The regulator has approved the proposed deal, as per the release. Deals beyond a certain threshold require approval from the fair trade regulator, which keeps a tab on unfair business practices and promotes fair competition in the marketplace.
PwC was appointed as statutory auditor of PPSL for five years from FY2022 to FY2026.
The International Monetary Fund (IMF) expects the global growth to slow down to 2.9 per cent in 2024 (2023: 3 per cent), lower than the pre-pandemic average growth of 3.8 per cent (2000-19).
Activision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the sale were enforceable by the regulator, soothing some residual concerns.
Education loans also offer attractive tax benefits — borrowers can avail of tax deductions on the interest component of their loan under Section 80E of the Income Tax Act.
“This transaction was expected to be completed by the end of the first half of fiscal year 2023, but based on the current state of preparation, we expect completion within the next few months,” Sony said in a statement.
“No age or time is bad enough to start a business or venture. All you need is a good idea and clarity of thought and perseverance to succeed,” Deepak Parekh said.
“It is observed that arrangements existing between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers,” the RBI said. Some banks have been forcefully asking customers to accept particular card networks.
Direct tax collection has been registering strong growth
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.13 per cent at 101.36 on Friday.