The revision in the rating assigned to the bank loan facilities of Rs1,151cr of Reliance Infrastructure Ltd. (R-Infra) is primarily due to the deterioration in the credit risk profile and weakening of the financial/debt servicing profile of the company owing to substantial losses reported by the company during FY19.
from India Infoline News Service https://ift.tt/2Yra9ZI
Sunday, June 30, 2019
Mahanagar Gas hikes CNG & PNG prices
The reason for the hike is the increase in tariff at the company's Trombay RCF and Uran-Thal-Usar pipelines.
from India Infoline News Service https://ift.tt/2FGma6g
from India Infoline News Service https://ift.tt/2FGma6g
Kalpataru Transmission bags orders worth Rs975cr
The new orders include engineering, procurement, and construction (EPC) order for pipeline laying and associated works in India, as per KPTL's statement.
from India Infoline News Service https://ift.tt/2Xbx8Gv
from India Infoline News Service https://ift.tt/2Xbx8Gv
Money Market Operations as on June 28, 2019
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from PRESS RELEASES FROM RBI https://ift.tt/32195Oa
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Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
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The result of the RBI Fixed Rate Reverse Repo Operations held on June 29, 2019 is as under:
Ajit Prasad Press Release: 2019-2020/3 |
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from PRESS RELEASES FROM RBI https://ift.tt/2KOIEGh
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National Anti-profiteering Authority gets teeth to probe beyond scope of DG’s complaint
The move comes on the heels of GST Council, the apex decisionmaking body for the levy, extending the tenure of the NAA by two years.from Economy-News-Economic Times https://ift.tt/2IY1lVU
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Liquidity Adjustment Facility: Fixed Rate Repo Operations
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The result of the RBI Fixed Rate Repo Operations held on June 29, 2019 is as under:
Ajit Prasad Press Release : 2019-2020/2 |
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from PRESS RELEASES FROM RBI https://ift.tt/2FGgUPJ
via
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
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The result of the RBI Fixed Rate Reverse Repo Operations held on June 28, 2019 is as under:
Ajit Prasad Press Release: 2019-2020/1 |
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from PRESS RELEASES FROM RBI https://ift.tt/2J0LXYX
via
PwC quits as auditor for Everready Industries
Singhi & Co has replaced PwC as auditor of the company.
from India Infoline News Service https://ift.tt/2J3E2Kt
from India Infoline News Service https://ift.tt/2J3E2Kt
Asian stocks jump with Yuan on trade truce; Oil surges
Futures on the S&P 500 climbed as much as 1.1% before the strength of the risk-on trade eased as Monday trading continued.
from India Infoline News Service https://ift.tt/2IYRZJf
from India Infoline News Service https://ift.tt/2IYRZJf
Broker Radar for July 1
Check out the stock commentaries and recommendations from brokerage houses.
from India Infoline News Service https://ift.tt/2xnh0HE
from India Infoline News Service https://ift.tt/2xnh0HE
SGX Nifty indicates a flat opening for Indian Markets
For today, expect gap up open as Asian equities see strong rebound after positive weekend talks in Osaka.
from India Infoline News Service https://ift.tt/2FKFTl5
from India Infoline News Service https://ift.tt/2FKFTl5
What not to miss today
Here is the important news to watch out for today.
from India Infoline News Service https://ift.tt/2NDAlzt
from India Infoline News Service https://ift.tt/2NDAlzt
Birthday wishes: industry wants it simpler and all-encompassing
The CII wanted a reduction of the number of GST slabs to "two or three" as well as make keep the 28% slab to only include “de-merit goods.”from Economy-News-Economic Times https://ift.tt/2J1MWrL
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Two years of GST: Road ahead for one nation, one tax
The one-nation, one-tax revolution has seen a few hiccups, but it’s settling down and benefits should start to flow sooner rather than later.from Economy-News-Economic Times https://ift.tt/2LubHP4
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Top stocks in focus: Jet Airways, Auto stocks, Eveready Industries, Reliance Capital
Check out the companies which will be in focus during trade today based on recent and latest news developments.
