10 entities pay Rs 6cr to settle Sebi case

NEW DELHI: Ten entities have settled a case of trading using non-public information from guest experts on Zee Business with markets regulator Sebi after paying a total of Rs 6 crore towards the settlement amount. The settlement includes a six-month voluntary market debarment. Saif Ali Khan Health Update Source link

Economy

Q-com entities getting into ambulance service, medicines should not break laws: Goyal

Quick commerce companies like Blinkit, that are getting into areas such as 10-minute ambulance services, have to make sure they meet the law of the land, Commerce & Industry Minister Piyush Goyal said. “As regards Blinkit doing ambulance services or medicines being delivered, my only submission would be that they have to make sure that […]

Economy

Creation of independent entities will bring better value to our stakeholders: Ravi Jakhar of Allcargo group

The ₹20,000 crore Allcargo group is looking towards the upcoming FY26 with major changes in the group including splitting the international and domestic business which will happen by April 2025. The logistics industry is also witnessing interesting shifts both globally and domestically. businessline spoke to Ravi Jakhar, Chief Strategy Officer, Allcargo Group on the company’s business and […]

Economy

Tax relief: No TDS on cash withdrawals for approved foreign entities

Cash withdrawal by foreign representations will not attract tax Deducted at Source (TDS) from December 1, Income Tax Department has said. “The Central Government after consultation with the Reserve Bank of India, hereby specifies that the provisions of section 194N of the said Act shall not apply to Foreign Representations duly approved by the Ministry […]

Economy

India open to examine transactions of US-sanctioned Indian entities if given proof of military use of SCOMET items: Sources

India may examine the transactions made by the Indian entities that were recently sanctioned by the US for allegedly supplying Russia with dual-use goods for use in military operations against Ukraine if given some proof to establish that the exported items were covered under its SCOMET policy and were being put to military use, sources […]

Macrotech Developers acquires Bain Capital’s stake in three joint entities for ₹307 crore

Nov 07, 2024 12:06 PM IST Macrotech Developers Ltd enters into agreements for acquisition of Bain Capital’s stake in 3 joint entities under digital infrastructure platform for ₹307 crore Macrotech Developers Ltd, that sells real estate properties under the Lodha brand, has acquired Bain Capital’s stake in three industrial and logistics park entities for ₹307 […]

Economy

US puts 19 Indian entities on sanctions list for ‘enabling’ Russia’s war against Ukraine

The US has announced sanctions against 19 private entities from India and two Indian nationals, which featured in a list of nearly 400 entities and individuals sanctioned from across the world, for “aiding” Russia’s war against Ukraine. The US State Department’s decision to target a significantly large number of Indian companies this time for allegedly […]

Finnish VTT in historic collaboration with US entities – commercial fusion energy closer than ever

Press release 30 October 2024 VTT, based in Finland, has been selected as the first-ever foreign partner to join an ARPA-E research program funded by the US Department of Energy, focusing on enabling the commercialisation of fusion energy. Related to the collaboration, VTT and Lawrence Livermore National Laboratory (LLNL) in California, […]

RBI revises norms for entities applying for CCP

The Reserve Bank of India on Monday revised its June 2019 criteria for Central Counterparties. A Central Counterparty (CCP) is a system provider that uses novation to act as an intermediary between participants in transactions accepted for settlement. It acts as the buyer to every seller and the seller to every buyer, facilitating the settlement […]