The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
Since 11 months, Sebi has not been able to make these companies deposit the required money in an escrow account.
The outstanding loan amount is Rs 7,000 cr.
Bharti Infratel is a provider of telecom towers and related infrastructure and on a consolidated basis, is one of the largest in India, "based on the number of towers that Bharti Infratel owns and operates and the number of towers owned or operated by Indus, that are represented by Bharti Infratel's 42 per cent equity interest in Indus," according to the offer document.
Move fuels fears of consolidation among unions of some small banks; won't force unification, clarifies finance ministry.
Sebi Chairman U K Sinha has been demanding tools such as access to phone records from the government
The government of Mauritius is likely to issue a new format for the tax residency certificate (TRC) for foreign institutional investors (FIIs), incorporating additional particulars required by the Indian government.
Spectrum auction and divestment proceeds likely to disappoint, subsidies are likely to overshoot the Budget target and there might also be some shortfall in tax collections.
Earlier, the regulator only mandated disclosures and issued observations. It was on an investor to read the disclosures carefully and take an informed decision.
What stops you from writing a cheque for Rs 7.94 crore, if you are sure the payee won't present it for payment? Nothing, really, not even the fact that your bank account has a balance of Rs 1 lakh or less. It is this confidence that seemed to have helped the Robert Vadra-promoted Sky Light Hospitality to write one or more cheques amounting to Rs 7.94 crore and account that as "book overdraft" in its balance sheet for the year ended March 31, 2008.
Several other little known entities, realty players involved in transactions with his four firms.
Those paying more than Rs 25 lakh in service tax will soon have to file their returns every month instead of once in six months.
IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.
Stuck projects to spring back to life with fresh lending; cut in end prices to benefit buyers.
A positive list for taxation of services might be back, though only for accounting purposes.
FinMin talking to Irda on many issues, meeting Chidambaram this week.
The government would take a hit of about Rs 6,000 crore (Rs 60 billion) this year if it rolls back the excise duty of Rs 1.5 per litre on diesel it levied last week.
The minister added that the exchanges should not be discouraged by the failure of past attempts at launching such a dedicated platform for small exchanges.
IDBI Bank's recent overseas money raising experience points to renewed interest in India.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
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