BUSINESS
Yes Bank targets startup sector, ties-up with GVFL
Accordingly, the two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem. "The MoU will enable the bank to offer various products, digital banking solutions, and many other facilities that will benefit the startups associated with GVFL Limited," said Yes Bank in a statement.
Surge in commodity prices to impact India's economy: Ind-Ra
"Though a spike in global agricultural commodity prices could benefit India, it may not move the needle favourably because India, despite the world's biggest exporter of Basmati rice, exported just $6.59 billion worth of cereals and imported vegetable oil and pulses worth $9.66 billion and $1.44 billion, respectively, in FY20."
Govt allows further operational flexibility to GST filers
As per an advisory issued by the Goods and Services Tax Network (GSTN), the taxpayer must ensure that any saved but not Filed/Submitted IFF (Invoice Furnishing Facility) records for the first two months of the quarter i.e. month of Jan-2021 or Feb-2021 must be deleted using RESET button before filing GSTR-1 for Jan-Mar-2021 quarter.
Engineering exports jump 70% in March
India's total merchandise exports during this period were $34 billion as compared to $21.49 billion in March 2020 registering a jump of 58.23 per cent. The monthly growth is the best-ever performance so far. The sudden jump in outbound shipments offers hope of sustained growth in the sector in the coming months on the back of vaccine roll-out and containment of virus spread.
Healthy recovery: Large hospital players gaining market share, says HDFC Securities
Accordingly, the report cited secular growth, asset-light models, India's huge demand-supply gap, rising health insurance penetration, high out-of-pocket spending, increase in medical tourism as compelling growth prospects for the industry.
Despite economic slowdown triggered by Covid-19 lockdown, foreign investors make $15 billion through Indian investment
Compared to the statistics of Q3’2020 when the investment income of foreign investors was $12.2 billion, a 30 per cent rise was witnessed, according to the latest balance of payments data released by the Reserve Bank of India. This 30 per cent higher return from the investments of foreign investors in India is significant as it went through a turbulent time after the Covid-19 slump in the economy due to the nation-wide lockdown.
Shapoorji Pallonji Group promoters set to raise Rs 5,000 crore to meet liquidity concerns: Report
The official announcement is expected to be made within the next 7-10 days as the term sheet for the deal has already been signed, The Economic Times reported. After the approval of lenders and the Kamath Committee on Tuesday, the financing round is said to be independent of the One-Time Restructuring (OTR) proposal of the real estate, construction and engineering conglomerate.
Content is King: YouTuber Rachana Ranade raking in the moolah by simplifying stock market jargons
There is no doubt that such a feat can only be achieved only through a blend of resilience and smartness. Ranade chose to spread knowledge about the subject she knew better, the stock market. Still, an untapped zone, the simplification of jargons made Ranade’s YouTube channel stand out from the pile.
Pawan Goenka, Father of Scorpio, hangs up his boots after serving Mahindra Group for 27 years
Goenka worked with Mahindra & Mahindra (M&M) for 27 years. During this time, he had to lead the company's Automotive Business since September 2005. Dr Anish Shah will replace the outgoing Pawan Goenka on the same day. Anish Shah is currently the Deputy Managing Director and Group Chief Financial Officer at Mahindra & Mahindra.
Investors should add to cyclical stocks on weakness: Greed & Fear
In his research note titled 'Greed and Fear', Wood said, "Most notable to Greed & Fear was a 72 per cent and 38 per cent year-on-year increase in property sale registrations in Mumbai and Delhi last month, and 243 per cent and 70 per cent year-on-year so far in March due to the low base. Investors should look to add to cyclical stocks on weakness."
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