Exports of foreign subsidiaries accounted for 33% of their total sales in FY20: RBI
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Last Updated: Apr 01, 2021, 10:05 PM IST
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Synopsis Exports of foreign subsidiaries in India accounted for 32.6 per cent of their total sales, while imports had 34.8 per cent share in their purchases during 2019-20, the RBI said.
Agencies
Exports constituted nearly three-fourths of the sales of foreign subsidiaries in the information and communication services, RBI said.
Exports of foreign subsidiaries in India accounted for 32.6 per cent of their total sales in 2019-20, according to RBI.
The RBI on Thursday released the provisional results of the 2019-20 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities with inward/outward direct investment.
Sun Pharmaceutical Industries announced that DigiHealth Technologies LLP, the wholly owned entity of its Indian wholly owned subsidiary s investee entity i.e.
ABCD Technologies LLP (to be renamed as IndoHealth Services LLP), has agreed to acquire 100% ownership interest in Pharmarack Technologies in tranches.
The upfront acquisition of 91.8% of shareholding in Pharmarack is expected to be completed within a period of 30 (thirty) days by purchase of shares from multiple existing shareholders in various lots.
The remaining 8.2% of the shareholding in Pharmarack is likely to be acquired in multiple tranches over the next 5 (five) years.
Cost of acquisition to DigiHealth Technologies LLP for upfront acquisition of 91.8% is Rs 111 crore.
Masterminds behind Bell Pottinger s Gupta PR campaign lose bid to block legal action news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Axis Bank has entered into definitive agreements with Fettle Tone LLP and the other partners of Fettle Tone LLP on 13 March 2021 in connection with Axis Bank s proposed acquisition of 9.90% of the aggregate partnership interest of Fettle Tone LLP pursuant to a contribution of Rs 90.8 crore by Axis Bank in Fettle Tone LLP s partnership capital.
Fettle Tone LLP is a special purpose vehicle (SPV) set up by True North Fund VI LLP under the IRDAI (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017.
Fettle Tone LLP is currently a promoter of Max Bupa Health Insurance Company (MBHI) and holds ~55.6% of the total share capital of MBHI.
Explained: Haryana Governmentâs Law To Reserve 75 Per Cent Jobs In Private Sector For Locals, Will It Help?
by Swarajya Staff - Mar 3, 2021 09:47 AM Indian construction workers rest at an under-construction site in Gurgaon, some 30 km south of New Delhi. (MANAN VATSYAYANA/AFP/Getty Images)
On Tuesday (2 March), Haryana governor Satydeo Narain Arya gave assent to the bill providing 75 per cent reservation in private sector to job seekers who have a state domicile certificate.
The quota for local people will apply for 10 years to private sector jobs that offer a salary of less than Rs 50,000 a month.
The act states that the quota applies to all the Companies, Societies, Trusts, Limited Liability Partnership firms, Partnership Firm and any person employing ten or more persons and an entity as may be notified by the Government of Haryana.