6th November 2K20
Ø India best place for long-term investment: PM Modi to global investors
Ø Employment rate falls to 37.8% in October, a first since the start of recovery in May
Ø PFC seeks rise in borrowing limit, access to low-cost finance
Ø India's cotton exports could jump 40% to seven-year high as prices rally
Ø Eli Lilly receives permission to conduct Phase 3 clinical trials for Covid treatment
Ø Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SC
Ø SAT dismisses RIL appeal against Sebi order seeking payment of Rs 447 cr
Ø Odisha approves 5 mega investment proposals worth Rs 92,713 crore
Ø RBI allows all NBFCs to co-lend with banks under revised guidelines
Ø Sebi doubles foreign investment limit for individual fund houses to $600 mn
Ø Alibaba revenue up 30% as coronavirus drives demand for e-commerce
Ø Saudi Arabia's wealth fund buys 2.04% stake in Reliance Retail Ventures
Ø India, Indonesia discuss coal trade
Ø Solar installation sees 60% drop due to Covid: Mercom
Ø Adani Ports to handle crude imports for HPCL’s upcoming refinery in Rajasthan
Ø Lupin confirms “security incident”, days after Dr Reddy’s cyber attack
Ø Dalmia Bharat Q2 net profit rises over six-fold to Rs 232 cr
Ø BASF puts on hold India JV plan for $4 bn chemical complex
Ø Centre eases compliance norms for BPO industry
Ø Mirae’s Emerging Bluechip Fund caps SIPs at ₹2,500
Ø China's entry ban on Indians is a temporary measure: Report
Ø Adani Transmission Q2 profit falls 7% at ₹214 crore
Ø Berger Paints rounds up strong Q2 performance by paint companies
Ø Housing sales likely to decline 35-40% in FY21: ICRA
Ø Cabinet approves Rs 1,811 crore for 210 MW Luhri hydro plant
Ø SBI’s profit bump shows resilience against downside: S&P
Ø Net profit of Emami rises 19.7 per cent in Q2
Ø Novartis India Q2 net profit at Rs 7.52 cr
Ø Loan moratorium: RBI urges SC to lift interim order banning declaration of NPAs
Ø Telangana's GSDP at Rs 6.63 lakh crore in FY' 20: Report
Ø Even as economic recovery continues, India lost 5.5 lakh jobs in October
Ø Economy to reach pre-pandemic levels by year-end: Finance Ministry
Ø Government issues ordinance to amend arbitration law
Ø Indian realty's institutional fund inflow in 2020 seen at $4.8 bn
Ø Commercial vehicle volumes to contract 25-28% in FY21, outlook remains negative: Icra
Ø Suspecting fraud, taxmen block input tax credit of several companies for a year
Ø Amazon India inks MoU with Silk Mark Organisation of India
Ø Oct services activity at 54.1, grows for first time in 8 months: PMI
Ø India expects $3.4 billion FDI in data center infrastructure: Anuj Puri
Ø Sebi issues guidelines for rights issue by unlisted InvITs to raise funds
Ø Saudi Arabia to remove curbs on foreign workers to attract overseas talent
Ø Reliance Jio officials depose before parliamentary panel on data security
Ø HPCL sees two-fold jump in net profit in Q2, okays Rs 2,500-cr buyback
Ø Gold recycling hits 8-year-high on record prices
Ø APSEZ seeks cessation of coal terminal deal at Vizag Port Trust
Ø Apollo Tyres Q2 net profit more than doubles to ₹200 crore
Ø Future Retail raises ₹350-cr loans
Ø United Spirits Q2 net profit down 21% at Rs 125 crore
Ø Led by GenNext, Sundram Fasteners eyes buyouts in defence, EV segments
Ø US export jump narrows Sept trade gap to $63.9 billion: Govt
Ø ED files first chargesheet against Kochhars in ICICI Bank quid-pro quo case
Ø EuroPacific Growth Fund sells 1.27% stake in Adani Ports for ₹907 crore
Ø IPO bound Gland Pharma eyes China, Africa market entry
Ø Adani Enterprises plans ₹50,000 crore capex over 5 years
Ø SBI net profit grows 52% in September quarter as retail loans shine
Ø Euro zone economy on track for double-dip recession
Ø Commercial coal mining: Jindal Power wins block in Chhattisgarh on 3rd day of auction
Ø CAIT accuses Amazon of violating FEMA norms
Ø Control of US Senate at stake as Donald Trump's allies face Democrats
Ø Hospitality industry sees signs of revival in September
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⚫The Govt issued an ordinance to amend the arbitration law to ensure that all stakeholder parties get an opportunity to seek an unconditional stay on enforcement of arbitral awards where the arbitration agreement or contract is "induced by fraud or corruption".
