No tinkering with the direct taxes, capital gains taxes or security transaction tax, and no announcement of Covid tax on super-rich left bulls untamed at the bourses who managed to entirely reverse previous week s losses and clock the sharpest-ever Budget rally, in absolute terms, on Monday. Besides, Finance Minister Nirmala Sitharaman s focus on disinvestment, increased FDI exposure for the insurance sector, and a cleanup plan for stressed assets were among a few of the other confidence-boosting measures. Overall, the market capitalization of the BSE-listed companies increased by Rs 6.78 trillion to Rs 192.9 trillion on Monday with 2,315 points, or 5 per cent, gain in the S&P BSE Sensex, which closed at 48,601 level. In the intra-day trade, the index zoomed nearly 2,500 points, hitting a high of 48,764.
Read more about Shriram City Union Finance consolidated net profit declines 4.03% in the December 2020 quarter on Business Standard. Sales decline 0.42% to Rs 1565.32 crore
FD schemes of Shriram City
FD schemes of Shriram City insulate depositors against risk on investment along with offering best interest rate ANI | Updated: Jan 27, 2021 17:08 IST
New Delhi [India], January 27 (ANI/NewsVoir): In a tumultuous market scenario, Fixed Deposits (FDs) have emerged as the best products to grow one s investment in a risk-free and secure way. While FDs are guaranteed investments, they also offer sure shot return on the invested funds. Hence, future of fixed deposits as an investment option is always promising, precisely in India where for generations, fixed deposit as go-to investment tool for the middle class has already borne fruit in different ways.
NCLT nod for Kamini Metalliks taking over VBC Industries
January 25, 2021
As per the arrangement, Kamini Metalliks will pay ₹57 crore to the VBC lenders. The National Company Law Tribunal , Hyderabad has approved the resolution plan of Kamini Metalliks for debt-strapped VBC Industries.
VBC Industries, which was earlier declared insolvent, will now have a new owner in Kamini Metalliks which offered ₹98 crore with its bid.
Judicial member K Anantha Padmanabha Swamy and Member Technical Binod Kumar Sinha of the NCLT Hyderabad, on a petition moved by the corporate debtor, approved the resolution plan filed by Kamini Metalliks.
Lenders had moved NCLT for a resolution against the VBC Industries, which had raised about ₹268 crore from various bank facilities but could not keep up its commitments to repay the dues.