Articles for Financial Service

IBBI Directs Liquidator To Make Certain Declaration When Financial Service Provider Undergoes Voluntary Liquidation
10 months, 1 week ago

IBBI Directs Liquidator To Make Certain Declaration When Financial Service Provider Undergoes Voluntary Liquidation

Live Law  

The Insolvency and Bankruptcy Board of India has issued a circular dated 13.02.2024, intimating that when a Financial Service Provider undergoes voluntary liquidation under IBC, then the Liquidator shall declare that: the category of Financial Service Providers has been notified by the Central Government under Section 227 of IBC, and the corporate person has obtained prior permission from the appropriate …

Financial Service Provider Liquidator Ibc Ibbi Prior Permission
Infosys to release Q2 results, announce dividend on October 12; check details
1 year, 3 months ago

Infosys to release Q2 results, announce dividend on October 12; check details

Live Mint  

Infosys will announce its Q2FY24 financial result and interim dividend during its board of directors meeting on 12 October. The financial results and proposal for interim dividend, if any, will be presented to the Board of Directors on October 12, 2023 for their approval," the company said in its stock filing on Thursday. During the board meeting, Infosys will “approve …

Infosys
TSRTC launches ‘AM to PM’ express parcel service
1 year, 11 months ago

TSRTC launches ‘AM to PM’ express parcel service

Deccan Chronicle  

HYDERABAD: Telangana State Road Transport Corporation, which was into public transportation, later ventured into various diversified business as the demand of sustainability in the current market, the corporation now came up with Express parcel services called 'AM to PM' in its logistic services. This AM to PM express parcel services brought in for the speedy delivery to the customer, this …

Services Service Parcel Express Parcel Service
GoMechanic cooked books; founder admits to grave errors, 70% staff sacked
1 year, 11 months ago

GoMechanic cooked books; founder admits to grave errors, 70% staff sacked

The Hindu  

Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business restructuring undertaken which will see 70% of the 1,000-odd workforce being laid off. "Our passion to survive the intrinsic challenges of this sector, and manage capital, took the better of us and we …

Startup Founder Bhasin Gomechanic Financial Reporting Gomechanic Co
Now see data of stocks, crypto within a tweet; Elon Musk unveils a unique financial feature on Twitter
2 years ago

Now see data of stocks, crypto within a tweet; Elon Musk unveils a unique financial feature on Twitter

Live Mint  

Elon Musk on Thursday unveiled a unique feature on Twitter that is essentially designed for investors, traders, financial experts, and organisations. "When you Tweet the symbol of a major stock, ETF, or cryptocurrency with a $ in front of it, people on Twitter see a clickable link that takes them to search results. Since taking over Twitter on 27 October, …

Stock Musk Elon Musk Twitter Tweet Major Symbols
UK’s Rishi Sunak says financial services an exciting aspect of India, UK FTA
2 years, 6 months ago

UK’s Rishi Sunak says financial services an exciting aspect of India, UK FTA

Live Mint  

British Chancellor Rishi Sunak on Friday said that the financial services sector holds out an “exciting” prospect of closer exchange between India and the UK with a free trade agreement being negotiated between the two countries, news agency PTI reported. Earlier this week on Thursday, UK Trade Secretary Anne-Marie Trevelyan said a free trade agreement between the UK and India …

Trade Financial Services Diwali Fta Uk Trade Secretary Indian Insurance Financial Service
Financial services an exciting aspect of U.K.-India FTA, says Rishi Sunak
2 years, 6 months ago

Financial services an exciting aspect of U.K.-India FTA, says Rishi Sunak

The Hindu  

The financial services sector holds out an “exciting” prospect of closer exchange between India and the United Kingdom with a free trade agreement being negotiated between the two countries, according to British Chancellor of the Exchequer, Rishi Sunak. In an interaction with reporters ahead of India Global Forum's UK-India Awards celebrating Indian diaspora success within the UK-India corridor on Friday, …

India Financial Services Indian British Visa Rishi Sunak Fta
Financial Constraints Or Pandemic Not Grounds For State Agencies To Sack Employees : Delhi High Court In Air India Pilots Case
3 years, 7 months ago

