India market is recovering after GST, says PepsiCo CEO Indra Nooyi

India market is recovering after GST, says PepsiCo CEO Indra Nooyi Pepsico’s business in India registered a “mid-single digit (volume) growth” during the quarter, she said Chairwoman and chief executive officer (CEO) of PepsiCo, Indra Nooyi, on Tuesday said the consumer market in India was on a recovery path after initial disruptions caused due to […]

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Lead by PSBs, NPAs soar 34.5% in Q3; pain to linger on, claims report

Lead by PSBs, NPAs soar 34.5% in Q3; pain to linger on, claims report Public sector banks had a weaker performance on various indicators, including the key parameter of NPAs and also profitability, according to the agency The issue of impaired assets may be far from over for the banking system as gross non- performing […]

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IT Raid Cases Not to be Processed Under E-assessment: CBDT

IT Raid Cases Not to be Processed Under E-assessment: CBDT The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, the CBDT has said. div class=”textwidget”> It has added that the […]

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PF body proposes decreasing administrative charges for employers

PF body proposes decreasing administrative charges for employers The central board of trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) will discuss a proposal to decrease the administrative charges for employers in a bid to boost social security coverage for the workers later this month. The EPFO has proposed to decrease the administrative charges […]

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‘Revised RBI norms to clean up NPAs in one go’

‘Revised RBI norms to clean up NPAs in one go’ Expressing the government’s firm commitment to deal with the problem of non-performing assets (NPAs), Financial Services Secretary Rajiv Kumar on Tuesday said the Reserve Bank of India’s (RBI’s) revised guidelines would help clean up the bad loan mess in one go within a strict timeframe. […]

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Sebi to meet rating agencies on faster access to default data

Sebi to meet rating agencies on faster access to default data Capital market regulator Sebi will meet credit rating agencies this week to explore ways to have quicker access to information on loan defaults by corporates. With the Reserve Bank of India (RBI) having so far refused to share the sensitive information beyond the banking […]

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