Category Archives: Corporate

Raksha Mantri flags off 51st K9 VAJRA-T Gun from L&T Armoured System Complex

Raksha Mantri flags off 51st K9 VAJRA-T Gun from L&T Armoured System Complex

PIB News Update: Raksha Mantri Shri Rajnath Singh flagged off 51st K9 VAJRA-T Gun from Larsen & Toubro (L&T) Armoured System Complex at Hazira in Gujarat today. Addressing a gathering on the occasion, Raksha Mantri called for active participation of the private sector in defence manufacturing, reaffirming the Government’s commitment to make … Read More

MCA | IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

Insolvency and Bankruptcy Board of India (IBBI)

PIB News Update: The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on 6th January 2020.

The amendment clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall… Read More

Launching ‘Purvodaya’ : Accelerated development of Eastern India through an Integrated Steel Hub

Launching Purvodaya, Accelerated development

PIB News Update: Ministry of steel in partnership with CII and JPC is organising the launch of Purvodaya-Accelerated Development of Eastern Region through an Integrated Steel hub, in line with Prime Minister’s Vision  for focused development of the Eastern States. Shri Dharmendra Pradhan, Minster for Petroleum & Natural Gas and Steel will… Read More

MCA | Acquisition by ROC Star Investment Trust of equity share capital of Star Health and Allied Insurance Company Ltd from Snowdrop Capital PTE Ltd

Competition Commission of India(CCI)

PIB News Update: The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulations 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination… Read More

PMO | PM chairs meeting with various sectoral groups in a pre-budget exercise

PM chairs meeting with various sectoral groups in a pre-budget exercise

PIB News Update: Prime Minister Shri Narendra Modi called for a focussed effort from all stakeholders in order to achieve the target  of 5 Trillion Dollar Economy in India.Prime Minister was interacting with various senior Economists, Private Equity/Venture Capitalists, Business Leaders from  Manufacturing, Travel & Tourism, Apparel & FMCG,… Read More

MCA | 3 Combinations get automatic approval under CCI Green Channel

Competition Commission of India(CCI)

PIB News Update: The Competition Commission of India (CCI) received the following three Green Channel combinations filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulation 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011… Read More

Ashmita Sethi appointed MD India- Pratt & Whitney

Ashmita Sethi appointed MAshmita Sethi appointed MD Pratt & WhitneyPratt & Whitney

Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) announced the appointment of Ashmita Sethi to the position of Managing Director for India. As Pratt & Whitney’s senior-most in-country leader, Ms. Sethi will provide strategic direction for the Company’s growth and business goals in India, and drive all of Pratt & Whitney… Read More

FM Pre-Budget Consultation with Representatives of Infrastructure Sector & experts of energy sector and climate change

FM holds Pre-Budget Consultation with the Representatives of Infrastructure Sector and experts

PIB News Update: Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, held her seventh  Pre-Budget Consultations with different stakeholders from Infrastructure Sector and experts of energy sector and climate change in connection with the forthcoming General Budget 2020-21 here today.

The main areas of discussion during the… Read More

Ministry of Finance | FM holds 6th Pre-Budget Consultation with prominent Industrialists

FM holds 6th Pre-Budget Consultation

PIB News Update: Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her 6th Pre-Budget Consultation with leading Industrialists here today in connection with the forthcoming General Budget 2020-21.

Along with the Union Finance Minister, the meeting was attended by Shri Anurag Singh, Thakur, Union Minister of State for … Read More

MCA | CCI approval for acquisition of shares in SBI General Insurance by Napean Opportunities LLP

Competition Commission of India(CCI)

PIB NEWS Update: The Competition Commission of India (CCI) approves acquisition of shares in SBI General Insurance by Napean Opportunities LLP.

The proposed combination relates to the acquisition of 16.01% paid up share capital of SBI General Insurance Company Limited (SBI General Insurance) by Napean Opportunities LLP (Napean). The Napean is a newly… Read More

MCA | CCI approval for acquisition of shares in SBI General Insurance by Honey Wheat

Competition Commission of India(CCI)

PIB News Update:The Competition Commission of India (CCI) approves acquisition of shares in SBI General Insurance by Honey Wheat. The proposed combination relates to the acquisition of around 9.99% of the equity share capital of SBI General Insurance Company Limited (SBI General Insurance) by Honey Wheat Investment Limited (Honey Wheat).

Honey Wheat … Read More