Day: January 7, 2022

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Grasim up 4.6%. Why?

Diversified business entity Grasim Ltd. stock today surged by around 4.6%. The stock closed at 1799.95 on NSE.  Earlier, brokerage agency Motilal Oswal has raised Grasim’s rating from ‘neutral’ to ‘buy’. It sets its target price at Rs. 2050. It said that Grasim’s core business i.e., Viscose staple fiber (VSF) and chemicals segments are improving. …

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Best Stocks To Buy In 2022? Top Electric Vehicle Stocks To Watch

Best Stocks To Buy In 2022? Top Electric Vehicle Stocks To Watch

Stocks to Invest: Exide Industries (Batteries) CMP: Rs. 165.15 Amara Raja Batteries (Batteries) CMP: Rs. 618.80 Grindwell Norton (Silicon Carbide Manufacturer-useful in semiconductor chips) (Auto Parts) CMP: Rs. 1891.45 Carborundum Universal (Silicon Carbide Manufacturer) CMP: Rs. 939.00 Greaves Cotton (Industrial Machinery & Original Equipment Manufacturer) CMP: Rs. 137.05 Endurance Technologies (Auto Parts) CMP: Rs. 1661.80 …

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Centre revises Guidelines for international arrival

All travellers will undergo home quarantine for 7 days and shall undertake RT-PCR test on the 8th day of arrival in India. The Revised Guidelines will come into effect from 11th January 2022 (00.01 Hrs. IST) The Health and Family Welfare Ministry has issued guidelines for the international passengers. The Standard Operating Procedure will come …

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Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases

Government of India Ministry of Health & Family Welfare 5th January 2022 1.  Background Over the past two years, it has been seen globally as well as in India that majority of cases of COVID-19 are either asymptomatic or have very mild symptoms. Such cases usually recover with minimal interventions and accordingly may be managed …

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Breaking: Goods in Transit Cannot Be Seized On The Ground Of Under Valuation [Read Judgement]

Goods in Transit Cannot Be Seized On The Ground Of Under Valuation

In the case of M/s Karnataka Traders vs State of Gujarat, the Gujarat High Court has held that: On careful consideration of the facts and circumstances of the case and the submissions made by the respective advocates for the parties, we find the force in the contention of the learned advocate appearing for the petitioners …

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Finance Smt. Nirmala Sitharaman reviewed the performance of Public Sector Banks (PSBs)

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman reviewed the performance of Public Sector Banks (PSBs) with their Chairmen & Managing Directors (CMDs/MDs) via virtual mode in New Delhi today. The review meeting was also attended by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad and Secretary, Department of Financial Services …

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Nifty above 17800. Sensex adds 140 points. Grasim up 5%

Indian benchmark indices did well amid mixed global cues. Sensex added 142 points to close at 59744.65 points, while Nifty added 66.8 points to end at 17812.7 points. As we discussed in our morning post, volatility dominated today’s trade.  Grasim was the top gainer on the index with 4.48% gains. It was followed by ONGC …

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India achieves 150 Crore Covid-19 Vaccination

The country started the year with vaccination for children in the age group of 15 to 18 years. At the same time, in the first week of the first month of the year, India is also achieving the historic milestone of 150 crore – 1.5 billion vaccine doses: PM @narendramodi

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KPIT Technologies share up 12%. Why?

IT consulting & services company KPIT Technologies up over 12% today. Lately, the stock has been on a fairy tale run. Moreover, the company raised outlook for revenue and profit for FY22. For FY22, it raised both Revenue and Earnings before interest, tax, depreciation and amortization (EBITDA) margin outlook to 20% and 17.5% respectively. That’s …

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Govt opens COVID 19 help desk to support International Trade during pandemic surge

In light of the surge in the COVID cases across the country, Department for Promotion of Industry and Internal Trade (DPIIT) has taken cognizance of the steps taken by various State Governments/UTs to control the spread of COVID cases. Therefore, as a measure of precaution and for supporting our business ecosystem, DPIIT will monitor the …

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Hinduja Global Solutions stock 20% down. Hits Lower Circuit

Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) player Hinduja Global Solutions stock hits lower circuit as it plunges 20%. The company declared a Rs. 150 special dividend along with a bonus issue of 1:1. The record date will be 29 January 2022. However, the decision failed to cheer the shareholders which resulted into heavy …

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ICAI International Conf “Accountants Creating a Digital & Sustainable Economy” Know the latest trends on Fintech

Register for ICAI International Conf “Accountants Creating a Digital & Sustainable Economy” from 20 to 22 Jan 2022 to know the latest trends on Fintech, Role of Accountants in Sustainability, Emerging Avenues for CAs etc. Visit https://ic.icai.org/

Startup Innovation Week to showcase the spread and depth of entrepreneurship across India

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is set to organize the Startup India Innovation Week from January 10th to 16th 2022. This week-long virtual innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread …

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GOVERNMENT POLICY INITIATIVES FOR Micro, Small & Medium Enterprises

“GOVT. POLICY INITIATIVES FOR MSME” The Ministry of Micro, Small and Medium Enterprises (MSME) has implemented various programmes / MSME schemes, policies for the development and promotion of MSMEs Industry across the country. To provide immediate relief to the MSME sector, various announcements (in addition to the various MSME schemes) have been made under the …

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Income-tax: Advisory on Form 3CA-3CD, 3CB-3CD to avoid errors in filing

Clarification on Form 3CA- Form 3CD, Form 3CB- Form 3CD In order to avoid errors in form filing and verification, kindly ensure that following points are considered: 1. Use the latest version of the utility for generating JSON 2. Please re-enter data, if any, in clauses 11, 18, 20, 21, 26 and 34 and generate …

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Nifty trades above 17850. Banking stocks lead the index

Indian benchmark indices trade higher amid mixed global cues. Nifty is around 17850, while the Sensex is around 59979. All of the sectoral indices are in green. Banking stocks lead the index. Oil & Gas and Realty stock are also in focus.  Right now, Grasim is the top gainer with 2.82 % gains, followed by …

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ICAI: OPPORTUNITIES AVAILABLE AFTER COMPLETING CA COURSE

Audit & Assurance/ Income Tax Goods & Services Tax ( GST ) / Corporate Laws/ Accounting & Finance/ Forensic Audit Insolvency Professionals/ Registered Valuers/ Analytics & Cyber Risk Data & Systems Assurance Services/ Educator , Industry , Entrepreneur and Government Services/ 12 MoUs with respective respective Global Institutes for mutual cooperation and 8 MRAS for …

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Pre-Market Information-Reliance, HCL Technologies, Lupin, Titan, and Escorts in focus

Global markets were in red yesterday. However, this morning the Asian markets are showing positive signs. Additionally, the US stock futures are in green. SGX Nifty also showing a gap-up for Indian markets. LUPIN: After Dr. Reddy’s and Aurobindo Labs, Lupin also launches Molnulup, a Covid Drug based on Molnupiravir. ZEE LEARN :Zee learn has …

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Advisory on Revamped Search HSN Code Functionality

GSTN Issues Advisory on Revamped Search HSN Code Functionality

A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. Advisory on Revamped Search HSN Code Functionality The Search HSN functionality was earlier given as a measure of facilitation to the taxpayer to search the Technical Description of any particular HSN code of any goods and/or service used in the Trade, …

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