One of the changes being proposed is allowing LLPs to issue non-convertible debentures.
Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss.
The Cabinet has cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore so that it can leverage around Rs 3 trillion from the markets in a few years to provide long-term funds to infrastructure projects as well as for development needs of the country. To put it in perspective, Rs 3 trillion constitutes slightly less than 3 per cent of the Rs 111 trillion to be spent on over 7,000 projects in the National Infrastructure Pipeline from 2019-20 to 2024-25. Besides, the government will give Rs 5,000 crore as grant to the institution, Finance Minister Nirmala Sitharaman on Tuesday told the media after the Cabinet meeting.
After the agency's submission, all the three accused moved their bail applications, which will be heard on December 21 as the CBI sought time to reply to the applications.
Ex-IAF chief S P Tyagi will undergo further custodial questioning for three more days as the Central Bureau of Investigation on Wednesday told a court that AgustaWestland VVIP chopper scam was a "very serious" case requiring his interrogation to unearth the larger conspiracy as the "interest of the nation was compromised".
Joginder Tuteja looks at the biggest July hits in the last decade.
It helps that Varun Dhawan and Alia Bhatt look so good together, writes Sukanya Verma.
The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.
L&T has acquired Cafe Coffee Day-owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market.
Officials said the agency seized a number of documents during the searches from the premises of the firms and entities brought under the action as they were 'connected'.
Former India cricket captain Kapil Dev won in the 60-64 individual age category in the Pune leg of AVT Champions tour.
What makes Badrinath Ki Dulhania work, really, is the intent and the two principal actors, observes Raja Sen.
Others named in the chargesheet include alleged European middlemen in the deal, Carlo Gerosa and Guido Haschke.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'As a remake of Sairat, Dhadak is a travesty.' 'As a standalone, Dhadak is standard Bollywood boy-meets-girl drivel.' As a showcase, Dhadak is a promise that will take some more effort to fully fulfil,' says Sukanya Verma.
Joginder Tuteja looks at the biggest March releases in the last decade.
Look who all turned up for a special screening of Kedarnath on Wednesday night?
Liquor companies are set to raise prices, thanks to the hike in the cost of molasses, a by-product of sugar used to make potable alcohol. "Alcohol prices may rise as much as 20 per cent due to lower molasses production," said Abhishek Khaitan, managing director, Radico Khaitan, the country's second largest liquor producer.
Dhadak is a film that turns Nagraj Manjule's vision into naught, only so that a few more zeroes can be added to Karan Johar's bank account, says Sreehari Nair.
The release of Dhadak puts Udaipur and Kolkata in the spotlight.
'This is a movie for a lot of people, but for us, it's an experience.' Dhadak stars Ishaan Khatter and Jahnvi Kapoor talk about their success.
RRVL will make an open offer to acquire up to an additional 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
How many times have a sister and brother's movies released on the same day?
The AVT Champions Tour holds the unique distinction of being the only golf tour catering to 50-year-old or above senior golfers in India.
The duo were reportedly shooting together for film-maker Shashank Khaitan's Dharma Productions film Mr Lele.
Here's what your favourite Bollywood celebrities are tweeting.
Many industry executives have said the draft e-commerce policy is being perceived as nationalistic but not overly protectionist and it is providing preference to Indian players against foreign companies. This might have an impact on investment by large players such as Walmart and Amazon in the country, said the executives. They said e-commerce was a very small portion of the retail industry and at a nascent stage and did not require heavy hammer regulations. Though the policy talks about being equally applicable to foreign and domestic players, it mentions that foreign direct investment (FDI) takes precedence over the e-commerce policy in any area of overlap.
