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Articles for Fy20

At 27% Mumbai witnesses the highest coworking rental growth since FY20
9 months, 1 week ago

At 27% Mumbai witnesses the highest coworking rental growth since FY20

Hindustan Times  

Mumbai has seen the highest coworking average monthly rental growth of 27% in the last four years followed by Gurugram at 19%, a new report by MyHQ by Anarock has said. Mumbai has seen the highest coworking average monthly rentals growth of 27% in the last four years followed by Gurugram at 19%, a new report by MyHQ by Anarock …

Growth Mumbai Office Report Gurugram Month Average
Byju’s FY21 losses widen after change in revenue recognition
2 years, 3 months ago

Byju’s FY21 losses widen after change in revenue recognition

Live Mint  

Think and Learn Pvt. Ltd, the parent of edtech major Byju’s, said its loss widened sharply to ₹4,588.75 crore for the year ended 31 March 2021 from ₹231.69 crore in the previous year as the company changed its accounting standard that delayed the recognition of revenues. Co-founder Byju Raveendran blamed the company’s losses on changes in accounting rules that determine …

Change Company Revenue Crore Its Loss Fy20 Revenue Recognition
I-T department relaxes time till February 2022 for taxpayers to complete verification of FY'20 ITRs
2 years, 11 months ago

I-T department relaxes time till February 2022 for taxpayers to complete verification of FY'20 ITRs

The Hindu  

Taxpayers who have not e-verified their ITRs for 2019-20 fiscal can complete the verification process by February 28, 2022, as the Income Tax department has given a one-time relaxation to assessees. As per law, an income tax return, filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through demat account, …

Bengaluru Tax Verification Process Cpc Itr Return
Data | How regional parties in India are funded?
3 years ago

Data | How regional parties in India are funded?

The Hindu  

About 55% of the funds received by regional parties in FY20 were from unknown sources, an analysis of the Association for Democratic Reforms shows. The total income for the selected regional parties in FY20 amounted to ₹803.24 crore, of which 55% was from unknown sources. Click to remove AMP mode Party-wise share The chart plots the total income of select …

India Parties Income Regional Parties Jammu Received Total
Data | How did Central Public Sector Enterprises perform in FY2020?
3 years, 3 months ago

Data | How did Central Public Sector Enterprises perform in FY2020?

The Hindu  

Financial Year 2020, the one-year period just before the national lockdown was announced, was relatively worse for Central Public Sector Enterprises in terms of profits and employment. Profit and loss Close to 66.8% of the CPSEs made profits in FY20 — the lowest share in the last five years. Double blow The aggregate net profit of profit-making CPSEs reduced from …

Loss Profit Crore Bsnl Fy18 Fy20 Cpses
School enrolment up by 4.2 mn in FY20
3 years, 5 months ago

School enrolment up by 4.2 mn in FY20

Live Mint  

New Delhi: Indian schools taught 265 million students in 2019-20, at least 4.2 million more than the year-ago period, while the number of teachers rose by 250,000 during the period, the union education ministry on Thursday said in its Unified District Information System for Education report 2019-20. Including pre-primary students enrolled in formal schools, the “total enrolment of all the …

Education School Schools Million Secondary Enrolment Udise
No tax on covid-related aid for recipients, says FinMin
3 years, 5 months ago

No tax on covid-related aid for recipients, says FinMin

Live Mint  

New Delhi: The government won’t levy any income tax on financial aid received by an individual from an employer or others for treatment of covid-19, the finance ministry said on Friday. In addition, any financial assistance received by family members of a person who has died from the viral disease will not be subject to income tax, the ministry said. …

Tax Relief Financial Assistance Family Members Aid Extended 30 September
Income Tax Return or ITR for FY20 Can Be Filed Till May 31. Know Details
3 years, 7 months ago

Income Tax Return or ITR for FY20 Can Be Filed Till May 31. Know Details

News 18  

In the wake of severe Covid-19 pandemic, the Central Board of Direct Taxes has decided to extend timelines of various tax compliance dates on Saturday. “In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that …

