The Competition Commission of India (CCI) has approved Renault Group’s acquisition of Nissan’s 51% stake in their Indian joint venture, Renault Nissan Automotive India Pvt Ltd (RNAIPL). This move will give Renault Group full ownership of the Chennai-based production facility.
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Panasonic may acquire a controlling stake in Focus Lighting and Fixtures. This would be Panasonic’s second electricals acquisition in India. The deal involves buying the Sheth family’s shares and a public offer. Negotiations are advanced, but due diligence has revealed…
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SEBI has barred four entities from the securities market for two years and imposed a total penalty of Rs 4 crore for engaging in fraudulent trading practices. These entities exploited advance information of stock recommendations from Zee Business channel experts.…
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The report also noted that over Rs 20,000 crore worth of secondary exits were realised by PE/VC firms through block and bulk trades, including investors such as Peak XV and TPG. Mutual fund ownership in RainGauge Index companies rose from…
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Jane Street has requested additional time from the Securities and Exchange Board of India to address allegations of market manipulation. The Wall Street firm is responding to an interim order issued by Sebi. Jane Street has also sought access to…
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The Central Board of Direct Taxes provides relief to taxpayers. It extends the deadline for processing certain electronically filed income tax returns. These returns were incorrectly invalidated due to technical issues. Taxpayers who filed returns by March 31, 2024, will…
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