INDIA BUSINESS WORLD - 16th FEBRUARY - TO - 28th FEBRUARY - 2009
THE MONTH THAT WAS...
News & important developments from the most prospective of the New World markets. India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
BUSINESS NEWS
MNCS’ INDIAN ARMS NO LONGER NEED FIPB NOD : The government has officially issued Press Note 4, 2009, that lays down guidelines on downstream investments by foreign-owned or -controlled companies......More....
6.6-CR BANK LOSS VIA NET FRAUD : Banks across the country have lost Rs 6.57 crore to internet frauds in 233 incidents of cyber crime in the last fiscal year with Tamil Nadu topping the list. Rs 2.09 crore....... More....
PENSION FUND REGULATOR SETS NORMS FOR NEW PENSION SCHEME (NPS) MANAGERS : THE pension fund regulator has announced the guidelines for six asset managers hired by it to handle pension contributions of individuals outside government service who will join the New Pension Scheme (NPS)...........More....
JUBILANT ORGANOSYS TO BUY BACK FCCBS WORTH $48 M : CHEMICALS and drugmaker Jubilant Organosys is buying back part of foreign currency convertible bonds (FCCB) amounting to $48 million, taking its total FCCB buyback to $59 million....... More....
SUBHIKSHA MD HELD LIABLE FOR EMPLOYEE’S PROVIDENT FUND (EPF) PAYMENTS : SUBHIKSHA’S defaults on employee's provident fund (EPF) payments are the personal responsibility of its promoter MD R Balasubramaniam........More....
CENTRAL ELECTRICITY REGULATORY AUTHORITY (CERC) ISSUES NEW RULES FOR POWER TRADING BUSINESS : THE Central Electricity Regulatory Authority (CERC) has issued a new norm for companies to carry inter-state power trading business....... More....
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