Delhi HC asks banks to maintain status quo on asset classification: Report

Delhi HC asks banks to maintain status quo on asset classification: Report

This provides relief to companies whose loans might have been classified as bad loans. Representative image The Delhi High Court has asked banks to maintain the status quo on asset classification for the March 1-May 31 period, the three months for which the RBI has given a repayment moratorium to borrowers, a report in The Economic Times […]

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‘Opt out’ choice: Fasal Bima enrolment to fall 25%

‘Opt out’ choice: Fasal Bima enrolment to fall 25%

A lower-than-anticipated fall in expected coverage will help insurance companies roll out their plans when the bids for premium will be invited after the lockdown. By Prabhudatta Mishra The government is expecting only a 25% drop in enrolment under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the next crop year even after the scheme […]

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3 Point Analysis | Which countries have been impacted the most by coronavirus

3 Point Analysis | Which countries have been impacted the most by coronavirus

Moneycontrol’s Sakshi Batra does a 3 point analysis of the three most impacted countries from COVID-19 There have been over 13 lakh confirmed cases of novel coronavirus, or COVID-19, across the world, including over 74,000 deaths, as of April 8. The novel coronavirus (or COVID-19) pandemic has led to a lockdown across the globe, forcing billions out […]

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Fidelity sells Tata Communications shares worth over Rs 185cr

Fidelity sells Tata Communications shares worth over Rs 185cr

Shares were sold at an average price of Rs 235.01 apiece, taking the total deal value to Rs 185.52 crore. Representative image Fund manager Fidelity on Wednesday offloaded more than 78 lakh shares worth over Rs 185 crore of Tata Communications Ltd through open market transactions. As per the bulk deal data on NSE, a […]

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GST refund, income tax refund soon; FinMin gives immediate tax relief to lakhs of businesses, taxpayers

GST refund, income tax refund soon; FinMin gives immediate tax relief to lakhs of businesses, taxpayers

The move is seen as an extension of the relief measures worth Rs 1.7 lakh crore announced by Finance Minister Nirmala Sitharaman. Long pending GST refunds, customs refunds, and income tax refunds will soon be credited into your accounts as the government has decided to provide immediate tax relief to about 1 lakh businesses and […]

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How soon will the economy recover after the lockdown ends?

How soon will the economy recover after the lockdown ends?

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Suzuki’s plant in India is ready amidst demand uncertainty

Suzuki’s plant in India is ready amidst demand uncertainty

The 18 percent fall in volumes last year and a crippled demand outlook for at least two quarters is casting a shadow on Maruti Suzuki’s parent company’s newest factory that is coming up in Gujarat. Suzuki Motor Corporation, the parent company of Maruti Suzuki, India’s largest carmaker, has plans for the inauguration of Rs 3,800 crore […]

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RBI issues final directions on hedging of foreign exchange risk

RBI issues final directions on hedging of foreign exchange risk

These directions will come into effect from June 1, the central bank said. The Reserve Bank of India (RBI) on Tuesday released the final directions on hedging of foreign exchange risk, which aim to ease access to the domestic foreign exchange derivative markets. The directions include merging facilities for residents and non-residents into a single […]

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How IPCA Labs is best suited to reap the hydroxychloroquine opportunity

How IPCA Labs is best suited to reap the hydroxychloroquine opportunity

On April 7, shares of IPCA Laboratories were up 10.06 percent to close at Rs 1524.15. The steep jump in stock price was largely due to the government partly easing the export ban on anti-malarial hydroxychloroquine, which will directly benefit IPCA. The company was one among very few stocks that remained resilient during the novel […]

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