from India Infoline News Service https://ift.tt/2Xj1RGO
from India Infoline News Service https://ift.tt/2Xj1RGO
Banking
With an eye on profitability, e-wallet firm to pass on MDR fee to customers that banks & card cos levy on payments.from Banking/Finance-Industry-Economic Times https://ift.tt/2XcZ8K1
Banking
Over the last few weeks several large Indian and MNC banks met senior RBI officials to put across their point.from Banking/Finance-Industry-Economic Times https://ift.tt/2FIVuSe
Shell out fee on paytm transactions from today
With an eye on profitability, e-wallet firm to pass on MDR fee to customers that banks & card cos levy on payments.from Banking/Finance-Industry-Economic Times https://ift.tt/2XcZ8K1
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Banks wary of rising hedging cost
Over the last few weeks several large Indian and MNC banks met senior RBI officials to put across their point.from Banking/Finance-Industry-Economic Times https://ift.tt/2FIVuSe
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View: GST, the most audacious tax reform- A leap of faith and political determination
The goods and services tax (GST) is a destination-based, value added tax on final consumption by both the Centre and the states on the same tax base.from Economy-News-Economic Times https://ift.tt/2Je7oo4
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Government unlikely to get fiscal boost from RBI surplus
The panel is expected to submit its report on July 16 after a meeting this month to narrow differences.from Economy-News-Economic Times https://ift.tt/2IYLJRL
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View: Much thought has gone into India’s unique GST design
First and foremost was the fact that the taxation powers of indirect taxes were divided between the states and the Centre.from Economy-News-Economic Times https://ift.tt/2Nl3TRX
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Banking
The initial plan, announced in the FY19 budget, had been to merge Oriental Insurance Company, National Insurance Company and United India Insurance Company – all unlisted entities – into one entity.from Banking/Finance-Industry-Economic Times https://ift.tt/2ZVlOQP
IMG to discuss merger of state-run insurance companies
The initial plan, announced in the FY19 budget, had been to merge Oriental Insurance Company, National Insurance Company and United India Insurance Company – all unlisted entities – into one entity.from Banking/Finance-Industry-Economic Times https://ift.tt/2ZVlOQP
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Monsoon to intensify, reach Himachal Pradesh and UP in next two days
Monsoon is expected to gather strength, propelled by a system of heavy clouds over the Bay of Bengal that will move towards Gujarat, causing heavy rainfall on the way.from Economy-News-Economic Times https://ift.tt/2FID18a
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Hopes of fuel prices, govt finances easing recedes
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XDa7AQ
‘RBI rate cut impacts only a percentage of bank’s cost of funds’
Federal Bank CEO says he believes a 25-50 bps cut is possible this year
from The Hindu - Industry https://ift.tt/2XgqVhJ
from The Hindu - Industry https://ift.tt/2XgqVhJ
Why nuclear when India has an ‘ocean’ of energy
Though the ‘highly harmful’ source is regarded as saviour on certain counts, the country has a better option under the seas
from The Hindu - Industry https://ift.tt/2IZTMxQ
from The Hindu - Industry https://ift.tt/2IZTMxQ
News Analysis: Procedural concerns in focus as GST enters third year
Industry groups seek simplification of registration and return filing to build on the gains; revenue trend in recent months signal turnaround
from The Hindu - Economy https://ift.tt/2xo2YWh
via
from The Hindu - Economy https://ift.tt/2xo2YWh
via
India seeks Kuwaiti investments in infrastructure and power sectors
Finance Minister Nirmala Sitharaman during a recent meeting with Kuwait envoy to India stated that there are several promising opportunities available for the Kuwaiti investors in different sectors.from Economy-News-Economic Times https://ift.tt/2Jaj77a
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Banking
After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems, RBI had also asked banks to pass on the benefits to customers from the same day.from Banking/Finance-Industry-Economic Times https://ift.tt/2XdXUOL
Fund transfer via RTGS, NEFT set to get cheaper from Monday
After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems, RBI had also asked banks to pass on the benefits to customers from the same day.from Banking/Finance-Industry-Economic Times https://ift.tt/2XdXUOL
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Steel ministry to give formal view on RCEP after meeting with stakeholders
Views of the steel sector assumes significance as the domestic players have raised serious concerns over significant reduction of customs duties under the proposed pact.from Economy-News-Economic Times https://ift.tt/324h9xA
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Government to introduce further reforms in GST on Monday to mark 2 years of rollout
The ministry said it will introduce the new return system on a trial basis from July 1 and on mandatory basis from October 1.from Economy-News-Economic Times https://ift.tt/2XjaFMQ
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Fund transfer via RTGS, NEFT set to get cheaper from Monday
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Xc17hB
Time to implement GST 2.0: India Inc
Batting for a single registration process pan-India, CII said building on the milestones of the past two years, it is time to implement GST 2.0.from Economy-News-Economic Times https://ift.tt/2RJLSve
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What is black money, and why is it to so difficult to quantify it?
