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News digest: Govt cracks the whip on LLPs, India's first monorail, and more

From the govt's plan to get rid of LLPs to it planning to pump Rs 113 bn into 5 PSBs, BS brings you up to date with the latest news

News digest
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News digest

BS Web Team New Delhi
After targeting over 200,000 shell firms, govt is trying to weed out LLPs
 
After striking over 200,000 ‘shell’ firms off the records, the government is now trying to weed out limited liability partnerships (LLPs). 

The Ministry of Corporate Affairs has sent notices to 7,775 LLPs for not filing annual returns for at least two consecutive years, according to officials.  Read More

Piramal plans big splash in consumer products biz, eyes Rs 10 bn revenue

With its non-compete agreement with Abbott ending next month, Piramal’s consumer products division has drawn up elaborate plans to expand its existing portfolio as

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