Welcome to ABK & Co

A Trusted Business Consultants

“Whether you are looking for great services ---- or a gratifying career Agrawal B. Kumar & Co. offers a world of possibilities.”

Agrawal B. Kumar & Co., Chartered Accountants, was established in 1981 with the objective of providing value added services in various fields. The firms’ beliefs and values have been the corner stone’s on which it has built a durable edifice.

Our firm has been Peer Reviewed by The Institute of Chartered Accountants of India. We represent the spectrum of knowledge and experience in the fields of Direct Tax, Indirect Tax, Corporate Laws, IFRS, FEMA, RBI, Accounting & Auditing, Advisory Services, Project Report & Financing, Mergers & Acquisitions, Business Process Outsourcing, Secretarial Work, Compliance Services, Internal & Management audit, Society and Trust, System and Data Processing.

Know More

Latest Buzz

Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011
Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011 Air India Calicut Airport Crash: Just last year, there was scare at the airport, again involving an Air India Express flight.

Posted on 7 August 2020 | 10:34 pm

Mindspace Business Parks REIT zooms over 10% in debut trade
Mindspace Business Parks REIT zooms over 10% in debut trade The Rs 4,500-crore public issue of Mindspace Business Parks REIT was subscribed nearly 13 times late last month.

Posted on 7 August 2020 | 10:17 pm

New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road
New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road The train is presently planned with ten parcel vans with a total capacity to carry 238 tonnes of cargo.

Posted on 7 August 2020 | 10:08 pm

Nomura Investment, Capital Income Builder acquire 1.9% stake in Mindspace REIT
Nomura Investment, Capital Income Builder acquire 1.9% stake in Mindspace REIT Mindspace REIT listed with a double digit premium at Rs 304 on the BSE and closed at Rs 303.87, a 10.5 percent premium over issue price of Rs 275 per unit

Posted on 7 August 2020 | 10:04 pm

Cipla Q1 profit jumps 27% YoY to Rs 566 crore, beats analysts#39; expectations
Cipla Q1 profit jumps 27% YoY to Rs 566 crore, beats analysts#39; expectations The North America business fell 9 percent YoY but grew 19 percent sequentially to Rs 1,021 crore in Q1 FY21

Posted on 7 August 2020 | 9:19 pm

Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka
Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka Goenka said MM is keen on becoming a significant player in the EV space with Mahindra Electric on one side and its Italy-based arm Automobili Pininfarina (APF) with its high-end models on the other end.

Posted on 7 August 2020 | 9:12 pm

Air India Express Crash | IX 1344 Live Updates: Death toll mounts to 15 as rescue operations continue
Air India Express Crash | IX 1344 Live Updates: Death toll mounts to 15 as rescue operations continue There were 190 people on board, out of which 174 were adults, 10 children, 2 pilots and 4 cabin crew. Catch the LIVE Updates here:

Posted on 7 August 2020 | 9:10 pm

Scientists look beyond antibodies in coronavirus immunity hunt
Scientists look beyond antibodies in coronavirus immunity hunt One hypothesis is that these T cells might help give people a level of cross-immunity protection from COVID-19 because they "remember" previous infections by other viruses in the same family, four of which cause common colds.

Posted on 7 August 2020 | 9:03 pm

Air India Express crash: Plane carrying over 180 passengers skids off runway while landing at Kozhikode
Air India Express crash: Plane carrying over 180 passengers skids off runway while landing at Kozhikode The aircraft reportedly overshot the runway, following which it split into two.

Posted on 7 August 2020 | 8:53 pm

Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact
Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact Revenue during the quarter fell 59.5 per cent to Rs 1,260 crore from Rs 3,110 crore in the year-ago period, driven by the closure of all factories and project sites on account of COVID-19.

Posted on 7 August 2020 | 8:46 pm

Digital premiere is trending in Bengali film industry, SVF skips theatrical release for #39;Detective#39;
Digital premiere is trending in Bengali film industry, SVF skips theatrical release for #39;Detective#39; SVF Entertainment, one of the leading media and entertainment companies in eastern India, is skipping theatrical release for its new venture.

