After near three-year probe, Sebi action in NSE colo case in a ‘few days’

After near three-year probe, Sebi action in NSE colo case in a ‘few days’ The exchange, its officials, brokers could face enforcement action The Securities and Exchange Board of India (Sebi) will soon initiate enforcement action against country’s largest stock exchange the National Stock Exchange (NSE) and various other entities involved in an infamous co-location […]

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IBC process to push consolidation in steel industry, says EY

IBC process to push consolidation in steel industry, says EY The Insolvency and Bankruptcy Code (IBC) will accelerate consolidation in steel industry and help many global players who have been struggling to enter India, EY said on Thursday. Many of the cases referred to the National Company Law Tribunal (NCLT), under the IBC process, are […]

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India slaps tariffs on 29 US items; new rates to kick in from August 4

India slaps tariffs on 29 US items; new rates to kick in from August 4 The latest list of tariff hikes has 18 iron and steel items, a potent political reply against Trump’s tariff hikes in the sector. After a week of speculations, India on Thursday finally imposed higher tariff rates on 29 import items […]

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Govt amends norms for full fledged internet telephony by telecom operators

Govt amends norms for full fledged internet telephony by telecom operators The new amendment allows only authorised licenced holder to provide full fledged internet telephony and not over-the-top players like WhatsApp, Google Duo The government has amended norms to allow full fledged internet telephony by telecom operators which will enable calls from app to app […]

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Niti Forms Sub-Group of CMs to Link Agri, NREGS

Niti Forms Sub-Group of CMs to Link Agri, NREGS The Niti Aayog has formed a sub-group of chief ministers to frame policy for greater synergy between agriculture and the Centre’s flagship rural jobs scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Prime Minister Narendra Modi had on Sunday in a full meeting […]

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Probe into 80,000 shell firms hits dead end as govt fails to trace PANs

Probe into 80,000 shell firms hits dead end as govt fails to trace PANs The government had sent notices to 226,000 companies for not filing statutory returns The probe into 80,000 shell companies struck off by the Registrar of Companies (RoC) in the first lot has hit a dead end. The government had not been […]

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PSBs to focus on credit needs of ‘genuine’ companies, says Piyush Goyal

PSBs to focus on credit needs of ‘genuine’ companies, says Piyush Goyal PSBs promise to boost credit; 4,500 companies to be assessed; banks to work on two-stage process Public sector banks (PSBs), in a meeting with Finance Minister Piyush Goyal on Tuesday, have decided to chalk out a road map for supporting the credit needs […]

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