The Telegraph
Friday , December 25 , 2015

Business Briefs

Max India demerger

New Delhi, Dec. 24: Max India today said it has got high court approval for restructuring and the company's demerger into 3 separate listed entities will be effective from January. Max Financial Services is expected to trade ex-demerger from the next month and the other resulting companies from February, it said. "The High Court of Punjab and Haryana vide its order dated December 14, 2015, approved Max India's composite scheme of arrangement for the company's demerger," it said.

FIPB move

New Delhi, Dec. 24: Inter-ministerial body FIPB will take up 9 FDI proposals, including those of HDFC Standard Life Insurance and Aviva Life Insurance Company, on December 29. The FIPB meeting, to be chaired by economic affairs secretary Shaktikanta Das, will also consider proposals of Tata Sikorsky Aerospace, Sharekhan, Quantum Simulators and SunE Solar BV.

Tax payment

New Delhi, Dec. 24: In an attempt to bring authenticity to email-based communication to taxpayers, the finance ministry has asked the income tax department officials to mandatorily mention their email and official phone numbers in such letters and notices.

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