ENS ECONOMIC BUREAU

In the preliminary information memorandum, the government has made a number of key changes in its attempt to make it more attractive for bidders.

According to HDFC, total individual loan approvals grew by 15 per cent and disbursements 13 per cent. The average size of individual loans stood at Rs 26.9 lakh.

Manufacturers increase prices in January — in the range of 2-5% — to offset any rise in manufacturing cost during the year.

The airline revised its capacity guidance for financial year 2021 downwards 20 per cent from 25 per cent earlier due to slowdown in aircraft addition.

While many financial markets were closed in Asia for Lunar New Year holidays, Japan’s Nikkei sank over 2 per cent. Bourses in Europe too opened significantly lower.

The Power Ministry has had discussions with the Finance Ministry, said Singh on the sidelines of the event, adding that he was “optimistic” that the new scheme would find a place in the Budget.

The Sebi committee has also proposed changes to the process followed by a company’s audit committee for approval of RPTs that are material; further, a format for reporting of RPTs to the stock exchanges has been mooted.

While Crisil has downgraded non-convertible debentures of Vodafone Idea to ‘Crisil BB’ from ‘Crisil BBB-’, India Ratings & Research downgraded long-term issuer rating of the company to ‘IND BBB-’ from ‘IND BBB’.

According to an official statement released by the Ministry, the area under horticulture crops is estimated to be 25.61 million hectare in 2019-20, as against the 25.43 million hectare in 2018-19.

However, many have been able to protect their operating margins by resorting to cost-cutting measures and added help from benign commodity prices.

“The crew subsequently lost control, the aircraft hit the ground and caught fire,” the senior official said, citing the DGCA probe. The aviation regulator then issued show-cause notices to the pilots and the responses received were found to be unsatisfactory.

While the bank saw bad loan recoveries and upgrades worth Rs 4,088 crore during the third quarter, provisions declined 51 per cent to Rs 2,083 crore during the quarter as against Rs 4,244 crore during the same period last year.

The rise in forex reserves over the last four months has also come as a breather for the country’s rising external debt, which rose significantly over last couple of years from $485 billion in June 2017 to $557 billion in June 2019.

BoB’s fresh bad loans shot up 73 per cent sequentially to Rs 10,387 crore and provisions surged 156 per cent year-on-year (y-o-y) to Rs 7,155 crore.

The PSUs have told the SC that they were never heard on the issue before the order was passed and their revenues from their regular businesses were disproportionately higher than the income from the telecom business.

Undisclosed foreign assets of over Rs 1,000 crore and domestic evasion of over Rs 35 crore has been allegedly found by the I-T Department during its searches conducted against the Bharat Hotels group, which runs the hotel chain of Lalit Hotels, officials said.

Citing limitations of monetary policy to push growth, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said structural reforms and more fiscal measures are needed to revive growth.

“The investment limit under VRR has been increased to Rs 150,000 crore. The investment limit available for fresh allotment will accordingly be Rs 90,630 crore (net of extant allotments and adjustments) and it will be allotted under the VRR–Combined category,” the RBI said.

Speaking at an event, Sebi chairman Ajay Tyagi said a lot of improvement and efficiency can be brought by using advanced technology and data analytics in surveillance of capital markets.

GoAir operates Airbus A320neo fleet powered by the Pratt & Whitney engines that have faced continuous glitches over the last two years due to a variety of issues.