Entities Can Make Overseas Investment Beyond Prescribed Limit In Strategic Sectors: Finance Ministry
The government on Monday issued two gazette notifications in which Overseas Direct Investment and Overseas Portfolio Investment have been demarcated. In the earlier regulations, Overseas Portfolio Investment was not clearly defined. The other terms such as Control, disinvestment, step down subsidiary and financial services activity, among others, have also been defined.
Aug 24, 2022, 10:45 AM IST
Ahead of merger with SBI,associate State Bank of Travancore to raise up to Rs 600 crore
Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.
Feb 18, 2017, 20:57 PM IST
Bank branches in these states likely to remain open for transaction today
With Monday being holiday on account of Guru Nanak Jayanti, most of the banks will remain closed for transactions. As a result, the refilling of ATMs is also likely to be affected.
Nov 14, 2016, 10:27 AM IST
