3rd June 2K21
Ø India's trade deficit jumps 74.69% YoY to $6.32 billion in May: Govt data
Ø Industry bodies urge RBI to put off new audit rules
Ø Banks, asset managers want RBI to allow sale of fraud loans to ARC
Ø Mallya loan default case: Banks' claim of Rs 6,200 cr loss not imaginary, says court
Ø India’s diamond exports are expected to surpass $20 billion: Crisil Report
Ø ITC's FMCG brands cross Rs 22,000 crore annual consumer spend in FY21
Ø Sebi gives foreign investors more time to furnish contact, income details
Ø Jio accelerating digital platforms, indigenously-developed 5G stack: RIL
Ø Wipro sells stake in Denim Group for $22.42 mn, acquires stake in Squadcast
Ø Sun Pharma, Ferring Pharma ink pact to introduce obstetric drug in India
Ø Motherson Sumi Systems posts nearly eight-fold jump in Q4 profit
Ø Tata Power Solar gets letter of award from NTPC for Rs 686-cr project
Ø Goods exports in May surge 67% to $32.21 billion
Ø Adani Green arm commissions 150-MW wind project at Kutch
Ø Ministry notifies amendment in GST law for levying interest on net cash liability
Ø Rossari Biotech inks pact to acquire Unitop Chem for ₹421 cr in cash
Ø Zoom revenue up 191% YoY to $956.2 million in Q1
Ø Venus Remedies annual sales rise 61% at ₹548 cr
Ø Pfizer engaged in talks with India for Covid-19 vaccine supply
Ø Sebi gives more time for implementation of SMS alerts for IPO through UPI
Ø Kotak launches pre-IPO fund, plans to raise Rs2,000 crore
Ø Tata Consumer enters direct-to-consumer premium coffee, tea market
Ø Franklin Templeton MF says returned ₹14,572 cr to investors of 6 shut schemes
Ø Rupee falls, ends at 73.09 per dollar
Ø Revised ECLGS will help hotels, aviation sector, tour operators: Crisil
Ø Nestle working on company-wide project to update its nutrition, health strategy
Ø Sensex, Nifty End Flat Amid Volatility, Metals and PSBs Outperform
Ø India Exports 11,49,341 MT Of Seafood During 2020-21
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👉🏻RBI slams foreign banks on data rule
(RBI has pulled up several multinational banks operating in the country for not providing a board-approved system audit report certifying compliance with its data-localisation norms)
👇🏻 👇🏻 👇🏻
https://bit.ly/3vLweCN
👉🏻GST Amnesty Scheme 2021 and its Decoding
(What is Amnesty Scheme under GST? discussed by CA. Satuti Mahajan)
👇🏻 👇🏻 👇🏻
https://youtu.be/Hbvgy6fBal8
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⚫The union cabinet approved the Model Tenancy Act with an aim to balance the interest of homeowners and tenants. Under the new act, renting out any property in urban or rural areas without a written agreement is illegal. This will help formalise the shadow market of rental housing, unlock vacant properties, increase rental yields, and reduce procedural barriers in registration.
⚫In retaliation to India’s 2% digital tax on foreign technology majors, the USA decided to impose additional tariffs on a slew of Indian imports which will remain suspended for six months, as Washington hopes for a multilateral solution on the issue of digital taxation during the ongoing talks.
⚫ED steps up drive to check Covid linked corruption. It has directed officials to consider cases of crime related to Covid-19 as predicate offence.
⚫The SEBI has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories.
⚫The RBI monetary policy committee will likely keep the key lending rate or the repo rate unchanged at 4% for a sixth straight meeting when it announces its decision after a three-day meeting on Friday.
⚫Eight new flying training academies will be set up in five airports with an aim to make India a global pilot training hub.
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