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Author Archives: GovWorldMag

Cabinet allows M/s ITI Limited to bring a Further Public Offer for fresh equity shares to achieve 25% Minimum Public Shareholding requirement of Securities and Exchange Board of India, raise working capital for new projects and to reduce its debt obligations

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has given its approval forthe following proposal of Department of Telecommunication to allow M/s ITI Limited to:   Offer 18 crore fresh equity shares to General … read more

Adjustment of the Base Rate

The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Monetary Authority announced today (March 22) that the Base Rate was adjusted upward by 25 basis points to 2.00% with immediate effect according to a … read more