©orporate Updates on July 25, 2019
Ø DoT panel clears Rs 3,050 crore penalties on telcos
Ø IL&FS says on course to clear Rs 20,000 crore debt
Ø ICRA downgrades YES Bank’s bond programme
Ø Auto component industry fears loss of 10 lakh jobs
Ø Directive on payment security positive for IPPs: ICRA
Ø 1.74 lakh homes in 220 projects stalled: Report
Ø InvIT AUM may grow 5-fold in 2 years: CRISIL
Ø India jumps five places to 52nd rank in Global Innovation Index 2019
Ø India's $10 billion bond sale pitch meets a world desperate for yield
Ø Govt. approves creation of 4 mn tonnes of sugar buffer stock during FY20
Ø MMTC begins process to exit unprofitable entities, starting with NINL, ICEX
Ø Bombay High Court allows IATA to encash Cox & Kings bank guarantees
Ø NTPC, BHEL ink pact to set up JV for eco-friendly power plant
Ø NCLT orders insolvency process against L&T Halol
Ø Cabinet retains sugarcane FRP at₹275 a quintal
Ø NMDC terms ECT’s steel-making technology unproven, irrelevant
Ø Jubilant FoodWorks Q1 net profit dips marginally to Rs 71.48 cr
Ø V Guard Industries Q1 PAT increases 54%
Ø Govt. may launch $10-billion global bond sale in October
Ø Investors see wealth erosion of ₹5.86 tn as markets fall for 5th straight day
Ø Asian Paints bucks the trend with high volume, profit growth in Q1
Ø India's monsoon rains 35% below average this week: IMD
Ø Deutsche Bank on the brink of a Lehman moment as it suffers $3.5-bn loss in Q2
Ø RIL, OMCs prepare to push doorstep delivery of fuel
Ø Fitch downgrades long term IDR of Tata Motors
Ø CPSU solar tender gets dismal response
Ø Committee constituted to examine issues related to FDI in e-commerce
Ø Walmart, Flipkart to boost MSMEs, farmers' income in UP
Ø SENSEX drops 135 points; Nifty slips below 11,300
Ø Airtel, Voda Idea fume over Rs 3,050-crore penalty
Ø US imposes record USD 5 bn fine, restrictions on Facebook in privacy
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Direct tax target for FY20 eminently achievable, says Nirmala Sitharaman:
READ MORE- https://www.gststation.in/direct-tax-target-for-fy20-eminently-achievable-says-nirmala-sitharaman/
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BJYM to FM Sitharaman: Review 18% GST on coaching centres:
READ MORE- https://www.gststation.in/bjym-to-fm-sitharaman-review-18-gst-on-coaching-centres/
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Central GST arrests three businessmen in fake invoice case:
READ MORE- https://www.gststation.in/central-gst-arrests-three-businessmen-in-fake-invoice-case/
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Revised direct tax target of Rs 13.35 tn realistic and achievable: Revenue Secy:
READ MORE- https://www.gststation.in/revised-direct-tax-target-of-rs-13-35-tn-realistic-and-achievable-revenue-secy/
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Assocham seeks inclusion of petroleum products in GST:
READ MORE- https://www.gststation.in/assocham-seeks-inclusion-of-petroleum-products-in-gst/
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GST Council meeting to decide on slashing tax rate for electric-vehicles postponed:
READ MORE- https://www.gststation.in/gst-council-meeting-to-decide-on-slashing-tax-rate-for-electric-vehicles-postponed/