News for 'Ministry of Company Affairs'

EV launches, Chinese models... What Auto Expo Has In Store

EV launches, Chinese models... What Auto Expo Has In Store

Rediff.com17 Jan 2025

For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.

India To Fast-Track Visas For Chinese Nationals

India To Fast-Track Visas For Chinese Nationals

Rediff.com8 Aug 2024

The new guidelines, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India.

Where Would India Be Without Dr Singh?

Where Would India Be Without Dr Singh?

Rediff.com27 Dec 2024

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Govt aims to provide 1 crore internship over 5 years

Govt aims to provide 1 crore internship over 5 years

Rediff.com3 Oct 2024

The government on Thursday rolled out the internship programme on a pilot basis that will provide a total annual financial assistance of Rs 66,000 to those in the age group of 21-24 years, and aim to cover one crore youth over five years.

Sebastian Coe in India for 2036 Olympics talks

Sebastian Coe in India for 2036 Olympics talks

Rediff.com25 Nov 2024

World Athletics President Sebastian Coe met Sports Minister Mansukh Mandaviya and Primer Minister Narendra Modi in New Delhi on Monday and discussed India's intent to host the 2036 Olympics and development of athletics in the country.

How Dr Singh Changed Finance Minister's Role

How Dr Singh Changed Finance Minister's Role

Rediff.com1 Feb 2025

'Suddenly we had a new comprehension of affairs, which reminded that the luxury of politics floated atop a foundation by economics.' 'Along with this, finance ministers became crucial in molding the perception and reputation of Union Cabinets.' 'Governments couldn't afford a wrong person in that portfolio,' asserts Shyam G Menon.

Modi, Macron fly together to Marseille, open new Indian consulate

Modi, Macron fly together to Marseille, open new Indian consulate

Rediff.com12 Feb 2025

Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.

PSBs clocked 11% growth in H1FY25

PSBs clocked 11% growth in H1FY25

Rediff.com13 Nov 2024

The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.

Modi to attend Quad, address UN summit in New York

Modi to attend Quad, address UN summit in New York

Rediff.com17 Sep 2024

Prime Minister Narendra Modi will pay a three-day visit to the United States beginning September 21 to attend the annual Quad Summit and address the 'Summit of the Future' at the United Nations General Assembly.

45 specialists to join Modi govt in major lateral entry push

45 specialists to join Modi govt in major lateral entry push

Rediff.com17 Aug 2024

Forty-five specialists will soon be joining key posts of joint secretaries, directors and deputy secretaries in different central ministries as part of the Modi government's ambitious plan to infuse fresh talent to further improve ease of governance.

Internship Portal To Open Sat Evening!

Internship Portal To Open Sat Evening!

Rediff.com12 Oct 2024

Internship opportunities have been posted by 193 companies, including Jubilant Foodworks, Maruti, Eicher Motor, L&T, Muthoot Finance and Reliance.

Unspent CSR funds hit five-year high in FY23

Unspent CSR funds hit five-year high in FY23

Rediff.com20 Aug 2024

Not all listed companies above a threshold have spent on corporate social responsibility (CSR) in the way they were required to do. The aggregate unspent amount in 2022-23 (FY23) stood at a five-year high of Rs 1,475 crore. In FY23 listed companies spent Rs 15,602 crore while the amount to be expended was Rs 15,787 crore, according to the data from corporate tracker primeinfobase.com.

Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity

Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity

Rediff.com14 Oct 2024

The Securities and Exchange Board of India (Sebi) has intervened in the matter concerning alleged irregularities by Trafiksol ITS Technologies, which had come out with a Rs 45 crore initial public offering (IPO) last month. In an ex-parte order, the market regulator has said it will undertake a detailed examination into the disclosures made by the small and medium enterprise (SME) company in its draft offer document. BSE had halted the listing of Trafiksol, a software provider for traffic systems, amid complaints around use of the issue proceeds and wrongful disclosures.

Ministry to initiate probe into Volcker report

Ministry to initiate probe into Volcker report

Rediff.com10 Nov 2005

The ministry of company affairs on Thursday said it will look into the Volcker committee report to see whether there has been any violation by the Indian corporates named in it.

155,000 Apply For 91,000 Internships

155,000 Apply For 91,000 Internships

Rediff.com14 Oct 2024

A shortlist using artificial intelligence would be prepared to identify eligible candidates and match them to the suitable internship opportunity. The shortlist would be shared with the companies on Tuesday, October 15.

Why Adani Solar Sought Visas For Chinese

Why Adani Solar Sought Visas For Chinese

Rediff.com8 Jul 2024

In seeking visa approvals for engineers from China, the company has reasoned that India lacks the expertise to set up such a solar facility.

Diplomatic Row Derails Students' Canada Dreams

Diplomatic Row Derails Students' Canada Dreams

Rediff.com23 Oct 2024

'We used to get 400-500 applications for Canada on a yearly basis until last year, but this has gone down to just 70 this year.'

Logjam over, Oppn agrees to let Parliament function

Logjam over, Oppn agrees to let Parliament function

Rediff.com3 Dec 2024

The government and opposition parties on Monday reached an agreement to break the impasse in Parliament with dates announced for discussions on the Constitution in the Lok Sabha and the Rajya Sabha.

Chinese cos: Scores of CAs, company secretaries, cost accountants under lens

Chinese cos: Scores of CAs, company secretaries, cost accountants under lens

Rediff.com21 Aug 2022

Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India, according to officials. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated. The Institute of Cost Accountants of India has also initiated action against some of their members in the matter.

I&B holds meet to discuss Big Tech revenue sharing

I&B holds meet to discuss Big Tech revenue sharing

Rediff.com13 Jun 2024

The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.

Byju failed because he didn't listen to anyone: Unacademy CEO Gaurav Munjal

Byju failed because he didn't listen to anyone: Unacademy CEO Gaurav Munjal

Rediff.com29 Jun 2024

Byju Raveendran, the founder of the beleaguered ed-tech firm Byju's, put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, the chief executive officer of edtech firm Unacademy. Munjal highlighted the importance of 'blunt feedback'. In a post on X, he alleged that Byju's founder stopped listening and failed to have people who could give him the right feedback.

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Rediff.com1 Jul 2024

The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing. "If those under the PLI scheme need to get their equipment installed, we try to expedite the ability to get technicians into India from any country, whichever it may be," Union Commerce and Industry Minister Piyush Goyal told Business Standard in an interview.

More than two dozen companies do the vanishing act

More than two dozen companies do the vanishing act

Rediff.com2 Feb 2023

The companies on the list are from sectors including trading, finance, packaging, textile, realty, and others. Trading and finance companies account for half-a-dozen companies each.

Cross-border share swaps eased by govt

Cross-border share swaps eased by govt

Rediff.com19 Aug 2024

The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.

In a first, govt to conduct yearly private capex survey from October

In a first, govt to conduct yearly private capex survey from October

Rediff.com15 Sep 2024

At a time when the government is nudging the private sector to ramp up its capital expenditure (capex), the Ministry of Statistics and Programme Implementation (MoSPI) is poised to kick-start the first-of-its-kind annual survey on the status of private sector capex from next month. "The inaugural edition of the annual exercise will start in October and will be completed by December. "The results will be made public by February next year," said Geeta Singh Rathore, director general, National Sample Survey Office (NSSO), at a data users' conference on Thursday.

Govt expedites inspection of Byju's books

Govt expedites inspection of Byju's books

Rediff.com26 Feb 2024

The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.

Kerala woman among 17 Indians onboard ship seized by Iran

Kerala woman among 17 Indians onboard ship seized by Iran

Rediff.com15 Apr 2024

The father said that he has not received any updates from the state or the Central governments regarding his daughter's current status.

India Working on 30,000 cr Maritime Development Fund

India Working on 30,000 cr Maritime Development Fund

Rediff.com26 Sep 2024

The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.

Should You Invest In SME IPOs?

Should You Invest In SME IPOs?

Rediff.com4 Oct 2024

'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'

Oil ministry seeks more flexibility for exploration companies

Oil ministry seeks more flexibility for exploration companies

Rediff.com14 Apr 2014

The government had allowed companies in February last year to launch probe missions to find more oil and gas within already-producing areas.

After UPI and ULI, banks to set up Unified Recovery Interface

After UPI and ULI, banks to set up Unified Recovery Interface

Rediff.com9 Sep 2024

Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).

Finance Secretary TV Somanathan is new Cabinet Secy

Finance Secretary TV Somanathan is new Cabinet Secy

Rediff.com10 Aug 2024

He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.

The Nehruvian Who Fell Out With Sonia Gandhi

The Nehruvian Who Fell Out With Sonia Gandhi

Rediff.com12 Aug 2024

Because of his proximity to Indira Gandhi, he was able to intervene directly at the level of the PMO, which he did in the days leading up to the partition of Pakistan in 1971 when he transferred crucial information about Pakistan's moves via information handed to him by an East Pakistani diplomat in Poland where he was posted.

Modi urges global tech CEOs to be part of India growth story

Modi urges global tech CEOs to be part of India growth story

Rediff.com23 Sep 2024

Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.

Uniform KYC Norms On The Cards

Uniform KYC Norms On The Cards

Rediff.com20 Mar 2024

'The committee has been constituted. Different government departments and FSDC members are part of it.'

Consensus may delay new Company Law

Consensus may delay new Company Law

Rediff.com24 Apr 2006

BSF holds 83 flag meetings with B'desh amid unrest

BSF holds 83 flag meetings with B'desh amid unrest

Rediff.com13 Aug 2024

The BGB has not only been cooperating with the BSF along the international border on operational matters but is also taking all steps for the safety of Indian citizens and people belonging to minority communities in Bangladesh in collaboration with their civil authorities, the official said.

Beneficial ownership norms in focus as MNCs face scrutiny

Beneficial ownership norms in focus as MNCs face scrutiny

Rediff.com12 Jun 2024

The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny. "Companies are closely watching this space.

Will L'affaire Adani Affect Modi's Image?

Will L'affaire Adani Affect Modi's Image?

Rediff.com21 Feb 2023

Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.

42 Indians among 49 killed Kuwait apartment fire

42 Indians among 49 killed Kuwait apartment fire

Rediff.com13 Jun 2024

Most deaths were due to smoke inhalation while residents were sleeping, and a significant number of occupants were evacuated, they added. The fire started in a kitchen in the six-storey building in the Mangaf area in Kuwait's southern Ahmadi Governorate, officials said, adding that the building reportedly had 195 people living in it, who are workers of the same company.