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Results for “LIC”

BUSINESS NEWS · 2 MIN READTextiles PLI Round 4 opens with lower ₹100 crore turnover thresholdApplications for man-made fibre apparel, fabrics and technical textiles will open from 1 November through 31 December 2026.10 HOURS AGO · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READIndia and Mexico formally launch preferential trade agreement talksSigned terms of reference set the scope and roadmap for negotiations covering goods, customs, rules of origin and trade remedies.1 DAY AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 1 MIN READRBI Governor urges states to onboard the Unified Lending Interface and use programmable digital rupee for direct benefit transfersSanjay Malhotra told state finance secretaries that the quality of spending matters for long-term fiscal health.1 DAY AGO · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READMNRE sees about $220 billion of clean energy investment opportunity by FY2030, with private firms holding 74% of renewable capacityA ministry official said the 500 GW non-fossil milestone cannot be financed by the public sector alone.2 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READPiyush Goyal says the India-US trade pact is in fine-tuning and pitches India for about $200 billion of data centre investmentThe commerce minister spoke at an India-Netherlands business forum in The Hague on 26 October; the data centre figure is a potential, not a committed pipeline.2 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READCCPA fines Britannia ₹1 lakh over its '100% whole wheat bread' claim, after finding the product has 62% wheatThe consumer regulator ordered the advertisement withdrawn from all media and asked for a compliance report within 15 days.2 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READIRDAI extends the feedback deadline on insurance distribution reforms to 31 October, after more than 650 responsesThe proposals include caps on credit life commission paid to lenders. Brokers say the changes could cut their revenue by 60% to 70%.3 DAYS AGO · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READPublic sector banks raised about $12.7 billion through FCNR(B) deposits, and bankers say most depositors used leverageBank of Baroda says it raised almost $8 billion. SBI says about 80% of its depositors chose leverage of 4 to 9 times.3 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READGST tribunal allows Singapore Airlines a ₹45.92 lakh refund on cancelled tickets, but only where fare and tax went back to passengersThe Kochi bench held that eight refund claims for 2019 to 2021 pass the unjust-enrichment test. Tax advisers say the result rests on passenger-level records.3 DAYS AGO · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READMaharashtra FDA seizes ₹1.56 crore of suspect food stock and suspends seven Mumbai food licencesThe drive covered 43.56 tonnes of food and 719 litres of milk and ghee across the state. The regulator says enforcement will continue.4 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READRBI tells banks and payment firms to treat systems as compromised after a credential exposure until forensic checks clear themThe advisory also asks for multi-factor authentication on admin access, an API inventory and incident reporting to the RBI. SBI separately disclosed 3,897 exposed customer records.4 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READMCA extends FY26 filing deadlines, with AOC-4 due 31 December and MGT-7 due 31 January, citing portal problemsThe circular of 24 October follows an ICSI request over MCA21 version 3 glitches. AGM deadlines are not extended.4 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSimplified GST registration for small e-commerce sellers is due to go live on 1 NovemberSellers who supply only through e-commerce platforms can register in other states without an office there. A committee will also study the input tax credit rule that links buyers to supplier payments.5 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READRBI governor says upper-layer NBFCs must list and CICs using public funds must register, citing Tata SonsSanjay Malhotra did not comment on individual firms but named Tata Sons as a CIC that must register. The RBI turned down its request to surrender registration on 11 September.5 DAYS AGO · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READJio Platforms' IPO closes 22.19 times subscribed with over 1 crore applications, up from 6.15 times in the morningBids were for 4.38 billion shares against 197.5 million on offer. Allotment is due on 26 October and listing on 28 October.5 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSEBI warns investors off invitation-only WhatsApp groups giving stock tips, flagging fake profit claims and planted praiseThe regulator says unregistered people pose as experts, often from overseas numbers, and move members to new groups when old ones are shut.6 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSEBI gives margin relief on trades funded by early pay-in of shares, up to the value of securities already handed overClearing corporations will not collect margin on a client's later cash-segment trades to that extent. One report gives 22 February 2027 as the effective date.6 DAYS AGO · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READCBDT exempts interest on New Development Bank's rupee Maharajah bonds from TDS for residents and foreign institutional investorsNotification 136/2026 covers bonds issued from the 2026-27 tax year. The interest stays taxable and must still be reported.22 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READNCLT Chandigarh dismisses SEL Textiles' liquidation application and orders a fresh resolution process within 120 daysThe tribunal said earlier plans being rejected does not rule out revival, citing the 2026 IBC amendment that