ProfitNama

2 August 2024

Listed PSUs Get 2-yr Relief on Minimum Public Float Norms

State-run companies get a 2-year extension on public float norms, impacting banks and investors. Source and citation: “Listed PSUs Get 2-yr Relief on Minimum Public Float Norms” by ET Bureau, Aug 02, 2024 TLDR For This Article: State-run listed companies have received a two-year extension to meet the minimum public shareholding requirement, offering temporary relief […]

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India Allows Essential Commodity Export to Maldives Via 2 More Ports

India adds Kandla and Visakhapatnam ports for essential commodity exports to Maldives, boosting trade relations. Source and citation: “India Allows Essential Commodity Export to Maldives Via 2 More Ports” by ET Bureau, Aug 02, 2024 TLDR For This Article: India has permitted the export of essential commodities to the Maldives via Kandla and Visakhapatnam ports,

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Need to Reduce Costs to Make India More Attractive: GTRI

GTRI suggests reducing costs and improving business ease to attract more foreign investments to India. Source and citation: “Need to Reduce Costs to Make India More Attractive: GTRI” by ET Bureau, Aug 02, 2024 TLDR For This Article: The Global Trade Research Initiative (GTRI) recommends lowering costs and enhancing business ease to attract more foreign

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Infosys Mulls Contesting ₹32,403-crore GST Notice

Infosys challenges massive GST notice, impacting tech industry, stock prices, and investor strategies. Source and citation: “Infosys Mulls Contesting ₹32,403-crore GST Notice” by Anuradha Shukla, ET Bureau, Aug 02, 2024 TLDR For This Article: Infosys is considering contesting a massive ₹32,403 crore GST notice for unpaid tax on overseas services, sparking industry-wide concern and potential

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NPCI Restores Link with C-Edge Post Audit of Ransomware Attack

Analysis of NPCI restoring C-Edge connectivity after ransomware attack audit and its implications for investors. Source and citation: ET Bureau, August 2, 2024. TLDR For This Article: NPCI restores connectivity with C-Edge after an audit confirms isolated ransomware attack, ensuring infrastructure security. Analysis of this news for a layman: The National Payments Corporation of India

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Banking’s Nifty Lag an Opportunity to Consider Some Bets

Exploring banking sector underperformance, its causes, and investment opportunities amidst regulatory changes and market trends. Source and citation: Ranjit Shinde, ET Bureau, August 2, 2024. TLDR For This Article: Banking sector lags due to margin pressure and regulatory changes, presenting potential investment opportunities at lower valuations. Analysis of this news for a layman: The banking

Banking’s Nifty Lag an Opportunity to Consider Some Bets Read More »

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