NCLT orders insolvency proceedings against Jaypee Associates on ICICI, SBI plea
ICICI Bank’s claim amounts to over Rs 3,000 crore, including interest.
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Electoral shock dashes hopes of rate cut
Food inflation challenges RBI, impacting rate cuts. Elections, populist spending, and fiscal landscape influence rate cut decisions.
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Tata Motors Finance to be merged with Tata Capital
Tata Motors announced a merger of Tata Motor Finance with Tata Capital, approved by their respective boards. This aligns with Tata Motors’ strategy to focus on core businesses and emerging technologies. Tata Capital will issue its equity shares to Tata…
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IPO wave in India has no reason to stop, say analysts
The $4 billion raised by India is about 45% less than what it collected in all of 2023, LSEG data shows, but outperforms China ($3 billion) and Saudi Arabia ($2.1 billion).
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SEBI constitutes committee to review ownership, economic structure of clearing corporations
The ad-hoc committee will be chaired by Usha Thorat, who was a former Deputy Governor of the Reserve Bank of India (RBI).
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CBIC invites suggestions on the draft ‘Central Excise Bill, 2024’
The Central Board of Indirect Taxes and Customs (CBIC) has invited suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders. The last date for submitting the suggestions is June 26, 2024.
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