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Showing posts from November, 2021

The Fed is way behind the curve

It has been making nervous noises but it has just started tinkering at the edges, hoping it doesn’t have to really crank things higher. Too many analysts/pundits and, indeed, central bankers are still much too sanguine that the current burst of inflation is transient from The Financial Express https://ift.tt/3IbKOKC https://ift.tt/eA8V8J Jamal Mecklai

Boardrooms must get real on climate-aligned business

As long as ESG compliance is only a check-the-box exercise, companies will run the risk of extensive damage to their investment. As with the real economy, the financial sector must transform, from guidelines for a green taxonomy to disclosure requirements for climate risks that regulation must mandate from The Financial Express https://ift.tt/3cVkRAz https://ift.tt/eA8V8J

Overseas education: Students in pursuit of ‘culture’ over ‘career’

In terms of country of choice, while Indian students have typically opted to study in the US, the UK, Canada and Australia—which remain the top four destinations—they are also choosing newer alternatives such as Germany, Italy, Ireland, Turkey, Russia and China. from The Financial Express https://ift.tt/3lgne5m https://ift.tt/eA8V8J

Coronavirus Live News: Deja vu? Omicron variant and the unending anxiety of new lockdowns

Covid-19 Cases in India Today, Coronavirus India Statistics Live, Covid-19 Vaccine Registration Live Updates, Coronavirus New Variant News, Coronavirus Omicron News: World over, from the US to Australia, nations are imposing new restrictions. This may also impact the economic resurgence of the global economy. from The Financial Express https://ift.tt/3D1G46e https://ift.tt/eA8V8J FE Online

Tripura Municipal Election Results 2021 Live News: Counting of votes underway in prestige battle for TMC, BJP

Tripura Civic Body Election Results Live, Tripura Municipal Election Results 2021 Live Updates: The ruling BJP has already won 112 out of the total 334 seats uncontested in the Agartala Municipal Corporation and 19 urban bodies. from The Financial Express https://ift.tt/3E1r7me https://ift.tt/eA8V8J FE Online

We must never forget 26/11

It is easy to understand why, when there was a Congress Prime Minister in Delhi, he preferred to forget what happened in the hope that everyone would forget the terrible mistakes made during the attack and after. from The Financial Express https://ift.tt/3cULsxz https://ift.tt/eA8V8J Tavleen Singh

Punjab believes in Punjabiyat, it’s a liberal society. We are a regional party… I am looking at what we can do for state

Amarinder Singh talks about his “legacy” of fulfilling his 2017 manifesto promises, lays out plans for his new party, says he believes Rahul, Priyanka Gandhi have grown into their Cong role, and repeats his fears for Punjab security. This session was moderated by Resident Editor Manraj Grewal Sharma from The Financial Express https://ift.tt/3o0q8Ni https://ift.tt/eA8V8J FE Bureau

Prices of tomatoes spurt 142% in November, no immediate relief: Crisil

Karnataka, Andhra Pradesh and Maharashtra are key suppliers of tomato from October to December. However, with standing crops being damaged by excess rains in Karnataka (105% above normal), Andhra Pradesh (40% above normal) and Maharashtra (22% above normal), the supply has fallen. from The Financial Express https://ift.tt/3leMUzn https://ift.tt/eA8V8J FE Bureau

Vodafone Idea demonstrates around 4 Gbps 5G data speed

VI has been allocated 26 GHz and 3.5 GHz spectrum in the mmWave band by the DoT for 5G network trials and use cases. Vi has achieved peak speeds in excess of 1.5 Gbps on 3.5 GHz, more than 4.2 Gbps on 26 GHz and up to 9.8 Gbps on backhaul spectrum of E-bands during the trials. from The Financial Express https://ift.tt/3DS3Frr https://ift.tt/eA8V8J FE Bureau

PM Narendra Modi inaugurates Rs 30,000-crore Jewar airport; flight operations to start in 2024

Spread over 1,300 hectares, work on the first of four phases is due to be over by 2024, just before the Lok Sabha election are scheduled to be held. The airport has been conceptualised with an integrated multi-modal cargo hub, the first in the country. from The Financial Express https://ift.tt/3xwlCtm https://ift.tt/eA8V8J FE Bureau

Implementation of Rs 6,238-crore PLI scheme for white goods is well on track: Govt

The department for the promotion of industry and internal trade (DPIIT) has selected 42 companies — including Daikin, Hitachi, Panasonic, Voltas, Mettube, Nidec, Dixon and Havells — that have committed investments of Rs 4,614 crore for availing of subsidy. from The Financial Express https://ift.tt/3xmVGAd https://ift.tt/eA8V8J FE Bureau

