cybersecurity Policy is yet to be updated, seven years after the last one was released; bear in mind, threats and vulnerabilities are evolving almost literally by the minute.

About two-thirds (65%) of companies adopted cybersecurity measures during Covid-19 to support remote working.

Need new laws for real-time tax dispute resolution

If relief given via mediation is to be questioned later, as is likely, no taxman is going to embrace the FM’s new plan

A dwindling recovery: Real test may come over the next few months when pent-up and festival-led demand abate

We expect Q2 GDP contracted 7.9% y-o-y versus the large 23.9% fall in Q1; the real test will likely come over the next few months when pent-up and festival-led demand abate

As per DST, gross domestic expenditure on R&D (GERD) as a percentage of GDP was 0.7% in FY19—low even if one accounts for India's income levels.

Independent directors: A new paradigm in corporate governance

Heavier fraud penalties on company elite, Making CFO the most Critical KMP, etc, serve corporate governance better than having independent directors

The survey titled "Hindsight 2020: COVID-19 Concerns into 2021" was conducted by the The Workforce Institute at UKG.

Long-term impact of agricultural reforms: Rs 80,000-1,00,000 crore private investment, lakhs of jobs possible

The government’s agriculture reforms can potentially attract private investment of Rs 80,000-1,00,000 crore, and create employment for 15-20 lakh people. About Rs 93,000 crore is wasted every year due to poor storage and transport infrastructure. Privat

Industrial growth: The right policy mix for success

India’s industrial policies have tended to be doctrinaire. We need a heavy dose of pragmatism to achieve our full potential

Industrial production, IIP, IIP numbers, manufacturing, contraction, manufacturing sector, Indian economy, economy, economy news

Subsidised consumers of LPG with BPCL to be moved to IOC, HPCL

The transfer process will be completed in 3-5 years.

Lenders give in-principle nod to Kesoram resolution plan

BK Birla Group flagship Kesoram Industries on Wednesday said its lenders have given their in-principle approval to a resolution plan to raise funds and restructure debts.

FPI buying in 2020 so far at $15 billion

Foreign portfolio investors have bought equities worth a record $8 billion in November so far encouraged by improving macro-economic data and good corporate results for the September quarter.

Money is flowing into quality companies with sound fundamentals uniformly, Jain added.

Restricted vehicle movement affecting CV loan collections

Most major banks and non-banking finance companies (NBFCs) have reported collection efficiencies of over 90% for the September quarter.

Cargill India keen to invest in corn-to-ethanol facilities in India

Cargill India is keen to invest in facilities to produce ethanol out of corn but would wait for a clear policy on the green fuel, as the current schemes of the government are “skewed in favour of sugar mills”, according to a senior executive of the co

Unacademy raises fresh funds at $2-bn valuation

Unacademy on Wednesday said it has raised fresh funds from new investors Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion. Persons familiar with the transaction said the ed-tech firm has raised between $75 million-$100 m

Sensex tanks 695 points on profit booking in bank, IT

The record run of equities screeched to a halt on Wednesday as investors booked profit in banking, finance and IT counters amid a mixed trend overseas.

Non-life insurers report gross direct premium of Rs 15,855 cr in Oct

Non-life insurers reported gross direct premium of Rs 15,855.11 crore in October, down 0.42% year-on-year.

Subsequently, premium accretion in August 2020 was at Rs 27,040 crore, up 14.8% year-on-year, compared to de-growth in April and May 2020.

Viewers’ choice: Online content viewing spikes during pandemic times

Indian viewers consume the most online video content per week on average, with almost 70% subscribing to new streaming services in the last 6 months, says a Limelight Networks Research report

Noise Air Buds: Time to go hands-free and cord-free

Noise Air Buds are stylish, lightweight and pretty affordable, and offer good call quality

‘Revised HAM to boost investor confidence, catalyse stake sales’

Under HAM, the NHAI pays the developer the balance 60% of the project cost as annuity payments over the operations period along with interest thereon.

The joint collaboration has also been envisaged to bridge the differences between the industry and institutions and adoption of modern practices by the National Highway Authority of India (NHAI).

Into a new orbit: Making space for small satellites

Agnikul will be the first Indian startup in the private sector to launch small satellites commercially.

Ravi Shankar Prasad highlights digital ecosystem kept the world going during Covid

The global pandemic has created havoc with the lives, health and safety of people but it has also given us a lot of opportunity.

New Normal: Flexibility at work is the future

Flexible workspaces can help with the office-like atmosphere while avoiding commute time and overcrowded office spaces

Dell Latitude 9510: This PC makes your work-life easier

Dell Latitude 9510 is a nice-looking 15-inch business laptop that comes with more than 30 hours of battery life and plenty of new features that increase productivity

Govt policies: One-day labour strike today

The impact of the strike will not be confined to rural areas alone; it will be felt in rural areas as well since peasants are also joining the strike.

Cabinet nod to Rs 6,000-cr NIIF infusion; To enable Rs 1-lakh-crore debt finance for infra projects

The NIIF will also try to rope in equity investors – domestic and global pension, insurance and sovereign wealth funds – in the debt platform, which could further its leveraging ability.

World Savings Day, investor behaviour, mutual funds, PPF, LIC, tax saving schemes, fixed income, recurring deposits,

Interview: SWIFT to extend gpi benefits for low-value payments

Shetty says during the merger of Andhra Bank and Corporation Bank into Union Bank of India, Swift worked on minimising the challenges and ensured a smooth transition of cross-border transactions of the three banks into the amalgamated entity.

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