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New Delhi: India will take all necessary steps to safeguard and promote national interest, Union commerce and industry minister Piyush Goyal said Thursday, a day after US President Donald Trump announced 25% tariffs plus a penalty on domestic exports to America from August 1. In a suo motu statement in both houses of Parliament, he…
BENGALURU: A city businessman looking to install solar plants recently fell prey to cybercriminals, not once but twice. Believing the claims of an online group, he initially transferred Rs 1.5 crore and then, in his desperate bid to recover it, lost an additional Rs 12.5 lakh to another gang of scamsters. In Feb, he had…
India’s capital markets regulator Monday proposed turnover-based changes to the rules governing related party transactions (RPTs), or deals between a listed firm and a linked entity such as the promoters, to ease compliance requirements for such companies. In a consultation paper published Monday, the Securities and Exchange Board of India (Sebi) recommended creating turnover-based buckets…
Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously). Income tax officials have been conducting searches at the American trading firm’s Indian offices since last week….
Illustrative Porvorim: In response to concerns about the influx of gig economy workers, as well as their labour rights and safety, CM Pramod Sawant on Monday said govt will introduce a policy to regulate gig workers employed by quick service delivery platforms. Sawant assured the legislative assembly that the guidelines would be in place within…
India insurance industry (Image for representation) India’s insurance regulator has fined PB Fintech‘s online insurance aggregator arm, Policybazaar, 50 million rupees (around $570,000) for regulatory lapses including directorships held by key managerial personnel, the company said on Tuesday. Policybazaar helps users select insurance coverage. The regulator had inspected Policybazaar in June 2020, following which PB…
A shattered market reflects conflicting prices for unlisted shares. Hushed discussions underscore the uncertainty. Pre-IPO shares offer investors an exciting opportunity to enter their favourite companies with guaranteed allotment, unlike the IPO bidding process where only a few make the cut and many hope to enter at lower prices to earn alpha returns upon listing….
Aditya Infotech IPO Listing Khaitan & Co has advised video security and surveillance company Aditya Infotech and its promoter selling shareholders on its initial public offering comprising a fresh issue of INR 500 crore and an offer for sale worth INR 800 crore. Trilegal and Hogan Lovells served as domestic and international counsel, respectively, to…
Rustam soil Mumbai-based law firm Truth Legal has significantly bolstered its corporate and real estate capabilities with the addition of senior partner Rustam soilwho was previously the managing partner of another Mumbai law firm, Desai Desai Carrimjee & Mulla. Mulla, a fourth-generational lawyer, has a strong expertise in real estate and general corporate matters. His…
New York, Indian-origin lawyer Mathura sridharan has been named Ohio‘s 12th solicitor general, the state’s top attorney for appeals in state and federal courts. Attorney General Dave Yost said in a statement last week that he proudly selected Sridharan for the role following the departure of her predecessor, Elliot Gaiser, who President Donald Trump tapped…