BUSINESS
NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend
The RBI has sought comments on the draft circular from NBFCs, industry participants and other interested parties by December 24.
India attracted $38 billion FDI despite pandemic: Amitabh Kant
He said that Niti Aayog has taken up various measures to attract FDI and has pushed limits in innovation. India is becoming an innovation-driven economy by removing regulatory barriers, he said, at a session titled 'Transformation of India with a focus on entrepreneur ecosystem' at TiE Global Summit.
Amazon, CII tie up to help MSMEs in 10 states adopt e-commerce
In a statement, Amazon India said, along with CII, it will work closely with the Ministry of MSME to enable lakhs of MSMEs across these states to leverage technology to reach customers in India and globally.
RBI report flagged ICICI loans to Videocon as 'imprudent' decision by Chanda Kochhar, says ED
The 308 page charge sheet, filed by the financial probe agency in Special PMLA court here last month, held that RBI official Malli Sudhakar, in a scrutiny report dated August 3, 2018 and in his statement to the agency on October 16 this year, revealed that there was "conflict of interest" on the part of Kochhar.
Net outflows from equity MFs at over Rs 12,900 cr in November
The net outflow stood at Rs 2,724.95 crore in October and Rs 734.40 crore in September. The outflow had stood at Rs 4,000 crore in August. In July, the net outflows stood at Rs 2,480.35 crore. Similarly, contributions through systematic investment remained flat at Rs 7,302.16 crore in November from Rs 7,799.98 crore reported for October.
ICICI Bank's board okays sale of 2.2% stake in ICICI Securities
The sale will be done through offer for sale (OFS) through the stock exchange mechanism.
DHFL resolution: Kapil Wadhawan writes to SEBI, RBI against 63 Moons
Last month, 63 Moons had filed a writ petition before the Madras High Court seeking direction to the Tamil Nadu government and the competent authority to attach various assets belonging to DHFL or in which DHFL holds a direct or indirect interest or the assets offered by Wadhawan.
Government again tries to sell Pawan Hans, invites EoIs
Around 2,84,316 equity shares are held by the President of India, through Ministry of Civil Aviation, aggregating to 51 per cent of the total paid-up share capital, and 2,73,166 equity shares are held by ONGC, aggregating to 49 per cent of the total paid-up share capital.
TVS Srichakra to invest Rs 1,000 cr in tyre capacity expansion
In a statement the company that rolls out tyres for two, three-wheelers and off-highway vehicles, said the capital expenditure would result in increasing the two and three-wheeler tyres capacity by 25 to 30 per cent and double the off-highway tyre capacity.
Uber finally sells its distraught self-driving car business
Selling ATG to Aurora Innovations, the deal marks the end of Uber's dream of replacing its cabs with robot drivers. In addition to acquiring ATG, Aurora also announced a strategic partnership with Uber that connects its technology to the world's leading ride-hailing platform.
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