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Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. “This development underscores the strong commitment and support of the Regulators – SEBI and Central Electricity Regulatory Commission (CERC) – in enabling a dynamic and sustainable power market,” MCX said in a statement Friday, announcing the development. The electricity derivatives…
HDB Financial Services IPO: HDB Financial Services (HDBFS) Ltd, a subsidiary unit of India’s largest private sector lender—HDFC Bank, has received the approval from capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹12,500 crore through an upcoming initial public offering (IPO). The parent firm HDFC Bank, which holds a 94.6 per…
HUL has received a go-ahead from BSE and NSE for the demerger of the company’s ice cream business. The demerger will lead to creation of a new entity – Kwality Wall’s (India) Limited (KWIL). In a regulatory filing, HUL said that in reference to the letter dated January 22, 2025 about the decision of the…
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ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about ₹3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated…