The new Companies Act that came in to force qualified the money mobilised by jewellery companies as deposits and as a result they had to discontinue such schemes.
Frequent bans on Indian food products by the EU have prompted the Indian government to invite the officials of the EU Food and Veterinary Office to let them assess the food safety standards followed by India.
In the 12-month cycle starting July 2013 and ending June 2014, World Bank had made financial commitments close to $5.2 billion in India.
New players show up after 3 years; northern states take lead in loan growth.
Open market price cools down as chief minister orders cold storages to empty stock by December 15.
Despite Sebi passing at least four orders against deposit-taking entities in the past year alone, the business seems unscathed
The new Bill is a replacement of the Financial Establishments Bill, 2009, with added provisions relating to search, seizure and attachment of properties of such companies.
Firms meet huge redemption pressure after deducting money from principal amount.
A day after about 1,200 media persons from Saradha Group media entities lost their jobs in West Bengal, the state government extended a helping hand. On Wednesday, government officials are set to meet these employees to try and find a resolution to the issue.
Given the hardships faced by the jute mill industry in West Bengal, one of the few surviving manufacturing sectors in the state, industry experts say a strike threat is looming large, which could lead to more lockouts.
Banks need to raise capital to comply with Basel III norms. This mode of raising money gives all shareholders equal investment opportunity.
India pays 55% of the value of oil its imports from Iran in euro payments through Turkey's Turkiye Halk Bankasi.
State-owned explorer's foreign arm wants to invest in exploration & production in the country, which has world's fourth-largest reserves.
Board would start selling the bid documents on November 22.
Problems at refineries, higher home demand for automobile fuels among main reasons.
It will also make up-to-date payment of productivity linked incentives for all licensed category employees between May and June.
The three govt-owned OMCs - IndianOil, BPCL and HPCL - together meet the country's entire LPG cylinder demand.
The Houston-based company is selling up to 50 per cent of its oil-sand reserves in Alberta. There are some producing assets and some exploration assets on offer.
A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs.
According to RIL's announcement for the first quarter ended June 30, the KG-D6 field produced 33.1% less gas in the quarter.
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