Clipped from: https://www.thehindubusinessline.com/opinion/editorial/recent-tweaks-to-fame-ii-scheme-for-buses-are-welcome-but-more-needs-to-be-done/article34976004.ece Recent tweaks to FAME II scheme for buses are welcome, but more needs to be done The transportation sector accounts for one-third of
Category: Industry
Formation of new companies soars in FY21, with a Covid bent – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/formation-of-new-cos-soars-in-fy21-with-a-covid-bent/articleshow/83854148.cmsSynopsis Sectors whose business found salience during the lockdown, such as health & social work, agriculture, education, wholesale trade, retail trade, recreation and sewage
Online pharmacy PharmEasy on Friday announced it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.
Clipped from: https://www.financialexpress.com/industry/sme/pharmeasy-to-acquire-controlling-stake-in-diagnostic-chain-thyrocare-in-deal-worth-rs-4546-crore/2278746/ The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making
Banning old vehicles is retrograde: Vehicle’s fitness, not age, should be the criteria for scrapping – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/banning-old-vehicles-is-retrograde-vehicles-fitness-not-age-should-be-the-criteria-for-scrapping/2277931/ Instead of a vehicle’s age, let’s use fitness as the criterion for determining whether it’s allowed to ply on the roads or not
Sebi mulls new, easier framework for companies to delist post open offer | Business Standard News
lipped from: https://www.business-standard.com/article/markets/sebi-mulls-new-easier-framework-for-companies-to-delist-post-open-offer-121062501048_1.html Aims to remove sequentially contradictory transactions in the takeover process The move, according to industry experts, means around Rs 35,000 crore each will
Sebi looks to broaden IPO reach, plans to rope in payment banks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-looks-to-broaden-ipo-reach-plans-to-rope-in-payment-banks-121062501670_1.html Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday’s meeting An announcement in this regard is expected at the
Auditing the auditors: A case of too many cooks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/auditing-the-auditors-a-case-of-too-many-cooks/article34975935.ece The NFRA was set up as a super regulator for the auditing profession. It needs more resources and legal teeth to be effective
SEBI mulls new norms to make it easier for companies to delist after open offer – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-mulls-new-norms-to-make-it-easier-for-companies-to-delist-after-open-offer/article34977208.ece Here the acquirer must state in the first public announcement, triggered by the mandatory tender offer, whether delisting is intended In a bid
MCA lightens the corporate reporting burden for more Small and Medium Companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/mca-lightens-the-corporate-reporting-burden-for-more-small-and-medium-companies/article34938032.ece Widens definition of such companies to enable more to adopt simpler accounting standards The Corporate Affairs Ministry (MCA) has lightened the burden of
Question of value – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/preferential-issues-by-stressed-companies-need-to-be-priced-with-more-rigour/article34954328.ece?homepage=true Preferential issues by stressed companies need to be priced with more rigour The last word has not yet been said in PNB Housing
RBI tightens dividend payout norms for NBFCs, links them to bad debt | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-tightens-dividend-payout-norms-for-nbfcs-links-them-to-bad-debt-121062401448_1.html NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years
Share buyback case: SAT stays Sebi’s penalties on Cairn India, others | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/share-buyback-case-sat-stays-sebi-s-penalties-on-cairn-india-others-121062401270_1.html The buyback offer was scheduled to open on January 23, 2014 and close on July 22, 2014. The Securities Appellant Tribunal (SAT) has
MCA expands small firm definition, raises turnover and borrowing limits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mca-expands-small-firm-definition-raises-turnover-and-borrowing-limits-121062400055_1.html This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on
Consumer protection rules: Decoding the impact on e-commerce firms, buyers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/consumer-protection-rules-decoding-the-impact-on-e-commerce-firms-buyers-121062301907_1.html The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
₹1 lakh penalty for incorrect client data submission is harsh, says ANMI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/1-lakh-penalty-for-incorrect-client-data-submission-is-harsh-says-anmi/article34933166.ece Association urges NSE to withdraw penalty as client statement are system driven The Association of National Exchanges Members of India has urged the
sebi: Sebi board to focus on independent directors next week, discuss appointment and removal rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-board-to-focus-on-independent-directors-next-week-discuss-appointment-and-removal-rules/articleshow/83797214.cms SynopsisThe Sebi board, which will meet on June 29, will also discuss a liberalised ownership framework to allow new entrants to set up
MCA raises threshold of small and medium companies in updated accounting standards rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-raises-threshold-of-small-and-medium-companies-in-updated-accounting-standards-rules/articleshow/83782962.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis According to the notification on Wednesday, SMCs have been defined as unlisted firms with a turnover not exceeding Rs 250 crore and with
Just 2 players in telecom mkt will be tragic: Bharti Airtel’s Sunil Mittal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/just-2-players-in-telecom-mkt-will-be-tragic-bharti-airtel-s-sunil-mittal-121062202001_1.html According to DoT estimates, Vodafone Idea owes Rs 58,400 crore as AGR dues Sunil Mittal Terming India’s near duopoly telecom space “tragic”, Bharti Airtel Chairman Sunil
Cost of capital heads southwards for Indian companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/cost-of-capital-heads-southwards-for-indian-companies/article34912674.ece Cost of capital for Indian companies has been declining, in line with the falling bond yields and policy rate. The average cost of
Jet Airways may take a year to start flying again after revival plan approval – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-may-take-a-year-to-start-flying-again/articleshow/83765810.cmsSynopsis The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several
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