regulators - Newz Baba

RBI imposes penalty on Deutsche Financial institution AG, Sure Financial institution, ETCFO

Newz BabaMay 17, 202502 mins

The Reserve Financial institution on Friday mentioned it has imposed penalties on Deutsche Financial institution AG, India and Sure Financial institution for non-compliance with sure regulatory norms. A penalty of Rs 50 lakh has been imposed on Deutsche Financial institution AG, India for non-compliance with sure instructions on ‘Creation of a Central Repository of Massive…

Tax deductions can’t be claimed for settling proceedings underneath Sebi, 3 different legal guidelines, ETCFO

Newz BabaApril 24, 2025April 24, 202502 mins

The earnings tax division on Thursday mentioned taxpayers won’t be allowed to say deduction for expenditures incurred to settle proceedings initiated underneath 4 legal guidelines, together with the Sebi and the Competitors Act. In a notification issued on April 23, the Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings…

CCI clears Patanjali, 5 different entities’ proposal to amass 98 laptop stake in Magma Gen Insurance coverage, ETCFO

Newz BabaApril 17, 202503 mins

The Competitors Fee of India (CCI) has cleared a proposal of Patanjali Ayurved and 5 different entities to amass a majority stake in Magma Common Insurance coverage. “The proposed mixture is being notified beneath the inexperienced channel route in consonance with part 6(4) of the Competitors Act, 2002,” CCI mentioned in a discover. Beneath the…

Sebi contains Inexperienced Credit score Program beneath BRSR framework, ETCFO

Newz BabaMarch 29, 202504 mins

Capital markets regulator Sebi on Friday determined to incorporate disclosure pertaining to the ‘Inexperienced Credit score Program’ by listed corporations beneath the Enterprise Accountability and Sustainability Reporting (BRSR) framework. The Inexperienced Credit might be generated by a listed firm and its worth chain companions via plantations of timber on waste or degraded lands and river…