The move, which comes at a time when the stock market regulator, the Securities and Exchange Board of India, has overhauled takeover rules for listed companies, will allow acquisitions to be carried out in a smooth manner.
In a bid to make foreign companies engaged in online and direct-to-home business practices in India accountable, the Ministry of Corporate Affairs (MCA) will make enrolment of all such companies with the country's Registrar of Companies (RoC) mandatory.
New Companies Bill to propose equal responsibility of auditors, firms.
All registered companies, both listed and unlisted, which raise public funds through sale of shares will be answerable to the Securities and Exchange Board of India (Sebi).
The committee of secretaries (CoS) looking into the issue of allowing foreign direct investment (FDI) in the multi-brand retail segment is likely to meet this Friday to try for more agreement on the issue.
As the heat turns on the government on the issue of black money, the Institute of Chartered Accountants of India (ICAI) on Thursday said it would suggest to the finance ministry ways to track and control illicit money.
All set for more public interactions even as PM has been critical of the apex auditor recently.
Concerned over the frequent leaks of its "half baked reports", the office of the Union comptroller and auditor-general (CAG) has decided to issue different versions of its draft reports -- the ones given for feedback and reactions before the final version is readied -- to ministries and public sector units to nail the sources of leaks.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
Says allow companies with up to 49% FDI to invest in restricted sectors.
The Planning Commission is expected to take a call soon on the expenditure, which will be a component of the health ministry's 12th plan allocation. The ministry is expected to pitch for doubling the allocation for the overall health sector, it is learnt.
Meeting is on June 24-25 on stalled pact, agreement likely by year-end.
Delegation to insist on flexibility in aiding low-cost access to HIV treatment.
Even as the debate around whether the Doha Round of global trade talks would be concluded by the year-end or not gain momentum, a cohort of developing countries, specifically India, has refused to accept the April 21 texts which call for mandatory sectoral tariff cuts as the basis of negotiations, despite US pressure.
Trade between India and Pakistan reached $1.85 billion in 2010-11, compared to $3 billion with Sri Lanka.
At present, a maximum of 26 per cent is allowed in the defence sector.
Political leaders, industrialists and businessmen are increasingly looking to tap the resource-rich countries of the world's second largest continent even as two-way trade between India and Africa is poised to reach $70 billion by 2015 from $46 billion at present.
With the setting up of the watchdog Competition Commission of India (CCI) and introduction of new legislation like the Direct Taxes Code and the Goods & Services Tax scheduled next year, private companies and consultancies are looking at the government pool of civil servants to meet their requirements.
Eight commonly prescribed anti-cancer drugs will soon enter India's National List of Essential Medicines (NLEM).
Analysts believe engineering exports would soon dominate the country's foreign trade, thanks to a conscious policy shift towards building strength and capitalising on critical industries such as engineering and chemicals.
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