Category: CompaniesFeeds

Delhi still in the weeds of Covid-19 with 777 deaths in seven days Although the number of daily deaths due to Covid-19 dipped below the 100 … Read More

India vs Australia 1st ODI LIVE SCORE: Mayank, Dhawan provide flying start

Aaron Finch and Virat at the India vs Australia 1st ODI toss. Photo: @BCCI In the first of the three-match One Day International (ODI) series, skipper Aaron Finch and … Read More

Concern being replaced by optimism as economy shows signs of recovery

Concern about the depth of India’s recession is slowly being replaced by optimism that a recovery is taking hold. A slew of indicators from car sales … Read More

TII to raise money from Azim Premji, SBI MF to acquire CG Power, fund capex

The Rs 38,000 crore Murugappa Group’s Tube Investments of India (TII) has said the proposed fund raising of Rs 350 crore from Azim Premji Trust and SBI Mutual … Read More

Internal Control – Key Driver for Board Decisions

Internal control plays a critical role in organisation Risk Management. The Internal auditor and the role is the key success factor for the business and safeguard investors interest towards the … Read More

Scheme of amalgamation being fair, reasonable and not detrimental against members or creditors was to be approved

COMPANY LAW/IBC : Scheme of amalgamation of companies was sanctioned as it was fair, reasonable and not detrimental against members or creditors and was in conformity with accounting standard and … Read More

Tax Dept. conducts searches in case of a leading cattle feed producer alleged to have taken loans from shell Cos

The Income Tax Department started a search and survey action in the case of a leading cattle feed producer in Northern India. The main allegations against the group are that … Read More

The four engines that propelled the rise of Cars24, India’s latest unicorn

Co-founders of India’s latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales TopicsCars24 | unicorn companies | Startups Dhruv Munjal | New Delhi Last Updated at November … Read More

SC East Bengal, ATK Mohun Bagan face off in ISL’s biggest derby

Amid a pall of gloom following Diego Maradona’s death, biggies ATK Mohun Bagan and SC East Bengal will resume their age-old rivalry on the grander stage of Indian … Read More

Crypto boom shaken as Bitcoin, other coins nosedive after record rally

Bitcoin plunged on Thursday in a sell-off that saw other digital assets fall more than 20%, a slide likely to stoke speculation about the durability of the latest … Read More

Over 19 quarters taken to clear unsold real estate inventory, says Ind-Ra

The Covid-19 pandemic-triggered lockdown had increased the number of quarters taken to clear unsold real estate inventory to over 15 at the end of 2019-20 (FY20). This number has … Read More

Amazon, Flipkart, and others clock $8.3 billion in festive gross sales

E-commerce giants Amazon, Flipkart, and others witnessed blockbuster festive season sales this year. The pandemic accelerated the shift to e-commerce, with an increasing number of consumers shopping online … Read More

Audit committee to act in accordance with the terms of reference specified in writing by the board

The Audit Committee is one of the major operating committees of a company’s board of directors that is in charge of seeing the financial reporting and disclosures. Source link

Interest on deposits made out of borrowed fund before commencement of business constitutes income from other sources

INCOME TAX : Interest earned by assessee-company on short-term deposits made by it with bank out of loans borrowed for setting-up of commercial complex in pre-operative period before commencement of … Read More

SEBI launches Securities Market Trainers (SMARTs) Program for enhancing Investor Education activities

In the present scenario of uncertainty in economic growth and extra ordinarily buoyant market, there is a dire need to further ramp up the investor education and awareness efforts. In … Read More

Qualcomm’s contrarian call: Bets on faster adoption of 5G phones in India

In popular perception, the impending upgrade to 5G telecom services is for premium subscribers. Qualcomm Inc hopes to change that notion in India. Working on the “5G for all” … Read More

India cuts import tax on crude palm oil to 27.5% as food prices rise

The government on Thursday the import tax on crude palm oil to 27.5 per cent from 37.5 per cent, aiming to bring down rising food prices with the … Read More

DATA STORY: India sees biggest single-day jump in active cases since Sep 18

Contrary to the fairly consistent trend of daily net reduction, India’s count of active coronavirus cases has seen a significant jump on consecutive days. With an addition of 7,598, … Read More

Share of rural mkt grows in passenger car sales with more first time buyers

Leading car makers saw demand rise by nearly 10-15 per cent during the festive season. While rural sales continued to grow faster and their share in overall sales … Read More

Power sector employees stage protest against privatisation of discoms

Power sector employees on Thursday held nationwide protests against the government’s decision to privatize discoms, the All India Power Engineers Federation (AIPEF) said. They also demanded … Read More

Private Placement norms for issuance to QIBs made easier – “Umbrella” special resolution to be sufficient for a year

Private Placement of securities is one of the most frequently used means for raising funds by companies. Section 42 of the Companies Act, 2013 (“Act, 2013”) read with Companies (Prospectus … Read More

Right of secured creditors to realise secured credit interest to prevail over decree passed by Civil Court

FEMA/BANKING & INSURANCE : In view of overriding non obstante provisions under section 26E, realization of secured interest for satisfying debts of secured creditors is to prevail over all other … Read More

SEBI withdraws requirement to increase margin for Non-F&O Stocks in Cash Market

The SEBI had introduced certain regulatory measures in view of the then ongoing market volatility and keeping in view the objective of ensuring orderly trading and settlement, effective risk management, … Read More

Best of BS Opinion: Rising forex reserves, economy’s new normal, and more

The government’s vaunted production-inked incentive scheme in selected sectors is aimed at turning India into a manufacturing powerhouse. But as Shankar Acharya points out here, this scheme is fraught … Read More

Rishi Sunak allocates funds for UK’s Counter Terrorism Operations Centre