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Beneficial Ownership Data Needn’t Oppress

Posted on 07/22 09:14 in business

Photo: Getty Images/iStockphoto Your editorial “A New Small Business Burden” (July 16) highlights the unintended consequences of a new beneficial ownership bill, the Corporate Transparency Act, moving through the House.My version, originally introduced as an amendment earlier this year, would direct Treasury to create a new rule to tie the beneficial ownership information collection to the regular, well-understood IRS tax-filing regime.

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Trump tweets are blowing Fed off course

Posted on 07/22 09:14 in Industry

“To the extent the Fed cares about what is in market prices, the president has an indirect reach into the Fed,” said Vincent Reinhart, a former senior economist at the Fed and now chief economist at Mellon.“If Trump can shape market expectations, he can influence the path of policy,” Reinhart said.

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Investcorp: Investcorp raises Rs 10,000 cr for India

Posted on 07/22 04:38 in Industry

38 AM ISTAgenciesRepresentative ImageMUMBAI: Global alternative investment manager Investcorp has raised about Rs 1,000 crore for its latest India-dedicated fund.Middle East-based Investcorp manages about $27 billion of assets across private equity (PE), real estate, absolute return investments and credit.

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Amid financial stress, McLeod Russel makes Board changes

Posted on 07/22 04:38 in Industry

In a regulatory filing submitted on Saturday evening, McLeod Russel said that its board decided to appoint Bhar as the CFO with immediate effect.37 PM ISTBCCLThe changes come at a time when the company is going through severe financial crisis and has been selling its tea estates to repay its financial obligations.

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Health Ministry proposes minimum standards for clinical establishments

Posted on 07/22 04:38 in Industry

(Representative Image)In order to standardise healthcare services, the Health ministry has proposed a set of "minimum standards of facilities and services" that has to be adhered to by clinical establishments offering allopathy and AYUSH mode of treatments for obtaining registration.The proposed amendments are aimed at bringing an uniformity in standard of healthcare services provided by several establishments," an official source said.

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Kotak MF exposure in DHFL at Rs 140 crore

Posted on 07/22 04:38 in Industry

The total exposure of the mutual fund industry in the company is estimated at Rs 5,000 crore from 10 asset management companies (AMCs).KOLKATA: Kotak Mahindra Asset Management Company has a total exposure of around Rs 140 crore in crisis-hit home loan and property finance firm Dewan Housing Finance Corporation Ltd (DHFL), a source said.

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BHEL bags Rs 486 crore order from NPCIL

Posted on 07/22 04:38 in Industry

Stock Analysis, IPO, Mutual Funds, Bonds & MoreBHEL had earlier secured an order for the same project for erection work of turbine generator (TG) island.33 PM ISTAgenciesThe company is also currently executing turbine generator packages for four units of 700 MWe, 2 units each at Kakrapar and Rawatbhata.

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