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government-promulgates-ordinance-to-amend-companies-law
economy
Government promulgates ordinance to amend Companies law

The government Friday promulgated an ordinance to amend the companies law, a senior official said.While details about the ordinance could not be immediately ascertained, it is believed that amendments mainly pertain to restructuring of corporate offences under the Companies Act, 2013.The proposal to issue an ordinance to amend the Act was cleared by the Cabinet…

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dhfl-buys-back-rs-2000-crore-worth-of-cps-before-maturity
economy
DHFL buys back Rs 2,000 crore worth of CPs before maturity

MUMBAI: Dewan Housing Finance (DHFL) has bought back about Rs 2,000 crore worth of commercial papers, or short term debt instruments, before their scheduled maturities in a move aimed at instilling confidence among investors.The company approached institutional investors over the past few days to buy back these short-term papers ahead of their scheduled maturity dates,…

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economy
SC slams DDA, civic bodies for ‘mess’ in Delhi

File photo NEW DELHI: The Supreme Court Thursday came down heavily on the Delhi Development Authority and other civic agencies for keeping “their eyes closed” on misuse of residential premises for commercial purpose since 2006 that has led to a “mess” in the national capital. The apex court said authorities, including the court-mandated monitoring committee,…

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