A view on the financial world.
Monday- 4th March 2019 Two shareholders of UTI AMC, SBI and LIC have sought more time from the SEBI to divest their stake in the asset manager, but SEBI has declined them an extension of time. Last year, the SEBI introduced a cross-holding limit in mutual funds to eliminate potential conflicts of interest. Zomato Media, …
Monday- 25th February 2019 The income tax department has revived its demand that Cognizant provide documents related to the bribes it had paid to Tamil Nadu government officials to secure approvals for a building. Cognizant had voluntarily disclosed to the US SEC in 2016 the payment of bribes after it uncovered the 2014 payments in …
Monday- 21st January 2019 The RBI has outlined norms for private parties to apply for the development of retail payment systems such as IMPS, UPI and others. It has said that it could allow multiple entities to set up payment systems in India to encourage competition as there are very few players at present. In …
Monday- 7th January 2019 After issuing a circular that sought to clarify taxes on valuations, the CBDT withdrew it following a Congress party press conference at which it said the move would exonerate Rahul and Sonia Gandhi over income-tax liabilities in the Associated Journals Ltd case. The CCI has sought details from Samara Capital on …
Monday- 31st December 2018 The RBI has forecasted gross bad loans will decline to 10.3% of total loans by March 2019 from 10.8% at the end of September 2018 and 11.5% in March 2018. This is the first time since 2015 that the regulator has believed that the industry will report a decline in NPAs. …
The Financial Lens 