[ad_1] In a setback to the ongoing Reliance Capital resolution process, the proposed joint venture arrangement between Piramal Finance and Zurich Insurance, formed to place a joint bid for Reliance General Insurance Company (RGIC), has collapsed.In the first round, both companies had submitted separate non-binding bids for the general insurance...
Sebi bars HRSA, its proprietor from securities mkt for 6 months, Legal News, ET LegalWorld – Legal Firms
[ad_1] Capital markets regulator Sebi on Thursday barred Heaven Research Security Advisory (HRSA) and its proprietor from securities markets for six months for providing investment advisory services without authorisation. According to a Sebi order, the entities were engaged in investment advisory services without obtaining a certificate of registration from Securities...
Google may challenge CCI verdicts; Prosus says Swiggy, PayU showing strong growth, Legal News, ET LegalWorld – Legal Firms
[ad_1] A month ago, the Competition Commission of India fined Google twice in quick succession for abusing its market dominance with Android and its Play Store billing system. The tech giant has flagged these verdicts as “priority” and may soon mount a challenge, sources aware of the matter told us.Also...
Actis backed BluPin Energy completes acquisition 404 MWp solar portfolio from Atha Group, Legal News, ET LegalWorld – Legal Firms
[ad_1] Global investor Actis on Thursday said its firm BluPin Energy has completed the acquisition of a 404 MWp solar portfolio from Atha Group. The acquisition will enable BluPine to support India's energy transition by targeting 4 GWs of portfolio capacity over the next 4 to 5 years, a statement...
Revenue Secy, Legal News, ET LegalWorld – Legal Firms
[ad_1] By Joyeeta Dey New Delhi, Nov 23 (PTI) India's tax collection will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal on the back of buoyant income tax, customs duty and GST mop-up, Revenue Secretary Tarun Bajaj said on Wednesday. In an interview to...
Tax collection to exceed budget estimate by nearly Rs 4 lakh crore, says revenue secretary, Legal News, ET LegalWorld – Legal Firms
[ad_1] India's tax collection will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal on the back of buoyant income tax, customs duty and GST mop-up, revenue secretary Tarun Bajaj said on Wednesday.In an interview to PTI, he said the growth in tax revenues will...
Protean eGov Technologies, Balaji Speciality Chemicals get Sebi’s nod to float IPO, Legal News, ET LegalWorld – Legal Firms
[ad_1] IT-enabled service provider Protean eGov Technologies and Chemical manufacturer Balaji Speciality Chemicals have received capital markets regulator Sebi's approval to raise funds through initial public offering (IPO). The two companies, which had filed their preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between December 2021...
Sebi levies Rs 2 lakh fine on individual for violating insider trading norms, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi: Capital markets regulator Sebi on Tuesday levied a fine of Rs 2 lakh on an individual for violating insider trading norms in the shares of Titan Company Ltd (TCL). The regulator slapped a fine of Rs 2 lakh on Samik Ghosh (noticee). The transactions were carried out...
Sebi extends deadline for public comments on consultation paper for cloud framework, Legal News, ET LegalWorld – Legal Firms
[ad_1] Capital markets regulator Sebi on Tuesday said it has extended till November 28 the deadline for public comments on the consultation paper for cloud framework. The deadline for submission of public comments on the consultation paper, which was floated on November 4, was scheduled to end on November 14....
Sebi penalises entity, directors for violating regulatory norms, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, Markets regulator Sebi on Tuesday imposed a penalty of Rs 50 lakh on an entity and its directors for violating the regulatory norms in the case of CapitalVia Global Research Ltd. The regulator slapped a fine of Rs 50 lakh on CapitalVia Global Research Ltd (Noticee 1)...