Rules for direct listing in GIFT to be out in a month
International Financial Services Centres Authority chairman K Rajaraman has said that regulations for direct listing of Indian companies in the GIFT IFSC will be out in a month.
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Hindujas seek more time from NCLT to pay Reliance Capital lenders
Hinduja Group, which acquired Reliance Capital, has submitted an application to the National Company Law Tribunal (NCLT) for more time to make final payments to lenders. The group cited delays in obtaining approval from the Department for Promotion of Industry…
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BFSI leads as India Inc profit-to-GDP ratio rebounds to a 15-year high in FY24
The 0.8% year-on-year increase in the Nifty-500 profit-to-GDP ratio was fuelled by a 0.3% rise from the BFSI sector, another 0.3% from Oil & Gas, and a 0.2% increase from the automobile sector.
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Banks, NBFCs well placed to seize opportunity from India’s strong economic prospects: ICRA
Loan growth is expected to moderate over the next year as banks seek to align their loan growth in line with deposits, as deposits are not growing as fast as loans. Loan growth will reduce to 12% -14%, from 16%…
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Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel types
Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on…
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SEBI imposes Rs 35 lakh penalty on PTC India’s Pawan Singh, Rajib Kumar Mishra for corporate governance lapses
In the order, Sebi WTM Ashwani Bhatia said, “While issuing the directions, I have considered that the present matter has not brought out any detail pointing to manipulation of the market or its abuse.”
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