by PTI News | Mar 30, 2022 | 9:04 pm | News
New Delhi, Mar 30 (PTI) Tata Motors on Wednesday said TPG Rise Climate has subscribed to 3.75 crore compulsorily convertible preference shares worth Rs 3,750 crore as the first tranche of the proposed investment of Rs 7,500 crore in its passenger electric vehicle business. Last year in October, Tata Motors had announced that it would raise [...]
by PTI News | Mar 30, 2022 | 9:01 pm | News
New Delhi, Mar 30 (PTI) Sebi on Wednesday imposed penalties totalling Rs 8 lakh on five individuals for various violations with respect to funds raised by Tirupati Fincorp Ltd through preferential allotment of shares back in 2013. The matter pertains to suspected misutilisation of funds raised by Tirupati Fincorp Ltd through preferential allotment of equity [...]
by PTI News | Mar 30, 2022 | 8:51 pm | News
Jaipur, Mar 30 (PTI) Rajasthan Chief Minister Ashok Gehlot on Wednesday approved a 3 per cent increase the dearness allowance of state employees and pensioners on the lines of central government employees. According to a government spokesperson, now 34 per cent dearness allowance will be payable to state employees and pensioners from January 1, 2022. [...]
by PTI News | Mar 30, 2022 | 8:42 pm | Economy, News
New Delhi, Mar 30 (PTI) The Income Tax Department on Wednesday said non-linking of PAN with Aadhaar by March 31 would attract penalty of up to Rs 1,000, but such PAN will remain functional for one more year till March 2023, for filing ITR, claiming refunds and other I-T procedures. The Central Board of [...]
by PTI News | Mar 30, 2022 | 8:28 pm | News
New Delhi, Mar 30 (PTI) Tyre maker Ceat Ltd on Wednesday said that officials of Competition Commission of India (CCI) visited its office for a 'routine enquiry' but denied any wrongdoing in the conduct of the company's business."The CCI officials visited the Ceat office today for a routine enquiry. As a responsible corporate, we are [...]
by PTI News | Mar 30, 2022 | 8:20 pm | Corporate Action, News
Kolkata, Mar 30 (PTI) The hotel industry in the country which bore the brunt during the COVID-19 pandemic is on the path of recovery with higher occupancy, increased average room rates (ARR) and spurt in merger and acquisition deals, a study said on Wednesday.Domestic leisure travel is the driving force behind the road to recovery [...]
by PTI News | Mar 30, 2022 | 8:17 pm | News
New Delhi, Mar 30 (PTI) The Project Monitoring Group (PMG) has reviewed as many as 374 high impact infrastructure projects worth around Rs 17 lakh crore in 2021-22 financial year, the Ministry of Commerce and Industry said on Wednesday. PMG is an unique institutional mechanism to facilitate resolution of issues in infrastructure projects with investments [...]
by PTI News | Mar 30, 2022 | 8:17 pm | Corporate Action, News
New Delhi, Mar 30 (PTI) Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of [...]
by PTI News | Mar 30, 2022 | 8:12 pm | News
New Delhi, Mar 30 (PTI) Markets regulator Sebi on Wednesday provided clarity on the applicability of new norms for related party transactions, saying companies need not seek fresh approval from shareholders in case such deals were cleared prior to April 1. The watchdog has issued a circular on Related Party Transactions (RPTs) norms amid calls [...]
by PTI News | Mar 30, 2022 | 7:58 pm | Corporate Action, News
Mumbai, Mar 30 (PTI) With Axis Bank taking over retail banking operations of Citibank in India, 30 lakh account and credit card holders of the US banking giant will have to indicate if they are willing to migrate their business to the new owner. If the customers agree to Axis managing their business, their accounts, [...]
