10th September 2K20
Ø PSB performance on EASE Index improves 37% over March 2019-20
Ø I-T Dept issues refunds worth Rs 1.01 lakh cr to 27.55 lakh taxpayers till Sep 8
Ø Food ministry seeks Rs 5,600 crore to pay export subsidy dues of sugar mills
Ø Five to eight percent of overall loans will get restructured under new framework, says Icra
Ø Disbursements in the housing finance sector at 60–70% of YoY levels: Report
Ø PGCIL commissions first leg of Raigarh-Pugalur HVDC transmission project
Ø Sebi steps up oversight of MII boards, seeking to protect shareholders
Ø Fitch affirms Bharat Petroleum at BBB-minus with negative outlook
Ø EPFO to pay 8.5% interest for FY20 in two instalments, cites Covid impact
Ø Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr
Ø Data consumption, gentle price hikes to drive telecom sector growth: Report
Ø Silver Lake picks 1.75% stake in Reliance Retail for Rs 7,500 crore
Ø Reliance Industries doing a Jio with Retail
Ø Direct tax refunds from April till date exceed ₹1-lakh crore
Ø Everady Industries’ Q1 net jumps to ₹24 crore
Ø KKR in advanced talks for $1-billion Reliance Retail stake
Ø Embassy REIT places ₹750-crore NCDs
Ø Sobha Ltd picks stake in CVS Techzone LLP
Ø Indiabulls Housing Finance launches ₹735 crore QIP
Ø Weak demand a challenge, need a bold stimulus package, says industry
Ø India to achieve carbon emissions reducing goal by 35% in 10 yrs: Javadekar
Ø IMF chief Georgieva warns global economic crisis 'far from over'
Ø US-based First Solar mulls setting up manufacturing plant in India
Ø Need for further stimulus to revive demand in economy: Industry survey
Ø TRAI chief advocates robust broadband, open systems, local manufacturing
Ø Dr. Reddy’s releases Remdesivir for COVID-19 treatment under brand name Redyx
Ø Braithwaite eligible for Miniratna Category II tag
Ø India to begin Phase-3 human trials of Russian coronavirus vaccine soon
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✒️ Supreme Court refused to entertain three fresh petitions which sought to postpone the National Eligibility cum Entrance Test (NEET) for admissions to undergraduate medical courses, scheduled to be held on September 13.
✒️ MCA has extended the date for holding of AGM for the companies till 31st December,2020.
✒️ Delhi High Court has stated that Delhi residents are not required to have a Doctor's prescription to get tested for COVID-19 with a RT-PCR Test.
✒️ Punjab and Haryana High Court has held that the "complainant was not satisfied", cannot be the sole ground to discard the cancellation report and order further investigation.
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⚫The Centre launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme to support MSMEs and start-ups for making India innovative, resilient, tech-driven, and research and development (R&D)-oriented. The programme provides a great opportunity for the Govt to become the first buyer of indigenous Made in India technology solutions.
⚫Union minister Nitin Gadkari said the Govt is aiming to create 50 million additional jobs in the MSME sector in five years. The Govt aims to enhance MSMEs contribution to the GDP from about 30% to 50%, and in exports from 49% to 60%.
⚫Banks and non-bank lenders will restructure up to Rs 10 trillion in debt, or 8% of outstanding loans, under the one-time restructuring scheme announced by the RBI, ICRA said.
⚫Recording its worst-ever single-day spike of 95,529 coronavirus cases, India's tally has surged past the 4.4-million mark to 4,462,965.
⚫PM and the saudi king expressed their satisfaction at the state of bilateral relations between India and Saudi Arabia and committed to further strengthen cooperation in all areas.
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