CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case : Rashtra News #CCI #powers #order #abeyance #Amazon #tells #NCLAT #Future #case The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission
Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said Thursday, as the industry struggles to finance greener production of the metal. The company will on Friday confirm the closure of two blast furnaces at the Port Talbot steelworks, resulting in the loss of over one-third of staff, the source told AFP. ode-bcp/js
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Insurance biz: MNCs can own 74%, but FIIs, PEs hold the key
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Synopsis
Ashvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have local management as the Indian market is different from the West when it comes to investment products, actuarial tables or even reinsurance. Also, the contribution of foreign MNCs is not the same as earlier.
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After the foreign investment limit was hiked to 49% in 2015, what became clear was that the money would come in from FIIs and PE funds the new deep-pocketed investors.