The Reserve Bank of India (RBI) kept its policy rate unchanged and stance neutral but its governor, Urjit Patel, set stiff conditions for ailing state-owned banks to receive fresh capital from the government. Following the central bank’s fifth bi-monthly monetary policy review, the repo rate, at which the RBI lends to banks, remained at 6 per cent. Read more
Infy files settlement plea with Sebi over ex-CFO severance pay
Infosys on Wednesday said it had approached market regulator, the Securities and Exchange Board of India (Sebi), to settle issues arising out of alleged disclosure lapses in the severance package paid to former chief financial officer (CFO) Rajiv Bansal. Read more
Stressed asset buyers may get relief from competition law, MAT
Buyers of stressed assets might soon get an exemption from paying the minimum alternate tax (MAT), and the need for getting approval from fair-trade watchdog the Competition Commission of India (CCI). Read more
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