Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
In a circular, Sebi said QFI would now mean a resident in a country that is a member of the Financial Action Task Force or a member of a group which is a member of FATF.
Here are some of the best images from across the globe in the last 24 hours.
'If UAV technology is used by the adversary to target VIPs or strategic targets it would be a different ball game altogether,' says Group Captain Murli Menon (retd).
With a house on the top floor of Dubai's Burj Khalifa, the world's tallest building, Bahrain-based India-born billionaire Ravi Pillai is planning big-buck investments across the construction, hospitality, real estate and healthcare sectors in India.
The government allowed qualified foreign investors (QFIs) from six member-countries of the Gulf Cooperation Council (GCC) and 27 countries of the European Commission (EC) to invest in the Indian capital market to enhance foreign capital inflows.
Will things be the same at Bahrain? Here's where we look to the front - by looking at what we've learnt.
'We've still got work to do to get both cars home in the points. We'll take positives from today, but we're trying to find a bit more every weekend.'
Rediff.com brings you a wrap of big stories in pictures with the Best Sports Photos of the Week.
A celebratory lunch at Windsor to mark the Diamond Jubilee of Queen Elizabeth's reign has been marred by a row over the guest list, with campaigners criticising the invitation to monarchs from countries like Bahrain and Swaziland with allegedly poor governance record.
US Secretary of State Hillary Clinton has reached out to her counterparts of more than a dozen countries, including Indian External Affairs Minister S M Krishna, as the Obama Administration stepped up its effort to increase pressure on the Syrian regime.
The Force India Formula One team vanished from television screens for the second day in a row at the Bahrain Grand Prix on Saturday, triggering speculation that they had been punished for pulling out of Friday practice.
Former Indonesia caretaker coach Aji Santoso has been banned for four games for suggestions of bribery to match officials in a humiliating 10-0 World Cup qualifying defeat by Bahrain in February, local media reported on Wednesday.
This is for the first time that the US has slammed sanctions against an ISIS leader in India.
News of all that's transpired on and off the football field
Summary of sports events and persons who made news on Sunday
Ferrari's Charles Leclerc held off Lewis Hamilton to win his first Formula One race on Sunday in the Belgian Formula One Grand Prix.
Formula One star Lewis Hamilton lost a chance to win the Bahrain Grand Prix after his pit crew made the mistake of fixing his car during the race.
Michael Schumacher will have a five-place penalty on the starting grid for the Bahrain Formula One Grand Prix after an unscheduled gearbox change, his Mercedes team said on Sunday.
Alternation of circuits and team personnel could be the way forward for Formula One to add new races to a crowded calendar without losing existing ones.
Max Verstappen apologised to Brazilian Formula One fans on Monday after a comment about Felipe Massa caused offence at the weekend.
The flight had been suspended since February this year as it was not profitable.
The semi-official news agency Tasnim said an unspecified number of women had entered the Azadi (Freedom) Stadium to watch Persepolis seek to overturn a 2-0 first-leg deficit against Japan's Kashima Antlers and claim their first continental crown.
Sebastian Vettel will have to be the best of the best if he is to join Juan Manuel Fangio and Michael Schumacher as the only drivers to have won three successive Formula One titles.
Iraqi Prime Minister Haider al-Abadi welcomed a decision from soccer's world governing body FIFA to lift a ban on hosting competitive international soccer matches at stadiums in three Iraqi cities.
Fernando Alonso can see a brighter future for McLaren, despite turning up at his home Spanish Grand Prix on Thursday with a stye in his eye.
After the stupendous success of this year's inaugural edition, next season's Indian Grand Prix Formula One race will be held on October 28 at the Buddha International Circuit at Greater Noida.
If you think the film is gutsy, you are simply being blind to the truth that the whole men-are-worthless slant is saleable right now, argues Sreehari Nair.
Qatar will lead growth in the region with around 8.7 per cent, while growth will be about six per cent each in Saudi Arabia and Kuwait, 4.5 per cent in the United Arab Emirates, 4.2 per cent in Oman and 3.1 per cent in Bahrain, the report by Kuwait-based Gulf Investment Company said.
Formula One has no qualms about holding a grand prix in Azerbaijan next year despite concerns raised by rights activists, the sport's commercial supremo Bernie Ecclestone said on Sunday.
The Briton will be toiling flat out on May Day, the international workers' holiday, to deny his German rival a seventh successive win and fourth of the sport's longest ever season.
Summary of sports events and persons who made news on Wednesday
The two countries are interested in the current version of the Tejas and not the upgraded one which will be rolled out later.
Lamborghini, which expects 60% growth this year has priced Huracan Evo at Rs 3.73 crore, also said in the next five years India will be one of the top 15 markets for the company.
Makes us wonder how these cyclists don't fall short of breath as they pedal to the finish line. Here's a glimpse of the tricky but beautiful terrain that outlines the Tour de France...
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
India is in talks with members of the Gulf Cooperation Council (GCC) to conclude a free trade agreement and a framework agreement for the FTA has already been signed, a leading Indian banker in the region has said.
Rediff readers tell us what they did with their first salary.
Formula One teams and stakeholders failed to agree a fix for the sport's failed new qualifying format at the Bahrain Grand Prix on Sunday and agreed instead to go away and consider a compromise by next Thursday.
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