• India’s Chief economic Advisor says he is disappointed with the fourth quarter growth numbers, but feels there is enough in the details to give hope that economy will look up.
• Government is considering putting curbs on import of gold by canalizing agencies like MMTC Ltd and State Trading Corp Ltd in line with similar restrictions on banks imposed last month.
• Union Cabinet approves a proposal for conciliation with Vodafone on their Rs 14,000 cr tax dispute; conciliation will pave way for amendments to the Income Tax Act.
• The Cabinet clears the Real Estate (Regulation & Development) Bill that provides for the creation of a regulator for the sector, and tighter norms for selling housing projects.
• The Cabinet defers the decision on a proposal to divest a 5% stake in Neyveli Lignite Corp.
• RBI tightens norms for import of gold by nominated agencies, premier and star trading houses, bringing parity in regulations for gold imports by banks and agencies.
• RBI bans import of gold by domestic consumers through bank credit and makes overseas purchase of the precious metal a cash & carry business.
• SEBI says 105 firms have failed to meet the minimum public shareholding requirement; bars the promoters and directors of these companies from accessing the capital market and freezes their voting rights and corporate benefits till they comply with the rule.
• Wipro bags a five year deal from Majid Al Futtaim Ventures to support the implementation of an ERP solution and provide managed services.
• REpower Systems, a subsidiary of Suzlon Energy Ltd, bags two contracts from France-based ABO Wind to supply 13 wind turbines.
• Tata Communications Ltd, in partnership with China Mobile and JW Marriott hotel, launch a telepresence suite to its global network in Shanghai.
• OnMobile to acquire US-based Livewire Mobile for $17.8mn
• Bank of Baroda announces a single rate of interest of 10.25% for all its home loans; the rate revision,which will be effective June 1, will be available to borrowers irrespective of tenor or quantum of the loan.
• International Finance Corp to partner with Axis Bank to support trade financing requirements of Indian exporters.
• Escorts Ltd signs MoU with SBI to provide financial assistance through the company's agricultural service infrastructure venture called Escorts Crop Solutions.
• Government is considering putting curbs on import of gold by canalizing agencies like MMTC Ltd and State Trading Corp Ltd in line with similar restrictions on banks imposed last month.
• Union Cabinet approves a proposal for conciliation with Vodafone on their Rs 14,000 cr tax dispute; conciliation will pave way for amendments to the Income Tax Act.
• The Cabinet clears the Real Estate (Regulation & Development) Bill that provides for the creation of a regulator for the sector, and tighter norms for selling housing projects.
• The Cabinet defers the decision on a proposal to divest a 5% stake in Neyveli Lignite Corp.
• RBI tightens norms for import of gold by nominated agencies, premier and star trading houses, bringing parity in regulations for gold imports by banks and agencies.
• RBI bans import of gold by domestic consumers through bank credit and makes overseas purchase of the precious metal a cash & carry business.
• SEBI says 105 firms have failed to meet the minimum public shareholding requirement; bars the promoters and directors of these companies from accessing the capital market and freezes their voting rights and corporate benefits till they comply with the rule.
• Wipro bags a five year deal from Majid Al Futtaim Ventures to support the implementation of an ERP solution and provide managed services.
• REpower Systems, a subsidiary of Suzlon Energy Ltd, bags two contracts from France-based ABO Wind to supply 13 wind turbines.
• Tata Communications Ltd, in partnership with China Mobile and JW Marriott hotel, launch a telepresence suite to its global network in Shanghai.
• OnMobile to acquire US-based Livewire Mobile for $17.8mn
• Bank of Baroda announces a single rate of interest of 10.25% for all its home loans; the rate revision,which will be effective June 1, will be available to borrowers irrespective of tenor or quantum of the loan.
• International Finance Corp to partner with Axis Bank to support trade financing requirements of Indian exporters.
• Escorts Ltd signs MoU with SBI to provide financial assistance through the company's agricultural service infrastructure venture called Escorts Crop Solutions.
No comments:
Post a Comment