Facebook-owned WhatsApp has agreed to form a corporate entity in India and develop technological tools designed to stop the spread of fake news and other repugnant messages that could foment trouble in the country.
In a relief to FPIs, market regulator Sebi on Tuesday extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.
The government has asked ONGC to list its overseas investment arm, ONGC Videsh Ltd, on the stock exchanges and transfer the proceeds to it in the form of a special dividend, helping to meet its divestment target, according to a letter by Dipam.
The National Stock Exchange hopes to list 100 small and medium enterprises from Bengal on its NSE Emerge platform by 2020. A memorandum of understanding has been signed between the NSE and the department of MSME and textiles of the state government.
As many as 22 private shipbuilders, most of them ailing financially, on Tuesday met shipping minister Nitin Gadkari and a team of top government officials to seek Rs 15,000-crore in working capital and fresh orders.
City-based Senco Gold plans to raise Rs 600 crore through an initial public offering. The jewellery retailer has filed a draft red herring prospectus with capital market regulator Sebi with plans to use part of the proceeds for expansion.
Well-known investor Rakesh Jhunjhunwala has teamed up with a consortium of private equity firms that include WestBridge Capital and Madison Capital to acquire private health insurer Star Health in a deal estimated at around Rs 6,500 crore.