⚫Data centers are to become the next big segment after warehousing and nearly USD 3.4 billion foreign investments is expected in this space in the coming 3-4 months.India is the largest consumer of data, the Govt had suggested that data centers of the world be built in India, thereby making all the data majors to consider investment in the country.
⚫Sebi allowed unlisted Infrastructure Investment Trusts to raise funds through rights issue of their units. It has come out with conditions for issuance of units, guidelines on pricing as well as manner of issuance of units.
⚫Coal India sees a 3x surge in Oct e-auction volumes at 17 mn tonnes. The company said the spike is due to increased demand from the power sector and several unstructured coal buyers.
⚫India has reported 50465 fresh Covid-19 cases in the past 24 hours. Delhi recorded its highest single day spike of 6842 new coronavirus cases.
⚫The ED has filed a charge sheet, against ICICI bank’s former CEO and MD Chanda Kochhar, husband Deepak Virendra Kochhar, and nine others in connection with a money laundering case involving the private lender and Videocon Group.The ED charge sheet also named Videocon Group and chairman Venugopal Dhoot.
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👉 PRESS RELEASE / ANNOUNCEMENT - NOVEMBER 2020 CA EXAMINATIONS - (04-11-2020)
https://www.icai.org/post/press-release-announcement-november-2020-ca-examinations
👉 BOS (Academic) of ICAI presents Live Webinar Series-3 - Interactive Special Counselling Session on 7th November, 2020 from 3PM to 5PM through webcast. - (04-11-2020)
https://icai.org/new_event.html?event=5338
👉 Guidance Note on Accounting for Share-based Payments (Revised 2020) formulated by Research Committee - (04-11-2020)
https://resource.cdn.icai.org/61670research50201gn-sbp.pdf
👉 Guidance Note on Applicability of AS 25 and Measurement of Income Tax Expense for Interim Financial Reporting (Revised 2020) formulated by Research Committee - (04-11-2020)
https://resource.cdn.icai.org/61671research50201gnas25.pdf
👉 SAARC Central Bank Governors Meet for 40th SAARCFINANCE Governors’ Group
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50616
👉 GST digitisation should not harass taxpayers
https://economictimes.indiatimes.com/small-biz/gst/gst-aim-of-digitisation-is-to-convenience-taxpayers-and-not-harass-them-says-bombay-high-court/articleshow/79054196.cms
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⚫The benchmark Nifty 50 index has crossed the 12000 mark for the first time since February 20. In the interim 8.5 month period, the gauge for the performance of India’s 50 blue chip co's plunged to as low as 7511 on March 23.
⚫Joe Biden stood on the brink of claiming the US presidency from Donald Trump, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states. Biden held 264 Electoral College votes out of the 270 needed to win the White House, Trump has 214.
⚫Aiming to encourage the work from home trend in India and provide relief to the IT sector, ITeS and BPO industry, the Dept of Telecom initiated major reforms and done away with the registration requirements for other service providers altogether.The central govt also removed the requirement of bank guarantee and static IPs.
⚫The Supreme Court has ruled that the period of allotment of a housing unit to a homebuyer has to be considered from the date of the builder buyer agreement & not from the date of registration of the project under the RERA 2016.
⚫The SEBI has increased the overseas investment limit for individual MFs to $600 million. Earlier, this limit was $300 million.
⚫Delhi High Court said the Delhi Govt has gone completely "haywire" on the pandemic and Delhi can soon become Corona capital of the country. Court's remarks came while hearing petitions relating to non-payment of salaries to doctors, sanitation workers and teachers working with municipal bodies.
⚫China has barred non Chinese travellers from Britain, France, Belgium, the Philippines and India, imposing some of the most stringent entry curbs of any country as coronavirus cases surge around the world.
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👉🏻Canada issues 4500 invitations under Express Entry for PR
(This is the third instance where Canada issued 4,500 invitations at a time, the largest number of invitations issued in one draw)
👇🏻 👇🏻 👇🏻
https://bit.ly/3p24Nld
👉🏻Can a Practicing Chartered Accountant become Director in A Company?
(Independent Director, Promoter Director, Whole Time Director, Managing Director, Director Simplicitor?)
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https://bit.ly/32gg5bM
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