Journalism of Courage
Compat asks CCI to consider penalty as per wrongdoing
The Competition Appellate Tribunal Compat has asked the Competition Commission of India CCI to decide quantum of fine as per factual aspects,and not by mechanically or blindly applying the principles. The tribunals observation,made during the course of an order,assumes significance since many high profile orders,including that against cricket body BCCI and realty major DLF,are being challenged.
PMs Monitoring Group clears 128 projects
The Prime Ministers Project Monitoring Group PMG,set up to track stalled large investment projects,has cleared 128 projects worth over Rs 4.30 lakh crore so far. Of this,priority has been given to troubled projects from the power sector and has resolved all issues on 94 projects,data available on its website showed.
Bank licence: Sebi scans listed applicants,firms
MUMBAi: As RBI gears up to issue new bank licences,capital markets regulator Sebi is scrutinising all applicants coming under its jurisdiction directly or through group entities. Sebis scrutiny follows detailed queries from RBI to regulators in India and abroad as part of its due-diligence of the applicants.
Dena Bank to raise R600 crore through QIP
State-run lender Dena Bank is planning to raise Rs 600 crore through qualified institutional placement QIP after it receives capital from the government,which is expected to happen by December-end.
Bank Muscat to exit stake in Indian firm
DUBAi: Bank Muscat plans to exit its 45.7 percent stake in an Indian securities firm Mangal Keshav Securities Ltd,Omans top lender said in a statement on Sunday.
