RELATED PARTY TRANSACTION

"... we wish to inform you that the Company is acquiring 35,12,107 equity shares of Rs 10 each at a price of Rs.294/- per share (including premium of Rs.284/- per share) aggregating to Rs. 1032.60 million by way of subscribing to the rights issue of...

What is AIS, how to download AIS: Annual Information Statement (AIS) is a statement introduced by the income tax department in 2021. This statement is a comprehensive which help individuals and other taxpayers to get access of most of their financia...

AAP leader Sanjay Singh accused PM Modi of undermining justice system as Delhi HC halted a trial court's bail to CM Arvind Kejriwal in money laundering case. Singh claimed BJP's conspiracy, demanded apology. He criticized ED's challenge to the court...

Incremental currency in circulation since the election commission announced the election date in March till the last phase of election at Rs 89,080 crore as of June 7 was 22 percent higher than Rs 72,680 crore in the same period of 2019 elections. T...

Godrej Properties sells 5% equity stake in Godrej Green Homes to Godrej Fund Management and Investment Advisors for Rs 46.70 crore.

NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.

"There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI's approval on the proposed third-party model because there is no established rulebook for this kind of arrangement," a sour...

​Shareholders of Nestle India Ltd have turned down the company's proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock ex...

Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.

China supports Moscow in the Ukraine war despite Western pressure. Beijing backs President Vladimir Putin, exporting essential dual-use products monthly. Western sanctions target Russia's struggle to sustain the assault without Beijing's support.

PNB has noticed that some unscrupulous individuals have pretended to be Punjab National Bank officials on phone calls and SMS messages, using our name and brand while purporting to be promoting fake products in an attempt to deceive consumers.

Former President Donald Trump faces the threat of jail time for violating a gag order in his hush money trial. Big-name witnesses like Stormy Daniels and Michael Cohen are expected to testify, shedding light on alleged cover-ups and deceptive practi...

Five years back, ask anyone on the street and he or she would be all in for private banks as an investment both as long term or short term. Nobody would talk of PSU banks as something which are worth investing in. Today, the situation is different. ...

NSE has to share the valuation report with Sebi and the company. Within two weeks of receiving the valuation report, Linde should place it before the audit committee and board of directors, the regulator said in an interim order.

India’s financial intelligence unit issues new alert indicators under PMLA for various sectors to combat money laundering and terrorism financing. Collaborations with regulatory bodies aim to strengthen monitoring, reporting, and analysis of suspici...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it compulsory for real estate developers to include their bank account details in recovery warrants sent to the revenue department. This move aims to streamline the compensation re...

Sanghi Industries secures shareholders' consent for related-party transactions with ACC, Ambuja Cements, and Adani Enterprises. Despite some opposition, the resolutions pass, allowing the company to sell its cement and clinker to ACC and Ambuja, and...

Of the public institutions that voted, a little over 93% were in favour of the transactions related to ACC and Ambuja Cements. Voting in non-institutional public shareholders showed nearly 86% in favour of the transaction.

Lenders want the regulator to tweak the age-old rule. "We have told the Reserve Bank of India (RBI) to modify the regulation so bank boards are not involved in proposals on renewal of loans when there is a 'related party' issue," a senior banker tol...