Search Results for:Asit Ranjan Mishra

India: Bharatiya Mahila Bank to be merged with SBI

Bharatiya Mahila Bank had a loan book worth Rs 620 crore.

India: Consensus remains elusive on e-commerce policy

India is finding it difficult to reach consensus on a domestic e-commerce policy to effectively respond to a proposal of multilateral discipline in e-commerce as various government departments have contradictory views on the matter. Though India has publicly rejected the push from some members of the World Trade Organization (WTO)… Read more »

India rejects push to set multilateral rules on e-commerce

India on Thursday rejected a push to set multilateral rules on e-commerce and decided to send a team of trade officials to the World Trade Organization (WTO) headquarters in Geneva to find a permanent solution to the long-pending issue of public procurement of foodgrain. After a meeting with WTO chief… Read more »

India plans to overhaul $1.5b startup fund

The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC… Read more »

India: CPSE ETF set to raise up to $879m; issue to open on 17 January

The government is all set to raise up to Rs6,000 crore from sale of the second tranche of central public sector enterprise (CPSE) exchange traded fund (ETF), to be launched on 17 January. The issue size of the fund will be Rs4,500 crore, with the option of raising another Rs1,500… Read more »

India: Govt initiates task of hiring next capital markets regulator

The tenure of current chairman U.K. Sinha ends on 1 March, 2017. Sinha, a 1976 batch Indian Administrative Service (IAS) officer of the Bihar cadre, assumed office as chairman of Sebi on 18 February 2011.

India is planning to launch new exchange traded fund

The government on Tuesday invited bids from asset management companies (AMCs) for the launch of a new exchange traded fund (ETF) comprising shares of listed central public sector enterprises (CPSEs) and its stakes in other corporate entities. Though the government did not elaborate on its stake sale plans in corporate… Read more »

India’s Industrial Policy and Promotion body to meet government departments over concerns raised by startups

The Department of Industrial Policy and Promotion (DIPP) will soon hold talks with other government departments to address specific concerns raised by start-ups at a meeting with commerce and industry minister Nirmala Sitharaman. After the meeting, held on Thursday, Sitharaman said she had asked DIPP, which is driving the ‘Startup… Read more »

India raises foreign shareholding cap in stock exchanges to 15%

The change in rules may pave the way for foreign exchanges to increase their stake in Indian counterparts. Singapore Exchange Ltd and Deutsche Boerse AG currently hold 4.9% each in BSE Ltd. Top investors in NSE include Gagil FDI Ltd (Cyprus), GS Strategic Investments Ltd, SAIF II SE Investments Mauritius Ltd and Aranda Investments (Mauritius) Pte Ltd.

India mulls rating system for homestays, guest houses to give push to e-tourism

The commerce ministry is pushing for developing a database of certified guest houses, paying guest and bed-and-breakfast accommodation across the country that online market aggregators like Airbnb and Stayzilla can use, after doing their own due diligence.