Posted on 7 August 2020 | 8:38 pm

Coronavirus wrap August 7 | Centre permits OCI card-holders from certain countries to enter India; MP relaxes night curfews
Coronavirus wrap August 7 | Centre permits OCI card-holders from certain countries to enter India; MP relaxes night curfews Globally, more than 1.9 crore infections and over 7 lakh deaths have been reported due to the COVID-19 outbreak.

Posted on 7 August 2020 | 8:31 pm

Copper futures slip 1.22% to Rs 509.65/kg on demand concerns
Copper futures slip 1.22% to Rs 509.65/kg on demand concerns In the futures market, copper for August delivery touched an intraday high of Rs 514 and a low of Rs 508.20 per kg on the MCX.

Posted on 7 August 2020 | 8:21 pm

International Flights| Centre allows OCI card holders from US, UK, Germany, France to visit India
International Flights| Centre allows OCI card holders from US, UK, Germany, France to visit India India so far has bilateral air travel arrangements or #39;air bubbles#39; with the US, UK, Germany and France during the coronavirus pandemic-related international travel restrictions.

Posted on 7 August 2020 | 8:17 pm

Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore
Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore ABCL said the profit during April-June was higher than Rs 144 crore in the preceding March quarter and it provided Rs 62 crore as COVID-19 provisions on its lending businesses during the period under review.

Posted on 7 August 2020 | 8:07 pm

RBI#39;s loan restructuring a Hobson#39;s choice amid current banking economic situation: Sujan Hajra of Anand Rathi
RBI#39;s loan restructuring a Hobson#39;s choice amid current banking  economic situation: Sujan Hajra of Anand Rathi The biggest announcement of the monetary policy was the resolution plan for loans (both corporate and retail), which were otherwise healthy but got stressed due to the pandemic.

Posted on 7 August 2020 | 11:05 am

3-Point Analysis | RBI Monetary Policy: What’s in store for borrowers and depositors?
3-Point Analysis | RBI Monetary Policy: What’s in store for borrowers and depositors? Moneycontrol#39;s Sakshi Batra does a 3-Point Analysis on RBI#39;s second bi-monthly policy of FY21 and what it means for borrowers and depositors.

Posted on 6 August 2020 | 9:25 pm

COVID-19 wrap Aug 6: Centre releases 2nd tranche of COVID-19 package; fire at Ahmedabad COVID hospital kills 8
COVID-19 wrap Aug 6: Centre releases 2nd tranche of COVID-19 package; fire at Ahmedabad COVID hospital kills 8 Globally, there are 1.86 crore confirmed cases of the infection and over 7 lakh people across the world have lost their lives due to the virus.

Posted on 6 August 2020 | 9:10 pm

Big Story | India#39;s services activity contracts for 5th straight month
Big Story | India#39;s services activity contracts for 5th straight month What does the prolonged and significant downturn in India#39;s services activity indicate and will things get better in the coming months?

Posted on 6 August 2020 | 7:40 pm

With RBI maintaining accommodative stance, experts see another 50 bps repo rate cut in FY21
With RBI maintaining accommodative stance, experts see another 50 bps repo rate cut in FY21 Amar Ambani of YES Securities also sees scope for further 50 basis points drop in rates from current level.

Posted on 6 August 2020 | 4:22 pm

RBI policy good for banks; one-time loan restructuring increase in LTV for gold loans strong steps: Experts
RBI policy good for banks; one-time loan restructuring  increase in LTV for gold loans strong steps: Experts Experts feel the status quo on policy rate was on expected lines given the already 115 bps repo rate cut announced in previous two policy meetings and current higher inflation levels.

Posted on 6 August 2020 | 3:11 pm

Centre releases Rs 890 crore as 2nd tranche of package for COVID-19 health system preparedness
Centre releases Rs 890 crore as 2nd tranche of package for COVID-19 health system preparedness Those who received financial assistance in the second instalment include Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Telangana, Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Punjab, Tamil Nadu, West Bengal, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram and Sikkim, the ministry said.

