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LC DISCOUNTING CHARGES
Explained: ONDC vs Zomato-Swiggy; Fresh round of layoffs at LinkedInThe government-backed Open Network for Digital Commerce (ONDC) is being seen as a serious threat to food-delivery majors Zomato and Swiggy....- Will macro headwinds continue to weigh on Vaibhav Global's financials?VGL’s gross profit margin increased from less than 60% to above 60% after it adopted the deep-discount business model. The difference betwe...
- Meesho's non-discount; crypto bill to ban transfers between exchangesWhen Meesho wrote to its sellers earlier this week about an upcoming sale, the company chose its words carefully, saying it would offer a m...
- Bank loan fraud: ED attaches Rs 166-crore worth assets of Maharashtra companyThe firm is accused of "discounting Letters of Credit or LC (issued by banks) on the basis of forged bills" and the total value of the atta...
- Rakesh Rathi's latest venture creating buzz for facilitating trade finance during the current pandemicMr. Rakesh Rathi dons many hats. He is a chartered account, entrepreneur and a technology enthusiast who has successfully created value for...
- Singals set up companies to divert funds: SFIO chargesheetThe probe revealed that 157 cos were floated by the accused ex-promoters — Brij Bhushan Singal and Neeraj Singal — allegedly for purchasing...
- PNB aftermath: As fraud-wary banks plug the gaps, businesses brace for the unfamiliarLenders are no more relying on SWIFT messages only. Whenever an overseas branch receives an LoU, it is now contacting the Indian bank direc...
- How does one defend India's most-wanted mama, bhanja? An imaginary take on the PNB caseTill last week, ‘buyers’ credit’ was the safest deal. Today, it is the riskiest transaction, thanks to the dealings of Nirav Modi and Mehul...
- 10 smart financial moves to make in 20182017 was undoubtedly the year of equities. Small investors, who took to mutual funds in a big way in 2017, were amply rewarded.
- Government plans to stop RIL from selling crude to Jamnagar refinery"The Oil Ministry is now of the view that sale of crude oil is to be done on arms length basis and therefore cannot be done to an affiliate...
- SBI says no liquidity crunch, but focus on good quality assetsSBI said it is not facing any liquidity crunch and the selectiveness in opening letters of credit facility is part of its strategy to lend ...
- Liquidity crunch: SBI stops discounting LCs issued by other banksSBI has directed its offices to stop discounting letters of credit (LC) other than those opened by SBI and its associate banks.
- Delhi Metro planning multi-level parking systemsDelhi Metro is planning to build multi-level parking systems at three stations in west Delhi for which tenders have been invited.
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