Jaitley said that 7.7% economic growth in Q4 of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is likely to continue.
Sebi plans to put in place revised norms for recovering investors' money in cases of illegal collective investment schemes.
"...Vedanta Star Ltd has acquired management control of Electrosteel Steels Ltd," a filing by Electrosteel Steels said.
"The Code is a general law. It applies to all kinds of businesses, except financial service providers," Sahoo told PTI.
Union Minister Arun Jaitley today said the amendments to the Insolvency and Bankruptcy Code will eliminate "fly by night" operators in the real estate sector and ensure timely completion of projects.
Giving significant relief to home buyers, Kovind gave assent to the ordinance making amendments to the Insolvency and Bankruptcy Code (IBC), which will recognise their status as financial creditors.
Sebi has relaxed requirements to comply with delisting norms for companies facing insolvency proceedings provided the resolution plan lays down the procedure for delisting entity from the exchanges.
Vedanta Ltd said it has deposited an upfront amount of Rs 5,320 crore in the escrow account of ESL following the latter's acquisition through the insolvency process.
PNB plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end, an official said.
Objective of the bankruptcy law is to resolve an insolvency and revive an asset for collective good and not to maximise value for a chosen few, Sahoo said.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20