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News in Short

Business

Tata Steel

Tata Steel has acquired the bankrupt Bushan Steel. The acquisition has become the first under the Insolvency and Bankruptcy Code (IBC), 2016. Bushan Steel was referred to the National Companies Law Tribunal for bankruptcy proceedings in 2017 by the RBI.

19-05-2018
Business

SEBI

SEBI is set to allow foreign entities to trade in commodity derivatives. But, the provision is only for those entities that have exposure to Indian physical derivative market.

19-05-2018
Business

SEBI For Secretarial Audits

SEBI has made it mandatory for all listed companies and their material unlisted subsidiaries to undertake secretarial audits. This was done as part of SEBI’s Listing Obligations and Disclosure Requirements (LODR) regulations. These measures were recommended by the Uday Kotak Committee on corporate governance.

12-05-2018
Business

Flipkart

The Indian e-commerce major has been acquired by American retailer Walmart. Walmart bought 77% stake in Flipkart at a value of $21 billion.

10-05-2018
Business

IIP

5.3% growth registered by core sectors in Index of Industrial Production in February. Highest growth is witnessed in Cement production. The eight core sectors are: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilisers, Steel, Cement and Electricity.

03-04-2018
Business

TCS

Tthe technology giant has become the second company from the country to achieve $100 billion in market capitalization. The first Indian company to achieve this is Reliance Industries Ltd.

24-04-2018

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