Nyaya Setu AI Chatbot and Mascot 'DISHIKA' unveiled at DISHA Programme (See 'Corp Brief') Misc - Recipient of concession has no legally enforceable right against Government to grant of concession except to enjoy benefits of concession during period of its grant: SC (See 'Legal Desk') After Signing reformed linked MoU, 5 States got funds under Jal Jeevan Mission 2.0 (See 'Corp Brief') India's largest collaborative Capacity Building Initiative Begins on 2nd April (See 'Corp Brief') IPR - Section 19 of Trade Marks Act, does not permit any third party to make application before Registrar for withdrawal of acceptance of trademark application: HC (See 'Legal Desk') MSME Ministry organizes Entrepreneur Awareness Camp in Dimapur (See 'Corp Brief') Govt and RBI Measures ensure Seamless Rural Credit Flow (See 'Corp Brief') DGCA signs MoU with Gati Shakti Vishwavidyalaya to train youth (See 'Corp Brief') Record 30 Mineral Blocks operationalised in FY 2025-26 (See 'Corp Brief') IPR - No infringement action will lie at instance of one registered proprietor of trade mark against another registered proprietor, seeking injunction against use, by latter, in class in which it is registered: HC (See 'Legal Desk') NCL achieves 140 MT Coal Production Target Ahead of Schedule (See 'Corp Brief') Jan Dhan Darshak App enables GIS-based monitoring of banking infrastructure (See 'Corp Brief') Gati Shakti Vishwavidyalaya & DGCA sign MoU to Revamp Aircraft Maintenance & Create Jobs (See 'Corp Brief') Benami Act - registration of title, payment of stamp duty, deposit of TDS, and routing of payments through banking channels do not negate benami nature of transaction if source of funds originates from another person: SAFEMA (See 'Legal Desk') Goyal meets UK Secretary of State for Business and Trade (See 'Corp Brief') Access Control & AI-Enabled CCTV Systems to streamline Passenger Flow at Railway stations (See 'Corp Brief') IPR - Order passed by Controller of Patents, which lacks independent analysis and is verbatim reproduction of submissions of one party or recommendations of Opposition Board, is procedurally flawed: HC (See 'Legal Desk') Gut Microbiota and Probiotic Science Foundation organises 16th India Probiotic Symposium (See 'Corp Brief') IPR - Overall appearance at first impression is crucial to identify passing off, and meticulous side-by-side dissection is not necessary and trade dress has to be judged as whole: HC (See 'Legal Desk') DPIIT signs MoU with fuel-tech company to support startups (See 'Corp Brief') IBC - Interim arrangement directing parties to maintain status quo, thereby preventing any alteration to nature of principal asset or creation of further third-party interests, should be continued until final disposal by NCLT: SC (See 'Legal Desk') National Council for Cement signs MoU to strengthen skill development (See 'Corp Brief') Misc - Non-public servant can be proceeded against when initial case is registered u/s 13 of PC Act by virtue of Section 107 of IPC: SC (See 'Legal Desk') India preparing for global role in shift towards 'greener' future: MoS (See 'Corp Brief') IBC - Failure to exercise option of higher bid within prescribed timeline results in valid conclusion of auction in favour of highest bidder: NCLAT (See 'Legal Desk') Oriental Insurance crosses Rs 20,000 crore in Gross Premium (See 'Corp Brief') IBC - Non-inclusion of claim in resolution plan results in its extinguishment, and any claim which is not expressly included in resolution plan, and which is not expressly barred as per such plan, cannot be inferred: SC (See 'Legal Desk') 10,000 contributors onboarded on Bhashini Samudaye (See 'Corp Brief') PMLA - Recourse to LOC can be taken by investigating agency in cognizable offences if accused is deliberately evading arrest or not appearing in trial court despite Non-Bailable Warrants: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

BSE platforms raise over Rs 18 lakh crore for corporate sector in FY21

Published: Apr 07, 2021

By TIOLCORPLAWS News Service

MUMBAI, APR 7, 2021: INDIAN corporates raised over Rs. 18.56 lakh crore worth of funds in 2020-21 through the BSE platforms, an increase of 53 per cent from the preceding fiscal despite the COVID-19 pandemic.

The funds were mobilised through the listing of equity, bonds, REITs (Real Estate Investment Trust), InvITs (Infrastructure Investment Trust) and commercial papers.

In the financial year 2020-21,Rs. 18,56,366 crore (USD 252.95 billion) was raised by the leading exchange as compared to Rs. 12,14,680 crores in 2019-20.

"While the global economy faced adversities due to the pandemic, it was encouraging to see how Indian Investors have shown faith in investing funds in Indian corporate sector through BSE platforms," said the leading exchange.

It noted that a sharp increase was observed in funds raised through the BSE Debt platforms for FY21 with Rs 5.55 lakh crore mopped up through bonds, Rs. 2.18 lakh crore through equities, Rs. 25,225 crore through InvITs, Rs. 4.245 crore though REITs and Rs. 10.52 lakh crore through commercial papers.

The BSE BOND platform continued to be the preferred choice by India Inc to raise debt capital through private placements, structured instruments or be it public issues and also by municipal corporations for raising municipal bonds, it highlighted.

TIOL CORP SEARCH

TIOL GROUP WEBSITES