Top headlines: MPC may go for liquidity cut, experts on retro tax, and more



may opt for cut in liquidity, no rate hike: BS poll


Economists and bond market participants do not expect the committee (MPC) to change its accommodative stance or the on October 8 but they will keenly look for hints on policy normalisation, starting with the removal of excess liquidity. A Business Standard policy poll of 14 leading economists and bond market participants expects the status quo. But their prognosis about other policy outcomes varied widely. The is now at 4 per cent, while the reverse is at 3.35 per cent. Read more





New terms for settling cases may be unwieldy: Experts


The new terms for settling cases, particularly indemnifying the government, could be cumbersome and time-consuming for companies. They may struggle to come to terms with sweeping undertakings and declarations from the board and other shareholders, observed legal and tax experts. Besides, the indemnity bond format provides for any dispute being subject to jurisdiction of Indian courts. This could be another issue for declarants to be comfortable with, they say, adding a declarant may prefer his own home jurisdiction, or at least a neutral one. Read more


Prolonged battle ahead as takes to court


A prolonged legal battle, up to the Supreme Court, may be in the offing as the corporate battle between Enterprises (ZEEL) and institutional investors, led by Invesco, spills over from the boardroom to the high court. Zee announced on Saturday that it moved Bombay High Court against for seeking an extraordinary general meeting (EGM) of shareholders for removing managing director (MD) and chief executive officer (CEO) Punit Goenka and appointing six of its nominees as directors. Read more


Facebook plans to boost investment in Indian innovative start-ups


Facebook is open to making more minority equity investments in Indian start-ups if they are based on innovation and have business models which can go global. Facebook India Managing Director Ajit Mohan, in an interview with Business Standard, said there would be more announcements on investments. Read more


Easing burden: Amount borrowed by non-financial firms fell 5.6% in FY21


The boom in corporate profits and a sharp fall in capex allowed India Inc to ease its debt burden last financial year. The combined borrowing by the top listed companies, excluding banks, insurance, and non-banking financial companies (NBFCs), were down 5.6 per cent year-on-year to Rs 30.8 trillion at the end of FY21 from Rs 32.7 trillion. It is the first decline in actual corporate borrowings in nearly two decades as loan repayments by companies exceeded fresh borrowings. Read more

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Legal Updates/News

High Court sets Nov. 17 execution date for man convicted of killing wife in front of children

JACKSON, Miss. (WLBT) – A man who wishes to speed up his execution has been granted his request by the Mississippi State Supreme Court. The high court recently granted David Cox’s request to dismiss all appeals in his death sentence conviction and set his execution date for November 17, 2021. The court denied Cox’s motion […]

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Legal Updates/News

Supreme Court reverses HC order, Gauri ‘killers’ to face stringent law | India News

NEW DELHI: The Supreme Court on Thursday reversed a Karnataka HC decision and ruled that those accused in the murder case of journalist Gauri Lankesh will face charges under the provisions of the stringent Karnataka Control of Organised Crimes Act (KCOCA) apart from IPC Section 302 and arms and explosives laws. A bench of Justices […]

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Legal Updates/News

Kerala High Court, Kerala High Court Judgement: Can’t Acquit Accused Even If Rape Survivor Of “Easy Virtue”: Kerala High Court

Woman being of easy virtue cannot be reason to absolve, Kerala High Court said. (Representational) Kochi: A woman or girl being of easy virtue or habituated to sexual intercourse cannot be reasons to absolve someone of rape, especially a father who is expected to be the “fortress and refuge” of his daughter, the Kerala High […]

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