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News I read on 30th June
access_time 2020-06-29T19:30:16.607Z face Kundan Kishore
News I read on 30th June 1) Quarter 4 - A Loss-making quarter for most of the Indian Companies, despite just seven days of lockdown. Ref: Business Standard 2) The Reserve Bank of India (RBI) will be conducting a buy and sell open market operations (OMO) in bonds worth Rs 10,000 crore on Thursday. Re...
News I read on 29th June
access_time 2020-06-29T02:51:24.152Z face Kundan Kishore
News I read on 29th June 1) Power producers' total outstanding dues owed by distribution firms rose nearly 63 percent to Rs 1.23 trillion in April 2020 over the same month previous year, reflecting stress in the sector. Ref: Business Standard 2) Construction of a large number of real estate projects...
News I read on 26th June
access_time 2020-06-26T02:36:20.518Z face Kundan Kishore
News I read on 26th June 1) Funds parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell nearly 6 percent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Switzerland's central bank showed on Thursday. Ref: Business Standard 2)...
News I read on 25th June
access_time 2020-06-25T02:33:26.467Z face Kundan Kishore
News I read on 25th June 1) In a relief for taxpayers, the Centre on June 24 extended the deadline for filing income tax returns (original as well as revised) for FY2018-19 to July 31, 2020. The last date for filing income tax returns for FY2019-20 has also been extended to November 30, 2020. Conseq...
News I read on 24th June
access_time 2020-06-24T03:12:47.252Z face Kundan Kishore
News I read on 24th June 1) India's oil imports in May hit the lowest since Oct 2011, India imported 3.18 million barrels per day (BPD) of oil, a decline of about 31% from April and about 26% from a year ago. Ref: Yahoo Finance 2) To enable bondholders to find a market for the defaulting debt the ma...