Cryptocurrency such as Bitcoins, Ethereum and others, is a form of decentralised digital money. They function on the principle of blockchain technology connected to a network of computers.
NSE -20.54 % (Vi) has received the telecommunications department’s approval for fresh foreign direct investment (FDI) of up to Rs 15,000 crore as part of its much-delayed fundraise plan, two people familiar with the matter told ET.
The Government has permitted 100 per cent foreign direct investment (FDI) under the automatic route in the telecom services sector subject to certain conditions:
The Reserve Bank of India (RBI), Foreign Exchange Division, has revised its guidelines for pricing equity interests that are transferred between Indians and non-residents of India.
To expedite the FDI clearance process and ensure timely action, there will soon be colour coding and an automatic alert system on the foreign investment facilitation portal.
HSBC India reduced home loan interest rates by 10 basis points (bps) to 6.45% per annum. This rate will be applicable on balance transfers by existing customers of other lenders.
The government is reviewing the norms for use of some of the hybrid instruments for overseas investors after it came across instances of some Chinese companies seeking to circumvent rules around foreign direct investment (FDI) in Indian entities.
Eris MJ Biopharm, the 70:30 joint venture (with Eris holding a 70 per cent stake), would primarily engage in marketing and distribution of human and analogue insulin
The government allowed 100 per cent foreign direct investment in the telecom sector through automatic route to promote ease of doing business in the industry.