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Amazon Wins Interim Relief, Future-Reliance Deal Put On Hold
Press Trust of India | Monday October 26, 2020, New DelhiAmazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single-judge arbitration panel put the deal on hold. -
Don't Wind Up Six Schemes Without Investors' Consent, Karnataka High Court Tells Franklin Templeton
Edited by Peter Noronha (with inputs from agencies) | Sunday October 25, 2020Franklin Templeton Mutual Fund had shut six debt schemes in India amounting to about Rs 28,000 crore from April 23, citing lack of market liquidity and redemption pressures arising from Covid-19 pandemic. -
Burger King India Files IPO Papers, Set To Raise Rs 542 Crore
Edited by Peter Noronha | Sunday October 25, 2020Burger King's initial public offer (IPO) will consist of fresh issue of equity shares amounting to Rs 542 crore and an offer for sale of up to 6 crore equity shares by the promoter QSR Asia, according to the draft red herring prospectus (DRHP) filed with Sebi. -
Here's How To Check Allotment Status Of Equitas Small Finance Bank IPO
Edited by Peter Noronha | Sunday October 25, 2020The IPO received bids for 22.57 crore equity shares as against offer size of 11.58 crore equity shares, subscription data on the stock exchanges revealed. -
Petrol, Diesel Prices Unchanged On Sunday
Edited by Peter Noronha | Sunday October 25, 2020In Delhi, the price of petrol remained at Rs 81.06 per litre and diesel at Rs 70.46 per litre on October 25. In Mumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 76.86 per litre respectively. -
Banks Given November 5 Deadline To Implement Interest Waiver Scheme
Reuters | Saturday October 24, 2020, New Delhi/MumbaiThe top court had asked the government to implement the scheme, which will bring relief to millions of borrowers, at the earliest. -
Franklin Templeton Needs Unit Holder Approval For Scheme Wind-Ups: Karnataka High Court
Reuters | Saturday October 24, 2020, New Delhi/MumbaiFranklin Templeton Mutual Fund shut six credit funds in April citing lack of market liquidity and redemption pressures due to the pandemic. -
Due Date For Filing 2018-19 Annual GST Returns Extended Till December 31
Edited by Sandeep Singh | Saturday October 24, 2020This is applicable to businesses filing annual returns as well as audit reports for the year to March 31, 2019. -
Income Tax Return Deadline For Financial Year 2019-20 Extended Till December 31
Edited by Sandeep Singh | Saturday October 24, 2020For individuals required to get their accounts audited, a new deadline of January 31 is applicable, instead of December 31. -
Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
Reported by Sunil Prabhu, Edited by Sandeep Singh | Saturday October 24, 2020The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions will first credit the amount - the difference between compound interest and simple interest for the six-month period - on eligible loans up to Rs 2 crore, and it will reimburse the interest on interest on payments due between March and August regardless of whether the borrowers opted to defer their EMIs, either fully or partially. -
Petrol, Diesel Rates Unchanged On Saturday
Edited by Sandeep Singh (with inputs from agencies) | Saturday October 24, 2020Fuel Price In India Today: State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum review the fuel rates on a daily basis, aligning them with international oil prices and foreign exchange rates. -
RBI To Keep Policy Accommodative, But Wary Of Inflation
Reuters | Saturday October 24, 2020, MumbaiAlmost all members of the Monetary Policy Committee said they see room for further easing, but a recent rise in price pressures would need to abate for them to use that space. -
Finance Ministry Issues Guidelines For Implementation Of Loan Relief
Press Trust of India | Saturday October 24, 2020, New DelhiAfter crediting the amount, the lending institutions will claim the reimbursement from the central government. -
Centre Transfers First Tranche Of Rs 6,000 Crore In GST Compensation To States
Edited by Abhishek Vasudev | Friday October 23, 2020The central government had last week agreed to borrow up to Rs 1.1 lakh crore on behalf of the states to bridge the shortfall in GST collections. -
Gold Price Today: Domestic Gold Futures Back Above Rs 51,000 As Dollar Weakens
Edited by Sandeep Singh (with inputs from agencies) | Friday October 23, 2020Gold Price In India Today: Multi Commodity Exchange (MCX) gold futures settled at Rs 51,010 (up 0.48 per cent) for the day.
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