Posted on 6 August 2020 | 2:35 pm

Announced in Budget 2020, Kisan Rail to begin services from August 7
Announced in Budget 2020, Kisan Rail to begin services from August 7 Finance Minister Nirmala Sitharaman had announced this initiative in her Budget speech earlier this year envisaging setting up of a #39;Kisan Rail#39; through the public-private-partnership (PPP) mode for a cold supply chain to transport perishable goods.

Posted on 6 August 2020 | 1:55 pm

Read the full statement of RBI governor Shaktikanta Das on monetary policy
Read the full statement of RBI governor Shaktikanta Das on monetary policy Read the full statement of RBI governor Shaktikanta Das

Posted on 6 August 2020 | 1:14 pm

RBI to introduce online dispute resolution mechanism for digital payments
RBI to introduce online dispute resolution mechanism for digital payments Reserve Bank of India’s Governor Shaktikanta Das has announced introduction of an online dispute resolution mechanism for digital payments.

Posted on 6 August 2020 | 1:03 pm

RBI Monetary Policy: MPC keeps repo rate unchanged at 4%
RBI Monetary Policy: MPC keeps repo rate unchanged at 4% The MPC had convened for this three-day meeting on August 4-6.

Posted on 6 August 2020 | 12:03 pm

Former RBI governor Raghuram Rajan says India needs to look beyond what rating agencies think
Former RBI governor Raghuram Rajan says India needs to look beyond what rating agencies think "It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

Posted on 6 August 2020 | 11:48 am

Indian Railways announces 5% discount for container train movement
Indian Railways announces 5% discount for container train movement The discounted price will be valid from August 4 to the remaining part of this fiscal year i.e. April 3, 2021.

Posted on 6 August 2020 | 10:45 am

Gig workers may soon be brought under social security schemes: Report
Gig workers may soon be brought under social security schemes: Report The move is expected to benefit thousands of gig workers associated with delivery startups as well as driver-partners of cab aggregators.

Posted on 6 August 2020 | 10:24 am

EXCLUSIVE | QA: Viral Acharya on why he quit RBI, central bank#39;s autonomy, banking sector problem and more
EXCLUSIVE | QA: Viral Acharya on why he quit RBI, central bank#39;s autonomy, banking sector problem and more Acharya, who quit six months ahead of his term following major differences with the government on a range of issues including fiscal encroachment on RBI’s autonomy, recently released his book ‘Quest for Restoring Financial Stability in India’ published by Sage publications.

Posted on 6 August 2020 | 10:07 am

Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011
Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011 Air India Calicut Airport Crash: Just last year, there was scare at the airport, again involving an Air India Express flight.

Posted on 7 August 2020 | 10:34 pm

Mindspace Business Parks REIT zooms over 10% in debut trade
Mindspace Business Parks REIT zooms over 10% in debut trade The Rs 4,500-crore public issue of Mindspace Business Parks REIT was subscribed nearly 13 times late last month.

Posted on 7 August 2020 | 10:17 pm

New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road
New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road The train is presently planned with ten parcel vans with a total capacity to carry 238 tonnes of cargo.

Posted on 7 August 2020 | 10:08 pm

Nomura Investment, Capital Income Builder acquire 1.9% stake in Mindspace REIT
Nomura Investment, Capital Income Builder acquire 1.9% stake in Mindspace REIT Mindspace REIT listed with a double digit premium at Rs 304 on the BSE and closed at Rs 303.87, a 10.5 percent premium over issue price of Rs 275 per unit

Posted on 7 August 2020 | 10:04 pm

Cipla Q1 profit jumps 27% YoY to Rs 566 crore, beats analysts#39; expectations
Cipla Q1 profit jumps 27% YoY to Rs 566 crore, beats analysts#39; expectations The North America business fell 9 percent YoY but grew 19 percent sequentially to Rs 1,021 crore in Q1 FY21

Posted on 7 August 2020 | 9:19 pm

Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka
Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka Goenka said MM is keen on becoming a significant player in the EV space with Mahindra Electric on one side and its Italy-based arm Automobili Pininfarina (APF) with its high-end models on the other end.

