January 19, 2022

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IMC EVENTS

 

20
Jan

IMC LW- Investment Series : 2 - Power your life, Lets talk Money

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21
Jan

Online discussion on NextGen Transition-Building Businesses that last

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22
Jan

Acing Communication and Public Speaking Skills for Networking

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24
Jan

Online Seminar on Commodity Fundamentals Forum - Energy

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25
Jan

Entrepreneurship Bootcamp: 'Zero to One' - How to build Future Series I –The Business of Art and NFT’S

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27
Jan

IMC LW- Lets workout with Yasmin Karachiwala

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27
Jan

Turmeric Futures: Tool to manage Price risk and as Investment avenue

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31
Jan

Online Talk –Insights and Ideas for Conducting an Effective International Arbitration from the Perspective of South Asian Parties

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2
Feb

Demystifying application of Artificial Intelligence and Emerging Technologies

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10
Feb

Understanding Cryptoassets

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NOTICE

IMC OTHER EVENTS

 

20
Jan

Monumento 2022

Click here for more details

Notifications

 
CUSTOMS

19
Jan

Circular No.01/2022 (Delhi)
Retention of ISO Containers to meet future requirements.

INCOME TAX

19
Jan

Notification No. 8/2022 (Delhi)
In exercise of the powers conferred by sub-section (1B) of section 45, read with section 295 of the Income-tax Act, 1961

19
Jan

Notification No. 9/2022 (Delhi)
In exercise of the powers conferred section 114 of the Finance (No. 2) Act, 2004, (23 of 2004),

17
Jan

Notification No. 4 /2022 (Delhi)
In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.142/2021

17
Jan

Notification No. 5 /2022 (Delhi)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

17
Jan

Notification No. 6/2022 (Delhi)
In exercise of the powers conferred by clause (4D) of section 10 and sub-section (1B) of section 115AD

CUSTOMS

15
Jan

Notification No. 03/2022 (Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

INCOME TAX

15
Jan

Notification No. 3/2022 (Delhi)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961)

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INDIAN ECONOMY

Q4 GDP growth to be a little lower than expected earlier: Aditi Nayar

Inflation is becoming a real worry and it is a global phenomenon. In the Indian context, 5.59% was the CPI for December and it is still masking the real inflation or what a full pass through of crude prices would mean for consumers. How worried do you think policymakers should be right now? Crude oil price...

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Borrowing cost for states rises on increase in G-Sec yield

The borrowing cost of State Development Loans (SDL), with a maturity of 10-years, rose sharply by 10 basis points to a 21-month high in Tuesday’s auction due to a steep rise in yields on government securities in the last few days. The borrowing cost has touched its highest level after April 13, 2020. Accor...

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Omicron poses limited downside to India, say economists in poll

There is scant downside risk to the Indian economy in the last months of this financial year from the Omicron coronavirus variant, according to economists polled by Reuters who said New Delhi should focus on fiscal prudence in its February budget. Asia's third-largest economy is in the midst of a resurgenc...

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MARKET & FINANCE

Cash holdings of mutual funds on a rise amid higher market volatility

The cash holdings of mutual funds are on a rise amid expensive equity valuations and higher stock market volatility. According to the data from Motilal Oswal Financial Services, the average cash holding as a percentage of total equity assets of top 20 mutual fund houses increased to 4.3% in December 2021 f...

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Franklin Templeton tells SC it has distributed Rs 26,098 crore to unit holders of the 6 MF debt schemes

Franklin Templeton on Tuesday informed the Supreme Court that it has so far distributed Rs 26,098 crore to unit holders of the six mutual fund debt schemes that it had proposed to wind up in 2020 citing difficulties in the bond market due to the pandemic. This amount represent 103.5% of the aggregate assets u...

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GLOBAL CORPORATE

High inflation drivers to remain strong until second half of 2022: EU

European Commissioner for the Economy Paolo Gentiloni said on Tuesday that factors contributing to high inflation in the European Union will diminish, but not earlier than in the second half of the year. "It is clear that the factors driving to high inflation in the EU will decline, will fade, but probably...

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Microsoft’s giant $69 billion deal: To acquire video game firm Activision Blizzard, will pay this much premium

Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The all-cash deal announced by Microsoft on Tuesday, its biggest-ever acquisition, will bolster its firepowe...

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Czech car production falls 4.1% in 2021, return to growth possible in 2022

Czech passenger car production fell by 4.1% to 1.105 million vehicles in 2021 as global chip shortages hit production, although a return to growth could come already in 2022, the Czech Automotive Industry Association (AutoSAP) said on Tuesday. “We estimate that up to 300,000 vehicles... were not produced i...

