Data accessed from the Securities and Exchange Board of India (Sebi) website shows that from an investment of Rs 361 crore by AIFs at the end of March 2013, the cumulative investment by AIFs grew to Rs 1.25 lakh crore by September 2019.
Restaurant owners have pointed to the street violence in urban centres such as Delhi, Lucknow and Kolkata, alongside prohibitory orders imposed by state administrations, having a direct impact on the food business.
Two senior government officials, who are aware of the deliberations to tighten the regulatory framework, said the move to “step back” on the drone policy has been prompted by fresh red flags raised by security agencies.
Sections within the government as well as leading market players have noted that LTCG has not yielded much in terms of revenue. The tax was imposed after direct intervention by Prime Minister Narendra Modi seeking financial market players to make a fair contribution for nation building.
Warendra Sinha, MD and CEO of IFFCO Tokio General Insurance, told The Indian Express that the industry will continue to grow at the same pace as the penetration remains low and also because the economic growth won’t be too bad for too long.
Most of the prominent India Inc leaders excused themselves from talking on the ongoing protests. A few who responded to queries said that while people have a right to protest, these mass demonstrations contribute to building a negative image and could hit investment sentiment.
A big factor in the drop in aggregate profits has been the huge losses announced by Bharti Airtel and Vodafone Idea Limited (VIL) during the quarter on account of provisioning for adjusted gross revenue (AGR).
Also, as inflation concerns grew, the RBI’s monetary policy committee took a pause, leaving the repo rate — the rate at which RBI lends to commercial banks — untouched at 5.15 per cent for the first time in 10 months.
His words, perhaps, found resonance in the silence of several leading voices in India Inc after the GDP figures came in. The Confederation of Indian Industry, the leading industry body, skipped issuing a statement on the GDP numbers.
DHFL’s total liabilities are Rs 83,873 crore, as per its draft resolution plan. Of this, it owes banks Rs 27,527 crore, NCD holders (including retail investors, mutual funds and others) Rs 41,431 crore, NHB Rs 2,350 crore and ECBs Rs 2,747 crore. The exposure of banks could be about Rs 38,000 crore.