ECONOMIC NEWS 28.12.2020

pajonline@admin December 28, 2020

ECONOMIC NEWS 28.12.2020

Economic Times

📝 Credit demand fails to pick up despite aggressive rate cuts

📝 Appliances may see a 10% price jump from January

📝 CII suggests steps on tariffs ahead of 2021 Budget

📝 Govt shells out Rs 22,087 crore as interest towards recap bonds for banks

📝 Dubai ruler approves $15.5 bn budget for 2021 as economic recovery seen

📝 Ministry issues SOP for conduct of sporting events in country

📝 About 40% small businesses say it’s impossible to file tax returns by month end, want extension: LocalCircles

📝 Oaktree fires fresh salvo against Piramal bid

Business Standard

📝 FM Logistic plans to double warehousing capacity in next 3-4 years

📝 Air India staff protest pay cut, demand arrears ahead of privatisation

📝 New farm laws likely to harm livelihood of small traders, says CAIT

📝 FinMin backs new GST rule, says it’s not for MSMEs, certain I-T payers

📝 In search of Covid capital, companies raised Rs 1.7 trillion in 2020

📝 Govt extends validity of vehicle documents like DL, RC, permits till Mar 31

📝 China’s industrial profits grow at a slower pace in November, shows data

📝 UK PM Boris Johnson sees major changes after Brexit deal, says report

📝 US jobless benefit cut-off pushes millions to financial cliff-edge

📝 European Union begins Covid-19 vaccinations after clearing Pfizer shot

📝 Competition Commission to release study on telecom sector shortly

📝 PE investment in real estate to drop 31% to $4.6 bn in 2020; $6 bn next yr

Financial Express

📝 Tendering up 27% y-o-y but awards fell in November

📝 Take shareholders’ nod before appointing Shivan as MD & CEO, RBI tells Dhanlaxmi Bank

📝 Ratan Tata funded startup iKure in talks with investors for raising capital

📝 Wistron’s iPhone factory in Kolar will be operational in 20 days, says Minister

📝 Mobile phone makers likely to miss production target under PLI scheme, seek adjustment of incentives

📝 India to play vital role in equitable distribution of COVID-19 vaccines around the world: Pharma industry

📝 Reasonable spectrum pricing, forward movement on 5G among priorities for 2021: BIF

📝 DCCDL to acquire Hines stake in One Horizon for Rs 780 crore

📝 CFMA to move SC to scrap e-voting by Franklin

📝 Bitcoin now world’s largest financial service; market cap crosses $500 billion

📝 Infosys, TCS lead 6 of 10 most valued firms to add Rs 60,198 cr in m-cap

📝 FPIs pumped in Rs 60,094 cr in December so far

Mint

📝 Punjab National Bank puts 3 stressed accounts up for sale

📝 DLF to raise up to ₹500 cr for One Horizon stake

📝 PM Modi to inaugurate section of Dedicated Freight Corridor on Tuesday

📝 Jaishankar discusses strengthening partnerships with Qatari counterpart

📝 BMW aims for 20% of its vehicles to be electric by 2023: Report

📝 Asus to open 1,000 new retail points in India over next year

📝 Severe cold wave to hit Delhi-NCR, expected to last till Jan 3: IMD

📝 Over 4.15 crore ITRs for fiscal 2019-20 filed till Dec 26: Tax Department

📝 Mahindra Logistics to soon deploy electric vehicles for last-mile delivery

📝 China financial regulators urge Ant Group to set ‘rectification’ plan swiftly

📝 China strategically captured entire supply chain of America: US advocacy group

📝 Divergences in rural, urban inflation do not persist for long: RBI paper

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