Rejig

Sebi directive: Regulator sets timeline for derivatives rejig on Bankex, BankNifty, and FinNifty; move to deepen sectoral representation

contact@dailyupdatesindia.com7 months ago01 mins

Markets regulator Sebi on Thursday issued fresh guidelines directing stock exchanges to realign eligibility norms and composition criteria for derivatives on non-benchmark indices such as Bankex, FinNifty, and BankNifty.According to the circular, exchanges will need to revise the composition and weights of these indices within specified timelines, PTI reported. The adjustment for Bankex and FinNifty…

‘Law enacted in 1908 proves pain point for asset rejig companies’

contact@dailyupdatesindia.com7 months ago01 mins

MUMBAI: A century-old law is holding back India’s efforts to recover bad loans. Asset reconstruction companies (ARCs) say a provision in the Indian Registration Act of 1908, which requires them to register every loan transfer with state registrars, persists despite the creation of a centralised digital alternative more than a decade ago.Each time an ARC…

GST rejig hurts HUL’s sales in Sept as orders get pushed

contact@dailyupdatesindia.com8 months ago02 mins

MUMBAI: Hindustan Unilever (HUL) has said that sales have been impacted in Sept as markets prepared for the new GST regime leading to some temporary disruptions in the supply chain. Distributors and retailers postponed placing orders for fresh stock as they awaited new packs with updated prices to hit the markets and instead focused on…

GST rejig: Auto dealers mull options to deal with cess removal

contact@dailyupdatesindia.com8 months ago02 mins

NEW DELHI: Car dealers are looking at options to set off the impact of withdrawal of GST compensation cess on their bottomlines, with some of them contemplating legal challenge to the move.While restructuring GST, the GST Council decided to increase the rate from 28% to 40% but withdrew the cess on cars that ranged from…

Govt asks e-tailers to promote GST rejig

contact@dailyupdatesindia.com9 months ago01 mins

MUMBAI: Govt has directed e-commerce firms to disseminate information about the GST reforms on their platforms. In a meeting held last week, it was suggested that platforms run a ‘GST Bachat Utsav’ campaign on their portals for 100 days starting Sept 22. Firms were also asked to reflect GST reduction in the bill. “All the…

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GST relief: Rate rejig set to ease daily expenses; PwC report says household budgets may get a breather

contact@dailyupdatesindia.com9 months ago02 mins

Household budgets in India are likely to get some relief after the recent revision in Goods and Services Tax (GST) rates, according to a report by PwC. The advisory firm noted that the rate adjustments are expected to make everyday expenses more manageable for consumers, potentially lifting overall consumption sentiment. PM Modi Hails GST Reforms…

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Sebi directive: Regulator sets timeline for derivatives rejig on Bankex, BankNifty, and FinNifty; move to deepen sectoral representation

‘Law enacted in 1908 proves pain point for asset rejig companies’

GST rejig hurts HUL’s sales in Sept as orders get pushed

Govt asks e-tailers to promote GST rejig

GST relief: Rate rejig set to ease daily expenses; PwC report says household budgets may get a breather