The automotive industry is a critical component of economic growth. The Indian auto industry is one of the largest in the world with an annual production of 23.37 million vehicles in FY 2014-15. The automobile industry...
GODREJ ‘s Consolidation of Interest in “THE TREES”
Godrej Properties Limited has informed that the Board of Directors of the Company at its meeting held on April 30, 2015, has approved the consolidation of Godrej Industries Limited’s interest in Godrej Vikhroli...
Foreign Holding Company can Issue Shares-Scheme Structuring
FOREIGN HOLDING COMPANY CAN ISSUE SHARES, AS PART OF CONSIDERATION ON BEHALF OF INDIAN TRANSFEREE COMPANY GlobeOp Financial Services (India) Private Limited (Demerged Company) is having registered office at A/301...
High-level Committee to Look at More Changes in Companies Act
Another round of amendments to Companies Act 2013 are in the pipeline after the government eased a host of provisions of the comprehensive law enacted by the previous UPA government that was seen by many...
VEDANTA’S “CAIRN” GAIN
London Stock Exchange-listed Vedanta Resources PLC, India’s biggest diversified natural-resources company, agreed to combine two of its Indian listed businesses — Vedanta Ltd. and Cairn India Ltd.—in an all-share deal...
Sterlite Technologies Demerges Power Division
Telecom and Power Transmission Solution provider Sterlite Technologies Limited is set to spin-off its power business into a separate unlisted entity named ‘Sterlite Power Transmission Limited’ while retaining its...
Sebi May Tweak Listing Norms For Start-ups
Securities and Exchange Board of India (Sebi) is all set to introduce new guidelines for technology-related start-up companies. Sources say Sebi is likely to consider increasing the portion of the issue size...
The Sunshine Sector of the Country
At a time when India is taking strident steps on the global stage, the Media and Entertainment (M&E) industry offers tremendous growth potential and exciting investment opportunities not only to domestic investors...
Shree Cement Buys Out Jaypee Cement’s Panipat Unit
As north India has only 16% of the country’s limestone resources, cement companies try to consolidate by acquiring companies for their raw material needs. One example of such a consolidation is Shree Cements Ltd...
Income Tax Changes Made in Finance Bill, 2015 by Lok Sabha
Finance Bill, 2015 was passed in Lok Sabha on 30.04.2015 with certain amendments via a notice of amendment dated 30.04.2015. In this article, I have covered some of the amendment in Provisions related to...
UNDISCLOSED FOREIGN INCOME AND ASSETS (IMPOSITION OF TAX) BILL, 2015
The government introduced an anti-black money bill to prevent stashing of illegally acquired money and penalise holders of illegal and undisclosed assets abroad in the Lok Sabha on 20th February 2015.The Undisclosed...
Sebi-FMC Merger to Boost Commodities Trading
Commodities regulator Forward Markets Commission (FMC) was merged with the capital markets regulator Securities and Exchange Board of India (Sebi) in September 2015. It is for the first time that a regulator had been...