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Govt clears seven FDI proposals worth Rs 981.15 cr

Government has cleared seven foreign direct investment proposals. The proposals worth 981.15 crore rupees have been cleared by the Finance Ministry following recommendations by the Foreign Investment Promotion Board, FIPB. Hathway Cable and Data Com Ltd have got approval for increasing foreign inves...


SEBI proposes joint task force to check illicit money pooling

Securities and Exchange Board of India, SEBI has proposed a joint task force of financial regulators and intelligence agencies to check illicit money pooling of small unlisted companies and bring them under regulatory ambit. Under the existing regulations, any fund-raising worth Rs 100 crore or mor...


Asian shares drop after China's dramatic sell-off

Shares in Asia opened in negative territory today after mainland China saw a dramatic sell-off the previous day. In its biggest drop in eight years, the Shanghai Composite had tumbled more than 8 per cent on growth concerns.US stocks overnight took the cue from the insecurity in China and...


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