25th January 2K21
Ø Reliance spins off oil-to-chemical biz unit
Ø BPCL expects to expand customer base 10-fold under new customer loyalty programme
Ø Gulf economies are scripting tighter expat rules amid oil gloom
Ø Irdai panel for separate payments of vehicle, insurance premium
Ø Luminous aims Rs 6,000-crore turnover by FY25, to invest Rs 500 crore over next 3 years for expansion
Ø Online grocery to grow 8 times in 5 years in India, JioMart big gainer
Ø Yes Bank at 'peak' of asset quality stress; has 'many positives': CEO
Ø FPIs remain net buyers with 18,456 crore investment in Jan so far
Ø NIIF equity investments average less than Rs 1,000 cr in past 5 years
Ø Faster withdrawal of global stimulus can impact markets: Vetri Subramaniam
Ø UltraTech net more than doubles on better realisation, lower cost
Ø Mindtree looking to buy companies with revenues of $50-100 million
Ø Select class of unlisted firms need to file results with RoC
Ø Stove Kraft raises ₹186 crore from 32 anchor investors
Ø Birla Corp Q3 profit surges 82% to ₹148 crore
Ø Fake GST invoice cases on rise, over 2,500 cases booked since mid-November
Ø Volkswagen looks to claim damages from suppliers over chip shortage: Report
Ø Oman bars expats from certain jobs amid economic downturn
Ø Tata Power Solar wins ₹1,200 cr order to set up 320 MW project
Ø India’s consumer internet market saw ‘swoosh-shaped’ recovery in 2020; to hit $250B GMV in 2025
Ø Hinduja Global Solutions acquires 100% stake in HGS Digital
Ø Kerala passes resolution against CAG’s audit report
Ø SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur
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⚫The tribal affairs ministry launched a portal to collect data related to tribal migrant workers and link them with the existing welfare schemes.
⚫Power demand touched an all-time high of 187.3 GW on Friday, highlighting the growing strength of the economy.
⚫The CSR rules that came into effect from Friday have given time till April 1, 2021 to implementing agencies such as trusts and societies to register with the ministry of corporate affairs while also setting a three year time limit for any CSR project, among a series of other amendments introduced by the Govt.
⚫The RBI proposed to introduce a scale based regulatory framework for NBFC's to segregate larger entities & expose them to a stricter set of “bank-like” rules. This is aimed at protecting financial stability while ensuring that smaller NBFCs continue to enjoy light-touch regulations and grow with ease.
⚫The 11th round of talks between the protesting farmers & the Centre ended in a deadlock again, with the former sticking to their stand of complete repeal of the laws. Even the Govt hardened its stand, saying that the latest proposal of keeping the laws in abeyance for 12-18 months is the best it can do.
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👉 Filling up of Executive Director, Chief General Manager, General Manager, Dy. General Manager, Assistant General Manager, Manager & Assistant Manager level posts in NFRA at New Delhi on Deputation/Short term Contract basis.Pdf(67 KB)
http://www.mca.gov.in/Ministry/pdf/NoticeNFRA_22012021.pdf
👉 Companies (CSR Policy) Amendment Rules, 2021Pdf(1.43 MB)
http://www.mca.gov.in/Ministry/pdf/CSRAmendmentRules_22012021.pdf
👉 List of Award Winners - 14th ICAI Awards held on 20th January, 2021 - (22-01-2021)
https://resource.cdn.icai.org/62813cmib50825.pdf
👉 Register for 3rd online weekend Exclusive Batch for ICAI Members and Students of the French Language Course of 120 hours of A1 Level (includes A1.1 and A1.2) is starting from 20th February, 2021.- (22-01-2021)
https://www.icai.org/post/3rd-online-weekend-exclusive-batch-french-language-course
👉 Launching of Quarterly Industrial Outlook Survey (IOS): January-March 2021 (Round 93)
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51009
👉 Launching of 28th Round of Quarterly Services and Infrastructure Outlook Survey (SIOS)–Q4:2020-21
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51010
👉 RBI releases Discussion Paper on Revised Regulatory Framework for NBFCs- A Scale-Based Approach
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51011
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⚫WHO chief thanked PM Modi for his support to the global COVID-19 response, saying acting together, including sharing of knowledge, will help in combating the novel coronavirus. India this week announced that it will send COVID-19 vaccines under grant assistance to Sri Lanka and seven other countries Bhutan, Maldives, Bangladesh, Nepal, Myanmar, Seychelles, Afghanistan and Mauritius.
⚫With 294 deals, venture capital investment in India reached $3.1 billion in the fourth quarter of 2020, compared to $3.6 billion in the previous quarter, said a KPMG report.
⚫Petrol and diesel prices in the country on Saturday touched new all time highs after rates were increased for the fourth time this week.
⚫Over two lakh tractors will be part of the Jan 26 'kisan parade' in the capital and around 2,500 volunteers will be deployed to facilitate the movement of the vehicles. The tractor parades will be taken out only after 12 pm, after the Republic Day parade concludes, according to the protesting farmer unions.
⚫Foreign portfolio investors remained net buyers to the tune of Rs 18,456 crore in January as global liquidity led to continued investment in emerging markets.
⚫India witnessed 19 IPO's worth USD 1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021.
⚫The Govt may in the Budget next week announce formulation of a dedicated policy for the toys sector to boost domestic manufacturing. They said the policy will help in creating a strong ecosystem for the industry in the country and also attract startups.
⚫The Chairman of Hindustan Aeronautics Ltd said that a number of countries have shown keen interest in procurement of the Tejas aircraft and that the first export order is likely to come by in the next couple of years.
⚫The Supreme Court is scheduled to hear a plea seeking grant of one more chance to appear in the UPSC's civil services examination to those aspirants who could not appear in their previous attempt last year due to the COVID-19 situation.
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