© orporate Updates on 26.9.2019
Ø US slaps news curbs on Chinese entities over Iran oil
Ø Essel gets more time from mutual funds to repay loan
Ø Take advantage of opportunity, invest in India: Modi
Ø 'Faster decisions by judiciary, banks will boost growth'
Ø ADB cuts India's GDP growth forecast to 6.5 pc for FY20
Ø SEBI floats tighter norms for defaults disclosure with rating agencies
Ø Emerging economies to continue to lead global growth: Euromonitor survey
Ø Sugar industry expects to bounce back after price rise, Govt. measures
Ø *25 richest Indians now have net worth equal to 10% of the country's GDP*
Ø Global economic uncertainties dampen India's M&A activity in August
Ø NCLT directs Jet Airways lenders to disburse lifeline funds within 15 days
Ø IRCTC IPO to open on September 30
Ø Oil Companies withdraw 0.75 per cent cashback on fuel purchases
Ø Spicejet eyes over $10 billion deal with Airbus amid Boeing woes
Ø NTPC to set up 520 MW of hydro projects in Himachal Pradesh
Ø Lupin ropes in Jon Stelzmiller to head US speciality business
Ø Sachin Bansal acquires microlender CRIDS, marks entry into financial services
Ø GSK Pharma suspends sale of ranitidine on detection of carcinogen
Ø SEBI lays framework for startups to shift to main stock exchange after 1 year
Ø Listed companies asked to promptly disclose all details on default
Ø Remove Dividend Distribution Tax, promote investment: Direct Tax Code panel
Ø 14.24 lakh new jobs created in July, says ESIC payroll data
Ø Iraq urges Indian companies to participate in energy and infra projects: Envoy
Ø Trade deal off: Efforts on to end India-US impasse
Ø SEBI relaxes FPI norms; allows off-market transfer of securities
Ø Govt. reconstitutes Economic Advisory Council under Bibek Debroy
Ø SENSEX ends over 500 points lower; Nifty below 11,500
Ø Mukesh Ambani richest Indian with net worth of Rs 3,80,700 cr: Report
👉State-owned Indian Bank decides to link all new floating rate retail as well as MSME loans with the Reserve Bank of India's repo rate from October 1.
👉The income-tax (I-T) department has identified about 400,000 taxpayers who will face scrutiny under the new faceless assessment scheme. Notices were being served to a little over 100,000 assesses, seeking explanation on the returns filed within 15 days.
👉The Central Board of Direct Taxes (CBDT) will on Thursday conduct a pan-India review of the ambitious e-assessment system for income-tax payers before rolling it out next month.
👉Easing the regulatory framework for foreign portfolio investors, Sebi has simplified KYC requirements for them and permitted them to carry out off-market transfer of securities.
👉SEBI has come out with new norms that make it mandatory for companies to provide details on delayed loan repayments and possible defaults to credit rating agencies amid concerns over banks citing 'client confidentiality' to resist sharing of such information by their borrowers.
👉Any extension given to a corporate entity by extending the debt instrument’s maturity needs to be considered a ‘default’ for the purpose of valuation, according to SEBI.