Daily Archives: November 4, 2019
The government may have opted out of the Regional Comprehensive Economic Partnership (RCEP) agreement but is expected to pursue separate trade agreements with some of the countries that will be part of the bloc, such as Australia and New Zealand.
Non-banking finance companies (NBFCs) will now have to maintain liquid reserves to ensure that they have a buffer for any unexpected requirements. The new rules are a fallout of the crisis in the sector following defaults by large firms like IL&FS Financial Services.
Uber India is projecting revenues of Rs 339 crore for ride-hailing, but surprisingly a negative Rs 762.5 crore in food delivery for the five-month period between August to December 2019, according to a valuation report filed by the San Francisco-based ride-hailing giant with the ministry of corporate affairs (MCA).
Sebi on Monday further tightened the norms for credit rating agencies (CRAs). The markets regulator has barred the MD and the CEO of a rating firm from being a member of its rating committee. Sebi also said that the rating committee of a CRA should be headed by its chief rating officer (CRO).
Rakesh Jhunjhunwala, the billionaire investor known for his nifty stock-picking skills, on Monday bought nearly 1.3 crore shares of troubled lender Yes Bank, or about 0.5% of its equity, at Rs 67 apiece for Rs 87 crore in total.
Varun Dhawan and Sara Ali Khan will be sharing screen space for the first time in David Dhawan’s ‘Coolie No. 1’ and it seems like the audience have already started liking the new onscreen pair. The duo often gets snapped in the characters on the sets of the film. Pictures and videos of the same are all over the internet.
The income tax department is set to launch a facility to instantly issue permanent account number (PAN) online, using details available in the Aadhaar database, helping end the wait time for applicants. Sources told TOI the service would be launched over the next few weeks and would also help those with an existing PAN get a duplicate in a matter of minutes.
The Ayushmann Khurrana-starrer ‘Bala’ faces fresh legal hassle over plagiarism charges, with a budding director named Kamal Kant Chandra claiming that the film’s script has been stolen from his biopic. Chandra has demanded a permanent stay on the release of ‘Bala’ because it is his “life story”.