News and Updates Issue 02 Duration January 16-31, 2021

"Justice shines by its own light"

MARCUS TULLIUS CICERO

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/86 dated January 27, 2021 in relation to Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/87 dated January 27, 2021 in relation to strengthening of Grievance Redress Mechanism in Banks ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL) [January 20, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition of Altico Capital India Ltd (Altico) by Ares SSG Capital Management (Singapore) Pte. Ltd (Ares SSG) under Section 31(1) of the Competition Act, 2002 [January 20, 2021] ReadMore
  • Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited [January 20, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition of Indo Gulf Fertilisers by Indorama India Private Limited (IIPL) under Section 31(1) of the Competition Act, 2002 [January 28, 2021] ReadMore
  • Federal Trade Commission (FTC) brings First-Ever cases under the  Better Online Ticket Sales Act of 2016  (BOTS Act) [January 22, 2021] Readmore
  • Federal Trade Commission (FTC) marks identity theft awareness week with events to help consumers identify risks of identity theft during the COVID-19 Pandemic [January 28, 2021] ReadMore
  • Federal Trade Commission (FTC)  approves final order imposing conditions on combination of Pfizer Inc.’s Upjohn and Mylan N.V. [January 28, 2021] ReadMore

ENERGY

  • Indian Oil Corporation seeks to build pipeline up to Jewar airport to supply aviation turbine fuel [January 21, 2021] ReadMore
  • New LNG projects will start going ahead, but green credentials to be closely watched – execs [January 26, 2021] ReadMore
  • India explores major investments in hydrocarbons & renewables in Russian Arctic region [January 28, 2021] ReadMore

NEWS

  • Reserve Bank of India (RBI) ready to examine if there is Government proposal for bad bank, says Governor Das [January 16, 2021] ReadMore
  • Competition Commission of India (CCI) dismisses case of alleged cartelisation by 2 bidders in AIIMS tender [January 18, 2021] ReadMore
  • Flipkart launches SuperCoin Pay to strengthen its rewards programme [January 18, 2021] ReadMore
  • WhatsApp Pay doubles its UPI transactions volume month-on-month [January 19, 2021] ReadMore
  • The Securities and Exchange Board of India (SEBI)extends relaxations for compliance with rights issues [January 19, 2021] ReadMore
  • WhatsApp may face Competition Commission of India (CCI) heat over privacy policy changes [January 19, 2021] ReadMore
  • The Securities and Exchange Board of India (SEBI) asks Schneider Electric to list on national bourse or give exit option to shareholders [January 20, 2021] ReadMore
  • Google and French publishers sign agreement over copyright [January 21, 2021] ReadMore

Disclaimer “This information has been gathered from various sources. Nothing herein is or may be construed as legal advice”.