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Monday, November 29, 2021

Cross border insolvency: UN model allows automatic recognition of foreign rulings

November 29, 2021 3:45:53 am

Cross border insolvency proceedings are relevant for the resolution of distressed companies with assets and liabilities across multiple jurisdictions.

Jio hikes prepaid tariffs by up to 21% from Dec 1

November 29, 2021 3:30:51 am

Despite the increase in rates, Jio has kept the price of plans lower than Airtel and Vodafone Idea’s which is expected to continue pricing competition in the industry.

‘Spectrum prices at high levels, airwaves should be offered as a bundle’, says D-G of Cellular Operators Association of India

November 29, 2021 3:15:03 am

Director General of Cellular Operators Association of India Dr S P Kochhar talks to Aashish Aryan. Following are the edited excerpts

FPIs net buyers in Nov so far despite market correction; invest 5,319 cr

November 29, 2021 3:00:26 am

FPIs would be closely watching the spread of the new coronavirus variant and its possible impact on the growth globally.

Goyal to industry: Our effort is to reduce burdensome compliances

November 28, 2021 3:15:07 am

🔴 On fast resolution of commercial disputes, Goyal said the government is working on making mediation the preferred mechanism rather than everybody rushing to courts.

‘We never advocated crypto as legal tender... but this tech is solving real world problems’: Co-chair of BACC & Founder-CEO of CoinSwitch Kuber

‘We never advocated crypto as legal tender… but this tech is solving real world problems’: Co-chair of BACC & Founder-CEO of CoinSwitch Kuber

November 28, 2021 7:27:50 am

🔴 “Most of our users are very young. It is the Gen Z population, which is very excited about crypto. Average age is about 25-26 years on our platform that is investing in crypto.”

Omicron strain forces WTO to postpone ministerial meet

Omicron strain forces WTO to postpone ministerial meet

November 28, 2021 3:05:09 am

🔴 It is the first major trade casualty of the new Covid variant. No date has been set for reconvening the 12th ministerial conference, widely seen as a test of the WTO’s relevance amid criticism by key members on the multilateral trading system that it represents.

DIIs accumulate 12,818 crore of stocks in last 6 sessions: Domestic institutions bought stocks as FPIs rushed out during market rout

DIIs accumulate 12,818 crore of stocks in last 6 sessions: Domestic institutions bought stocks as FPIs rushed out during market rout

November 28, 2021 3:00:50 am

🔴 On Friday, when the Sensex fell 1,688 points, FPIs pulled out Rs 5,785 crore from Indian markets while DIIs invested Rs 2,294 crore, according to data available from stock exchanges.

FTAs not only way forward: Piyush Goyal

November 27, 2021 8:09:11 am

Piyush Goyal said the US market was “pretty much open” for Indian exporters.

Rupee tumbles 37 paise to 74.89 against US dollar

November 27, 2021 4:37:42 am

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.34 per cent down at 96.44.

GST GoM defers meeting, will submit final report to Council next month

November 27, 2021 4:31:06 am

Some state FMs had raised concerns over impact of any major rate changes. Some had also cited concerns about inflationary impact.

RBI accepts most of panel proposals, silent on corporate foray into banking

November 27, 2021 4:26:22 am

The central bank has opted neither to accept nor reject the proposal of an Internal Working Group (IWG) of the RBI that large corporate houses should be allowed as promoters of banks “only after necessary amendments” to the Banking Regulations Act, 1949.

Wave of fear hits markets worldwide, Sensex dives second time this week

November 27, 2021 3:59:38 am

🔴 The fall in markets was also driven by anxiety that the US central bank may wrap up its stimulus programme and raise interest rates sooner than expected in the wake of rising inflation.

Elon Musk, DoT, Telecommunications, Starlink Internet Services, economy news, indian express news

DoT asks Elon Musk’s Starlink to stop bookings, says ‘not a licencee’

November 27, 2021 10:09:15 am

In a press release late on Friday, the DoT said that Starlink Internet Services, a division of SpaceX, was not “licensed to offer satellite-based internet services in India being advertised to the public”.

FM Nirmala Sitharaman pushes for faster cargo release, refunds

November 26, 2021 1:39:25 am

The FM was accompanied by Revenue Secretary Tarun Bajaj and CBIC Chairman M Ajith Kumar on the day-long visit to Nhava Sheva.

GST GoM meet on Nov 27: Rate tweak plan worries some states

November 24, 2021 2:28:37 am

This comes in the backdrop of states citing concerns about the inflationary impact of any such major rate hikes, especially in the aftermath of the pandemic.

India’s GDP likely to grow 8.1% in Q2 FY22: SBI report

November 22, 2021 6:27:21 pm

The average GDP growth of 28 selected economies has decelerated to 4.5 per cent in Q3 (2021) as against 12.1 per cent.

Importer-exporter codes not updated after Jan 2014 to be deactivated

November 22, 2021 2:32:07 am

The Importer-Exporter Code (IEC) is a key business identification number that is mandatory for exports or imports. No person shall make any import or export except under an IEC number granted by the DGFT.

Corporate India profit growth to stay strong for next 12-18 months

November 22, 2021 2:29:25 am

These upgrades offset the downgrades in the earnings in the automobile, consumer staples and other discretionary sectors where revenues have been hit by input shortages and margins have been under pressure.

Forex reserves fall for second week in a row, down $763 mn

November 21, 2021 4:10:51 am

In the preceding week ended November 5, the reserves decreased by $1.145 billion to $640.874 billion. They had touched a lifetime high of $642.453 billion in the week ended September 3.


EPFO board meet: Investment in AIFs on case-to-case basis; centralised database

November 21, 2021 1:17:38 am

The decision was taken at the 229th meeting of the Employees' Provident Fund Organisation's apex decision-making body -- Central Board of Trustees (CBT), headed by Union Labour Minister Bhupender Yadav.

Digital lending: RBI panel pitches for tougher norms, separate law

November 19, 2021 3:30:34 am

According to the committee, digital lending apps should be subjected to a verification process by a nodal agency to be set up in consultation with stakeholders. It also proposed the setting up of a Self-Regulatory Organisation (SRO) covering the participants in the digital lending ecosystem.

Economy to grow 7-7.5% next fiscal year: EAC-PM

November 19, 2021 3:29:27 am

“Looking beyond the current year, 2021-22, EAC-PM members were optimistic about real and nominal growth prospects in 2022-23. Other than an element of he base effect, the contact intensive sectors and construction should recover in 2022-23,” Economic Advisory Council to the Prime Minister said.

Nirmala Sitharaman, Nirmala Sitharaman at CII

New age industries will make a big difference in Indian economy: FM Nirmala Sitharaman

November 17, 2021 5:55:25 pm

FM Sitharaman CII Global Economic Policy Summit 2021: Finance Minister Nirmala Sitharaman also urged India Inc to be a lot more risk-taking, build capacity and understand what India is looking for.

Fitch retains rating with negative outlook on ‘higher debt levels’

November 17, 2021 1:15:16 am

Last month, Moody’s Investors Service had affirmed India’s sovereign rating and upgraded its outlook to ‘stable’, from ‘negative’ citing receding downside risks to economy and financial system.