The Board of Control for Cricket in India is likely to challenge the Central Information Commission's ruling that the cricket board be brought under the Right to Information act with a top official accusing the Committee of Administrators (COA) of 'wilful negligence' in dealing with the matter.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Lack of financial commitments from rich countries poses threat to Paris meet
Delhi-based Great Eastern Energy Corporation is planning a public issue, part of which will be "sponsored", meaning foreign shareholders will also tender their shares for sale, a first for the Indian markets.
With Deputy Governor Viral Acharya and another member Chetan Ghate voting for a status quo, RBI governor Shaktikanta Das and three others outvoted them for reduction in repo rate to 6.25 per cent from the existing 6.50 per cent.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
Markets regulator Sebi on Friday imposed a fine of Rs 2 crore on Saradha Realty, its chief Sudipta Sen and two directors, Hemanta Pradhan and Monoj Kumar Nagel, for failing to comply with its earlier directions to wind up illicit money-pooling schemes and refund the investors.
Several investors opine that mutual funds have been making a distinction between subscribers based on their investment values. Investors with high value net investments are charged nil or lesser entry & exit loads. The MFs have been justifying this by saying that it helps them to get more subscriptions and enables them to invest in large-cap and high-value Sensex stocks.
The Delhi high court on Tuesday dismissed a PIL seeking to make Indian citizenship a pre-requisite for a person to be appointed as the editor of a publication.
Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
The long-pending Jet-Etihad deal envisaging foreign investment of Rs 2,058 crore will come up before Foreign Investment Promotion Board (FIPB) for approval on July 29.
Media and entertainment company UTV Software Communications Ltd has filed a draft prospectus with the Securities and Exchange Board of India for its initial public offer for 59.99 lakh (5.99 million) shares of Rs 10 each.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
With Uber & Ola fighting it out, the taxi aggregator space is set for massive growth.
Looking to monetise assets not in Reliance Capital's core area of business.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The lawsuit seeks an injunction to stop the entire rule from going into effect.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
The Securities and Exchange Board of India, after receiving comments from various parties, said QIPs should be based on the average price of the shares two weeks prior to the issue.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
The revival in Mumbai's property market could help the group.
The state is following surveillance, containment, increasing testing facilities, and ensuring essentials at people's doorstep, among other strategies, reports T E Narasimhan.
The CBI and the ED said that new material has been recovered which needs to be collated.
Money is being released and the government knows it will have to front-run private investment.
Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore (Rs 15 billion).
Shares of Ranbaxy Lab and Sun Pharma on Tuesday gained as much as 4 per cent after the drug-makers got CCI's approval for their long-pending $4-billion merger.
Divestment ministry is believed to have received an in-principle nod from FIPB for participation of FIIs, NRIs, and OCBs in the ensuing public offer government equity in car-maker Maruti Udyog Limited.
Mergers to create at most six state banks
The Securities and Exchange Board of India (Sebi) on Monday relaxed rules for corporate bond issuances by allowing debt instruments below the investment grade to collect funds through public and rights issuances.
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
It sets up internal panel to iron out issues companies face with delisting regulations.
The Election Commission (EC) has raised certain questions on the government's proposal to allow foreign direct investment (FDI) in the construction and maintenance segments of the railways.
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