What are the steps the government can take to quantify unaccounted income?
from The Hindu - Economy https://ift.tt/2JjWJbI
via
from The Hindu - Economy https://ift.tt/2JjWJbI
via
HUL sets up council for digital transformation
Have 5-pronged strategy to thrive in new world, says CMD
from The Hindu - Economy https://ift.tt/2ZZkb4x
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from The Hindu - Economy https://ift.tt/2ZZkb4x
via
The Big Bank Challenge: How Jaitley dealt with the sector through his Budgets
Jaitley recognised the importance of the sector's health to the overall health of the economy.from Economy-News-Economic Times https://ift.tt/2LthHr4
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IL&FS board sets up sub-committee to oversee disinvestment process
The decision to form a sub-panel was taken in its board meeting held on June 28, Infrastructure Leasing & Financial Services Ltd (IL&FS) said in a statement.from Banking/Finance-Industry-Economic Times https://ift.tt/2XbDPII
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Banking
The decision to form a sub-panel was taken in its board meeting held on June 28, Infrastructure Leasing & Financial Services Ltd (IL&FS) said in a statement.from Banking/Finance-Industry-Economic Times https://ift.tt/2XbDPII
Budget may hike I-T exemption threshold, levy 40 per cent tax on income over Rs 10 cr: KPMG survey
The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across industries.from Economy-News-Economic Times https://ift.tt/2XeDULM
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Promoters, directors now getting SMS alerts for discrepancies in returns filed, GST non-payment
Dubbed as an anti-evasion step, transporters and businesses are required to generate e-way bill for transporting goods more than Rs 50,000.from Economy-News-Economic Times https://ift.tt/2XFVgp8
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Saturday, June 29, 2019
China warns of long road ahead for deal with US after ice-breaking talks
China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries' presidents held ice-breaking talks in Japan.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Yk1vvL
'Golden age' of Australian economy fades as dark clouds loom
Once dubbed the "Goldilocks economy" for avoiding the pitfalls of the global financial crisis, Australia has seen 27 years of uninterrupted expansion - unprecedented in the developed world. But the outlook appears increasingly bearish, and resilient Australia's faltering growth could be the canary in the coal mine for the world economy.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IYcMww
ONGC seeks private suitors for 64 small fields
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RMzDxZ
Why salaried Indians need a big hike in standard deduction
While businessmen and consultants can claim exemptions against all kinds of expenses, for salaried employees, tax is deducted at source by the employer, which significantly lowers the take-home pay. A good way forward is by increasing standard deduction — not by a token amount, but substantially. Standard deduction is the amount that gets subtracted from your taxable income.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31SnbBs
AI pilots seek pay dues before divestment process
Air India pilots have asked the airline to settle their wage dues — which they claim is over Rs 1 crore per pilot — before the government proceeds with Maharaja’s divestment. The second attempt to sell off AI is likely to kick start early next month. The pilots have warned that failure to pay these dues could lead them to moving the National Company Law Tribunal (NCLT) to recover the same, something they say “may derail AI’s divestment process”.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KMRq7Q
Reliance Home Finance extends maturities on NCDs of Rs400cr by 4 months
RHFL has already monetised over Rs5,000cr of retail assets and will continue to do so to meet its debt servicing obligations.
from India Infoline News Service https://ift.tt/2FG89VQ
from India Infoline News Service https://ift.tt/2FG89VQ
Apple of Jobs’ eye says goodbye to co, to start new firm
Jonathan ‘Jony’ Ive has been leaving Apple for years. When it was finally made official on Thursday, there was nevertheless handwringing about the company’s future. Ive led a stable, close-knit team of designers who contributed to key Apple hardware and software designs for more than two decades. Ive will start his own design company, Apple said on Thursday.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XASyRH
Entrepreneurship on wheels: A UNDP project is taking mentorship and training to rural women
It is well known that in India has one of the lowest workforces in the world with a rank of 108 in the Gender Gap Index. The only way to bridge the space is by economically empowering women by providing them an opportunity to have a job or start their own business.from SME Sector-Small Biz-Economic Times https://ift.tt/2KMzGcG
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Friday, June 28, 2019
Mindtree founders don’t tender shares to L&T
The four Mindtree founders who remain with the firm have not tendered their shares in L&T’s open offer that closed on Friday. The founders — Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan, and Rostow Ravanan — together own 13% in the Bengaluru-based mid-tier IT firm.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/304YlwL
India, Indonesia set USD 50 billion trade target by 2025
According to Ministry of External Affairs spokesperson Raveesh Kumar, India and Indonesia set a USD 50 billion target for bilateral trade by 2025.from Economy-News-Economic Times https://ift.tt/2IXjAe0
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Government uses GST alerts for better compliance
An independent director of a large public sector company recently received a message that there was a mismatch in GST return filed by the state-run metals player. The board member immediately contacted the company management, which rectified the mistake.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KL5UVw
Access to credit, technology adoption, connect with global peers, key for Indian MSMEs growth: WASME
WASME has been consistently working closely with world MSMEs, Central and State Governments in providing opportunities to MSMEs.from SME Sector-Small Biz-Economic Times https://ift.tt/2XiJstJ
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Promoting manufacturing exports is needed to spur MSME growth: Assocham
Providing Indian MSMEs a better visibility to other countries with a better buying potential will be key to greater success.from SME Sector-Small Biz-Economic Times https://ift.tt/2Yhc2YK
via
Donald Trump says meeting with Xi was 'excellent'
The United States and China have agreed to restart trade talks and Washington will not level new tariffs on Chinese exports, China's official Xinhua news agency said on Saturday, as US President Donald Trump said the talks were "back on track".from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KOMFu7
Government uses GST alerts for better compliance
The GST authorities also raise an alarm in case the input tax credit (ITC) does not match with the claims made in GSTR 2A return form and GSTR 3B filing.from Economy-News-Economic Times https://ift.tt/2Yj2cFK
via
Despite monsoon picking up, crop area down 9.5%
The rainfall deficit has come down to 35% from around 42% last week.from Economy-News-Economic Times https://ift.tt/2KMn710
via
UPL completes purchase of Costa Rica-based Industrias Bioquim
We would now like to inform that the transaction has closed on June 27, 2019. This acquisition has been made through a subsidiary of UPL Corporation Ltd, the international arm of UPL Ltd, the company added.
