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Indian auto industry, along with its global peers, continues to face issues in the supply of semi-conductors. In fact, commenting on auto sales and registrations during February, two prominent industry bodies highlighted the issue of unavailability of semi-conductors. Ratings agency CRISIL, however, feels the shortfall in semi-conductors would remain till the first quarter of FY2022 before the supply is normalised.
According to data from the Society of Indian Automobile Manufacturers (SIAM) while the sales numbers in February are encouraging, on a cumulative basis, there is a decline. Between April 2020 and February 2021, total 161,42,637 units were sold compared with 197,65,500 units sold in the same period a year ago, it says.
The department of financial services (DFS) under the ministry of finance has issued a ‘written request’ to market regulator Securities and Exchange Board of India (SEBI) to withdraw its revised guidelines for treating all perpetual bonds to be considered as with 100-year maturity.
Stock Exchanges; Disaster Recovery and Crisis Management
Moneylife Digital Team
0 24th February trading halt was a disaster even if you do not have a definition about what is a disaster for a stock exchange. If you think that is not a disaster, then pretty much nothing is a disaster after that. The exchange has to go to the disaster recovery (DR) site within two hours and also work on reviving main site. If the largest exchange does not want inter-operability, vendors and brokers will also not want it. Everyone says I have done it but no one has done it. And nobody checks it. Nothing happens to them if they do not comply with the regulations.
Financial institutions (FI) and development banks (DB) are likely to issue record volumes of bonds designed to fund sustainability objectives in 2021, according to a report by Moody s Investors Service.