Tax Income Act 2021 Cbdt That Section
Axis Bank, TVS Motors, Britannia Industries: Top Stocks For Investors on April 28
3 years, 7 months ago

Axis Bank, TVS Motors, Britannia Industries: Top Stocks For Investors on April 28

News 18  

Amid trends on SGX, Nifty indicate a flat start for a flat to positive opening for Indian benchmark indices on April 28. Axis Bank The company reported a profit of Rs 2,677 crore in Q4 FY21 against a loss of Rs 1,388 crore in the corresponding period last year. Bajaj Finance The company reported a higher consolidated profit at Rs …

Company Revenue Profit Share Crore Reported Its Revenue
Funding from Family Philanthropy in India Triples to Rs 12,000 Cr in FY20: Report
3 years, 9 months ago

Funding from Family Philanthropy in India Triples to Rs 12,000 Cr in FY20: Report

News 18  

Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report. According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly …

Family India Philanthropy Report Cent Family Philanthropy Dasra
Govt extends due date for filing FY20 GST annual returns till March 31
3 years, 9 months ago

Govt extends due date for filing FY20 GST annual returns till March 31

India TV News  

The government on Sunday extended the deadline for filing GST annual returns for 2019-20 fiscal by a month till March 31. “In view of the difficulties expressed by the taxpayers in meeting this time limit, Government has decided to further extend the due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 to March 31, 2021 with …

Tax Annual Gst Gstr
Maruti Suzuki India, Britannia, Punjab National Bank: Top Stocks for Investors Today
3 years, 10 months ago

Maruti Suzuki India, Britannia, Punjab National Bank: Top Stocks for Investors Today

News 18  

The stock market had zoomed for the fifth consecutive day with the indices closing at fresh record highs. Britannia: In its December Quarter results, the company reported a profit of Rs 452.6 crore witnessing an increase of 22.4 percent against Rs 368.9 crore in Q3 FY20. Punjab National Bank: The bank reported an 18.5 percent sequential decline in its profit …

Company Revenue Profit Crore Quarter Yearly Basis Q3 Fy20
Crop insurance claim rejection shot up 900% between FY18 and FY20
3 years, 10 months ago

Crop insurance claim rejection shot up 900% between FY18 and FY20

The Hindu  

The number of farmers’ crop insurance claims that were rejected by insurance companies under the Centre’s flagship Pradhan Mantri Fasal Bima Yojana multiplied 10 times in just two years, according to data provided by Agriculture Minister Narendra Singh Tomar in response to a question in the Rajya Sabha on Friday. The question came from Manas Ranjan Bhunia, Trinamool Congress MP, …

Insurance Claims Crop State Claim Insurance Companies Tomar
Hero MotoCorp, Tata Power, Container Corporation of India: Here are the Top Stocks for Investors on February 5
3 years, 10 months ago

Hero MotoCorp, Tata Power, Container Corporation of India: Here are the Top Stocks for Investors on February 5

News 18  

The Indian stock market is expected to open in the green with the indices hitting new highs during the trading session. Top stocks to look for the day are:Container Corporation of India: The Navratna PSU reported higher consolidated profit at Rs 234.3 crore in Q3FY21 against Rs 180.9 crore in Q3FY20. Tata Power: Reported higher consolidated profit at Rs 318.4 …

India Company Revenue Profit Crore Reported Higher
Union Budget 2021: Govt allocates Rs 73,000 cr to MGNREGA, over 34% less than in FY20
3 years, 10 months ago

Union Budget 2021: Govt allocates Rs 73,000 cr to MGNREGA, over 34% less than in FY20

Firstpost  

The budgetary estimate for MGNREGA for 2020-21 was Rs 61,500 crore. The Centre allocated an additional Rs 40,000 crore as part of the Pradhan Mantri Garib Kalyan Yojana New Delhi: The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme MGNREGA for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore …

Budget Crore Mgnrega
Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
3 years, 11 months ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

Loans Loan Banks Accounts Loan Accounts Ratio Npas
Amazon Internet Services India falls into losses in FY20 even as revenue swells up 58 percent
4 years ago

