Sebi proposes to relax rules for re-classification of promoter as public shareholder

The regulator also proposed exemption from the procedure for reclassification following an open offer provided the intent of the existing promoter to reclassify has been disclosed in the letter of offer.

Primary steelmakers to offer preferential pricing to MSMEs

JSW Steel, Tata Steel and Jindal Steel and Power Ltd have introduced exclusive pricing schemes for MSMEs, while ArcelorMittal Nippon Steel (AMNS) said that they always supply steel at export-parity prices for MSMEs.

Stock exchanges, depository observing world investors week to raise awareness

Apart from NSE, rival bourse BSE and depository CDSL, stock brokers' association Anmi are also observing the world investor week (WIW) during November 23-29.

Sebi gives additional mode to investors to apply in public issue of debt securities

The new framework would be applicable to a public issue of debt securities which opens on or after January 1, 2021, the Securities and Exchange Board of India (Sebi) said in a circular.

Momentum of economic reforms will continue, FM assures industry

The government brought in Vivad Se Vishwas, the direct tax dispute resolution scheme, earlier this year, which stemmed from the success of the Sabka Vishwas scheme for the indirect tax regime introduced last year.

Cottonseed oil cake futures rise on fresh bets

For delivery in January cottonseed oil cake rose by Rs 44, or 2.12 per cent, to Rs 2,116 per quintal with an open interest of 16,030 lots.

Copper futures fall on weak demand

Copper contracts for December delivery declined Rs 1.10, or 0.20 percent, to Rs 558.85 per kg in a business turnover of 4,495 lots.

RBI asks banks not to approve proposals of foreign law firms to open branch office in India

The Supreme Court had held that advocates enrolled under the Advocates Act, 1961 alone are entitled to practice law in India and that foreign law firms/companies or foreign lawyers cannot practice the profession of law in India.

S&P sceptical of allowing corporates into Indian banking

A working group at the Reserve Bank of India recommended a series of changes, details of which were made public last week, that include allowing industrial houses to act as so-called bank promoters, meaning they could take a major stake in a lender.

India's business activity hits another post-lockdown high but pandemic revival a key risk: Nomura

The Nomura India Business Resumption Index (NIBRI) touched 87.1 for the week ended November 22, against 84.4 of the previous week, which was revised downward from 85.3, the firm said in a note on Monday. The jump in the weekly tracker of indicators of business activity was mobility-driven, led by a sharp rise in the Apple driving index, the note said.

Ahead of Market: 12 things that will decide stock action on Tuesday

Rahul Sharma, market strategist and research head, Equity99 Advisors, said, ?Markets settled higher on prospects of an early rollout of Covid-19 vaccines, which would prevent further lockdowns.?

India can attract $120-160 billion FDI annually by 2025: CII-EY report

As per the report, India has observed a GDP growth of 6.8% in the current decade, with FDI to GDP at around 1.8%. Adopting an approach of reshoring in manufacturing of electric vehicles and high-end machinery, regionalization of some of the global value chains in cotton textiles and mining, coupled with diversification of services are the factors that will determine FDI inflows post Covid-19, it said.

Diwali sales recover in several categories: RAI

It said luxury brands and occasion wear brands have indicated double digit growth, while formal office wear segment and services-led retail like salons are still at about 35% short of last year?s sales during the Diwali period.