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RBI permits foreign banks' subsidiary to acquire pvt banks

The Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country. It also allowed......

India Inc's global investment shrinks in August

Overseas direct investments by Indian firms declined 49 per cent year-on-year to $1.25 billion in last month, as per RBI data. Investments abroad had amounted to $2.47 billion in August 2013. As......

India Inc's Jul overseas direct investment fell by 53%

Overseas direct investment by Indian companies fell by over 53 per cent year-on-year to $1.16 billion in July 2014, as per RBI data. Investment abroad by Indian firms were at $2.47 billion in July......

Citibank rules out India subsidiary, informs RBI

Citibank has ruled out setting up a subsidiary in India and has officially informed the Reserve Bank of India about its decision.The banking regulator was hoping to convince a few foreign banks to......

RBI to come out with guidelines on foreign banks soon

The Reserve Bank will soon come out with comprehensive guidelines on foreign banks to encourage them to convert into wholly owned subsidiaries and enjoy near-national treatment. "While it will not......
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  Web results for Wos
Foreign Banks

Foreign lenders that had been asking for a change in the priority sector lending (PSL) norms have been left disappointed by the steps taken by the... ...

http://wap.business-standard.com/article/budget/new-psl-norms-not-encouraging-enough-to-take-wos-route-foreign-banks-115030100577_1.html
Titagarh Wagons divests its entire stake in Greysham and Company

Titagarh Wagons has sold its entire holding in its wholly owned subsidiary (WOS) Greysham and Company. Pursuant to this, Greysham and Company has... ...

http://www.indian-commodity.com/corporate/titagarh-wagons-divests-its-entire-stake-in-greysham-and-company.aspx
Reimbursement of Expenses

Taxability of Reimbursement of expenses has always been a contentious issue. In most of the cases, assessee get away with non-taxability of... ...

http://www.caclubindia.com/articles/tds-u-s-195-reimbursement-of-expenses-23125.asp
Result 2014

Comments February 26, 2015 - London The I.M. Skaugen Group (IMSK) had a negative result for 2014 of USD27.1 mill, compared to a positive USD18.4... ...

http://andhranews.net/Business/2015/M-Skaugen-SE-Result-7576.htm
International seminar

| Pioneer A seminar on international trade development and investor awareness — Doing Business with US was organised by ICSI-CCGRT (Centre... ...

http://www.dailypioneer.com/avenues/international-seminar.html

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