RESERVE BANK OF INDIA:
Reserve Bank of India in the wake of recommendations of the Key Advisory Group (KAG) constituted by the Government of India on the Securitisation Companies/ Reconstruction Companies (SC/ RCs), it has been decided to allow SC/ RCs to utilize a funds raised from the Qualified Institutional Buyers to acquire financial assets subject to the prescribed conditions. For detailed notification, please Click Here.
COMPETITION LAW:
The Competition Commission of India approved the transfer of gas plant of Essar Steel on slump sale basis to Inox Air as it does not have appreciable adverse effect on competition in India.
Speak Your Mind