21st January 2K21
Ø Corporate funding in solar sector globally soars to USD 8 billion in 2020: Report
Ø Crude oil production falls 3.6%, natural gas shrinks 7.1% in December
Ø NBFCs seek continued liquidity support in upcoming Budget
Ø Cabinet approves Rs 5,281.94 crore investment for 850 MW Ratle hydro power project in Kishtwar
Ø Cairn says engaged with Indian govt on adherence to arbitration award
Ø Telcos seek lower levies, taxes in upcoming Budget
Ø US remains key forex source for India, accounts for 15-17% of goods exports
Ø Indian insurers to withstand pandemic-led downturn: Moody's
Ø CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail
Ø DGTR recommends anti-dumping duty on newsprint for five years
Ø Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide
Ø Federal Bank third quarter profit declines 8% to Rs 404 cr
Ø Alstom bags €106-m contract for signalling systems from NCRTC
Ø Havells India Q3 profit jumps 75 per cent to ₹349 crore
Ø Phillips Carbon profit surges to ₹125 cr in Dec quarter
Ø Hindustan Zinc net up 36% on higher realisation
Ø LT Foods arm Nature Bio Foods BV buys 30 per cent stake in Netherland-based Leev
Ø South Korea’s Naver to acquire storytelling platform Wattpad
Ø HDFC AMC Q3 PAT up 5% to ₹369.26 crore
Ø T-bill rates start inching higher as RBI moves to control liquidity
Ø AI-startup AlphaICs raises $8 million in Series B funding
Ø IRFC IPO subscribed 3.49 times on final day; Indigo Paints 1.9 times on Day 1
Ø S&P 500, Nasdaq scale record highs as Netflix's shares surge, Biden takes office
Ø Bajaj Finserv Q3 consolidated net profit jumps 15% to ₹1,290 cr
Ø Cabinet approves MoU with Uzbekistan for cooperation in solar energy
Ø DBT scheme for fertiliser subsidy may be rolled out in FY22
Ø NCLT agrees to hear plea alleging mismanagement in Omaxe
Ø Telangana retains its top 4 slot for innovation
Ø WhatsApp delays new privacy policy by three months amid severe criticism
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⚫Joe Biden was sworn in as President of the US on Wednesday, offering a message of unity and restoration to a deeply divided country reeling from a battered economy and a raging coronavirus pandemic that has killed more than 400,000 Americans.
⚫Lofty earnings growth estimates, liquidity boom keep stocks afloat. Analysts are forecasting Nifty EPS to grow 60% by FY23.
⚫The I-Tax dept said it has issued over Rs 1.76 lakh crore worth refunds to over 1.65 crore taxpayers so far this fiscal.
⚫The tenth round of talks between the Centre and the representatives of farmers' unions concluded on January 20 with the Govt offering to suspend implementation of farm laws for one to one-and-half years.
⚫786842 healthcare workers have received Covid-19 vaccine jabs till the evening of the fifth day of the immunisation drive.
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👉🏻Govt set to amend LLP Act; seeks comments on panel's report
(The committee has proposed the concept of small LLP as well as provision for LLPs to issue non-convertible debentures)
👇🏻 👇🏻 👇🏻
http://bit.ly/3qAZUzr
👉🏻Empanelment of Concurrent Auditors for IDBI Bank
(IDBI Bank invites online applications from CA Firms in the prescribed format, who are willing to have their firms empanelled as Concurrent Auditors of the Bank)
👇🏻 👇🏻 👇🏻
http://bit.ly/2XYDX1e
Life has many great options. don't pick what seems to be the best. Just pick what makes you happy and it will be the best.
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Income Tax Section 14A disallowance not sustainable if AO fails to records satisfaction about correctness of claim of assessee. Case Name : Ambuja Housing & Urban Infrastructure Co. Ltd Vs DCIT (ITAT Kolkata)
Ministry of Finance has issued a Press Release dated January 18, 2021 regarding One held by CGST Delhi East officials for availing fake input tax credit of Rs 82.23 crore.
GST: Hearing a case related to the Central Goods and Service Tax act the Gujrat high court asked the union government to take steps to stop provisionally attaching bank account of person after the GST departments raids over suspected tax evasion or other irregularities.
Haryana Deputy Chief Minister, launched a prototype of'GST-PV' app for Excise and Taxation Department. Through this App, all the Tax Inspectors of the Excise and Taxation Department will conduct physical verification of the premises of taxpayers with their smartphones.
Sebi extended relaxations for companies with regards to compliance with procedural norms pertaining to rights issues opening till March 31 amid the ongoing coronavirus pandemic. Earlier, this relaxation was given for rights issues opening till July 31, 2020, which was further extended till December 31, 2020.
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