US raises anti-dumping duty on shrimp exports by India

USDOC on Wednesday issued the final results of the fifteenth administrative review of the anti-dumping duty order on frozen warm-water shrimp from India by fixing an anti-dumping duty rate of 7.15%. It was 3.06% after the final results of the 14th administrative review. from The Financial Express https://ift.tt/3CMq9sw https://ift.tt/eA8V8J Rajesh Ravi

Fewer new entrants to EPFO, ESIC in September

While the ‘number of new subscribers’ (not necessarily new jobs) under EPFO fell to 8,94,732 in September from 9,67,869 in July, the number of ‘newly registered employees’ under ESIC in September fell to 13,37,797 from 13,40,140 in July. from The Financial Express https://ift.tt/3cQIY38 https://ift.tt/eA8V8J FE Bureau

Tata Teleservices soars over 1,100% in one year

The stock has surged over 1,100% in the last one year, from ₹7.8 in October 2020. The stock is up 75% in the ongoing month itself. On November 10, the exchange had sought clarification from the company on the movement in the stock price. from The Financial Express https://ift.tt/3cLRJf5 https://ift.tt/eA8V8J FE Bureau

IOB, Central Bank shares rally on sell-off buzz

Speculations about privatisation gained momentum a day after the Centre's legislative agenda suggested that the Banking Laws (Amendment) Bill 2021 for privatisation of two public-sector banks will be taken up during the winter session of Parliament. from The Financial Express https://ift.tt/3D1yo4h https://ift.tt/eA8V8J FE Bureau

Security receipts for past NPAs appear as lenders seek to avoid provisioning

Executives from the stressed assets industry said SRs issued during non-performing asset (NPA) sales are now expected to be put up for sale, as for many of them, recoveries have not happened and erosion in the net asset value (NAV) may demand additional provisioning. from The Financial Express https://ift.tt/3l5NU92 https://ift.tt/eA8V8J Shritama Bose

‘DoT to ensure level playing field for all forms of communication’

Telecom Regulatory Authority of India chairman PD Vaghela said satellite networks are not competitors of terrestrial networks, but complement them. The regulator has already come out with a consultation paper on licensing framework for establishing satellite earth station gateway. from The Financial Express https://ift.tt/3DM3mOZ https://ift.tt/eA8V8J FE Bureau

IndusInd Bank, Spandana Sphoorty in a tussle over CEO, CFO appointment

IndusInd Bank also clarified that Ashish Damani, who is serving as executive director and chief financial officer of BFIL has also not resigned. Spandana Sphoorthy had issued a release on Monday naming Damani as the president and chief financial officer of the company. from The Financial Express https://ift.tt/3xiqhyE https://ift.tt/eA8V8J FE Bureau

YOUR QUERIES: MUTUAL FUNDS: Go for gilt funds positioned around the medium-to-long term segment of the yield curve

Corporate bond spreads have narrowed significantly compared to their long-term averages; subsequent widening of spreads could present additional downside risk to investors. Hence, gilt funds also score above corporate bond funds at this juncture. from The Financial Express https://ift.tt/3nH2llr https://ift.tt/eA8V8J Dhaval Kapadia

A controversy in the making?

For the purposes of levying Social Welfare Surcharge, imports enjoying ab initio exemption should not be viewed with the same lens as imports on payment of duty using scrips from The Financial Express https://ift.tt/32rveu1 https://ift.tt/eA8V8J

It is imperative for entrepreneurs to adapt and act fast: Harsh Mariwala, Chairman of Marico and Founder, Ascent Foundation

A lot of new opportunities have emerged in the new normal. Be it the rise of new industries like the organic goods, vegan food, telehealth, virtual reality, etc., or technology advancements in existing sectors such as healthcare, education, banking. from The Financial Express https://ift.tt/3qTH4al https://ift.tt/eA8V8J Sudhir Chowdhary

INTERVIEW: Kerala is trying to report every Covid case, says state’s Health Minister Veena George

Kerala’s Health Minister Veena George says the state’s Covid strategy has always been to “delay the peak", points out that despite the cases, the state’s fatality rate is among the lowest in country, and explains why she has reached out to Centre on booster doses. The session was moderated by Deputy Political Editor Liz Mathew from The Financial Express https://ift.tt/32m91xi https://ift.tt/eA8V8J FE Bureau

