Friday, 26 March 2021

26 March 2022 News and Updates

26th March 2K21

Ø  BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy
Ø  Reliance Retail tells govt e-commerce players bypassing foreign investment norms
Ø  Targetting investment from 1,000-odd cos including Tesla: Industry secy
Ø  Amazon calls on India not to alter e-commerce investment rules: Sources
Ø  Edelweiss Infrastructure Yield Plus acquires stake in Engie’s solar assets in India
Ø  Sebi to set up fund to buy stressed corporate bonds: FM Sitharaman
Ø  Second Covid wave unlikely to derail India's growth: RBI Governor
Ø  Govt launches auctions for second tranche of commercial coal mining
Ø  Mukesh Ambani sees a 'tsunami of opportunities' for entrepreneurs
Ø  BSNL, MTNL to get spectrum for 5G services without participating in auction
Ø  Sebi eases listing norms for startups; alters regulations on delisting
Ø  ONGC must scale up exploration activities: Ministry
Ø  Hitachi ABB Power upbeat on energy transition in India
Ø  Tata Cleantech secures up to 10 bn yen loan from JICA
Ø  NMDC plans ₹3,000 crore capex, targets 42 mt iron ore output next fiscal
Ø  Droom aims to list on the NASDAQ in H2 of 2022
Ø  Disclose all cryptocurrency dealings, MCA to India Inc
Ø  Sebi to relax rules for reclassification of promoter as public shareholder
Ø  India going to be epicentre of global growth, transformation: Mukesh Ambani
Ø  Laxmi Organic ends at 26% premium, Craftsman makes tepid debut
Ø  Barbeque Nation IPO subscribed 1.98 times on Day 2
Ø  Byju’s to raise $600-700 million at nearly $15 billion valuation
Ø  India poised to play “decisive role” in 5G era: TRAI Secretary
Ø  Normalcy restored for resolution of stress under IBC: Sahoo
Ø  Indian economy's revival seen 'unabated' despite infection surge: RBI governor
Ø  Regulation should not constrain innovation in fintech space: RBI governor
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BREAKING] CBDT again defers GST Reporting in Tax Audit Report [Read Order]

Read More: https://www.taxscan.in/cbdt-defers-gst-reporting-tax-audit-report/107228/
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⚫The SEBI eased eligibility and listing criteria on the so-called Innovators Growth Platform, a separate exchange venue for new-age startups.
⚫India registered 59069 fresh cases of Covid-19 in the past 24 hours. Maharashtra recorded the highest single day spike of 35952 cases. Delhi reported over 1500 cases for the first time this year.
⚫The MCA has made amendments to rules in the Companies Act, mandating firms to disclose investments in cryptocurrencies, spend on CSR, and benami property transactions, among others, in their financial statements from the next financial year. Co's will also have to disclose their relationship with struck off firms and the details of title deeds of immovable property not held in the name of the company.
⚫Management representations on advances, loans, and investments, etc, will have to be reported. One of these changes requires co's to use those accounting software for maintaining its books that allow it to record the audit trail of every transaction. 
⚫Co's will also have to disclose insolvency and bankruptcy matters and information relating to the valuation of the company’s assets in the board’s report. 
⚫Rail and road transportation services are likely to be affected and markets may remain closed in parts of the country on Friday as farmer unions protesting against the three agri laws have called a complete Bharat Bandh.
⚫Mid term removal of SBA’s by Indian bank challenged in Delhi High court. Writ petition filed, hearing at 10:30 today.
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