BSE and India INX company Sign MoU With Moscow Exchange

BSE (Bombay Stock Exchange) and India International Exchange (India INX) of India are the first Indian exchanges to sign a pact with Moscow Exchange (MOEX) of Russia to link investor community and companies in both countries besides allowing a capital ..

President Approves Amendments to Indian Stamp Act 1899

President Ram Nath Kovind has given the assent for the amendments to the Indian Stamp Act 1899 introduced as part of the Finance Act 2019. Amendments Proposed The amendments proposed are: Creation of the legal and institutional mechanism to enable states ..

Month: Current Affairs - February, 2019

BSE becomes first Indian stock exchange to get US SEC’s DOSM recognition

BSE Ltd (earlier known as Bombay Stock Exchange) became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC). Key Facts DOSM status will allow sale of securities to US ..

Month: Current Affairs - May, 2018

Rajasthan Government ties up with HDFC bank to promote and nurture startups in state

Recently, the Rajasthan Government and HDFC Bank have signed MoU to promote and nurture startups in the state. As per pact, HDFC Bank will team up with the state government to provide end-to-end solutions including current accounts, credit cards and ..

NTPC signs a Rs 3,000-crore term loan agreement with ICICI Bank for partially funding its capital expenditure

The state-owned NTPC has signed a term loan agreement for Rs. 3,000 crore with ICICI Bank for partially funding its capital expenditure. The loan which has a door-to-door tenure of 15 years will be utilised to part finance the capital ..

Union Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%

The Union Cabinet has given its approval for raising foreign shareholding limit from current 5% to 15% in Indian Stock Exchanges. The decision brings the investment limit of foreign entities at par with that of domestic institutions. This enhanced limit ..

Month: Current Affairs - July, 2016