Tuhin Kanta Pandey, chairman, Sebi The review, which follows...
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China’s murky bankruptcies expose hazards for foreign investors
Gaps in enforcement of China's insolvency laws can leave creditors...
PB Fintech arm gets payment aggregator licence from RBI
The paid-up share capital of the proposed company will be Rs 27...
EU lawmakers back human rights, environmental checks for big companies
EU lawmakers backed a legal requirement for directors of companies with over 1,000 staff to be responsible for implementing a plan for cutting carbon emissions. Member states will have to set out penalties for breaches European Union lawmakers on Tuesday backed rules...
ICICI Pru Life refutes GST dept contention of tax liability due to input tax credit claims
In a filing to stock exchanges, ICICI Prudential Life said it had last fiscal received an intimation from the Directorate General of GST Intelligence (DGGI) of estimated tax liability to the company ''The company has filed a response refuting the claim,'' it said...
Big Tech crackdown looms as EU, UK ready new rules
Violations could result in fines worth up to 6% of a company's annual global revenue — amounting to billions of dollars — or even a ban on operating in the EU The European Commission's list of very large online platforms is limited to those with at least 45 million...
India calls for global coordination to effectively regulate cryptocurrency
Nirmala Sitharaman,Union Finance Minister "The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but which has...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI
HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the...
U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input
The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
Reliance Cap second auction postponed again; new date yet to be fixed
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree Mumbai: Lenders of debt-ridden Reliance Capital...
RCap resolution plan deadline may be extended
All the three bidders-- IndusInd International Holdings Ltd (IIHL) of Hinduja Group; Torrent Investment and Singapore-based Oaktree -- who will be participating in the extended challenge mechanism (second round of auction), are still engaged with the Committee of...
Cost of 651 essential medicines down 7 pc from April as govt caps ceiling prices
In a tweet, the national drug price regulator said the government has been able to fix the ceiling prices of 651 medicines so far out of the total 870 scheduled drugs listed under National List of Essential Medicines (NLEM) New Delhi: Cost of 651 essential medicines...
New life players-Acko Life Insurance and Credit Access Life Insurance receive licenses from IRDAI
Three new players have been given licenses in FY2022-23. Another 20 players which intend to enter country's life, non-life and reinsurance sector are in the pipeline, said IRDAI on Friday. Hyderabad: Finally, the long dry spell of new life players have come an end...