∆ Corporate Snippets on Nov 3 ∆
Ø Hospitality industry pleads for soft loan from Govt.: FHRAI
Ø Agricultural, Marine export bodies may move out of Commerce Ministry
Ø Reliance Capital invites bids for sale of stake in subsidiaries to clear debt
Ø National Investment and Infrastructure Fund acquires 2 Essel projects
Ø Maharashtra government inks ₹35,000 Cr MoUs with 15 companies
Ø Reliance EBITDA improves on rebound; balance sheet strengthened: Moody's
Ø NCAER's business confidence index rises 41.1% in September quarter
Ø NTPC board okays buyback of 197.8 million equity shares worth ₹2,275 Cr
Ø Vedanta, Hindalco post wins in commercial coal auction; new players debut
Ø Data industry to see $5 billion investment by 2025 on higher digitisation
Ø RBI temporarily postpones circular on current account till December 5
Ø L&T bags construction order of bullet train project
Ø Kalrock-Jalan consortium deposits ₹150 cr as first step to take ownership of Jet Airways
Ø Manufacturing PMI at a 13-year high of 58.9 in October
Ø Embassy REIT Q2 profit flat at ₹232.56 crore
Ø Escorts Q2 net more than doubles to ₹227 crore
Ø Zydus Cadila standalone net up 17% in Q2
Ø PNB reports 18% decline in Q2 net profit on higher provisions
Ø Tata Motors sales rise 27% to 49,669 units in Oct
Ø CCI approves acquisition of Bharti AXA by ICICI Lombard
Ø Escorts Ltd reports stellar growth as tractor sales continue to stay strong
Ø Indian Oil says no plan for share buyback as of now
Ø Microsoft's FY20 profit jumps 62% in India to ₹625 cr even as expenses increase nearly 19%
Ø BPCL eyes doubling bunkering oil sales volume to 14 tmt with terminal upgrade
Ø Telecom sector revenue growth at 5% in Q2 on easing of lockdown curbs: Report
Ø Manufacturing PMI expands to 13-year high in October, signals economic recovery
Ø Centre to delink land held by 17 sick PSUs
Ø India's economy worst-hit among emerging markets
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⚫The NDA Govt announced extending the time window for businesses to seek sovereign guaranteed loans under the Emergency Credit Line Guarantee Scheme by one month till November 30. Under the scheme, 100% guarantee coverage is being provided by the National Credit Guarantee Trustee Co for additional funding to the tune of Rs 3 trillion to borrowers.
⚫Tax payers generated 4.95 crore e-invoices in the first month of the launch of the service, the ministry of electronics and IT said. Besides e-invoices, 6.41 crore eway bills were generated in Oct which was highest in any month since the launch of the service.
⚫The RBI has deferred banks current account maintenance norm till Dec 15, pending a frequently asked question that the central bank would publish on its website.
⚫India has reported a decline in the number of fresh Covid-19 cases to 37592 in the past 24 hours
⚫The Govt attributed the recent surge in active Covid-19 cases in Delhi to the festive season, greater movement of people and laxity in adhering to safe Covid behaviour.
⚫The Supreme Court on Monday asked the Centre to file status report in six weeks on the proceedings pending in the UK for extradition of fugitive businessman Vijay Mallya to India.
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👉🏻Govt extends Emergency Credit Line Guarantee Scheme ( ECLGS) by one month
(Govt has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till Nov. 30th, 2020, or till such time that an amount of Rs. 3 lakh Cr is sanctioned under the Scheme, whichever is earlier)
👇🏻 👇🏻 👇🏻
https://bit.ly/2TPT3DY
👉🏻Tax Audit Limits for AY 2020-21 - Rs.1 Cr / 5 Cr
(Tax Audit Limits for Assessment Year 2020-21 - Rs. 1 Crore / 5 Crore | Section 44AB | Section 44AD | Section 44ADA of Income Tax Act, 1961)
👇🏻 👇🏻 👇🏻
https://bit.ly/34P49zy
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