allows a resolution process to be restored before liquidation.22 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READCBDT adds Form 173A, a mandatory report for anyone claiming tax exemption on interest and capital gains from government securitiesNotification 137/2026, dated 19 October, inserts Rule 281A. Filing method and deadlines are not stated in the summary.22 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSEBI lets qualifying listed issuers skip a merchant banker for private debt placements, if they meet five conditions including an AA- ratingA circular dated 7 October 2026 takes effect immediately. Issuers that do not meet all five conditions must still appoint one.21 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READRBI opens a one-time approval route for mutual funds, insurers and pension funds to hold more than 5% of a bank, up to 10%Four amendment directions dated 1 October 2026 apply to commercial, small finance, payments and local area banks, with immediate effect.21 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READJio Platforms raises ₹8,110 crore from 212 anchor investors, with institutional demand of nearly ₹2.5 lakh croreDomestic mutual funds took ₹2,785 crore and insurers and pension funds ₹1,090 crore, ahead of the public issue on 21–23 October.20 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READGSTN opens e-invoicing for reverse-charge self-invoices in its test environment, for firms with turnover of ₹5 crore or moreAdvisory 678 adds two new document types, RCMDOM and RCMIMP, but no go-live date has been announced.20 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READSEBI's new settlement regulations take effect on 7 November, with a ₹3 lakh minimum for first-time applicantsThey replace the 2018 framework with a points formula, interest of 9% to 12%, and fast-track routes for minor defaults.20 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READJio Platforms' IPO anchor bidding began on 19 October, with ₹3,000 crore reserved for Reliance shareholders and staffThe public issue runs from 21 to 23 October at ₹1,065 to ₹1,119 a share, and most of the money will repay ₹27,500 crore of Jio Infocomm debt.20 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READFinance Ministry says no legal bar to reducing the Centre's IDBI Bank stake, citing a 2018 Delhi High Court rulingThe statement follows the Cabinet's 14 October clearance of Fairfax's 60.72% purchase, after which the Centre and LIC will hold 34% together.20 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READIndia–New Zealand trade deal: first customs duty concessions take effect on 20 OctoberCBIC's notification covers 8,546 tariff entries, with separate duty rules and quotas for wine, Mānuka honey and kiwi fruit.20 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 1 MIN READGross GST collections rose 14.7% to ₹2.04 lakh crore in September, with imports up 25.9%Refunds fell 3% and net collections rose 18.1% to ₹1.77 lakh crore.19 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READGST Council recommends ending arrest powers and raising the prosecution threshold from ₹1 crore to ₹5 croreThe 57th meeting changed no rates, proposed no notices below ₹10,000, and put most changes from 1 April 2027.19 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSEBI notifies Portfolio Managers Regulations, 2026, effective 1 April 2027The new rules replace the 2020 regulations, keep a ₹5 crore net worth test and add routes for co-investment managers and mutual fund portfolio management.18 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READCabinet clears Fairfax's purchase of a 60.72% stake in IDBI Bank for ₹52,877 croreThe winning bid was ₹81 a share, and the Centre and LIC will together keep 34%.18 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READSEBI proposes market-cap bands and a ₹3 crore profit test for SME IPOsThe consultation paper of 14 October would raise the minimum application to ₹1 lakh and the minimum allottees to 500. Comments close on 4 November.18 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READCBDT replaces Form 161 for penalty waiver applications under the new Income-tax ActThe Income-tax (Sixth Amendment) Rules, 2026 amend Rule 231 to cover waiver and ask applicants to undertake not to appeal.17 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READRBI raises banks' daily minimum CRR balance to 99% of the requirement from 16 OctoberUnder circular RBI/2026-27/290, scheduled banks must hold at least 99% of the required cash reserve ratio every day, up from 90%. The CRR rate and the fortnightly average are unchanged.17 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READBank of England governor notes limited energy price pass-through as rate risks remainGovernor Andrew Bailey highlights subdued wider price pressures while inflation stays above target, leaving policymakers weighing potential interest rate hikes.16 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READIndian Bank records huge gain from National Stock Exchange share saleA substantial one-time profit from the National Stock Exchange public offering helped Indian Bank significantly expand its non-interest revenue during the second quarter.16 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READFusion cx public share sale enters final bidding roundThe public offer aims to raise Rs 702 crore, featuring a fresh share issuance and an offer for sale by existing holders.16 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READBonfiglioli Transmissions prepares for public share offeringThe gear and drive systems maker plans an initial share sale to raise funds, altering promoter holding while financial metrics show steady growth.16 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READJio platforms positions as technology firm ahead of public share saleThe digital services and telecom enterprise is positioning