Corporate Snippets on Oct 27∆
Ø India begins anti-dumping probe into low density polyethylene imports from US, UAE, others
Ø RBI's regulation to improve risk management, governance of HFCs: Experts
Ø 75% of borrowers to benefit from interest concession: CRISIL
Ø India will drive global energy demand: PM Narendra Modi
Ø Amazon set for face-off with Mukesh Ambani's RIL for India retail dominance
Ø Aurobindo Pharma inks pact with New Mountain Capital to sell US-based unit for USD 550 million
Ø India's crude steel output dips 3% to 8.5 MT in Sept: World Steel Assoc
Ø RBI encourages investment in sovereign bonds as part of liquidity measures
Ø SEBI plan to introduce capital adequacy norms rattles stockbrokers
Ø PNB scam: London court rejects Nirav Modi's bail application for 7th time
Ø Divestment of US subsidiary to leave Aurobindo Pharma cash positive
Ø DIPAM to monetise assets worth over ₹100 Cr
Ø Production from JV with Reliance to represent 15% of India’s gas demand: BP
Ø Modi to meet global funds on November 5, invite investments into India
Ø CDSL Q2 profit after tax surges 68% to ₹48.87 Cr
Ø Ant Group IPO pricing ‘history's largest’: Alibaba's Jack Ma
Ø Lenders ask DHFL's bidders to sweeten their bids by 31 Oct
Ø Torrent Pharma Q2 net profit up 27% at ₹310 crore
Ø Paytm Money launches ETFs, aims for investment by 1 lakh users in 12-18 months
Ø Oil drops on rising virus cases, increasing Libyan output
Ø Top global IT company's market cap erodes by $33 bn due to trimmed outlook
Ø BP eyes India's fuel market, wants gas in GST
Ø Economic, oil demand recovery around the corner with development of COVID-19 vaccine: OPEC
Ø Capex: PMO asks 13 oil PSUs to double FY21 spend to ₹2 lakh Cr
Ø GHCL Q2 net profit down 27.7% to ₹85 Cr
Ø PM Modi to inaugurate National Conference on Vigilance and Anti Corruption
Ø Bharat Biotech's COVAXIN receives nod for third phase of human trial
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⚫PM brainstormed with global energy sector leaders on the post pandemic world order and discussed strategies for accelerating investments in the oil and gas value chain. The meeting deliberated on demand scenario as well as ways to revive investment, particularly in oil and gas exploration and production.
⚫NITI Aayog CEO stressed on the need for a clear ten-year road map to boost clean energy technologies & creating standards for innovations.India should focus on strengthening standards & certification infrastructure.Kant also showcased India's ambitious target of having 450GW of renewable energy by 2030 at the international forum.
⚫Goods and Services Tax Network, has launched the facility of filing of Nil statements by composition taxpayers through SMS.This means that composition taxpayers needn't log on to the GST portal for filing nil returns.However, the facility of filing nil statements on GST portal will remain available to taxpayers.
⚫To boost ethanol production in the country, the Govt is considering extending subsidised loans to grain-based distilleries also under the ongoing scheme.
⚫The Supreme Court said the system of video-conferencing in providing access to justice to citizens during the ongoing pandemic situation has been "extremely successful" and granted liberty to the high courts to frame rules for such virtual hearings for themselves and the subordinate courts.
⚫India reported its lowest single-day spikes in total coronavirus infection tally in over three months. The daily jump of 36,838 in total count was the lowest
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