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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Nirmala Sitharaman told the Lok Sabha about allowing 100% FDI in insurance. This move aims to unlock the sector’s potential and enhance coverage. The government projects a 7.1% annual growth for the insurance sector. Raising the FDI limit eliminates the…
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