The Economic Times
The Economic Times Sebi asks Religare to file Burmans’ open offer plan
Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
The Economic Times RBI penalties up 88% in 3 yrs; KYC, AML top list
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Customer (KYC) and Anti Money Laundering (AML) topping the list of non-compliances. The central bank collected ₹78.6 crore over the three years after imposing penalties on 261 occasions in 2023 alone, according to RBI reports compiled by Signzy, a fintech firm that manages regulatory compliance for institutions.
The Economic Times BHEL gets over Rs 3,500 cr order from Adani Power
The order's total worth is more than Rs 3,500 crore, excluding the GST, the company added.
The Economic Times Climate change: Cos need some big changes on compliances
World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Prime Database.
The Economic Times Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks
Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land. Additional recommendations include infrastructure investment, judicial reforms, enhancing export competitiveness, and further tax reforms, particularly bringing petroleum and power under GST.
The Economic Times Job market recovery may slow, for now
The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.
The Economic Times Top CFOs have mixed views on impact of coalition government on India Inc and economy
Amidst India's 2024 election results, top CFOs reflect on the implications of coalition governance for India Inc and the economy. Delving into the dynamics of the NDA's victory and the challenges of coalition politics, they offer insights into policy concerns and economic prospects.
The Economic Times Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 31 stocks were trading in the green, while 19 stocks were trading in the red.
The Economic Times RBI absorbs Rs 44,430 crore surplus liquidity ahead of its dividend spend by govt
The RBI's dividend payout announcement of Rs 2.1-lakh crore at the end of May, expected to be spent in early June and July, along with post-election government spending, is anticipated to support banking system liquidity.
The Economic Times NCLT orders insolvency proceedings against Jaypee Associates on ICICI, SBI plea
ICICI Bank's claim amounts to over Rs 3,000 crore, including interest.
The Economic Times Electoral shock dashes hopes of rate cut
Food inflation challenges RBI, impacting rate cuts. Elections, populist spending, and fiscal landscape influence rate cut decisions.
The Economic Times Tata Motors Finance to be merged with Tata Capital
Tata Motors announced a merger of Tata Motor Finance with Tata Capital, approved by their respective boards. This aligns with Tata Motors' strategy to focus on core businesses and emerging technologies. Tata Capital will issue its equity shares to Tata Motor Finance shareholders, giving Tata Motors a 4.7% stake in the merged entity. Tata Capital, a major NBFC in India, will expand its presence in CV/PV financing, aiming to offer innovative products and digital services. The merger is subject to regulatory approvals and is expected to take 9-12 months to complete, with no adverse impact on customers or creditors.
The Economic Times IPO wave in India has no reason to stop, say analysts
The $4 billion raised by India is about 45% less than what it collected in all of 2023, LSEG data shows, but outperforms China ($3 billion) and Saudi Arabia ($2.1 billion).
The Economic Times SEBI constitutes committee to review ownership, economic structure of clearing corporations
The ad-hoc committee will be chaired by Usha Thorat, who was a former Deputy Governor of the Reserve Bank of India (RBI).
The Economic Times CBIC invites suggestions on the draft 'Central Excise Bill, 2024'
The Central Board of Indirect Taxes and Customs (CBIC) has invited suggestions on the draft 'Central Excise Bill, 2024' from stakeholders. The last date for submitting the suggestions is June 26, 2024.