Lockdown halts insolvency process – Times of India
newslivenation MUMBAI: Lenders who’ve placed on sale property price 1000’s of crores below the insolvency process are discovering it troublesome to finish offers as a result of of the lockdown. Bidders…
Economy
SoftBank buys more stake in PolicyBazaar in $130 million deal – Times of India
BENGALURU: SoftBank Vision Fund has picked up a further stake for $130 million in EtechAces Marketing and Consulting, which owns on-line monetary providers portals PolicyBazaar and PaisaBazaar, based on three…
Draft e-tail rules target imports, eye growth for all – Times of India
BENGALURU: E-tailers ought to guarantee they’ve an built-in system that connects customs, the RBI and India Post to trace imports of product shipments coming from different international locations, in accordance…
Write-downs to surge for companies as Covid hits demand – Times of India
MUMBAI: An rising quantity of Indian companies are looking at write-downs of their enterprise this fiscal as they are going to be pressured to file the demand-collapse for their merchandise…
Buyers to pay interest for late payment on GeM portal – Times of India
NEW DELHI: The authorities division and companies, procuring items and providers from authorities e-market (GeM) platform, may have to pay one per cent interest on late funds made to distributors,…
No job cuts but profiles may change: Railways – Times of India
(Representative picture) NEW DELHI: The Railways on Friday mentioned sure job profiles of its workers would possibly change within the coming days but asserted that there shall be no job…
Gold bond issue price fixed at ₹4,852 per gram
MUMBAI : The issue price for the Sovereign Gold Bond has been fixed at ₹4,852 per gram of gold, the Reserve Bank of India mentioned in a press release on…
Motherson Sumi shareholders start voting on restructuring with their feet
News of a enterprise restructuring at Motherson Sumi Systems Ltd drove down the shares of the auto elements provider by about 5.7% on Friday. The complicated restructuring has two elements.…
India rupee’s rally leaves traders gauging RBI’s forex strategy
India’s rupee hit a three-month excessive after breaking out of a good buying and selling band, boosted by robust inflows and expectations that the central financial institution could also be…
Maximum late fee for delayed filing of GSTR-3B return capped at Rs 500 – Times of India
(Representative picture) NEW DELHI: The most fee for delayed filing of month-to-month and quarterly gross sales return and tax cost kind GSTR-3B until July 2020 has been capped at Rs…
PMI: Poor export demand continues to weigh on services sector
MUMBAI: The IHS Markit India buying managers’ index (PMI) for the services sector confirmed that the Services Business Activity Index improved from 12.6 in May to 33.7 in June. However,…
Affle (India) ends higher on acquiring stake in Singapore firm
MUMBAI: Shares of Affle (India) Limited ended locked in the 5% higher circuit at ₹1523.90 apiece on the BSE, after the corporate mentioned it has signed a definitive settlement to…
Oil falls below $43 on virus fears, still heads for weekly gain
Oil fell below $43 a barrel on Friday as a resurgence of coronavirus circumstances raised concern that gasoline demand development might stall, though crude was still headed for a weekly…
HDFC, its arms may play white knight soon amid covid-19
HDFC Ltd and its offspring might be sniffing out potential acquisitions soon, if chairman Deepak Parekh is to be believed. Parekh, within the annual report of HDFC Ltd, wrote that…
DGCA suspends int’l passengers flights till July 31, may allow few on case to case basis – Times of India
(Representative picture) NEW DELHI: Schedule worldwide passenger flights will now stay suspended till the month-finish, apart from these allowed by the federal government on a case to case basis. These…