ABC Breaking News

Category Archives: Business

Feed Subscription

AT&T All Set to Acquire Time Warner

New York (ABC Live): Telecom giant AT&T has announced that they will be buying Time Warner for nearly $86bn. However the deal which will be one of the biggest deals this year still needs approval from regulators. AT&T’s chairman in his statement described the deal as “a perfect match” , however we think this deal will result in too much ... Read More »

UNCITRAL Upgrades International Trade Law Regimes

New Delhi (ABC Live): UNCITRAL : During its forty-ninth session, the United Nations Commission on International Trade Law (UNCITRAL) had made great strides in its programme of work, including the finalization and adoption of three texts on secured transactions, arbitration and online dispute resolution, the Chair of the forty-ninth session told the Sixth Committee (Legal), as they took up that ... Read More »

SEBI Reissues Norms for Commodity Derivatives Exchanges

Mumbai (ABC Live):  National Commodity Derivatives Exchanges : The Securities Exchange Board of India(SEBI) has reissued the norms for National Commodity Derivatives Exchanges, As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission (FMC) or the Central Government applicable to recognised associations under ... Read More »

India Approves Concessions for Asia Pacific Trade Agreement

New Delhi (ABC Live): Concessions APTA : The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly the Bangkok Agreement) is an initiative under ... Read More »

Goods and Services Tax Council Comes into Existence

New Delhi (ABC Live): Goods and Services Tax Council : The Constitution (One Hundred and Twenty-second Amendment) Bill, 2016, for introduction of Goods and Services Tax (GST) in the country was accorded assent by the President on 8th September, 2016, and the same has been notified as the Constitution (One Hundred and First Amendment) Act, 2016. As per Article 279A ... Read More »

UN Report Sees Low Global Manufacturing Growth in 2016

New Delhi (ABC Live): Global Manufacturing Growth in 2016    : A new United Nations report has indicated that global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities. The quarterly World Manufacturing Production report, published by the UN Industrial Development Organization (UNIDO), has stated that with financial uncertainty still looming across Europe, foreign ... Read More »

CBDT Inks Its 4th Bilateral Advance Pricing Agreement

New Delhi (ABC Live): The Central Board of Direct Taxes (CBDT) entered into a Bilateral Advance Pricing Agreement (APA) on 2nd August, 2016 with the Indian subsidiary of a Japanese trading company. This is the first Bilateral Advance Pricing agreement with a Japanese company having a “Rollback” provision in it. Overall, it is fourth bilateral APA signed by CBDT. Signing ... Read More »

SEBI Gets New Address in Patna

Patna (ABC Live): SEBI :Shri Nitish Kumar, Hon’ble Chief Minister, Bihar, inaugurated the new premises of the Local Office of Securities and Exchange Board of India at Patna today, in the presence of Shri Abdul Bari Siddiqui, Hon’ble Finance Minister, Bihar, and Shri U.K. Sinha, Chairman, Securities and Exchange Board of India (SEBI).  Patna Local office of Securities and Exchange ... Read More »

RBI Interacts with NBFCs,ARCs on Strategic Debt Restructuring

Mumbai (ABC Live):  Strategic Debt Restructuring: Senior officials from the Reserve Bank of India, including the Governor, Dr. Raghuram Rajan, Deputy Governors Shri R. Gandhi and Shri S.S. Mundra, as well as senior officials from the concerned regulation and supervision departments, today held a meeting with senior executives of major banks, Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) ... Read More »

SEBI Tries to Curb Commodity Market Volatility

Mumbai (ABC Live):Commodity Market Volatility: In accordance with Central government notifications F. No. 1/9/SM/2015 S.O. 2362 (E) and F. No. 1/9/SM/2015 S.O. 2363 (E) dated August 28, 2015, SEBI had commenced regulating the commodity derivatives market under Securities Contracts Regulation Act (SCRA) 1956 with effect from 28th September, 2015. With a view to curb the speculative participation and consequent volatility in prices ... Read More »