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Europe car sales plunge 22%, punctuating worst year in decades

Europe’s car sales slid during December for a sixth month of declines in a row, showing the extent of the uphill battle automakers are facing in the chip supply crisis. Passenger car registrations dropped 22% last month to 950,218 vehicles, the European Automobile Manufacturers’ Association said Tuesday. N...

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INCOME TAX

Assets issued to employees by Indian crypto bourses under taxman's Lens

Cryptocurrencies or digital assets issued to employees by crypto exchanges as incentives are set to come under the taxman's lens. The question is whether the coins - most of them issued by Indian exchanges - can be construed as income and what could be the income tax applicable on the digital assets. Ma...

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PRE-BUDGET

FM may propose tax relief for global debt investors in Budget

Finance minister Nirmala Sitharaman will likely consider a capital gains tax waiver in the Union Budget for overseas debt investors, a move that will set the stage for India's inclusion in the keenly tracked global bond indices of Bloomberg-Barclays and JP Morgan, three people familiar with the matter told ET...

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Sops in Budget 2022 for agri value addition on cards

The government is drawing up a plan to incentivise value addition in agriculture that can boost farmers' incomes, as it looks to ensure development of the sector even after the withdrawal of farm laws late last year. The broad thrust of the strategy is to encourage backward linkages to the farm, officials ...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switerzland July 2019 Click
Russia posts record 2021 current account surplus of $120.3 bln

Russia ran a record high current account surplus of $120.3 billion in 2021, up from $36.0 billion in 2020, central bank data showed on Tuesday. Russia’s net capital outflow totalled $72 billion in 2021, compared with $50.4 bill...

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Taiwan's economy could grow 4.6% this year - minister

Taiwan's economy could grow up to 4.6% this year, a senior minister said on Tuesday, slightly higher than current official forecasts as the tech powerhouse island benefits from soaring demand for semiconductors and gadgets like sm...

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Japan's 10-year bond yields fall as BOJ keeps rate targets unchanged

Japan's benchmark 10-year bond yields fell on Wednesday, after the Bank of Japan kept its interest rate targets unchanged, though rising U.S. bond yields limited losses. The BOJ left unchanged a -0.1% target for short-term inte...

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UK employers add record number of jobs despite Omicron spread

British employers added a record 184,000 staff to their payrolls in December, showing little impact from the Omicron variant of coronavirus, while job vacancies hit a new record high, potentially fuelling the Bank of England's inf...

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Rajapaksa looks to bring in laws, fast-track plans to attract forex

Sri Lanka will introduce new laws to attract investments over the next three years while policies to develop exports, tourism and remittances will be fast-tracked in a bid to rebuild foreign exchange reserves, President Gotabaya R...

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INDIAN CORPORATE

L&T Technology Services Q3 profit jumps 34% on wider profit margins

L&T Technology Services (LTTS) on Tuesday reported 34 per cent jump in December quarter net profit at Rs 248.8 crore, driven majorly by profit margin expansion. Revenue from operations rose to Rs 1,687.5 crore from Rs 1,400 cro...

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Bajaj Finance reports stellar 85% growth in Q3 profits, plans fundraising

Bajaj Finance today reported a robust 85% on-year growth in net profit during the October-December quarter. Bajaj Finance reported a consolidated profit after tax of Rs 2,125.29 crore in the third quarter which was significantly h...

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SC upholds winding up of Devas Multimedia

The Supreme Court on Monday upheld the National Company Law Tribunal’s May 2021 order to wind up Bengaluru-based Devas Multimedia, which has over the last one and half decade been embroiled in a controversy over its 2005 agreement...

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Reliance Jio prepays Rs 30,791 crore spectrum dues, clears all deferred liabilities

Mukesh Ambani-led Reliance Industries’ telecom arm Reliance Jio Infocomm Ltd. has prepaid Rs 30,791 crore, including accrued interest, to the Department of Telecom (DoT) to clear deferred spectrum liabilities, Jio said on Tuesday....

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Jio, Airtel see steady customer gains in November 2021 at Vi's expense: Trai

Reliance Jio and Bharti Airtel reported steady wireless customer gains in November, largely at the expense of Vodafone Idea (Vi) which continued to suffer heavy customer losses, unable to offset the impact of sharp hikes in base p...

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Reliance Jio topples BSNL as largest fixed line broadband provider

In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20 -year-old state-run telecom company BSNL as top service provider in the segment. According to a monthly telecom subscriber...

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COMMERCIAL LAW

Homebuyers to get compensation for delays in possession of apartment

The National Consumer Disputes Redressal Commission (NCDRC) in a recent verdict held that a homebuyer is entitled to compensation for delays up to the point they receive possession of a completed unit. Possession that is offere...

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