Financial Constraints Or Pandemic Not Grounds For State Agencies To Sack Employees : Delhi High Court In Air India Pilots Case

Live Law  

"State or its Agencies under Article 12 of the Constitution cannot claim financial constraints or impact of the Pandemic as a ground for dispensing the services of its employees" observed the Delhi High Court in its judgment quashing Air India's decision terminating pilots by directing their reinstatement with back wages. A single judge bench comprising of Justice Jyoti Singh held …

Pandemic Financial Court Delhi High Court Air Back Wages Service
Delhi High Court Seeks RBI, Centre, DHFL Response On Plea Against Rules Allowing NBFCs Resolution Under IBC
3 years, 11 months ago

Delhi High Court Seeks RBI, Centre, DHFL Response On Plea Against Rules Allowing NBFCs Resolution Under IBC

Live Law  

The Delhi High Court has sought responses of inter alia, the Centre, the Reserve Bank of India and Dewan Housing Finance Corporation Ltd on a writ petition challenging the constitutional validity of the Insolvency and Bankruptcy Rules, 2019, and a notification by the Union. The Delhi High Court has sought responses of inter alia, the Centre, the Reserve Bank of …

Financial Insolvency Delhi High Court Foundation Rules Proceedings Public
Recent Legislative And Case Law Developments In Insolvency And Bankruptcy Law
4 years, 8 months ago

Recent Legislative And Case Law Developments In Insolvency And Bankruptcy Law

Live Law  

The Insolvency and Bankruptcy Code, 2016 was implemented to provide a time-bound process to resolve insolvency among companies and individuals. The idea behind the moratorium under section 14 is to alleviate corporate sickness and a statutory status quo is pronounced under the said provision the moment a petition is admitted under Section 7 of the Code, so that the insolvency …

Law Corporate Court Insolvency Resolution Corporate Debtor Resolution Professional
Softbank-backed satellite startup OneWeb files for bankruptcy
4 years, 9 months ago

Softbank-backed satellite startup OneWeb files for bankruptcy

CNN  

New York CNN Business — OneWeb — which for years chased a multibillion-dollar dream of beaming cheap, high-speed Internet from space — filed for bankruptcy on Friday. The company said it plans to “pursue a sale of its business in order to maximize the value of the company.” OneWeb’s assets include 74 internet satellites that launched into orbit over the …

Company Plans Softbank Internet Satellite Cnn Business Business Oneweb Satellite Startup
Centre Notifies Rules For Insolvency Resolution Of Financial Service Providers [Read Notification]
5 years, 1 month ago

Centre Notifies Rules For Insolvency Resolution Of Financial Service Providers [Read Notification]

Live Law  

The Central Government on Friday notified the Insolvency and Bankruptcy Rules, 2019. These rules fill the legislative lacuna by setting out a special framework for insolvency and liquidation process of Financial Service Providers. Resolution Plan The resolution plan shall consist of a statement explaining how the resolution applicant satisfies the requirements of engaging in the business of the financial service …

Financial Insolvency Resolution Service Rules Shall Liquidation Process
Are Financial Providers Open To Insolvency ?
5 years, 1 month ago

Are Financial Providers Open To Insolvency ?

Live Law  

The recent judgment dated 4.11.2019 delivered by the Hon'ble National Company Law Tribunal, New Delhi Bench V – in the matter of Apeejay Trust v. Aviva Life Insurance Co. India Ltd. appears to be incorrect in view of various provisions of the Insolvency and Bankruptcy Code, 2016 particularly with regards to the definition of 'Corporate Debtor' under Section 3 and …

Corporate Financial Services Financial Services Corporate Debtor Operational Company
Beijing sets sights on further opening
5 years, 8 months ago

Beijing sets sights on further opening

China Daily  

The central business district in Beijing on Sept 7, 2018. Beijing will open its financial sector wider to the world in three years, as the city undertakes a major push to deepen reform and opening-up in the service industry, a vice-mayor said on Wednesday. Yin Yong, vice-mayor of Beijing, said the financial sector is on the top of the list …

Financial City Service Beijing Sector Opening Yin