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Union Budget 2021: Finance Ministry to start budgetary exercise from Oct 16

The Finance Ministry issued a Budget circular on Thursday evening, which contains necessary instructions and deadline for submission of details by different central ministries and departments

Sebi directs mutual funds to report restructuring requests to raters

Debenture trustees have been directed to communicate immediately to investors any restructuring proposal

SP slaps notice on Tata Sons board, seeks damages for blocking fund raise

Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders

ACKO raises $60 million from Munich Re and other existing investors

The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital

Micron Technology partners top varsities to foster tech innovations

The US-based company has introduced the Micron University Research Alliance (URAM), which will focus on building talent in science, technology, engineering and math

Analjit Singh, Max Ventures sell Max Healthcare shares worth Rs 516 crore

Singh sold his entire stake of 0.64 per cent stake worth Rs 64.41 crore in Max Healthcare, which, according to Friday's closing price, has a market capitalisation of Rs 11,877 crore

Adani's defence subsidiary acquires majority stake in PLR Systems

The transaction was completed by way of a cash transaction with one of the existing shareholders of PLR Systems

Kamath panel to submit recommendations on debt restructuring today

The panel was formed to advise the RBI on the debt restructuring of corporate borrowers facing stress due to the pandemic.

KfW IPEX-Bank offers loan of 10 mn euros to Srei Equipment Finance

The borrower, SEFL, was set up in 2008 to pool orders from individual Indian construction companies and make the newly ordered machines available to the respective users.

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

NCLT approves sale of IL&FS' education assets to Falafal Technology

IIDMCC is the wholly-owned subsidiary of ITNL International Pte Limited (IIPL), which in turn is a wholly-owned subsidiary of IL&FS Transportation Networks Ltd

Infosys to hire 12,000 more tech professionals, fresh grads in US by 2022

In 2017, the company had committed to hire 10,000 locals in two years which it has exceeded. Since then, the Bengaluru-based based firm said, it has created 13,000 jobs in the country

Sebi eases default recognition norms for Covid-related debt restructuring

It had directed credit rating agencies not to assign default grade to entities that undergo restructuring solely due to Covid-related stress, earlier in March

Marketing expert Krishan Premnarayen gets AAAI Lifetime Achievement Award

Premnarayen, who became the youngest president of AAAI in 1988, had played a key role in its rise to prominence and its tie-ups with I&B Ministry, Doordarshan and All India Radio

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Sebi delays implementation of new norms for proxy advisors due to Covid-19

The new framework, which was to come into effect from September 1, will now be applicable from January 1, 2021

Regulator extends price cap on knee implants by one month till Sept 15

The NPPA had allowed firms to take a 10 per cent hike for their knee implant products last year

Unlock BFSI 2.0: Indians learnt importance of health insurance after Covid

But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days

Unlock BFSI 2.0: From push, insurance has become a 'nudge product'

While demand for insurance, especially protection products, has gone go up, affordability is an issue