BUSINESS
Continue preserving CCTV footage of post-demo period, RBI to banks
In a notification on Tuesday, the RBI said: "In continuation to the above, keeping in view the investigations pending with law enforcement agencies, proceedings pending at various courts, you are advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016, to December 30, 2016, in a proper way, till further orders."
Significant rise of frauds in second wave of coronavirus
Shibesh Singh, Additional Commissioner (Crime), Delhi Police said: "There has been a significant rise of frauds against public during the second wave of the coronavirus. During the recent wave of the pandemic, he said, the Delhi police were able to block almost 550 fraud bank accounts, seized more than 1.25 crore rupees, and suspended almost 1,500 SIM cards."
'Don't let taxpayers down': FM tells Infosys over issues on ITR e-filing portal
Citing complaints on her Twitter timeline the Finance Minister said that ease of compliance for the taxpayer should be or higher priority. "The much awaited e-filing portal 2.0 was launched last night 20:45hrs. I see in my TL grievances and glitches," she said in a tweet.
Hiring outlook expected to be more or less stable in Q3 2021
Sectors which are likely to lead the job market include transportation and utilities, followed by the services sector. The strongest hiring pace is recorded in the medium sized organisations, followed by the large organisations with a seasonally adjusted outlook of +8 per cent and +6 per cent, respectively. From a region specific perspective, North and South indicate similar outlook at +6 per cent.
Central banks continue to remain positive on gold: WGC Survey
The '2021 Central Bank Gold Reserves (CBGR)' survey also noted that central banks are also increasingly valuing gold's performance during periods of crisis as this attribute now tops their rationale for holding gold. "These results come amid ongoing uncertainty stemming from the Covid-19 pandemic, a situation which has added significant complexity to central bank reserve management," said the report.
Another fiscal stimulus package key to rekindle animal spirits
According to the research report, there is a distinct slowdown in bank credit growth in India with the trend starting with the onset of pandemic last year continuing well into FY22. What this means is that India Inc appetite for fresh investment is still not there. And in the absence of fresh fiscal stimulus package, the investment climate would not improve.
Neglecting inflation leaves global economies sitting on a time bomb
"We expect inflationary pressures to re-emerge as the Fed continues with its policy of patience," the economists, led by David Folkerts-Landau, chief economist and global head of research, said. "It may take a year longer until 2023 but inflation will re-emerge."Unlike other economists who believe inflationary pressures will recede over time, the Deutsche Bank analysts think otherwise.
Stock Talk: Top Two and Three Wheeler Companies On BSE Today
India is the second largest producer of two-wheelers in the world next only to China. Indian 2 Wheeler Market unit sales stood at 21.2 million units in 2019 and would reach sale of 26.6 million units by 2025 displaying a reasonable CAGR of 2.6% over the forecast period (2020-2025).
Roca's acquisition of Sanit augurs well for Roca India to go behind the wall
With a turnover of 74 million euro, Sanit is ranked number three in Germany and number five in Europe in sanitaryware installation systems. "With Roca acquiring Sanit, we can get the advanced technology to make the behind the wall or concealed systems and offer the same in India," K.E. Ranganathan, Managing Director, Roca Bathroom, told IANS.
Franklin Templeton Director, wife banned from stock markets for a year
A fine of Rs 4 crore has been slapped on Vivek Kudva and Rs 3 crore on his wife. They have also been asked to return an amount of Rs 22.64 crore in an escrow account to the SEBI, which will be released to them along with the cash being disbursed to other investors. This is the amount they received on redemption before the six schemes of Franklin Templeton Mutual Fund were shut last year.
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