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Business News

Business NewsNews

MoF | Documentation Identification Number System of Central Board of Indirect Taxes comes into force

DIN System of CBIC comes into force This path-breaking DIN system in indirect tax administration has been created as per the direction

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Published on November 8, 2019November 8, 2019By Bhumika Indulia
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Business NewsNews

Khadi gets separate unique HS code, export to get a boost

Khadi has once again come out of its customary veil, marking its presence in the exclusive HS code bracket, issued by the

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Published on November 7, 2019November 6, 2019By Bhumika Indulia
Leave a comment2495 views
Business NewsNews

Reserve Bank enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd. to Rs 50,000

It may be recalled that the Reserve Bank of India on October 14, 2019, had permitted the depositors of Punjab and Maharashtra

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Published on November 5, 2019By Bhumika Indulia
Leave a comment1551 views
Business NewsNews

India opts out of Regional Comprehensive Economic Partnership (RCEP); Key issues remain unresolved

India opts out of Regional Comprehensive Economic Partnership (RCEP) As reported by media, India has decided not to join the Regional Comprehensive

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Published on November 5, 2019November 5, 2019By Bhumika Indulia
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Business NewsNews

Reserve Bank announces the opening of first cohort under the Regulatory Sandbox

The Reserve Bank announces the opening of the first cohort under the Regulatory Sandbox. The Reserve Bank announces the opening of the

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Published on November 5, 2019November 7, 2019By Bhumika Indulia
Leave a comment2637 views
Business NewsNews

CCI receives combination notice under green channel scheme by Abu Dhabi Future Energy Company P.J.S.C. – Masdar

The notification relates to the acquisition of a certain stake through equity in Hero Future Energies Global Ltd (“HFE UK”) and non-voting

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Published on October 31, 2019October 31, 2019By Bhumika Indulia
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Business NewsNews

CCI approves acquisition of shareholding in ANI Technologies (P) Ltd. & Ola Electric Mobility (P) Ltd. by Hyundai Motor Co. & Kia Motors Corpn. under S. 31(1) of Competition Act, 2002

The Proposed Combination relates to acquisition of equity stake in ANI and Ola Electric Mobility (OEM) by Hyundai Motor Company (HMC) and

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Published on October 31, 2019October 31, 2019By Bhumika Indulia
Leave a comment2289 views
Business NewsNews

Pension Fund Regulatory and Development Authority permits Overseas Citizen of India to enroll in National Pension Scheme

Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS)

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Published on October 30, 2019November 4, 2019By Bhumika Indulia
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Business NewsNews

RBI imposes monetary penalty on Bandhan Bank, Janata Sahakari Bank Ltd. and Jalgaon Peoples Co-operative Bank Ltd.

Bandhan Bank Limited he Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of

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Published on October 30, 2019October 30, 2019By Bhumika Indulia
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Business NewsNews

World Bank’s Doing Business Report | India’s leap of 14 ranks in Ease of Doing Business — A significant jump

The World Bank released its latest Doing Business Report (DBR, 2020) today on 24th October 2019. India has recorded a jump of

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Published on October 25, 2019October 25, 2019By Bhumika Indulia
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Business NewsNews

CCI approves acquisition of shareholding in Aditya Birla Capital Ltd. by Jomei Investments Ltd.

CCI approves acquisition of 4.15% of the shareholding in Aditya Birla Capital Limited by Jomei Investments Ltd. of Combination under Section 31(1)

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Published on October 25, 2019October 29, 2019By Bhumika Indulia
Leave a comment2970 views
Business NewsNews

CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited

The Competition Commission of India (CCI) has approved Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities

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Published on October 17, 2019October 17, 2019By Bhumika Indulia
Leave a comment1586 views
Business NewsNews

Reserve Bank enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd.

It may be recalled that the Reserve Bank of India on October 03, 2019 had permitted the depositors of Punjab and Maharashtra Cooperative

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Published on October 15, 2019October 15, 2019By Bhumika Indulia
Leave a comment1850 views
Business NewsNews

Competition Commission of India approves Combinations under S. 31(1) of the Competition Act, 2002

CCI approves the acquisition of a shareholding in GMR Airports Limited (“GAL”) by TRIL Urban Transport Private Limited (“TUTPL”), Valkyrie Investment Pte.

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Published on October 14, 2019October 15, 2019By Bhumika Indulia
Leave a comment1786 views
Business NewsNews

CCI receives first green channel combination

The Competition Commission of India (CCI) received the first green channel combination filed under sub-section (2) of Section 6 of the Competition

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Published on October 9, 2019October 9, 2019By Bhumika Indulia
Leave a comment2304 views
Business NewsNews

RBI reduces repo rate by 25 basis points to 5.15% from 5.40%

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today

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Published on October 4, 2019October 4, 2019By Bhumika Indulia
Leave a comment1510 views
Business NewsNews

Reserve Bank Enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to Rs 25,000

It may be recalled that the Reserve Bank of India had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd to

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Published on October 4, 2019October 5, 2019By Bhumika Indulia
Leave a comment3933 views
Business NewsNews

Directions under S. 35A of Banking Regulation Act, 1949 – Hindu Co-operative Bank Ltd., Pathankot, Punjab – Extension

Reserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers

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Published on September 27, 2019September 27, 2019By Bhumika Indulia
1 Comment2691 views
Business NewsNews

RBI increases withdrawal limit for PMC Bank from Rs 1,000 to 10,000

Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra – Relaxation

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Published on September 26, 2019September 26, 2019By Bhumika Indulia
Leave a comment2152 views
Business NewsNews

SEBI constitutes working group on ‘Social Stock Exchanges’ (SSE)

The Hon’ble Finance Minister as part of the Budget Speech for FY 2019-20 had proposed to initiate steps towards creating a social

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Published on September 25, 2019September 25, 2019By Bhumika Indulia
Leave a comment2528 views

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