At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget

[Business-Standard]( Daily Newsletter 1 February 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 46285.77 (-588.59) [NIFTY]( 13634.60 (-182.95) GOLD (MCX 10 GM) 49106.00 (482.00) SILVER (MCX 1 KG) 69765.00 (2170.00) USD ($) / INR(Rs) 73.03 (0.08) Front Page [At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget]( Since the collections were till 6 pm on January 31, some more money is expected to come into the government coffers for the month [Premium Content][Budget 2021: All eyes will be on the package FM unveils for state-run banks]( A status check on the consolidation of four sets of state-run banks offers clues to the hard decisions that are needed, write Abhijit Lele and ... [FM's 'economic vaccine' coming; will Budget go beyond 'bahi-khata'?]( The emphasis of the budget is likely to be on the revitalisation of durable consumption impulses at the current juncture as the supply-side ... [Premium Content][Recapitalisation plan in the works for India Post Payments Bank]( Viability plan includes Rs 2,000-crore infusion [Premium Content][Zero-trust defence can help India shield world from cyberattacks: Google VP]( With cyberattacks rising due to coronavirus and firms becoming vulnerable as employees WFH, Google is betting big on its zero-trust platform ... [Premium Content][Should 'private Cryptocurrencies' be banned in India? Experts' take]( The RBI's official digital currency, also called Central Bank Digital Currency, has been in the works for a while [Premium Content][Lupin plans expansion, aims to enter Chinese market in the next one year]( The company has now decided to focus on specialty drugs. The annual price cuts made the Japanese generics market unattractive [Premium Content][After a year of battling Covid, signs that India may not face second wave]( Some experts caution there is still a large fraction of our population, mainly outside the major cities, that remains susceptible to the virus. ... [AI impact: Tech Mahindra to cut BPO staff by 5,000 despite rising revenues]( Company executives said there is a 'non-linearity' between revenue growth and overall headcount [Premium Content][Lava plans to turn up the heat on Chinese brands, aims to ramp up headcount]( Expansion of distribution network, venturing into new markets, supplementing production capacity, and ramping up workforce are all on the cards Companies [Premium Content][ReNew Power to raise $460 mn in green bonds to finance domestic debt]( ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure [Premium Content][FMCG firms start seeing growth in urban India after months of Covid grief]( December quarter shows improvement in sales from cities [Premium Content][Legacy insurers can't go digital overnight, says Oracle's Prasad Rai]( Insurers will also need to introspect and bring about changes internally, according to PRASAD RAI, vice-president, Global Strategic Clients ... [Premium Content][Goblet full for big wineries, small ones hit rock bottom amid Covid-19]( Indian wine companies have necessarily had to adapt to the new normal of markets and consumer behaviour. [» Read More Stories in Companies]( Economy & Policy [RBI may not tinker with key rate, will keep accommodative stance: Experts]( The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on ... [India's rural demand seen ebbing in 2021-22, urban may come to the rescue]( Rural demand, which has drived consumption growth and helped the economy remain afloat since 2018-19, may drop due to the falling prices of farm ... [Govt may give Cairn oil field instead of paying $1.4 billion: Sources]( The government may give Cairn Energy one of the surrendered oil fields such as Ratna R-Series in lieu of the USD 1.4 billion it has pay to the ... [Premium Content][Headwinds to exports raise fears of stifled India growth story]( The problems of moving cargo to the destinations continue. Containers are not easily available in time as there aren't enough vessels sailing to ... [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [Capri Global]( 364.60 -0.30 [Cummins India]( 666.55 4.62 BSE TOP GAINERS Company Price (Rs) Change (%) [IIFL Finance]( 146.90 19.97 [Shriram Trans.]( 1291.65 16.22 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Havells India]( 1044.45 -11.70 [KEI Industries]( 464.15 -6.83 [Premium Content][Q4 recovery, debt reduction likely to drive gains for UPL: Analysts]( December quarter was impacted by currency headwinds, dry weather in the key LatAm market [Premium Content][Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer]( The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020. [Premium Content][India Inc's profit contribution to GDP at two-decade low, shows data]( The earnings per share (EPS) for Nifty companies was Rs 416 in FY17. [Premium Content][Expect Budget to be positive for capex-driven sectors, says Amish Shah]( Capex as a percentage of Budget expenditure was 18 per cent in FY17 and FY19. Now, it has come down to 16 per cent… There is scope for capex ... [Mutual Fund investment in REITs jumps six-fold to Rs 3,972 cr in 2020]( REIT seems to have finally gaining popularity among investors, with mutual funds investing a staggering Rs 3,972 crore in such units in 2020, a ... [» Read More Stories in Markets]( Opinion [Premium Content][Fiscal activism]( Govt should tread carefully on this path [Premium Content][Knee-jerk shutdowns]( India has a dubious record of net disruptions [Premium Content][Staring at an abyss]( Do India's laws governing the internet need revolutionary change? [Premium Content][Occupy Wall Street 2.0]( The GameStop saga has opened up a new frontier of anger against the financial elites. It is Occupy 2.0 with a big difference [Premium Content][Thoughts on Budget and monetary policy]( Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even ... [» Read More Stories in Opinion]( Finance [Premium Content][Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay]( Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers [Premium Content][After RBI's paper on new regulatory framework, what next for NBFCs?]( Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion [Premium Content][The BIC's time to resolve recap issues is now]( Inadequately capitalised banks will face problems in increasing their credit portfolios. A credit squeeze on account of banks' balance-sheet ... [IndusInd Bank looks to grow loan book by 15-18% for next 2 financial years]( The roll-out of planning cycle (2020-2023) with a strategy of "scale with sustainability" was postponed by a couple of quarters due to the ... [» Read More Stories in Finance]( Technology [Xiaomi working on smart glass with detection, therapeutic properties]( Chinese smartphone maker Xiaomi has reportedly patented a smart glass that can integrate detection and treatment [Samsung confirms it is working on rollable and slidable displays]( South Korean tech giant Samsung has confirmed that it is working on rollable and slidable screens [Apple iPhone 13 may come with optical in-display fingerprint sensor]( Apple is reportedly planning to launch iPhone 13 lineup next year and now a new report has claimed that the upcoming series may come with an ... [WhatsApp expands Status messaging to UK, US to reassure users about privacy]( WhatsApp has now expanded its 'commitment to your privacy' message to the users in the US and UK as well. [» Read More Stories in Technology]( PF [Premium Content][Make jewellers partners in gold deposit scheme]( The number of places where gold can be tendered is limited and the staff there is ill-trained, making the scheme a non-starter [Premium Content][Watch out for changes in style, mandate if a new fund manager takes over]( Sebi's rule of one fund per category can trigger merger and reclassification of schemes after a takeover [» Read More Stories in PF]( Beyond Business [Economic pieties]( Book review of Religion and the Rise of Capitalism [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===Bzank===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe