News for 'Ministry of Company Affairs'

50 lakh Covishield doses meant for export to UK to be used in India

50 lakh Covishield doses meant for export to UK to be used in India

Rediff.com8 May 2021

50 lakh doses of 'Covishield' vaccine earmarked by the Serum Institute for export to the United Kingdom have now been made available for the inoculation of 18-44 age group in 21 states/UTs in India, amid a surge in COVID-19 cases, official sources said.

Combative Smriti Irani is!

Combative Smriti Irani is!

Rediff.com29 Jul 2021

The combativeness reflects her insistence not to meekly acquiesce to what has been going on in Raisina Hill for years or decades, observes Kartikeya Tanna.

WATCH: President rushes to help policewoman who fell

WATCH: President rushes to help policewoman who fell

Rediff.com29 Oct 2019

The Delhi policewoman was standing in front of the dais at Vigyan Bhawan during the first National CSR Awards function. She fell and sat on the carpet when the national anthem was being played, according to a PTI photographer who was present.

New Companies Act makes it difficult for subsidiaries firms to raise money

New Companies Act makes it difficult for subsidiaries firms to raise money

Rediff.com16 Dec 2013

A new Section prohibits banks to lend money to smaller subsidiaries companies despite Corporate Guarantee from the parent.

Over Rs 86,600 crore fraud probe against Sahara

Over Rs 86,600 crore fraud probe against Sahara

Rediff.com3 Sep 2020

All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.

Uber to hire 500 engineers for its India tech centres

Uber to hire 500 engineers for its India tech centres

Rediff.com13 May 2022

Uber Technologies said it is doing a fresh round of recruitment for its India tech centres and is planning to hire 500 more tech employees by December. The app-based mobility and delivery company has a 1,000-member tech team across its centres in Hyderabad and Bengaluru. The firm said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country. Uber hired 250 engineers to its India teams in 2021.

News of Singh bros siphoning money sparks SFIO probe on Fortis, Religare

News of Singh bros siphoning money sparks SFIO probe on Fortis, Religare

Rediff.com19 Feb 2018

Fortis Healthcare has also come under the lens of Sebi, which launched an investigation into alleged regulatory lapses

10K troops to be immediately withdrawn from J-K: Govt

10K troops to be immediately withdrawn from J-K: Govt

Rediff.com20 Aug 2020

'It was felt that the counter-insurgency and counter-terrorist grid is intact in the UT and these additional units that were sent in last year can be de-inducted giving them the much required rest, recuperation and training'

'Anti-minority' tag for India will hurt domestic cos, warns Rajan

'Anti-minority' tag for India will hurt domestic cos, warns Rajan

Rediff.com21 Apr 2022

Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian products and may also result in foreign governments perceiving the nation as an unreliable partner. India enters the perception battle from a position of strength, the professor at Chicago's Booth School of Business said, alluding to credentials like democracy and secularism, but warned that this battle is "ours to lose". The comments came a day after bulldozers tore down several concrete and temporary structures close to a mosque in Jahangirpuri as part of an anti-encroachment drive, days after the northwest Delhi neighbourhood was rocked by communal violence.

Prices of food items continue to rise in May, says RBI report

Prices of food items continue to rise in May, says RBI report

Rediff.com18 May 2022

Prices of food items like cereals, pulses, and edible oils rose or remained steady in May, a Reserve Bank of India (RBI) report said, indicating there could be another higher inflation print. However, it observed that the Monetary Policy Committee's (MPC's) surprise move to increase interest rates bodes well for its credibility. The RBI's monthly State of the Economy report, released on Tuesday, citing high frequency food price data from the Ministry of Consumer Affairs for the period May 1-12, said the increase in the prices of cereals was primarily because of the surge in wheat prices.

Bankers agree to review lending rates

Bankers agree to review lending rates

Rediff.com5 Aug 2019

Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.

Dilution norms for large IPOs tweaked

Dilution norms for large IPOs tweaked

Rediff.com21 Jun 2021

Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent. The move to relax dilution norms is seen as a precursor to Life Insurance Corporation's IPO. The central government has said companies with an m-cap exceeding Rs 1 trillion will have to dilute Rs 5,000 crore and at least 5 per cent of their m-cap. Experts said the earlier framework discouraged large companies from listing since they were forced to offload a large volume of shares during the time of their IPO.

Foreign listing of start-ups, MSMEs will now be easier

Foreign listing of start-ups, MSMEs will now be easier

Rediff.com10 Nov 2020

The criteria for allowing companies to avail of this provision will include profitability, networth, paid-up capital, and turnover.

IOA drops Chinese kit sponsor for Olympics

IOA drops Chinese kit sponsor for Olympics

Rediff.com8 Jun 2021

'Our athletes, coaches and support staff, will wear unbranded apparel.'

Unlisted firms may have to demat shares by September

Unlisted firms may have to demat shares by September

Rediff.com15 Jun 2018

When shares in the electronic form are available with the depositories, it acts as primary evidence for those who hold the shares.

Will Govt Cut PSBs Loose?

Will Govt Cut PSBs Loose?

Rediff.com28 Jul 2022

Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Rediff.com20 Mar 2021

The ministry of corporate affairs (MCA) has launched a probe into the books of Edelweiss Asset Reconstruction Company (EARC) following allegations by a whistleblower of fund diversion and irregularities. The whistleblower, Paras Kuhad, a former additional solicitor general of India, had written to the Prime Minister's Office and the Reserve Bank of India (RBI). Kuhad has alleged that Edelweiss Group and Caisse de depot et placement du Qubec (CDPQ), a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did not adhere to norms while making investments in EARC's instruments. Sources have indicated that a probe has been initiated, but the MCA did not comment on the issue.

Covid: Centre allocates foreign aid to states, UTs

Covid: Centre allocates foreign aid to states, UTs

Rediff.com4 May 2021

The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.

The e-com draft policy still needs plenty of rewriting

The e-com draft policy still needs plenty of rewriting

Rediff.com10 Jul 2021

The proposed e-commerce rule book issued recently by the ministry of consumer affairs does not mention foreign companies or foreign direct investment (FDI) at any place, unlike most other government guidelines for the sector so far. That is a heartening development since the latest proposals could be fine-tuned as e-commerce policy.

'Choppergate': Are IAF Veterans Being Made Scapegoats?

'Choppergate': Are IAF Veterans Being Made Scapegoats?

Rediff.com23 Aug 2022

When the IAF veterans' bail petition came up for hearing, in an unprecedented move, senior serving and retired Air Marshals and Air Vice Marshals rallied behind the accused officers and appeared before the court to give sureties for each, something that has never happened ever before.

Covid: Over 60 envoys visit vaccine facilities in Hyderabad

Covid: Over 60 envoys visit vaccine facilities in Hyderabad

Rediff.com9 Dec 2020

The foreign envoys were taken to Hyderabad over a month after the ministry of external affairs briefed over 190 heads of diplomatic missions and representatives of leading international organisations on COVID-19 related issues.

'If a company can get FDI, an NGO too can get foreign funds'

'If a company can get FDI, an NGO too can get foreign funds'

Rediff.com17 Jun 2016

'The government is using the Intelligence Bureau to go after NGOs.' 'It is not only the NDA, the UPA also didn't like NGOs.' 'NGOs predominantly work with the poor. So, when you cancel an NGO, the affected are the poor, the Dalits, the tribals, the street children and the marginalised.'

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

Rediff.com7 Dec 2021

Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said. IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives. For 2022, the deal is for the supply of up to 2 million tonnes of oil from the Black Sea port of Novorossiysk.

Govt not to seek disclosure of flash sales from e-tailers

Govt not to seek disclosure of flash sales from e-tailers

Rediff.com22 Jun 2021

The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.

Govt may seek crypto log on transactions from banks, exchanges

Govt may seek crypto log on transactions from banks, exchanges

Rediff.com31 Mar 2022

The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.