from India Infoline News Service https://ift.tt/2Yk3ss9
from India Infoline News Service https://ift.tt/2Yk3ss9
Nifty snaps 3-week losing streak; Bank's lead
If that was not enough, monsoon continues to remain a concern. Rains were 24% below average in the week ended June 26, as the seasonal rainfall was scanty over central and western parts of the country, according to media reports.
from India Infoline News Service https://ift.tt/31ZMemb
from India Infoline News Service https://ift.tt/31ZMemb
Nifty slips below Shooting star low, support at 11,700, 50-DMA
Bank Nifty too formed a spinning top kind of a candle again, resembling a short term top in place.
from India Infoline News Service https://ift.tt/2YjIXvJ
from India Infoline News Service https://ift.tt/2YjIXvJ
India April-May Fiscal Deficit at 52% of full-year target
The government data said the net tax receipts in the first two months of the fiscal year were Rs1.15 trillion, while total expenditure was Rs5.13 trillion.
from India Infoline News Service https://ift.tt/31ZrDP6
from India Infoline News Service https://ift.tt/31ZrDP6
When even police had to tweet to contact Uber
With no response from customer care, Mumbai police take to Twitter to resolve a resident’s complaint
from The Hindu - Industry https://ift.tt/2xkRfHQ
from The Hindu - Industry https://ift.tt/2xkRfHQ
Better prices for farmers: Online warehouse-based trading soon
The trading will initially start from state owned warehouses of Warehousing Development and Regulatory Authority (WDRA).from Economy-News-Economic Times https://ift.tt/2XhACw8
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'Changes to bankruptcy code ready, to be sent to cabinet’
The changes include cross-border insolvency framework and harsher punishments for irregularities.from Economy-News-Economic Times https://ift.tt/2KLe8gw
via
Notify measures on movement of pros, patents
The US, EU and Canada are estimated give $160 billion of trade-distorting farm subsidies annually to products including cotton, wool and tobacco.from Economy-News-Economic Times https://ift.tt/2RHWpHq
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Customs regime may be tweaked to boost make in India, exports
Government could soon revamp its customs duty regime with focus on exemptions and inverted duty structures.from Economy-News-Economic Times https://ift.tt/2xkEm0y
via
Thursday, June 27, 2019
Donald Trump plays nice as divisive G20 opens
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2X6li0o
Cognizant reshuffles its top deck, hires former Wipro executive
Cognizant has reshuffled its top deck after some key exits. Its executive vice-presidents Debashis Chatterjee and Prasad Chintamaneni will exit the firm on July 31. Exec vice president Pradeep Shilige will succeed Chatterjee as the head of global delivery.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ISZEsB
EPFO says will stick to 8.65% rate for 2018-19
The labour ministry and Employees Provident Fund Organisation (EPFO) are sticking to the 8.65% return proposed by the retirement savings body’s board of trustees, citing adequate reserves and the Narendra Modi government’s pre-poll political backing to the plan.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XbFL4c
Micro ATMs a big hit in rural India, transactions in May touch 33.5 million
With an annual growth rate of 150% since 2016, the Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-ATMs, has emerged as one of the fastest growing payments systems in the country.from Banking/Finance-Industry-Economic Times https://ift.tt/2RG9WPR
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Govt asks banks to appoint GM-level officer to address MSME sector woes
MSME sector has been a focus of the Narendra Modi government as it plays a critical role in promoting economic growth.from SME Sector-Small Biz-Economic Times https://ift.tt/2Xa3Z3s
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