Amazon Internet Services India falls into losses in FY20 even as revenue swells up 58 percent

Firstpost  

Amazon Internet Services, Amazon’s subsidiary, which undertakes the resale and marketing of Amazon Web Services’ cloud services in India, has shown a net loss of Rs 20 lakh for the financial year ended 31 March 2020 reported business intelligence platform Tofler. On the other hand, the revenues reported for FY20 stood at Rs 4,215.9 crore, up 58 percent from Rs …

India Services Amazon Crore Revenue Swells Tofler
India Inc's Overseas Investments at $12.25 Billion During Apr-Nov: Report
4 years ago

India Inc's Overseas Investments at $12.25 Billion During Apr-Nov: Report

News 18  

Corporate India has invested USD 12.25 billion overseas during the first eight months of the current fiscal, most of which has gone into the firms' wholly-owned subsidiaries in the US, Singapore or the Netherlands, according to data collated by Care Ratings. In the whole of FY20, total foreign direct investment by domestic companies was USD 13 billion, while FDI inflows …

Billion Million Usd Total Fdi
Flipkart Internet sees losses widen to Rs 1,950 crore in FY20
4 years ago

Flipkart Internet sees losses widen to Rs 1,950 crore in FY20

India TV News  

Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents. Its consolidated net total income was at Rs 6,318.7 crore for 2019-20 as against Rs 4,803 crore in the previous financial year, a …

Singapore Financial Crore Flipkart Previous Flipkart Internet
Flipkart narrows loss to Rs 3,150.6 crore in FY20
4 years ago

Flipkart narrows loss to Rs 3,150.6 crore in FY20

India TV News  

Flipkart India, the B2B arm of Walmart-owned Flipkart, has narrowed its losses to Rs 3,150.6 crore during 2019-20 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of Rs 3,836.8 crore for the financial year ended March 31, 2019, documents filed with the corporate affairs ministry showed. "During the financial year ended …

Crore Flipkart Previous Financial
Six changes in FY20 ITR forms that you should know about
4 years ago

Six changes in FY20 ITR forms that you should know about

Live Mint  

If you are thinking of filing your income tax returns now to avoid the last-minute rush, it’s a sensible thing to do. But before you undertake the exercise, it would help to know the changes that the income tax department has made in the notified ITR forms for FY20. “Providing scrip-wise details in FY20 ITR forms is required to be …

Changes Filing Pan Itr Details Forms Fy20
Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore
4 years, 1 month ago

Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore

News 18  

Haridwar-based Patanjali Ayurved Ltd has reported a 21.56 per cent increase in standalone net profit at Rs 424.72 crore for financial year 2019-20, according to data provided by business intelligence platform Tofler. While the company's revenue from operations was at Rs 9,022.71 crore, up 5.86 per cent, for the financial year ended on March 31, 2020. Its total revenue was …

Crore Ramdev Patanjali Patanjali Ayurved Ayurved
Foreign liabilities of MFs fell 18% to $9.6 bn in FY20
4 years, 2 months ago

Foreign liabilities of MFs fell 18% to $9.6 bn in FY20

Live Mint  

Mutual funds in India saw their net foreign liabilities drop by 18% in FY20, a Reserve Bank of India report published on Tuesday showed. Since then, the markets have recovered close to their all-time highs, and foreign assets of mutual funds have also increased, albeit from a low base, as domestic investors parked more money with mutual funds investing outside …

India Indian Mutual Funds Billion Funds Mutual Foreign
Walmart India’s losses widen to ₹299 cr in FY20
4 years, 2 months ago

Walmart India’s losses widen to ₹299 cr in FY20

Live Mint  

New Delhi: Walmart India Private Limited, which operates 28 wholesale stores under the Best Price Modern Wholesale format, reported net loss of ₹299.20 crore for the year ended 31 March, 2020. Walmart India, whose wholesale business was recently acquired by e-commerce major Flipkart Group, had reported a net loss of ₹171.68 crore in FY19, according to financial data accessed by …

Business India Walmart Flipkart Walmart India