27th February 2K20
Economic Times
Ø Govt closely monitoring coronavirus impact on economy: FM Sitharaman
Ø Sebi allows investors to directly transact in mutual fund units on bourses
Ø India's oldest port plans to monetise its land bank
Ø Investors low on confidence on 5G, globally: Study
Ø Jet creditors to ask court to extend liquidation deadline
Ø Bharti Infratel awaits SC verdict for Indus merger
Business Standard
Ø India to go slow on trade deal with US, both sides to work on wider FTA
Ø GDP growth to stay flat at 4.5% in October-December, say SBI economists
Ø Global recession likely if COVID-19 becomes pandemic: Moody's Analytics
Ø AGR dues: Voda Idea seeks relief; asks DoT for Rs 8,000 crore GST refund
Ø USFDA issues warning letter to Cipla for Goa manufacturing facility
Business Line
Ø Car sales to stabilise in 2020 due to stimulus measures, discounts: Moody’s
Ø India faces WTO heat to exempt food for humanitarian needs from export curbs
Ø CCEA approves National Mission for Technical Textiles with allocation of ₹1,480 crore
Ø Government to stick to April 1 deadline for amalgamation of 10 PSBs
Ø Apollo Tyres raises ₹1,080 cr through Warburg Pincus
Mint
Ø Banks to link floating rate loans to medium enterprises with external benchmarks
Ø Adani Wilmar eyes value-added staples, ready-to-cook food segment
Ø PFRDA plans alternative to compulsory annuity in NPS
Ø LIC’s IPO to benefit insurance industry, says Fitch Ratings
Ø GMR receives ₹5,248 crore from Groupe ADP
Ø India’s retail market to touch $1.1-1.3 trillion by 2025: BCG
Financial Express
Ø Crisil Report: Credit growth expected to pick up in next fiscal
Ø Reliance Jio user base rising rapidly but Vodafone Idea still the telco king in rural India
Ø Microfinance industry growth slows to 24.22% in Q3
Ø GE Renewable bags order to supply turbines for wind farm in Gujarat
Deccan Chronicle
Ø Asian shares slide on fears virus will stunt global economy
Ø Gulf states cut Iran links m rise in Covid-19 cases
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👉🏻RBI issues clarification on CRR Calculation
(RBI issued further clarifications on the recently announced relaxation on cash reserve ratio (CRR) calculations for incremental credit extended for automobiles)
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http://bit.ly/2T1ZOTw
👉🏻SEBI gives direct access to stock exchanges for mutual fund investments
(SEBI has asked stock exchanges to allow investors to buy and sell mutual funds directly on their platforms)
👇🏻 👇🏻 👇🏻
http://bit.ly/2uySIwt
👉🏻Ceiling on the No.of Audits can be done by Chartered Accountant | Statutory Audits | Tax Audits
How many Audits a Chartered Accountant in Practice can do?
- Statutory Audit under Companies Act.
- Tax Audit under Income Tax Act.
👇🏻 👇🏻 👇🏻
http://bit.ly/2TpAdDk
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👉 Chandigarh NCLT approves Hindustan Unilever, GSK Consumer Healthcare merger - FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer Healthcare (GSKCH).
On December 3, 2018, Anglo-Dutch FMCG giant Unilever had announced the acquisition of health food portfolio, including popular brands Horlicks and Boost, from GlaxoSmithKline in India and over 20 other markets for 3.1 billion pounds (about 27,750 crore).
👉 DHFL dues: Fixed deposit holders set to move NCLT - The fixed deposit (FD) holders of Dewan Housing Finance (DHFL) will move the National Company Law Tribunal (NCLT), Mumbai
In a CoC meeting held on February 20, the authorised representative of FD holders raised the demand for payment to FD holders, especially in case of medical emergencies, and proposed that the evaluation matrix should include a statement as to how a bidder caters to fixed deposit holders. However, other than FD holders, CoC was of the view that preference could be given to one class of financial creditors.