The Department for Promotion of Industry and Internal Trade (DPIIT), under the Government of India, has signed a Memorandum of Understanding (MoU) with Kyndryl Solutions Pvt. Ltd. to support the growth of startups in the manufacturing and IT sectors. The goal is to help early-stage companies build scalable digital solutions by offering technical and operational …
The Securities and Exchange Board of India (SEBI) is preparing to introduce a settlement scheme for stock brokers who received show-cause notices related to their association with unregulated algorithmic trading platforms. The scheme will be presented to SEBI’s board on March 24 as an information memorandum and is expected to be notified soon after. Low …
Eli Lilly has introduced Mounjaro (tirzepatide), a once-weekly injectable drug approved by the Central Drugs Standard Control Organisation (CDSCO), for the treatment of type 2 diabetes and weight loss in India. The drug is expected to be available in pharmacies across the country in the coming weeks with a valid prescription. Dual Receptor Mechanism Mounjaro …
The Reserve Bank of India (RBI) has announced that all agency banks handling government transactions must remain open on March 31, 2025, despite it being a public holiday in most parts of the country. This decision ensures that all financial transactions related to the fiscal year 2024-25 are completed within the same financial period. Why …
In a decisive move to reinforce transparency and accountability in toll operations, the National Highways Authority of India (NHAI) has debarred 14 user fee collection agencies for their involvement in irregular activities at toll plazas. This action underscores NHAI’s zero-tolerance approach towards contract violations and its commitment to efficient highway operations. Investigation Led by UP …
The government of India has notified changes to the Tax Collected at Source (TCS) framework under the Liberalised Remittance Scheme (LRS), which will come into effect from April 1, 2025. These updates aim to simplify taxation while ensuring compliance on high-value foreign transactions. Here’s a detailed look at what has changed and how it may …
Starting April 1, 2025, a significant change under the Goods and Services Tax (GST) regime will come into effect. The government has made it mandatory for businesses to use the Input Service Distributor (ISD) mechanism for the distribution of Input Tax Credit (ITC) across different branches or states. This change stems from amendments introduced through …
Employees, including key managerial personnel (KMP), from nearly 50 companies have acquired stocks worth ₹284 crore through Employee Stock Ownership Plans (ESOPs) in the first quarter of 2025, according to data compiled from the Bombay Stock Exchange (BSE). Key Personnel Boost Equity Holdings Among the prominent buyers, Rajeev Jain, Managing Director of Bajaj Finance, purchased shares …
In an effort to simplify processes for public offerings, the markets regulator SEBI proposed clarifications on the minimum holding period for equity shares in Offer for Sale (OFS) and on employee stock options (ESOPs) for founders designated as promoters. Consultation Paper on ICDR Regulation In its consultation paper, SEBI recommended changes to the ICDR (Issue …
New Delhi, Mar 20 (PTI) Billionaire Gautam Adani’s group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around USD 1.4-1.5 billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India’s …
