Philippines’ nickel miner Marcventures Holding Inc is merging with two miners Asia Pilot Mining Philippines Corp. (APMPC) and BrightGreen Resources Holding Inc. (BHI) in a deal valued at US$22.1 million (P1.125 billion). The company plans to issue a total of 1.125 billion shares priced at P1.00 apiece, comprising of 675 million shares for APMPC shareholders, … Read more
Manila Innovation Hub Launchgarage is planning to take on the role of a venture capital as it is looking to raise a US$5 to US$10 million investment by the third quarter of 2018. Fam Alonto, the Advisory Head of Launchgarage Ventures said the new vehicle is a strategy to address the seed gap and it … Read more
Udaipur : In a shocking incident, a 60-year-old businessman was kidnapped by four-five identified men in SarvraRitu Vilas area under Surajpole police station of the city. What has shocked the police is that the incident took place in broad day light during peak traffic hours in a densely populated commercial area which is hardly 100 meters … Read more
New Delhi: Konkan Railway in co-ordination with the Central Railway will run special trains between Mumbai CST/Dadar/Lokmanya Tilak/Pune and Ratnagiri/Sawantwadi Road/Karmali to clear extra rush of passengers during Ganpati Festival 2017. Konkan Railway will run 142 special trains on the above mentioned route. Here are the details: 01445 CST Mumbai – Karmali (Daily) one way … Read more
NEW DELHI: New registrations under the goods & services tax+ (GST) crossed the 10 lakh mark on Saturday, a milestone that brings cheer to policymakers who have been hoping for an increase in the tax base after the rollout of the new tax measure. “The figure of new registrations approved in GST crosses 10 lakhs today. About … Read more
Insolvency and Bankruptcy Code (IBC) and the government’s emphasis on resolution provide opportunity for asset reconstruction companies as stressed assets still have inherent value, Finance Minister Arun Jaitley said. During discussions with Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) today, he said these non-performing assets (NPAs) were essentially productive assets which, if turned … Read more
NEW DELHI: Two days before the deadline for filing income tax (I-T) returns ends, the online filing system of the tax department developed a technical snag on Saturday affecting taxpayers’ efforts to upload their annual statements. “For the last two hours, the system has stopped functioning. It is showing a glitch. We now have a huge backlog of returns … Read more