Farmer bodies welcome scrapping of agri laws, experts concerned

Raju Shetti, president of Swabimani Shetkari Sanghatana (SSS), said that the Centre backing down in face of collective farmer protests was “a historic occasion,” and said that the Prime Minister’s announcement to repeal the contentious laws would have made a greater impact had it been done on January 26 this year itself. from The Financial Express https://ift.tt/32k6V0T https://ift.tt/eA8V8J FE Bureau

USTR visit: India, US to focus on market access, revival of key trade meet

US trade representative Katherine Tai’s two-day visit starting November 22, her first as the chief trade negotiator of the US, will also set the stage for the revival of the annual bilateral trade policy forum meeting, which last took place in Washington DC in 2017, said the source. from The Financial Express https://ift.tt/3CBZmze https://ift.tt/eA8V8J Banikinkar Pattanayak

Start-up GoodFellows gets back up from Ratan Tata

Incidentally, the start-up – GoodFellows – has been founded by Shantanu Naidu, who is currently Ratan Tata’s business assistant. GoodFellows, which is in a beta testing phase now, intends to recruit graduates under 30 years of age to provide companionship to elderly people. from The Financial Express https://ift.tt/3CyDd4y https://ift.tt/eA8V8J

BSNL 4G rollout likely to get delayed

“Considering the representation received from PoC (proof of concept) vendors…the PoC timeline has been extended till December 31, 2021, as a one-time measure for completion of PoC and no further extension will be granted by BSNL,” the company said in a letter to the vendors. from The Financial Express https://ift.tt/3Do2Fet https://ift.tt/eA8V8J Kiran Rathee

Technology sector scouts for senior talent

Tech start-ups accounted for 45% of the moves, while IT services emerged second with 32% of the moves. Tech products sector added 5%, while senior tech movements in consulting sector contributed 3%, followed by GICs at 2% of moves. from The Financial Express https://ift.tt/3FogVEs https://ift.tt/eA8V8J Shubhra Tandon

Real estate prices could go up by 10-15% in FY23: Credai

“It is a major concern and we feel construction costs have risen by about 25-30%, which may have a bearing on apartment prices over some time. Over the next 3-6 months, we expect property prices to go up by 10-15%. For the last 5-6 years prices have not risen,” Credai national president, Harsh Vardhan Patodia told FE. from The Financial Express https://ift.tt/30nZYLf https://ift.tt/eA8V8J Rishi Ranjan Kala

Kerala introduces responsible tourism tag for hotels, resorts

Launching the RT classification software and online application portal for standardisation schemes, tourism minister PA Mohamed Riyas said this initiative, based on sustainable management, socio-cultural, economic and environmental responsibility, is a model for the entire country. from The Financial Express https://ift.tt/3Fe2GCe https://ift.tt/eA8V8J FE Bureau

Data monitor: Prospects to get better for EPC players

The recent guidelines for government procurement contracts issued by the Centre, coupled with Gati Shakti, is likely to have medium-term ramifications for EPC majors as far as volumes, pace of execution, and working capital are concerned, Kotak Institutional Equities has said. from The Financial Express https://ift.tt/3wLtI0y https://ift.tt/eA8V8J FE Bureau

Merchant Discount Rate | RuPay’s fading print: MDR pricing to blame?

With RBI’s prohibition for auto-debit payments in recurring transactions and the upcoming restrictions for storage of debit card details by merchants, it is bound to create enough friction for people to move towards alternative payment means like the BHIM-UPI. from The Financial Express https://ift.tt/3qysdC1 https://ift.tt/eA8V8J

Idea Exchange | Will team up with anyone (in Punjab) for a stable government which will work for national security: Union Jal Shakti Minister Gajendra Shekhawat

"After talking to people in Chandigarh, BJP workers from across Punjab, media and social organisations, I can say that the common man has got nothing to do with it (the farmers’ agitation)," the minister says. from The Financial Express https://ift.tt/3ncwUzi https://ift.tt/eA8V8J FE Bureau

Good yield: Domestic natural gas output rises; 24.3% increase in production in October amid surging LNG cost

As FE recently reported, the Indian Gas Exchange achieved a record trading of 10.3 lakh million British thermal units (mBtu) of gas volumes in October, with the platform discovering prices lower than spot Asian LNG rates. from The Financial Express https://ift.tt/3qzZJaR https://ift.tt/eA8V8J FE Bureau

Coal India deploys additional third party samplers to lessen grade slippage

Basalts are mainly found in the mines of the Rajmahal area under the Eastern Coalfields (ECL) and those are removed as overburdens. But plants mainly linked with the ECL are facing the problem, though most of the mines in other CIL subsidiaries are basalt free. from The Financial Express https://ift.tt/3H7rsWi https://ift.tt/eA8V8J Indronil Roychowdhury