Reserve Bank of India (RBI) has reiterated what was explicit and was expected. Through a public advisory RBI declared that use of Bitcoins in India is legally risky. The advisory of RBI is in conformity with the views expressed by Perry4Law so far. By taking this stand RBI has also clarified that use of Bitcoins […]
Foreign Investment Promotion Board of government of India approves 12 FDI proposals worth Rs.2609 c
As reported by the Ministry of Finance ,today, the Foreign Investment Promotion Board of government of India granted approval to 12 FDI proposals totalling to Rs.2,609.27 crores. The board, however, refused one and deferred nine proposals. This approval includes the fat controversial proposal of Claris Otsuka, the pharmacy firm… It has, also, cleared the proposal […]
Mukesh Ambani Leading RIL to Success
Starting from July 2002 when Mukesh Ambani took over his father’s (Dhirubhai Ambani) company, he has contributed massively in this company‘s growth by leaps and bounds. Dhirubhai Ambani’s story is often considered as a quintessential example to explicate the “Rags to Riches” story in our country. It has been a decade now and RIL (Reliance […]
Kotak Securities shines; tops Institutional Investor survey as highest ranked domestic firm
<p>Kotak Securities, a brokerage subsidiary of Kotak Mahindra Group, has been honored by Institutional Investor publication as India’s highest ranked firm in its inaugural All-India Research Team survey, with 10 team positions to account for.</p> <p>Kotak Securities is the only local brokerage in the top five, even though the survey acknowledged a handful other Indian […]
Reliance Brands – Paul & Shark open store in Chennai
<p>Italian luxury sportswear brand Paul & Shark, in association with Reliance Brands, a retail subsidiary of Mukesh Ambani owned Reliance Retail Limited, has opened its latest store in the southern metropolis of Chennai. The store is located on the Luxury Wing of Express Avenue Mall and is spread across 2000 sq.ft of space.</p> <p>Notable by […]
Mukesh Ambani to flag off RIL’s financial business in a contemporary way
<P>Mukesh Ambani led Reliance Industries Limited (RIL) has been infamous for its colossal undertakings and mammoth sized projects. Staying true to the pattern, RIL’s most recent tie-up with global private equity fund house DE Shaw to enter into the financial sector is now taking shape in a boisterous and contemporary way.</P> <P>Focused on both corporate […]