Skip to main content

Daily Update 15-June-2017

Good Afternoon Everyone
Have a Good Day to all of you🙏🏻🌹🌹🌹
Daily Update
15-June-2017

Economic Times
As Sikka bulks up on highly-paid talent, Infy braces for big cost blow
With equity market deals seen at record $20 bn, many records will be broken this year
It's raining pre-GST offers at branded cloth stores
TCS executive to head Atal Mission under NITI Aayog
SpiceJet may order Boeing 737 Max-10s at Paris launch
CCI slaps Rs 87 crore fine on Hyundai Motor India for anti-competitive conduct
Under pressure from Chinese companies, Panasonic to exit low-end phones segment

Business Standard
IOC, BPCL, HPCL sign agreement to set up $30 bn refinery
'NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs'
St Stephen's releases list, 98.5% cut-off for Economics, English
Aadhaar-based businesses catch the eye of impact investors
BoB, Canara may lead round 2 of bank mergers
RCom chairman Anil Ambani to draw no salary in FY18
Mint
China, India are driving energy demand growth
Cabinet clearance for bill to shield financial sector
RBI’s bankruptcy move throws bankers into a tizzy
ED files charges against Mallya in IDBI loan case
Tata Capital looks to raise $1 bn across three PE funds
GTPL Hathway to launch IPO on 21 June, sets Rs167-170 price band
President poll: NDA panel to meet Sonia tomorrow
Regards,
Team Webecreator
Ujjwal Thakur
9773197533
9890151261

Comments

Popular posts from this blog

Govt’s gamble on GST cuts: What do the bond and currency markets signal?

  It’s not just humans who suffer from cognitive biases; markets do too. Interestingly, different financial markets exhibit distinct biases, each interpreting events through its own prism of prejudice. Take the recent announcements on GST reforms: equity markets have chosen to view them through the lens of growth, while bond and currency markets are focusing on potential macroeconomic risks—fiscal pressures and current account challenges. So, which lens captures the true pulse?Equity markets may be right in expecting GST reforms to revive consumption, which has remained lacklustre for a while. But the key question remains—will this revival come at the cost of broader macro stability?It is well known that consumption stocks have rallied since the GST rationalisation announcement. But what about bond markets? What signals are they sending since this rejig was announced from the ramparts of the Red Fort?The signs aren't encouraging. Bond prices have slumped and yields have surged sinc...

Luxury carmakers urge clarity on GST rates to boost festive season sales

  A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season.The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.In an interaction with PTI, BMW Group India President and CEO Hardeep Singh Brar said the recent speculation about the change in GST rates has caused uncertainty in the minds of consumers.Consumer interest and demand is strong, but they (prospective buyers) have adopted a wait-and-watch approach, and this delayed decision-making is impacting new vehicle sales at a certain level, he noted."Expediting clarity on GST rates is essential to get back to speed and ensure the auto sector's contribution to economic growth during this quarter is robust," Brar stated.He also hoped that the sustainable p...

Sebi proposes tighter norms for green bond third-party reviewers

  Sebi on Friday said it has proposed to tighten the norms to appoint independent third-party reviewers or certifiers for green debt securities to align them with requirements for other ESG-linked bonds.In a draft circular, Sebi said that the current norms for green bonds, introduced in February 2023, lack detailed requirements around reviewer independence, conflict of interest mitigation, and disclosure standards that are now in place for other ESG-linked securities under a June 2025 circular.The regulator's latest proposal seeks public comments on a revised framework that would bring parity by incorporating comprehensive criteria for third-party certifiers of green bonds on non-convertible securities.Under the proposed norms, issuers of green debt securities will need to appoint reviewers who are independent of their management, directors, and key managerial personnel. These reviewers will be remunerated in a way that prevents any conflicts of interest and possess relevant expert...