Новости за 26.02.2020

RBI has resisted pressure on a package for NBFCs, but permitted banks not to classify defaulters in MSME, realty.

Stocks in news: IRB Infra, RIL and Airtel

The indirect tax department has issued notices to thousands of companies that had claimed late input tax credit under GST framework and thereby asked them to reverse the transaction. These companies had claimed the input tax credit for fiscal 2018 and 2019 after missing the September deadline.

The company is planning to launch smart TV, smart bands, smartwatches, and other connected ecosystem products, with the newer categories expected to contribute Rs 3,000 crore or 10% to overall sales by this year end, Realme's CEO Madhav Sheth told.

The income tax (I-T) department has accused Sir Dorabji Tata Trust of not sharing former managing trustee R Venkataramanan’s employment contract, despite repeated requests to justify its order. In the absence of a contract, the department concluded that the contract deems to be in breach of the trust deed, they said.

Bandhan, Kotak Bank, IndusInd, PEs approached for the sale process and the deal is likely to value company at $2.5 billion.

Recently, the Centre allocated Rajasthan a 25,000 MW ultra mega renewable energy park. The state government has identified land bank of 125,000 hectares in three districts — Bikaner, Jaisalmer and Jodhpur—for this park.

The Department of Telecommunications (DoT) has estimated Hughes’ AGR dues at around $84 million (Rs 600 crore). People aware of developments said Hughes has concluded self-assessments of its dues — which could peg liabilities at lower than government estimates — and is hopeful of resolving the matter with the telecom department shortly.

In November, when RIL-BP offered 5 million metric standard cubic meters a day (mmscmd) of gas proposed to be produced from its KG Basin field, the prices quoted in the auction were very close to the floor rate fixed by producers.

“Out of the 28 stores, six will be converted into fulfilment centres,” a person in the know said. Walmart’s plan is to turn many more of its ‘Best Price’ brand cashand-carry stores into warehousing in the coming months. The move comes barely a month after Walmart said it had sacked more than 50 employees in India as part of a restructuring plan.

The joint statement noted the sale of advanced military helicopters to the Indian forces. With India keen on the joint production of weapon systems, President Trump pledged to support the transfer of advanced military technology. India will be given the highest consideration when it comes to technology transfer.

Government's ambitious 40 gigawatt rooftop solar power generation project might not be fulfilled by 2022 because, according to industry experts, electricity distribution companies in several states have been reluctant to support installation and integration of rooftop solar energy because of potential revenue loss for each unit of power generated.

The number of accounts added by the government-managed pension fund during April-December 2019 was higher compared with the 6,112,223 accounts added in the entire fiscal 2018-19. However, the number of new employees added in December fell marginally to 1,008,600 from 1,162,863 in November.

The automaker plans to roll out its first vehicle by the first quarter of 2021, within a year of acquiring the Talegaon factory from General Motors. This would be followed by an electric vehicle and mid-size SUVs by 2022-2023, said several people in the know.

US President tells India Inc to invest billions and promises to cut more regulation. Some industry leaders in attendance told Trump their companies are investing in the US. Trump responded to every investment commitment with fulsome praise. He also pegged reduction in regulations to his re-election.

The move is expected to benefit 630,000 pensioners and substantially increase pensions for those members of the Employees Provident Fund Organisation (EPFO) who retired before September 26, 2008 and had opted for partial commutation of pension. This will benefit such employees as it will lead to restoration of full (higher) pension after 15 years.

The move comes after the government removed the tax barrier for private placement of InvITs in the budget, putting them at par with publicly listed ones. Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development.

Walt Disney Co's Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek. Iger is still keeping a significant role at the company. He will assume the post of executive chairman and direct the company's "creative endeavors" until his contract ends on Dec. 31, 2021, Disney said.

Trump said they have made tremendous progress on a comprehensive trade agreement, and he is optimistic they can reach a deal that will be of great importance to both countries. However, he did not hide his disappointment when he said India probably levies the highest tariffs in the world. Both sides are now aiming for a bigger package, including possibly a free trade agreement.

Officials at the departments of promotion of industry and internal trade (DPIIT) and land resources held a meeting with officials of West Bengal, Karnataka, Maharashtra and Delhi last month to discuss various reform measures to improve ease of doing business, a senior government official said.