CCI approves of a joint venture between Mahindra & Mahindra and Ford Motor
The Competition Commission of India (CCI) approves the formation of a joint venture between Mahindra & Mahindra and Ford Motor and the
Continue readingBusiness News
National Institute of Financial Management to be renamed as — Arun Jaitley National Institute of Financial Management
The Government of India has decided to rename the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of
Continue reading
Deposit Insurance & Credit Guarantee Corpn. (DICGC) increases — insurance coverage for depositors in all insured banks to Rs 5 lakh
With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a
Continue reading
Walmart owned Flipkart shuts down Jabong to redirect focus on Myntra
As per media reports, Flipkart has shut down the operations of Jabong and the users will now be redirected towards the Myntra
Continue reading
CCI approves proposed combination between Yum Restaurants and Devyani International Ltd.
The Competition Commission of India (CCI) approves the proposed combination between Yum Restaurants (India) Private Limited (YRIPL) and Devyani International Limited (DIL)
Continue reading
Key Highlights of Economic Survey [2019-2020]; Enable Markets, Promote ‘Pro-Business’ Policies and Strengthen ‘Trust’ in the Economy
Meaning of Economic Survey and its significance: Economic Survey is succinct of the annual economic development of the economy keeping all the
Continue reading
Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 – Kolikata Mahila Co-operative Bank Ltd., Kolkata – Extension of Period of Directions
The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise
Continue reading
Paperless Licensing process for Petroleum Road Tankers launched, aim to reduce red tapism
Boost to Digital India Campaign Championing the cause of Digitisation and Modernisation In line with the vision of Prime Minister, Narendra Modi’s
Continue reading
Green Channel combination of ROC Star Investment Trust’s acquisition of equity of Star Health and Allied Insurance Company Ltd. from Snowdrop Capital PTE Ltd. received by CCI
The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition
Continue reading
RBI grants “In-principle” Approval to Shivalik Mercantile Co-operative Bank Ltd. for transition into a Small Finance Bank
The Reserve Bank of India (RBI) has granted “in-principle” approval to Shivalik Mercantile Co-operative Bank Limited (the applicant) for transition into a
Continue reading
Extension of time limit for filing of response to notices issued under S. 142(1) of the Income-tax Act, 1961 under E-assessment Scheme-2019
With a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings
Continue reading
CCI approves acquisition of shares in My Home Industries by My Home Constructions and its affiliates
The Competition Commission of India (CCI) approves acquisition of shares in My Home Industries Private Limited by My Home Constructions Private Limited
Continue reading
Investment in units of Mutual Funds in the name of minor through guardian and ease of process for transmission of units
In order to bring about uniform processes across Asset Management Companies (AMCs) in respect of investments made in the name of a
Continue reading
RBI | Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI)
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto Rs 10,000 with loading only from bank account
Continue reading
Three combinations get automatic approval under CCI Green Channel
The Competition Commission of India (CCI) received the following three Green Channel combinations filed under sub-section (2) of Section 6 of the Competition
Continue reading
Infosys to pay $800,000 to settle “misclassification of workers & tax fraud” dispute in California
Settlement of misclassification of workers & tax fraud dispute against Infosys As reported by PTI, “Infosys” has agreed to pay $800,000 (nearly
Continue reading
RBI | Liquidity Support (LS) Facility – NEFT 24 x 7
In order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in
Continue reading
CCI approves acquisition of stake in Future Supply by Nippon Express
The Competition Commission of India (CCI) approves the acquisition of stake in Future Supply Chain Solutions Limited (Future Supply) by Nippon Express
Continue reading
Availability of National Electronic Funds Transfer (NEFT) System on 24×7 basis
It has been decided that the above facility shall be made available from December 16, 2019, with the first settlement taking place
Continue reading
RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”
The Reserve Bank of India released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”.
Continue reading
