Capital Edge Consulting

News Update for 16.3.2021

Business Standard

Ø  Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years

Ø  Adani Renewables bids Rs 2.77 for wind projects

Ø  EPFO closed 71.01 lakh EPF accounts in April-December 2020

Ø  No plan to split GAIL: Oil Minister Dharmendra Pradhan

Ø  Natco Pharma forays into pheromone-based technology for integrated pest management

Ø  RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30

Ø  Tata Communications OFS opens Tuesday for institutional investors

Ø  No proposal at present to include petroleum under GST: Sitharaman

Ø  States may face Rs 3 trillion GST compensation shortfall in FY22: Report

Ø  FM Sitharaman introduces Bill in Rajya Sabha to allow 74% FDI in insurance

Ø  MFs hold nearly a fifth of AT-1, Tier-2 bonds issued by banks: Nomura

Ø  Stripe becomes top US startup as valuation jumps to $95 bn

Mint

Ø  PGCIL acquires RNTL in Rajasthan

Ø  Tech Mahindra picks up 70% stake in Perigord Asset for €21

Ø  PAC for lowering interest rates of loans to MSMEs

Ø  WPI inflation surges to 27-month high of 4.17% in Feb

Ø  Cochin Shipyard ‘ready’ to put equity in India’s first locally build dredger for DCI

Ø  Ratan Tata acquires stake in Pritish Nandy Comm

Ø  UK’s 10-Year inflation expectations climb to highest since 2008

Ø  Govt likely to introduce Electricity Amendment Bill in ongoing session

Ø  Laxmi Organics IPO sees strong start; Craftsman IPO subscribed 55% on Day 1

Ø  India’s import of arms decreases by 33%, says SIPRI

Ø  RBI to extend cheque truncation system across all bank branches

Financial Express

Ø  EU takes legal action vs UK over Brexit deal delays

Ø  Exim Bank sees exports growing 4.9 per cent in Q4

Ø  China’s factories, consumers drive recovery into 2021

Ø  Nationwide strike impacts banking services of PSU banks

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