Upcoming IPO: Jaipur-based Jajoo Rashmi Refractories, a manufacturer and exporter specialising in various grades of ferro alloys critical for steel production, has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering. Jajoo Rashmi Refractories IPO consists entirely of a fresh issue of shares with a face value of ₹10, with …
Parliament is the temple of democracy and parliamentary procedures the rites by which the will of the people is translated into practice. The government plans to table the Development of Enterprise and Service Hubs Bill during the ongoing monsoon session of Parliament, in a bid to overhaul the SEZ Act of 2005. In her budget speech this year, finance minister …
The government plans to table the Development of Enterprise and Service Hubs Bill in the monsoon session of the Parliament, which will overhaul the special economic zones legislation. The World Trade Organization’s dispute settlement panel has ruled that India’s export-related schemes, including the SEZ Scheme, were inconsistent with WTO rules, since it directly linked tax benefits to exports. SEZ units …
