9th October 2K20
Ø The worst is behind us; India's GDP growth will turn positive in Q4, says Deepak Parekh
Ø UK tells India Vijay Mallya can't be extradited till resolution of secret legal matter
Ø Power consumption shows double digit growth during October first week as demand rises
Ø NTPC incorporates subsidiary for renewable energy business
Ø Panasonic to produce for two other brands in its India factory
Ø Future group, Amazon to initiate arbitration proceedings over RIL deal
Ø CCI dismisses unfair business practices complaint against Hindalco, Vedanta
Ø Infosys inks pact to acquire Blue Acorn iCi for around Rs 915 crore
Ø Clix Group submits offer for up to 90% stake in Lakshmi Vilas Bank
Ø Double-digit rise in exports helps India nearly halve trade gap with China
Ø Moody’s revises outlook on steel to stable
Ø Australian investment funds see opportunities in India
Ø Auto retail sales grow 11.45% month-on-month in Sept
Ø DP World, Jebel Ali Free Zone woo India’s plastic sector
Ø Oil India begins seismic survey in Andaman Offshore
Ø India may lift barrier to let Great Wall Motors drive in
Ø SAIL reports over 31 per cent growth in Q2 sales
Ø India’s market cap hits record ₹161 tn
Ø Tatas weigh plan to buy SP stake in parts
Ø Oil set for best week since May as hurricane shuts Gulf output
Ø Morgan Stanley fined $60 million in failed data-center oversight
Ø 73.76 cr Vedanta shares tendered, another 60 cr needed on Fri to delist the firm
Ø Sebi clamps down on inter-scheme transfers in debt mutual funds
Ø SBI urges SC to dismiss plea against wind up UBHL
Ø Reports regarding findings of forensic audit misleading: Franklin Templeton
Ø Economy showing signs of improvement: Assocham
Ø Combined fiscal deficit of Centre, states may go up to 14% in FY21: Rangarajan
Ø Lockdown impact: GDP likely to contract by 9.6 per cent this year, says World Bank
Ø India's factory activity gains momentum despite job losses
Ø India, Japan finalise pact for cooperation in 5G tech, AI
Ø H-1B visa: Trump admin imposes new curbs to protect US workers
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Multipurpose Empanelment Form for the year 2020-21 is live at https://t.co/vBD3DMvr1k with the last date as on 12th October, 2020 the same is extended to 23rd October, 2020. Also, there is no requirement for submitting the Financial Statements for 44ADA assesses.
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✒️ Supreme Court has set aside the life imprisonment sentence imposed on a person accused in a 1981 murder case noticing that he was *less than 18 years of age* on the date of commission of offence.
✒️ SEBI has issued Guidelines on Inter Scheme Transfers of Securities in Mutual funds.
✒️ Supreme Court has reiterated that mere inclusion of candidate in a selection list does not confer upon them a vested right to appointment
✒️ Himachal Pradesh High Court has observed that access to roads, vis-à-vis, the residents of hilly areas is an *inbuilt component of the constitutionally guaranteed right to life*, and any denial thereof, to the residents of hilly areas, would tantamount to the constitutionally guaranteed fundamental right to life, hence, becoming breached and infringed.
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⚫The Sensex regained the 40,000 mark after more than seven months while the Nifty got closer to the 12,000 level on optimism around a US stimulus package and a rebound in the Indian economy amid further easing of Covid-19 restrictions.
⚫The Govt will soon launch a common data infrastructure of all farmers along with land record details for better reach of various farm schemes.This will act as a one-stop-shop for data, including access to finance by farmers, startups, and researchers for developing new apps, so that the benefits reach the grassroots.
⚫India’s robust double digit exports growth to China, coupled with sharp contraction in imports to $12.6 billion between April and August of FY21, from $22.6 billion in the year-ago period halved the trade gap between the two trading partners.
⚫The SEBI tightened norms on inter-scheme transfers for mutual funds, imposing conditions on when the facility can be used and placing greater accountability on fund managers deciding on such transfers.
⚫SEBI said listed co's should make efforts to maintain updated addresses and contact details of “designated employees” for one year after their resignation, under the digital database. Such data needs to be preserved by the company or intermediary fiduciary for a period of five years, as part of insider trading regulations.
⚫The IMD will release dynamic impact-based cyclone warnings for districts this season to help minimise economic losses and damage to property due to the intense weather system.
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