itself for international markets as it prepares to launch its public share offering.15 OCT 2026 · BY SPECTATE MEDIA DESKINNOVATION · 2 MIN READJio Platforms pitches technology strengths ahead of public share saleThe telecom and digital services business is preparing for what could become the country's largest-ever public share offering.15 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 3 MIN READGST Council likely to weigh ending precious metal import tax relief for banksA proposal before the GST Council seeks to remove the Integrated GST exemption on imports of gold, silver, and platinum by nominated agencies and banks.15 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READReliance prepares Jio Platforms for India's largest initial public offeringThe digital business plans to raise Rs 30,213 crore through an entirely fresh issue to cut corporate debt and establish a market valuation.15 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 3 MIN READReliance Jio details technology strategy and public issue targets ahead of market debutJio Platforms is targeting broader digital services and technology alliances alongside a domestic share offering set to raise up to Rs 30,213 crore.15 OCT 2026 · BY SPECTATE MEDIA DESKINNOVATION · 2 MIN READJio Platforms targets domestic digital expansion ahead of public listingReliance Jio Infocomm carries over 60% of India's data traffic as parent company Jio Platforms targets a digital economy projected to hit $1.4 trillion by FY31.15 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READAnalysts suggest rate hikes and tax cuts to support the Indian rupeeThe Reserve Bank of India has defended the currency from near record lows, while analysts and financial institutions outline potential further policy interventions.15 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READSahajanand Medical Technologies launches initial public offering for subscriptionThe medical technology company has opened its public share offering, aiming to raise funds entirely through an offer for sale while reporting higher revenue and profit.15 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READJio platforms outlines operational and regulatory risks in IPO prospectusThe telecom arm of Reliance highlights challenges from satellite broadband, net neutrality rules, inflation, and concentrated ownership ahead of its public offering.15 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READSebi proposes major changes to small and medium enterprise share sale regulationsThe market regulator has outlined a series of proposed adjustments for small and medium enterprise initial public offerings to lower capital-raising expenses.15 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READReliance jio sets initial share sale dates after filing prospectus with registrarThe upcoming public offering from the digital and telecom giant marks India's largest market debut, featuring specific allocations for parent company investors and staff.15 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 1 MIN READIndia and Mauritius amend tax pact to introduce principal purpose testNew rules target treaty abuse by prioritizing commercial substance over paperwork when evaluating tax relief claims.14 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READIncome tax department contacts tax professionals over delayed audit reportsThe tax authority has reached out to roughly 12,000 professionals who missed filing half of their audit reports for the 2026-27 assessment year.14 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READBank of England chief economist questions market rate hike betsHuw Pill expresses doubt over market expectations for four rate increases as policymakers evaluate inflation risks from the Iran war.14 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 3 MIN READIDBI Bank shares surge 13% as valuation crosses Rs 1 lakh crore during privatisation processA stock rally added over Rs 11,460 crore to the lender's market value while Fairfax leads the bid to acquire a majority stake from the government and LIC.14 OCT 2026 · BY SPECTATE MEDIA DESKBUSINESS NEWS · 2 MIN READBarclays prepares to relaunch equity advisory operations in IndiaThe UK-based lender aims to re-enter the local equity capital markets space to capture growing demand from share sales and initial public offerings.14 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 3 MIN READFusion CX plans public share sale to raise funds and repay debtThe business process outsourcing provider aims to raise capital through a public issue while promoters reduce their holding.14 OCT 2026 · BY SPECTATE MEDIA DESKTAX & POLICY · 2 MIN READFM Sitharaman comments on capital gains tax lift Sensex past 1100 pointsIndian equities surged on Tuesday after official remarks on transaction and capital gains taxes, supported by strong gains in major technology stocks.13 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 2 MIN READFusion cx secures rs 315 crore from anchor investors prior to public share saleThe business process solutions provider raised capital from notable investors ahead of its public offering, with shares priced at the upper band limit.13 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 3 MIN READRajasthan pollution regulator shuts Carlsberg plant ahead of public listingThe state authority revoked operating consent for Carlsberg India's Alwar brewery following severe emission violations and poor monitoring compliance ahead of an initial public offering.12 OCT 2026 · BY SPECTATE MEDIA DESKMARKET DYNAMICS · 3 MIN READAround 24 billion dollars in shares to exit initial public offering lock-ins through January 2027A study by Nuvama Institutional Equities tracks 99 newly listed firms whose pre-listing shareholding curbs will lapse between October 2026 and January 2027.12 OCT 2026 · BY SPECTATE MEDIA DESK
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