Posted on 7 August 2020 | 9:12 pm

Air India Express Crash | IX 1344 Live Updates: Death toll mounts to 15 as rescue operations continue
Air India Express Crash | IX 1344 Live Updates: Death toll mounts to 15 as rescue operations continue There were 190 people on board, out of which 174 were adults, 10 children, 2 pilots and 4 cabin crew. Catch the LIVE Updates here:

Posted on 7 August 2020 | 9:10 pm

Scientists look beyond antibodies in coronavirus immunity hunt
Scientists look beyond antibodies in coronavirus immunity hunt One hypothesis is that these T cells might help give people a level of cross-immunity protection from COVID-19 because they "remember" previous infections by other viruses in the same family, four of which cause common colds.

Posted on 7 August 2020 | 9:03 pm

Air India Express crash: Plane carrying over 180 passengers skids off runway while landing at Kozhikode
Air India Express crash: Plane carrying over 180 passengers skids off runway while landing at Kozhikode The aircraft reportedly overshot the runway, following which it split into two.

Posted on 7 August 2020 | 8:53 pm

Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact
Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact Revenue during the quarter fell 59.5 per cent to Rs 1,260 crore from Rs 3,110 crore in the year-ago period, driven by the closure of all factories and project sites on account of COVID-19.

Posted on 7 August 2020 | 8:46 pm

Digital premiere is trending in Bengali film industry, SVF skips theatrical release for #39;Detective#39;
Digital premiere is trending in Bengali film industry, SVF skips theatrical release for #39;Detective#39; SVF Entertainment, one of the leading media and entertainment companies in eastern India, is skipping theatrical release for its new venture.

Posted on 7 August 2020 | 8:38 pm

Coronavirus wrap August 7 | Centre permits OCI card-holders from certain countries to enter India; MP relaxes night curfews
Coronavirus wrap August 7 | Centre permits OCI card-holders from certain countries to enter India; MP relaxes night curfews Globally, more than 1.9 crore infections and over 7 lakh deaths have been reported due to the COVID-19 outbreak.

Posted on 7 August 2020 | 8:31 pm

Copper futures slip 1.22% to Rs 509.65/kg on demand concerns
Copper futures slip 1.22% to Rs 509.65/kg on demand concerns In the futures market, copper for August delivery touched an intraday high of Rs 514 and a low of Rs 508.20 per kg on the MCX.

Posted on 7 August 2020 | 8:21 pm

International Flights| Centre allows OCI card holders from US, UK, Germany, France to visit India
International Flights| Centre allows OCI card holders from US, UK, Germany, France to visit India India so far has bilateral air travel arrangements or #39;air bubbles#39; with the US, UK, Germany and France during the coronavirus pandemic-related international travel restrictions.

Posted on 7 August 2020 | 8:17 pm

Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore
Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore ABCL said the profit during April-June was higher than Rs 144 crore in the preceding March quarter and it provided Rs 62 crore as COVID-19 provisions on its lending businesses during the period under review.

Posted on 7 August 2020 | 8:07 pm

Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011
Air India Calicut Airport Crash: Kozhikode airport was marked #39;risky#39; by government in 2011 Air India Calicut Airport Crash: Just last year, there was scare at the airport, again involving an Air India Express flight.

Posted on 7 August 2020 | 10:34 pm

New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road
New Kisan Rail saves 15 hours, Rs 1000 per tonne in transporting perishables than by road The train is presently planned with ten parcel vans with a total capacity to carry 238 tonnes of cargo.

Posted on 7 August 2020 | 10:08 pm

Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka
Mahindra eyeing strategic partnership in electric vehicles business: Pawan Goenka Goenka said MM is keen on becoming a significant player in the EV space with Mahindra Electric on one side and its Italy-based arm Automobili Pininfarina (APF) with its high-end models on the other end.

