Paytm’s parent One 97 Communications Ltd on Friday said it has formed an advisory committee chaired by M. Damodaran, former chairman of the Securities and Exchange Board of India (Sebi). The committee will work with the One97 board on strengthening compliance and regulatory matters. The committee will also include M.M. Chitale, former president of the … Read more
British American Tobacco (BAT) is the largest shareholder in ITC holding 29.03% stake. It has informed that it is looking to reduce it’s stake as part of the Capital reallocation strategy. “We continue to pursue all opportunities to enhance balance sheet flexibility and, as part of this, we regularly review our stake in ITC. We … Read more
Union finance minister Nirmala Sitharaman on Thursday tabled the white paper on the Indian economy in the Lok Sabha. The discussion on the 54-page document will take place on Friday. In her Interim Budget speech, the finance minister had announced that the Centre will come out with a white paper on the economy outlining the … Read more
The Rs 4,783-crore revival package of bankrupt Jet Airways offered by the Jalan-Kalrock consortium appeared headed for a dead-end as Supreme Court on Friday refused to extend the Jan 31 deadline for the successful bidder to deposit Rs 150 crore. Appearing for Jalan-Kalrock, senior advocate Maninder Singh tried to convince a bench of Chief Justice … Read more
The UK’s Opposition Labour Party has claimed Infosys was effectively granted “VIP access” after a media report alleged the software services major was promised help to grow in Britain due to Prime Minister Rishi Sunak’s familial connection with co-founder Narayana Murthy. A ‘Sunday Mirror’ report based on a freedom of information (FOI) request said Trade … Read more
Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes, an official statement said on Sunday. Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and officials met on February 3 to discuss and … Read more
‘ED probing Paytm and bank unit over forex violations’ Source link
When Kris Lin, who owns a lighting factory in China, received this year’s first order from a close overseas client, he faced a distressing choice: take it at a loss, or tell workers not to come back after the Lunar New Year. “It was impossible for me to lose this order,” said Mr. Lin, who … Read more