DEL80 CAB-BANKS MERGERBanks' merger to come into effect from Apr 1, says SitharamanNew Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from April 1, 2020.
DCM23 LSQ-TELECOM-AGR DUESBalance AGR dues of telcos pegged at Rs 1,30,440 crore: DhotreNew Delhi: The government has received Rs 15,896.5 crore payment from telecom companies towards AGR liabilities, placing the remaining dues at Rs 1,30,440.4 crore, the Lok Sabha was informed on Wednesday.
DEL69 CAB-COMPANIES LAWGovt approves more amendments to companies lawNew Delhi: The government on Wednesday cleared more amendments to the companies law, including decriminalising various offences.
DEL97 BIZ-LD-NCLAT-ILFS-AUDITORSNCLAT dismisses Deloitte, KPMG and auditors pleas against impleadment in IL&FS matterNew Delhi: The NCLAT on Wednesday dismissed the pleas of auditors of debt-ridden IL&FS -- Deloitte Haskins & Sells and KPMG arm BSR & Associates -- along with independent directors challenging their impleadment in the case of alleged fraud at a group firm IFIN.
DEL93 CORONAVIRUS-BIZ-HAND SANITIZERSChemist shops run out of hand sanitizers, face masks in several parts of Delhi-NCRNew Delhi: Hand sanitizers and face masks vanished from chemist shops in many areas of the national capital and adjoining towns as people resorted to panic buying amid the coronavirus outbreak.
DEL89 BIZ-LD STOCKSMarkets recoil as coronavirus cases spike in India; bank, finance stocks slumpMumbai: Equity indices resumed their downward march on Wednesday as domestic investors were spooked by a sudden spike in coronavirus cases in India.
DCM41 BIZ-TELECOM-DUES-PSUSGovt detaches GAIL, OIL, other PSUs from AGR caseNew Delhi: The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday.DCM22 BIZ-LLP SCHEMEGovt to bring settlement scheme for LLPsNew Delhi: The government will come out with a one-time settlement scheme for Limited Liability Partnerships (LLPs) that will provide more time to submit their pending documents as well as immunity from prosecution for defaults.
DCM17 BIZ-NCLAT-LD CCI-FLIPKARTNCLAT asks CCI to probe against Flipkart over allegations of unfair practicesNew Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked fair trade regulator CCI to initiate again the probe against e-commerce major Flipkart for an alleged use of its dominant position.
DCM32 BIZ-IPO-LD SBICARDSSBI Cards IPO subscribed 15.15 times so far on third day of biddingNew Delhi: SBI Cards and Payment Services initial public offer was subscribed 15.15 times so far on the third day of bidding on Wednesday.
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