Manufacturing EVs and their parts domestically was also being pushed by the government under the Faster Adoption and Manufacturing of Electric and Hybrid vehicles (FAME) scheme.
With India's leading stock exchange getting ready for an initial public offering of shares, the algorithmic trading controversy may cast dark clouds as the matter still needs a closure.
Sebi today streamlined regulatory framework for 'scheme of arrangement' such as merger and acquisitions by listed firms to check any possible 'bypassing' of norms and prevent companies from seeking direct approval of NCLT for such deals.
There could be a spurt of pre-buying in January-March before the switch over to BS-IV norms, said Siddhartha Lal of Eicher Motors. But, the new emission norm changes will add more costs to company's vehicles, he said.
Relaxing lock-in period norms for those surrendering trading membership, NSE today said the members who have never traded or whose last trade date exceeds more than 3 years from the date of surrender approval, will be eligible for release of their deposits.
Markets regulator Sebi has ordered five companies and their directors to refund in three months the money raised from investors without complying with the public issue norms.
Markets regulator Sebi has eased restrictions on as many as five individuals against whom the regulator had taken action in a two different cases of alleged misuse of stock market platform for tax evasion and suspected money laundering activities.
Airports Authority of India (AAI) has been asked to conduct public hearing for its proposed Rs 2,587 crore second phase of Chennai Airport modernisation project as its gets central nod for preparing environmental impact study for the same.
Cutting down the advance notice period in OFS by markets regulator Sebi has provided operational flexibility to issuers while fully protecting the interest of retail investors, Disinvestment Secretary Neeraj Gupta said today.
The Commerce Ministry, along with IT industry body NASSCOM, has written to the US government to log its protest over a proposed bill that seeks to cut the number of H1B visa issued by the country, from 85,000 to 70,000, says sources.
The regulator has approved a proposal for issue of draft regulation, for disclosure requirements for issuance and listing of green Bonds, on which comments would be sought from all stakeholders before deciding the final norms.
While bad asset recovery norms are brought on par with banks, NBFCs should also be allowed recovery tools such as being brought under the SARFAESI Act or have access to the debt recovery tribunal, a top executive with an NBFC said, while commenting on the RBI's latest move to tighten norms.
The Reserve Bank of India announced a revised framework for non-banking financial companies (NBFCs), raising the minimum net owned funds limit while capping deposit acceptance and aligning bad loan norms with banks, reports CNBC-TV18's Latha Venkatesh.
The FM had also said there would be no restrictions on area and capitalisation if 30 percent of the project cost is earmarked for affordable housing.
The global survey of leading consultancy firm EY has ranked India as the most attractive investment destination followed by Brazil and China at second and third positions, respectively.
The Sebi board had in June approved the amendments of rules to permit listing of start-ups and SMEs in Institutional Trading platform (ITP) without an IPO. Sources said the Securities and Exchange Board of India is expected to notify the new regulations within a week.
Securities and Exchange Board of India (Sebi) would seek board approval for revision in illustrative format of statements of assets and liabilities as well as profit and loss to be furnished by listed companies, sources said.
Market watchdog Sebi has imposed a penalty of Rs five lakh on 18 entities for alleged failure to submit disclosures about changes in their shareholding pattern in Era Infra Engineering to the company and stock exchanges.
Experts say FDI can play a big role in rescuing the sector. If FDI inflows increase developers can finish stalled projects and maybe even expand. A higher supply would then help rein-in property prices and that is exactly what the government is looking at.
The RBI said importers need to retain 20 percent of the gold they import in customs-bonded warehouses, and will only be able to buy in more after exports equivalent to 75 percent of the retained amount have been shipped.
According to sources, DIPP has sought views on capping the minimum investment in back-end infrastructure to USD 50 million; allowing global retailers to open stores in cities with population less than 10 lakh; allowing FIIs in the sector and removing ambiguity regarding sourcing from SMEs after a unit crosses the USD 1 million investment mark.
Pankaaj Maalde of apnapaisa.com discusses on the need to relax the rule of declaring a person dead if he/she has been missing for the past seven years, especially in cases like that of Uttarakhand disaster. This, he says, would make it smoother for documents such as death certificate to be obtained for claims.
World Gold Council suggested that the government should treat gold as strategic assets, while advocating monetisation of country's huge gold stock to support economic growth.
Liberalising investment norms for the oil and gas sector, RBI today allowed state run ONGC Videsh (OVL) and Oil India (OIL) to invest in their incorporated overseas entities for exploration and drilling of oil and natural gas.