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Thu, 19 Jan 2017

Tobacco Giant BAT Buys Reynolds

Tobacco company GIANT has bought USA firm REYNOLDS for USD 50 billion. Reynolds is the second biggest player in the USA market and has three...

Market Reforms: SEBI Amends Existing Norms

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988...

NSE Introduces Online Facility for Investment

National Stock Exchange, Delhi has introduced an online facility for investment and subscription of exchange traded fund on its e-IPO platform. National Stock Exchange (NSE) conducted...

Airtel Payments Bank Launched

Bharti Enterprises Chairman Sunil Bharti Mittal launched India’s first payments bank – Airtel Payments Bank – giving a 7.25% interest on savings accounts, which...

SpiceJet Boeing Deal for 205 Planes

SpiceJet has done a deal with Boeing to purchase up to 205 new aircrafts with the order valued at Rs 1,50,000 crore. With the earlier...

New Credit Rating Framework for Infrastructure Projects

Credit rating agency CRISIL has developed a new credit rating framework for infrastructure projects that would facilitate greater participation by long-term investors and lenders....

Cipla Gets New Independent Director

Global pharmaceutical company Cipla Ltd, has appointed Peter Lankau as an independent director on its board with effect from January 10. Lankau has graduated with...

McDonald’s Sells China Operations

Fast-food giant McDonald’s of USA will sell its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle...

Paytm Gets Approval for Payments Bank

Mobile commerce company Paytm has got ​Reserve Bank of India (RBI) approval to formally launch Paytm Payments Bank. ​Last year, the RBI had issued ​a...

Bombay Stock Exchange Gets Nod for IPO

Indian Stock Exchange, BSE has got clearance for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). BSE had filed a...

Fairfax Gets Stake in Catholic Syrian Bank

Fairfax Financial Holdings has received Reserve Bank of India (RBI)’s approval to acquire up to 51 per cent stake in Kerala-based Catholic Syrian Bank...

RBI Nod to Mobiwik Payment System

Mobile wallet firm MobiKwik has received an in-principle approval from the RBI to set up a Bharat Bill Payments Operating Unit (BBPOU). The company will...

Major Policy Initiatives in Corporate Sector

Following are the major Policy Initiatives and Achievements of the Ministry of Corporate Affairs, Government of India during the Year-2016: 1. To review the Companies...

Bombay Stock Exchange Issues Bonds

The Bombay Stock Exchange will introduce new interest rate futures (IRF) contracts from December 30 on six-year government bonds maturing in 2022. The IRF contract...