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29
Feb
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ADITYA INSTITUTE OF MANAGEMENT STUDIES & RESEARCH And IMC Chamber of Commerce and Industry presents 8th INTERNATIONAL RESEARCH CONFERENCE, 2020 Theme: “Transforming Business - The SMART Way”
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5
Mar
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Conference on the Insurance for Mental Health
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26
May
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14th International Symposium of Gold, Silver and Copper
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RBI
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19
Feb
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RBI/2019-20/159
(Delhi)
Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance
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19
Feb
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RBI/2019-20/160
(Delhi)
Micro, Small and Medium Enterprises (MSME) sector – Restructuring of
Advances
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19
Feb
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RBI/2019-20/161
(Delhi)
Implementation of Section 51A of UAPA, 1967: Addition of one new entry to 1533 Democratic Republic of the Congo (DRC) Sanctions list
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LIVE MARKET
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NASDAQ
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FTSE 100
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the U.S. presidential election in November.
As Trump heads to India on his first official trip on Monday, negotiators have been trying for weeks to put together a ...
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The finance ministry’s decision to treat highway projects as a single entity that cannot be bifurcated into small packages could impact award of about 1,000 km of key infrastructure projects, including the Delhi-Mumbai and Ahmedabad-Dholera Expressways.
As a norm, any public-private infrastructure project ...
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India Inc yet again disappointed stock investors, who were looking for a recovery in corporate earnings. They were often told a turnaround was around the corner, but it never materialised.
And analysts say the trend may continue going forward, though the low-base effect may help in some cases.
For at le...
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Throwing his weight behind Finance Minister Nirmala Sitharaman's budget numbers, Reserve Bank Governor Shaktikanta Das has said that there is no reason to doubt that the government will be able to cut fiscal deficit to 3.5 per cent of the GDP in the fiscal beginning April 1.
Das said the government has rem...
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Finance minister Nirmala Sitharaman said on Tuesday sectors such as pharmaceuticals, solar and chemicals have expressed concerns about possible disruptions in imports of raw materials from China due to coronavirus outbreak, and promised swift remedial measures after due consultations with the Prime Minister’s...
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MARKET & FINANCE
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India’s slowing economy took a toll on much-needed savings too, with the savings rate touching a 15-year low, and household savings also falling. This has weakened India’s macro-economic position which is already hobbled by low investment and rising external borrowing to fund capital needs.
Household savin...
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Promoters of top Indian companies have reduced their pledged shares in the December quarter thanks to the rally in the stock market after the cut in corporate tax rate in September, and delay in capex plans. Pledged holdings of companies in the BSE 500 index declined to 2.28 per cent in the December quarter f...
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GLOBAL CORPORATE
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Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.
Half of Samsung’s smartphones are now made in Vietnam, where the coronavirus that has cripp...
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Apple Inc’s (AAPL.O) surprise warning that it will likely fall short of this quarter’s sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products. Revising guidance set just three weeks ago, the world’s...
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RBI
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The Reserve Bank of India could push the implementation of Ind-AS — the Indian version of global accounting standards — to fiscal 2023, seeing poor preparedness of banks to make the transition. The new rules are expected to add to the burden of higher capital requirement for banks, especially loanloss provisi...
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Banking
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Bankers to Vodafone Idea are bracing for higher provisions on their loans to the beleaguered telecom firm as the Department of Telecom examines options which include the encashment of bank guarantees.
Any move to encash guarantees to recover dues from Vodafone Idea could lead to possible default and bankru...
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Post Budget
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Defending the tax proposals in the recent Budget as a fine balancing act under the current economic milieu, Revenue Secretary Ajay Bhushan Pandey said that tax rates in India are “not repressive”, but among the most competitive in the world.
The Budget measures are focussed on getting the right balance bet...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switerzland |
July 2019 |
Click |
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China’s economic growth in the first quarter could fall to as low as 3.5% if the spread of the new coronavirus is not contained fast enough for manufacturing production to resume to normal levels, Morgan Stanley analysts wrote in ...
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It’s “fair” to say that countries such as Oman and Bahrain are vulnerable to a potential rating downgrade if the coronavirus outbreak lasts longer than expected, according to the chair of sovereign ratings at a credit rating firm....
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The Covid-19 has weakened demand for Asian exports and has caused supply chain disruptions that are set to slow growth across the Asia Pacific, credit rating agency Moody’s has said in a report.
Moody’s Investor Services has lo...
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China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United Stat...
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INDIAN CORPORATE
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The economic slowdown is beginning to reflect in the salary hikes of India Inc. The average salary increase in 2020 is projected to be 9.1 per cent, the lowest in a decade, according to the 24th edition of Aon Plc’s annual salary ...
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Bharti Airtel's adjusted gross revenue (AGR) bill is set to increase, with the Department of Telecommunications (DoT) likely to add a bulk of Videocon Telecommunications' Rs 2,041 crore dues to it, say government officials. Airtel...
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Lenders to Suzlon are looking to extend the inter-creditor agreement (ICA) till April 30, 2020, to give themselves more time to come up with a resolution, bankers close to development told FE. The consortium of lenders entered int...
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Walmart on Tuesday said Flipkart led its e-commerce sales in the international segment. E-commerce contributed about 12% of the total segment sales in the three months ended January 2020. Net sales at Walmart International increas...
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Confusion prevails within the ranks of government over the next steps to be taken on the matter of adjusted gross revenue (AGR) dues of the industry, with no clear line emerging whether to encash the bank guarantee of the telecom ...
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GST
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Does a company that rents out heavy infrastructure equipment for projects needs to register in each state where the machinery is used? In what could become a contentious point between revenue authorities of states, indirect-tax officials of Uttar Pradesh recently issued notices to several infrastructure compa...
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The Central Board of Indirect Taxes & Customs (CBIC) has instructed its officers to initiate measures to recover interest payable for delayed filing of monthly returns (GSTR-3B). As per FE (February 13), the instruction from Member of the Board puts the figure at over Rs 46,000 crore. Considering the shortfal...
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Insolvency
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Continuing with efforts to make insolvency process more smooth, the IBBI has proposed allowing Committee of Creditors (CoC) to vote simultaneously on two or more resolution plans for a company.
The Insolvency and Bankruptcy Cod...
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