Page 305 - Bs Reporter

Godrej Fund Management announces first close of $500 mn office fund

GFM announced the first close of its $500 million office development platform, GBTC II in partnership with Netherlands-based APG Asset Management, the cornerstone investor in the platform

Adani airports in Ahmedabad, Lucknow and Mangaluru get ACI accreditation

The evaluation process by ACI under the AHA programme is carried out after reviewing the evidence presented based on 118 checks

Railways ministry nod to new iron ore policy, to come into effect in Feb

Higher priority given to movement of iron-ore traffic for domestic manufacturing

Sensex, Nifty slide as Joe Biden's $2-trillion relief plan sparks worries

The dollar rose, while oil prices came off their 10-month highs as investors mounted risk-off bets

PM Narendra Modi to e-inaugurate railway station near Statue of Unity

CM Rupani said the PM would flag off eight trains from Kevadia, some 195 kilometres from here, during the virtual function on Sunday

Rajasthan's power distribution companies to raise Rs 1,500 cr through bonds

The rating factors in the companies' status as a wholly owned power sector entity of the state government

Bank credit growth rises to 6.6% in fortnight to January 1, shows data

Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.

Income-Tax department brings out 'faceless penalty scheme'

It is aimed to complement the faceless assessment scheme by handling penalty recommendations

Irdai for extending validity of sandbox regulations by another 2 years

Due to Covid-19, most could not be completed within six months and they have been granted six months' extension

Trust MF launches maiden new fund offering: All you need to know

It will remain open for subscription from January 15-27, and be managed by Anand Nevatia along with Sandeep Bagla, CEO of Trust AMC

Bharti Airtel initiates process to revise foreign investment limit to 100%

Higher foreign investment limit can lead to an increase in Airtel's weight in the global indices, say analysts

CBDT launches e-portal for lodging complaints on tax evasion, benami assets

Tax Dept will allot unique number to each complaint; the complainant will be able to view status on Dept's website

Cube Highways replaces Lanco in 80-km Nelamangala-Devihalli highway project

Set up a new SPV pursuant to the substitution rights of the senior lenders in the concession agreement

Two BSES discoms pay Rs 400 cr in dues to NTPC-owned Aravali Power

Last week, NTPC served notices to six states and two Union Territories for non-payment of dues, saying it would shut off or restrict power supply if the discoms failed to clear their dues

Acuite Group launches firm to provide ESG ratings, assess performance

Its assessment approach includes identification of relevant risks, estimation of materiality and polarity of the risks, and evaluation of risk management framework

Need for more indigenisation of India's oil and gas sector: Petroleum secy

Kapoor gave the example of gas meters and said that presently there is not enough capacity in the country to manufacture them

Income tax returns cross 58 million hours before deadline, shows data

In view of the pandemic, the government had extended the deadline for filing returns multiple times in the past

India to start Covid vaccination drive from January 16: Check details

Indian drug regulator has granted the emergency use authorisation or accelerated approval for two vaccines

Govt asks 4 states, which account for 59% of active cases, to check surge

Maharashtra, Kerala, Chhattisgarh and West Bengal have been asked to take prompt steps o curb recent spike in Covid-19 cases