My World

My World

Bankruptcy code can help deepen bond markets: Tyagi

Capital markets regulator Sebi chairman Ajay Tyagi today expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments.

NPA resolution not to liquidate cos, but to help save them: FM

Assuring balance-sheet stressed firms that key objective of NPA resolution is not liquidation of their businesses but to save them, Finance Minister Arun Jaitley today said, the new insolvency law has significantly reversed defaulting debtor-creditor relationship.

Emami’s King of Ayurveda

Emami Ltd, the FMCG flagship of the Kolkata-headquartered diversified Emami Group, will now position its ayurvedic hair care brand- Kesh King as the “King of Ayurveda” with the help of a new campaign and brand film featuring Juhi Chawla and directed by the famed ad film-maker Pradeep Sarkar.

SC panel to scrutinise 241 anti-Sikh riot cases

The Supreme Court on Wednesday appointed a supervisory body comprising two former-apex court judges to examine the SIT’s decision to close 241 cases in the 1984 anti-Sikh riots matter.

A bench headed by Justice Dipak Misra also asked the body to scrutinise the SIT's justification in closing the riots- related cases and directed it to submit a report within three months.

“We constitute a supervisory body of two-former Supreme Court judges who shall scrutinise 199 matters and find out that SIT was justifiable in closing down.”

India, China officials meet after scuffle in Pangong Tso lake

Indian and Chinese officials met at Chushul in Ladakh a day after the reported clash between the boat petrol in picturesque Pangong Tso lake on the disputed boundary in southeastern Ladakh.

Despite the reports pointing at escalation of tension with the troops coming to blows and even pelting stones at each other, the two sides played down the incident that took place in the backdrop of two month long standoff in Sikkim. 

Big boost to bank stocks as Sebi eases open offer norms

Paring losses suffered in early trade, lenders led by Bank of Baroda rallied on Wednesday after markets regulator Sebi relaxed norms with regard to open offer under takeover regulations. The watchdog exempted banks from making mandatory open offers after buying stake in distressed listed companies.

Bank Nifty ended the day 1.34 per cent higher to close at 24,437.70. All bank stocks ended in the positive terrain except Yes Bank. Bank of Baroda gained 3.44 per cent; Punjab National Bank 3.04 per cent; State Bank of India 1.76 per cent on

New team of babus for next budget

Economic affairs secretary Subhash Chandra Garg will lead a new team of officials for the next year’s all-important Union budget that will be the last full-fledged budget of the Narendra Modi government before the 2019 general elections.

Finance minister Arun Jaitley’s fifth budget in all likelihood may sport a different look on three counts.
GST rollout leaves little room for tinkering in duties; a possible alignment of fiscal with calendar year and elections in April 2019.