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Category: Business Updates

Business Updates

Govt allows direct listing of Indian companies on international exchanges of GIFT IFSC

June 11, 2020By businessreputationdata

The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the ‘Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme’.

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Business Updates

IDFC Bank looks to raise Rs 20 billion in fiscal 2024: Report

June 11, 2020By businessreputationdata

The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, according to the red herring prospectus (RHP).

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Business Updates

GST collection in July jumps 11% to Rs 1.65 lakh crore

June 10, 2020By businessreputationdata

It is for the fifth time, gross GST collection has crossed Rs 1.60 lakh crore mark, the ministry added.

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Business Updates

Centre’s fiscal deficit at August-end touch 36% of full-year target: CGA

June 9, 2020By businessreputationdata

In absolute terms, the fiscal deficit — the gap between expenditure and revenue — was Rs 6.42 lakh crore as of August-end, according to the data released by the Controller General of Accounts (CGA).

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Business Updates

International banker Ashok Vaswani to head Kotak Mahindra Bank

June 8, 2020By businessreputationdata

Vaswani has a proven track record spanning three-and-a-half decades, initially at Citigroup and more recently, at Barclays, of building and growing global businesses at scale.

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Business Updates

Adani stocks rally as SC says no ground to transfer Hindenburg probe from SEBI to SIT

June 7, 2020By businessreputationdata

Adani Share Price Today: Adani Energy Solutions surged 17.83 per cent, NDTV jumped 11.39 per cent, Adani Total Gas climbed 9.99 per cent, Adani Green Energy soared 9.13 per cent and Adani Enterprises surged 9.11 per cent on the BSE.

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Business Updates

Targeting 1 mn CBDC transactions per day by end 2023: RBI Deputy Governor T Rabi Sankar

June 6, 2020By businessreputationdata

The Rs 8,000 crore project, according to the government statement issued March, would create 50,000 jobs.

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Business Updates

Automated IGST refunds on pan masala, tobacco, similar items to be restricted from October 1

June 6, 2020By businessreputationdata

Exporters of such items will have to approach jurisdictional Tax officers with their refund claims and get them cleared, as per a notification dated July 31.

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Business Updates

Tech Mahindra shares drop after company posts biggest profit decline in 16 years

June 4, 2020By businessreputationdata

In the intraday session, Tech Mahindra fell 4.6 per cent to Rs 1,089 on BSE. At the time of writing, Tech Mahindra shares were trading around 3 per cent lower at Rs 1,108.80.

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Business Updates

‘Violent extremist organisation’ in India collected funds through well-structured networks: FATF report

June 3, 2020By businessreputationdata

India’s onsite assessment by FATF is slated for November, while the assessment is likely to come up for discussion in the plenary discussion in June 2024.

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