Posted on 7 August 2020 | 9:12 pm

Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact
Siemens reports Rs 2 crore loss in June quarter due to COVID-19 impact Revenue during the quarter fell 59.5 per cent to Rs 1,260 crore from Rs 3,110 crore in the year-ago period, driven by the closure of all factories and project sites on account of COVID-19.

Posted on 7 August 2020 | 8:46 pm

Copper futures slip 1.22% to Rs 509.65/kg on demand concerns
Copper futures slip 1.22% to Rs 509.65/kg on demand concerns In the futures market, copper for August delivery touched an intraday high of Rs 514 and a low of Rs 508.20 per kg on the MCX.

Posted on 7 August 2020 | 8:21 pm

Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore
Aditya Birla Capital Q1 net profit down 27% at Rs 198 crore ABCL said the profit during April-June was higher than Rs 144 crore in the preceding March quarter and it provided Rs 62 crore as COVID-19 provisions on its lending businesses during the period under review.

Posted on 7 August 2020 | 8:07 pm

Zinc futures steady at Rs 191.05 per kg in evening trade, Axis Securities sees further weakness
Zinc futures steady at Rs 191.05 per kg in evening trade, Axis Securities sees further weakness The value of August and September contracts traded so far is Rs 824.55 crore and Rs 8.20 crore, respectively.

Posted on 7 August 2020 | 7:52 pm

Big Story | Will startups benefit from RBI#39;s move to revise priority sector lending norms?
Big Story | Will startups benefit from RBI#39;s move to revise priority sector lending norms? How does the priority sector lending work and will this move help startups?

Posted on 7 August 2020 | 7:43 pm

NEP 2020 can seal Rs 18-lakh hole in Indian students’ wallets
NEP 2020 can seal Rs 18-lakh hole in Indian students’ wallets If they prefer domestic institutes to foreign universities, their annual savings could touch that amount. Academic fees, insurance and travel expenses, which set them back by a good amount now, can be saved.

Posted on 7 August 2020 | 7:39 pm

Wall Street opens lower on Sino-US tensions, slowing jobs growth
Wall Street opens lower on Sino-US tensions, slowing jobs growth The Dow Jones Industrial Average fell 65.30 points, or 0.24 percent, at the open to 27,321.68.

Posted on 7 August 2020 | 7:28 pm

India#39;s forex reserves rise by $11.9 billion to over $534 billion in July 31 week
India#39;s forex reserves rise by $11.9 billion to over $534 billion in July 31 week The reserves had crossed the half-a-trillion dollar mark for the first time in the week-ended June 5, after it had risen by $8.22 billion to $501.70 billion

Posted on 7 August 2020 | 6:46 pm

US adds 1.8 million jobs in July, unemployment rate falls to 10.2%: Govt
US adds 1.8 million jobs in July, unemployment rate falls to 10.2%: Govt The unemployment rate fell to 10.2 percent from 11.1 percent in June, still slightly worse than the depth of the global financial crisis in October 2009.

Posted on 7 August 2020 | 6:28 pm

PM Modi to inaugurate Chennai-Andaman Nicobar submarine cable project on August 10
PM Modi to inaugurate Chennai-Andaman  Nicobar submarine cable project on August 10 A submarine communications cable is a cable laid on the seabed between land-based stations to transmit telecommunication signals across stretches of ocean and sea.

Posted on 7 August 2020 | 6:22 pm

Gold prices hit fresh high of Rs 56,126, silver up Rs 1,396
Gold prices hit fresh high of Rs 56,126, silver up Rs 1,396 All eyes today will be on the US non-farm payroll data. If the numbers are better than expected, it can trigger volatility in gold.

Posted on 7 August 2020 | 6:16 pm

Pfizer signs deal to manufacture and supply Gilead#39;s remdesivir for COVID-19 treatment
Pfizer signs deal to manufacture and supply Gilead#39;s remdesivir for COVID-19 treatment The US drugmaker would provide contract manufacturing services at its facility in Kansas to produce the drug.

Posted on 7 August 2020 | 6:07 pm


Compliance Calendar

test

Su M Tu W Th F Sa

© 2017 Agrawal B.Kumar & Co