Sitharaman readies relief package for MSMEs, NBFCs

Sitharaman readies relief package for MSMEs, NBFCs

Rediff.com15 Oct 2019

PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash.

Modi will not accompany Boris Johnson on his first visit to Gujarat

Modi will not accompany Boris Johnson on his first visit to Gujarat

Rediff.com20 Apr 2022

This is also because Johnson's visit will follow at the end of Modi's three-day visit to Gujarat for inaugurating projects, reports Vinay Umarji.

Govt looking into securing part of J&J vaccines: Sources

Govt looking into securing part of J&J vaccines: Sources

Rediff.com26 May 2021

According to the sources, there are limited prospects of J&J exporting its vaccine from the US to other countries in the near future and the "entire production" at the BE facilities in India, beginning July/August, will be handed over to the pharma giant under a contract between the companies.

India may tweak IT Act to allow tracing of social media posts

India may tweak IT Act to allow tracing of social media posts

Rediff.com23 Feb 2019

Ministry of home affairs and the IT ministry are planning to have a series of discussions with representatives from Facebook, WhatsApp, Twitter, and Google on issues around national security and the problem of fake news. Asking for decryption keys from WhatsApp to track conversations on the chat app is also part of the agenda.

Modi ji, dariye mat, name China: Cong on Tawang clash

Modi ji, dariye mat, name China: Cong on Tawang clash

Rediff.com13 Dec 2022

The Congress alleged that whenever an issue of national security comes up, the "prime minister hides behind his ministers".

NHRC notices to Centre, 4 states over farmers' protest

NHRC notices to Centre, 4 states over farmers' protest

Rediff.com14 Sep 2021

The NHRC said that it has received several complaints regarding the ongoing farmers' protest.

Modi meets top American CEOs in first engagement in US

Modi meets top American CEOs in first engagement in US

Rediff.com23 Sep 2021

Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.

Over 34,000 unregistered NBFCs under RBI scanner

Over 34,000 unregistered NBFCs under RBI scanner

Rediff.com12 Aug 2014

The Ministry of Corporate Affairs had taken various steps to protect small investors.

TMC seeks urgent SC hearing into violence during Tripura civic polls

TMC seeks urgent SC hearing into violence during Tripura civic polls

Rediff.com26 Nov 2021

The Trinamool Congress moved the Supreme Court on Friday seeking a probe by a court-monitored panel into the alleged large-scale violence during the municipal polls in Tripura.

IL&FS scam: Govt keen to get Deloitte, BSR banned

IL&FS scam: Govt keen to get Deloitte, BSR banned

Rediff.com10 Jun 2019

The ministry has also made Udayen Sen of Deloitte, and Kalpesh Mehta and Sampath Ganesh of BSR as respondents as they were the signatories of the audit reports of the company.

Jhunjhunwala-backed Akasa Air to start flying from 2022

Jhunjhunwala-backed Akasa Air to start flying from 2022

Rediff.com12 Oct 2021

In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.

SC extends stay on criminal proceedings against Azim Premji, others

SC extends stay on criminal proceedings against Azim Premji, others

Rediff.com5 Oct 2021

The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.

What's in a name? Well, actually a lot

What's in a name? Well, actually a lot

Rediff.com24 May 2019

Choosing your company's name? MCA lists examples to avoid any duplication. The Ministry of Corporate Affairs made it clear that the use of different phonetic spellings, including the use of misspelled words of an expression, would be treated as same.

Chinese firm gets contract for Delhi-Meerut RRTS project

Chinese firm gets contract for Delhi-Meerut RRTS project

Rediff.com3 Jan 2021

The NCRTC, which is executing the country's first RRTS, said the contract was awarded following the set procedure and guidelines.

China protests US ban on TikTok, WeChat; warns counter measures

China protests US ban on TikTok, WeChat; warns counter measures

Rediff.com19 Sep 2020

The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.