Infosys boosts employee morale with an 80% bonus payout in Q1 FY25, reflecting strong financial performance. Source and citation: Parmar, Beena, and Balasubramanyam, K R. “Infy Staffers Start this Fiscal with 80% Bonus.” ET Bureau, Aug 21, 2024. TLDR For This Article: Infosys paid out an average of 80% performance bonuses to employees in Q1 […]
GST authorities intensify scrutiny of merchants using digital payments to evade taxes, impacting various sectors. Source and citation: Bhakta, Pratik. “GST Sleuths Tracking Merchants Skipping Tax via Digital Payments.” ET Bureau, Aug 21, 2024. TLDR For This Article: GST authorities are increasing scrutiny of online merchants to combat tax evasion via digital payments, working closely
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Reliance Industries is investing ₹1,000 crore to increase coal bed methane (CBM) gas production in Madhya Pradesh. Source and citation: Pathak, Kalpana. “RIL to Invest ₹1k cr to Stem CBM Output Fall.” ET Bureau, Aug 21, 2024. TLDR For This Article: Reliance Industries (RIL) plans to invest ₹1,000 crore to boost coal bed methane (CBM)
India’s Centre and States discuss the rollout of job schemes and labour reforms to create 29 million jobs. Source and citation: Sharma, Yogima Seth. “Centre-States Meets Soon on Rollout of Jobs Schemes.” ET Bureau, Aug 21, 2024. TLDR For This Article: The Centre is holding high-level meetings with states to ensure the smooth rollout of
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NCLT secures HDIL’s property rights during insolvency, impacting real estate and investor confidence. Source and citation: Vyas, Maulik, and Babar, Kailash. “NCLT Affirms HDIL Rights Over Hyderabad Property.” ET Bureau, Aug 21, 2024. TLDR For This Article: The NCLT has upheld HDIL’s rights over a significant Hyderabad property during its insolvency process, preventing third-party claims
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India’s Green Ammonia Scheme invites bidders to assess logistical challenges, signalling growth opportunities in sustainable fertilisers. Source and citation: Samant, Shilpa. “Green Ammonia Scheme: Bidders Invited to Visit Procurers’ Fertiliser Plants.” ET Bureau, Aug 21, 2024. TLDR For This Article: India’s Green Ammonia Scheme invites bidders to assess fertiliser plant logistics, marking the first auction
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RBI’s new rules for P2P platforms limit their operations and protect lenders from potential risks. Source and citation: Gonsalves, Rozebud. “P2P Platforms Taking on the Lender Role Led RBI to Read the Riot Act.” ET Bureau, Aug 21, 2024. TLDR For This Article: The RBI has implemented stricter regulations on P2P lending platforms to prevent
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SBI and other public sector banks are raising ₹20,000 crore via bonds to meet rising credit demand. Source and citation: Dutta, Bhaskar. “SBI, Other PSBs Hit Bond St to Raise ₹20K cr by Month-end.” ET Bureau, Aug 21, 2024. TLDR For This Article: SBI and other public sector banks are raising ₹20,000 crore through bonds
SBI, Other PSBs Hit Bond St to Raise ₹20K cr by Month-end Read More »
NARCL’s restructuring of Simplex Infra’s debt could impact the construction industry and investor strategies. Source and citation: Sinha, Shilpy. “NARCL Plans to Separate Sustainable Part of Simplex Debt.” ET Bureau, Aug 21, 2024. TLDR For This Article: NARCL is planning to restructure Simplex Infra’s ₹9,600-crore debt by separating it into sustainable and unsustainable portions, potentially
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Insight into upcoming IPOs, stake sales, and their impact on the market for investors. Source and citation: ET Bureau. “D-Street Diary.” ET Bureau, Aug 21, 2024. TLDR For This Article: Several companies are making moves with IPOs and significant stake sales, signalling potential shifts in market dynamics. Understanding these developments can help investors navigate opportunities
