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PTI
September 22, 2018
The Reserve Bank of India announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates.


PTI
New Delhi, September 21, 2018
NRIs, OCIs (Overseas Citizens of India) and RIs (Resident Indians) have been permitted to hold non-controlling stake in FPIs.


BusinessToday.In
September 21, 2018
What brought on the heavy selling in the stocks of non-banking finance companies (NBFCs)? Blame it on tightness in the money market and investor concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL&FS.


Joe C Mathew
New Delhi, September 21, 2018
The cess will be structured in such a way that only a pre-determined amount will be collected within a specific time limit.


PTI
New Delhi, September 21, 2018
The EPFO also revised upward the number of new enrolments from September 2017 to June 2018 to 52.30 lakh from 47.13 lakh estimated earlier last month.


Ajita Shashidhar
September 20, 2018
The irony is that the home-grown retailers are starved for cash and need capital and at the same time global giants are finding ways of investing in multi-brand physical retail companies.


BusinessToday.In
New Delhi, September 20, 2018
Rana Kapoor to retire as Yes Bank MD and CEO by January 2019; Samara-Amazon bags Aditya Birla Group's retail chain; Gujarat Assembly increases MLAs' salary by at least Rs 45,000; and Alibaba's Jack Ma warns US-China trade war could drag for 20 years. Watch more in this episode of Business Wrap.


PTI
New Delhi, September 20, 2018
Hotel Leelaventure said the total interest outstanding as on date is Rs 13.80 crore and principal redemption amount outstanding as on date is Rs 45 crore.


BusinessToday.In
New Delhi, September 20, 2018
Apnidukaan.com is in the business of selling kitchen appliances, electronics and furniture. The owners are now in the process of asking Amazon to remove all references to Apni Dukaan.


BusinessToday.In
New Delhi, September 20, 2018
Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...


Mail Today Bureau
New Delhi, September 20, 2018
The tax department is also examining the airline's deal with Godrej Buildcon where Jet is said to have received Rs 1,725 crore as a monetary consideration.


BusinessToday.in
New Delhi, September 19, 2018
Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost sales; RCom to exit telecom fully to focus on realty: Anil Ambani; Sebi eases rules to woo foreign funds; move aims to arrest rupee fall, stock market volatility; CCI imposes total penalty of Rs 38 crore on 18 sugar mills; PNB fraud: ED eyes Nirav Modi's Rs 4,000 crore worth of foreign assets. Watch more in this episode of Business Wrap.


PTI
September 19, 2018
Following a review of the economy by Prime Minister Narendra Modi last week, the government announced an array of measures to check the decline of rupee and curb the widening current account deficit (CAD).


Aprajita Sharma
New Delhi, September 19, 2018
Market regulator Sebi did well to promptly address concerns around its earlier circular that barred NRIs and Persons of Indian Origin from being Beneficial Owners (BO) in FPI funds investing in India.


BusinessToday.In
September 19, 2018
While Reliance Nippon Asset Management fell over 10 percent, HDFC Asset Management Co slipped more than 9 percent in morning trade.


BusinessToday.In
New Delhi, September 19, 2018
Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...


Mail Today Bureau
New Delhi, September 19, 2018
Sebi says the mutual fund expenses will be brought down considering economies of scale. The easing of norms for FPIs is in tune with the government policy to attract foreign funds at a time when the rupee is depreciating sharply and the stock markets are on a roller coaster.


PTI
September 18, 2018
The Enforcement Directorate (ED) has zeroed in on foreign assets worth about Rs 4,000 crore of absconding diamond jeweller Nirav Modi for quick attachment under Prevention of Money Laundering Act (PMLA).


BusinessToday.In
New Delhi, September 18, 2018
Ola's latest round of funding from the two Chinese investment firms comes when the company is eyeing expansion across India and abroad.


BusinessToday.In
September 18, 2018
In an effort to curb mis-selling of schemes, the market regulator may bar mutual funds from paying upfront commission to distributors and financing their foreign junkets.


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