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Last updated: 05 Sep, 2017  
 India Economy News


Centre suspends fresh IBC proceedings till Dec
SME Times News Bureau | 24 Sep, 2020
In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December.
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Primary issuances attract most FPI inflows, MFs turn to mid-caps
SME Times News Bureau | 24 Sep, 2020
Inflow of foreign portfolio investments (FPI) surged last month with around $6 billion, or around Rs 47,000 crore, of net investments by overseas investors with a majority meant for primary issuances of shares.
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Centre allows Rs 9,913 cr additional borrowing by 5 states
SME Times News Bureau | 24 Sep, 2020
The Department of Expenditure, under the Finance Ministry, has granted five states permission to raise additional financial resources of Rs 9,913 crore through open market borrowings.
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SEBI rationalises norms to speed up rights issues
SME Times News Bureau | 24 Sep, 2020
In a bid to make fundraising through rights issues faster and cost effective, the Securities and Exchange Board of India (SEBI) on Wednesday rationalised norms and the eligibility criteria and regulations for such issues.
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Govt plans InvIT model to monetise even regulated tariff assets of PGCIL
SME Times News Bureau | 24 Sep, 2020
The government proposes to expand the asset monetisation programme of transmission utility Power Grid Corporation by including even the Regulated Tariff Mechanism based assets for sale under the InvlT model.
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Non-Personal Data Policy: Citizens cite risks of targeting, surveillance, data misuse
Sanjeev Sharma | 24 Sep, 2020
The citizen feedback on the Non-Personal Data draft policy is not positive as people say there is very little to gain and the risk is of increased targeting, surveillance and data misuse.
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MF trustees can have officer for administrative help by Jan 1
SME Times News Bureau | 24 Sep, 2020
The Securities and Exchange Board of India (SEBI) has deferred, till January 1, 2021, the timeline for appointment of dedicated officers for administrative assistance to trustees in monitoring various activities of asset management companies (AMCs).
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Sensex, Nifty end in red amid volatility, Bharti Airtel down 8%
SME Times News Bureau | 23 Sep, 2020
The Indian stock market settled on a flat-to-negative note after a largely volatile trading session, with the BSE Sensex closing 65 points lower.
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Modi raises red flag for India's 60 districts with CMs
SME Times News Bureau | 23 Sep, 2020
Prime Minister Narendra Modi on Wednesday raised a red flag about 60 districts of the country spread across seven states, as far as their handling of the current pandemic is concerned.
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Delhi HC seeks Centre's response on plea by BPSL ex-chief against IBC proceedings
SME Times News Bureau | 23 Sep, 2020
The Delhi High Court has sought a response from the Centre and others on a petition filed by ex-Chairman of Bhushan Power and Steel Ltd. (BPSL) Sanjay Singal challenging the provisions of personal insolvency proceedings against personal guarantors under the Insolvency & Bankruptcy Code, 2016.
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  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 Sep, 2020
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