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Regulatory work relegated to background amid Covid-19

MEE Order 12 comes into force 1 January 2021

The latest news and developments

As per data from the Reserve Bank of India (RBI), the total reserves stood at $476.475 billion at the end of the week.

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

Seeking setting aside of the orders, the exporter said that directing private establishments to compulsorily pay 100% wages during lockdown is “illegal, unconstitutional” and violative of Articles 14 and 19 of the Constitution of India.

The move comes after renewable companies made representations to the government to allow a blanket extension for six months to overcome supply-side disruptions in completing the projects.

However, the Bench refused to interfere in the matter after the petitioners informed the judges that they were not personally affected and had filed the PILs in public interest.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

Mills in Uttar Pradesh have produced 11.65 MT as on April 30, 2020, which is 3.72 lakh tonne higher than what was produced a year ago. Of 119 mills operated this year, 44 mills have ended their crushing. As many as 75 mills are operating as against 68 mills last year till April 30.

With the countrywide lockdown set to continue for two more weeks, banks have urged the Reserve Bank of India (RBI) to extend the three-month moratorium on loans by another three months beyond May 31.

The e-way bill generated on or before March 24 and expiring during the March 20-April 15 period would now be valid till May 31.

In an office memorandum dated April 30, reviewed by FE, the revenue department has said it has approved the release of the RoSL benefits, which will, however, be in the form of scrips, instead of cash.

Honda Cars implements new corporate identity for its dealer network.

The Kona Electric, the world’s first electric compact SUV, was launched in India last week. Priced Rs 25.3 lakh, it’s available for sale in 11 cities.

Guidance for year has been cautious; FY20/21e EPS up 1/0.4%; valuations are fair; ‘Neutral’ maintained

For instance, German automaker Volkswagen, which has had a reasonable success with the Polo hatchback, arrived late to the party in the Indian compact sedan segment (with the Ameo) and still doesn’t have a sub-4 metre SUV.

The most exquisite car Volvo has ever made

At the India gaming show 2019, Digit wanted to give gamers the ultimate 4K gaming experience. For this, we took the most powerful gaming machines money can buy. We had a PS4 Pro and an Xbox One X connected to 4K HDR TVs to show gamers the potential of gaming consoles.

Product announcements from day one of Medallia Experience 2018

Brands may be watching your every move, but hey...at least you get a great CX

With this exercise, the state’s new council of ministers — 33 cabinet and 10 state — has hit the maximum limit, capped at 15 per cent of the Vidhan Sabha strength of 288.

Maran was ranked 43rd on the pan-India IIFL Wealth Hurun India Rich List 2019, released in September.

Ambassador of France to India Emmanuel Lenain says CAA is a domestic issue, assures Paris is firm over FATF action against Pak, insists Rafale row was linked to Indian politics and that planes are on schedule, and hopes for ‘good news’ on the Jaitapur n-units

The hearing on the execution of death warrants against the four had gained pace last year, after the victim’s mother moved an application to shift the case from a vacant court, where the matter remained unheard for months.

Underscoring the importance of coordinated action and the need to avoid overlaps in efforts of stakeholders, Modi said there was need to form crisis management groups at the district level and appoint district surveillance officers.

The presence of antibodies would mean the person is immune to the virus. The antibody test happens to be a faster alternative to the direct test, known as Polymerase Chain Reaction (PCR), in which throat or nasal swabs are taken.

At a time when the government’s finances have gone completely haywire, it is also the duty of every tax official—indeed, all bureaucrats—to see how best some of the shortfall can be made up.

The British car manufacturer unveiled the first car that it will retail in India - the MG Hector - on Wednesday.

The Kia Seltos is based on the same platform as that of the Hyundai Creta. However, it will be slightly bigger, offer more space on the inside, have better equipment list along with more powerful engines.

The fourth-generation Honda City completes two months in the Express Drives long term fleet. Here are this C-segment sedan's pros and cons explained in images.

The Kia Seltos compact SUV is going to launch in India on August 22nd this year. It is based on the same platform as that of the Hyundai Creta. Upon launch, in addition to competing against the Hyundai Creta, the Seltos will also pitch against the likes of Tata Harrier and MG Hector.

The Maruti Suzuki XL6 has been priced in-between range of Rs 9.79 lakh to Rs 11.46 lakh (ex-showroom).

Bajaj Chetak electric has been launched in India under Urbanite brand that will sell only electric vehicles by the company. Here is a detailed image gallery of the Chetak electric from the launch venue along with range, expected price and lots more.

The next-generation Hyundai Creta will get a completely revised exterior and interior design. Not only this but the engine line-up of this compact SUV will also undergo a complete transformation.

Check out the detailed image gallery of the new 2020 Hyundai Creta.