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TRAI Releases India Latest Telecom Subscription Data

New Delhi (ABC Live): Telecom Regulatory Authority of India has released the latest telecom subscription data (as on 31st July 2013). As per this data, the total number of subscribers has increased to 904.46 million with a net addition of 1.37 million subscribers during the month – showing a monthly growth of  0.15%. Out of the total subscriber base, 548.85 million are from ... Read More »

SEBI Invites Public Comments on Draft SEBI (Real Estate Investment Trusts) Regulations

Mumbai (ABC Live): The Consultative Paper and draft SEBI (Real Estate Investment Trusts) Regulations are placed on SEBI website for Public Comments. The full text of the Consultative Paper and the draft Regulations is available on the SEBI website at: www.sebi.gov.in Comments are invited on the Consultative Paper latest by October 31, 2013 Read More »

RBI Announces Results for Additional Competitive Underwriting

Mumbai (ABC Live): In the auctions conducted on October 10, 2013 for Additional Competitive Underwriting (ACU) of the undernoted government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (` crore)          Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount ... Read More »

India Proposes to Setup Plastic Parks

New Delhi (ABC Live): The Government of India proposes to support setting up of ‘Plastic Parks’ for the promotion of downstream plastic processing industries. The Scheme to be implemented by the Department of Chemicals and Petrochemicals envisages setting up of a ‘Special Purpose Vehicle’ (SPV), which would provide infrastructure and common facilities for the industries. State Government or its agency, ... Read More »

India Business Circle Holds 8.99 Lakh Active Companies Registered with Ministry of Corporate Affairs

New Delhi (ABC Live): As per the records of the Ministry of Corporate Affairs there were a total of 13.45 lakh companies in the official Registry as on 31st August 2013. However, out of these as many as 2.57 lakh companies have been closed and there are 30,127 companies that are in the process of being closed. Also, as many ... Read More »

Wal Mart Bharati All Set to Depart

New Delhi (ABC Live): Wal Mart Bharati : Wal-Mart Stores Inc’s retail plans with India partner Bharti Enterprises are “not tenable” and both sides are looking for the best way to move forward, an executive with the U.S. retailer told Reuters. Wal-Mart was expected to make a decision on its Indian retail plans later this month and Bharti will accordingly decide ... Read More »