The ruling was made by the Securities Appellate Tribunal, an independent quasi-judicial body that rules on appeals against orders passed by the Sebi.
A Pakistani doctor who allegedly helped the US to track down Al Qaeda chief Osama bin Laden has sought a fresh probe into his conviction in a treason case.
The dispute over the tax payable for its purchase in 2007 of the 67 per cent stake in Hutch is on an amount of Rs 11,200 crore (Rs 112 billion).
'While China expressed reservations on the Indian role in the South China Sea, Beijing threw to the winds Indian concerns on Kashmir by announcing $46 billion in investments Pakistan occupied Kashmir,' says Srikanth Kondapalli.
With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.
The stage is now set for the controversial three-day cultural event opening on Friday on the Yamuna flood plains even as Art of Living guru Sri Sri Ravi Shankar struck a defiant note that he will not pay Rs 5 crore fine imposed by Green Tribunal and would rather go to jail.
A Sebi spokesperson did not respond to an email seeking comments.
After the court exonerated him in the case, a happy Prof Joseph told Rediff.com over the phone, "I am very happy. I had no intentions of hurting anyone. When the protests happened I had given an unconditional apology to both the public and the college but it was not accepted. Today they know that I was innocent."
Over a month at the helm, Karnataka Chief Minister Siddaramaiah on Tuesday said he was working towards "visible changes" in administration and asked his ministers to be honest enough to have the "moral courage."
The service conditions and judges' remuneration are not alluring .
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Metalist Kharkiv, due to play Schalke 04 in the Champions League play-off round next week, has been kicked out of the competition over a domestic match-fixing case dating back to 2008, the UEFA said on Wednesday. The decision by UEFA's appeals committee came 10 days after Metalist lost an appeal at the Court of Arbitration for Sport.
Rivals say the concessions would benefit AirAsia alone.
The Indian Formula One Grand Prix is expected to return in 2016 as a "fruitful" meeting between F1 boss Bernie Ecclestone and race promoters has prepared the ground for the comeback of the high-profile event.
N Sathiya Moorthy explains how the recent floods may complicate the Cauvery issue among Tamil Nadu, Karnataka and Kerala
'Will Modi succeed with the Swachh Bharat Abhiyan? He will not, because cultural change does not come purely from legislation and never overnight. It comes internally and this is something Gandhi understood,' says Aakar Patel.
Sherine Xavier, a Sri Lankan Tamil filmmaker from Canada, is happy. After months of struggle with the Indian censor board, she has finally obtained approval to screen her film Muttrupullia?, which deals with the post-war situation in Sri Lanka's Tamil areas.
Reliance Infra-backed BSES discoms have sought Rs 450 crore "dues" from Delhi government and the Municipal Corporation of Delhi to overcome their immediate "financial difficulties" and avoid black outs in 70 per cent areas even as the AAP dispensation maintained it will not adopt a "lenient" approach in dealing with the firms.
Punjab politics has produced a dog's breakfast on the river waters issue. Except, you'd see even dogs eat better, says Shekhar Gupta.
UEFA president Michel Platini has said he intends to ignore FIFA requests and not return a luxury watch valued at 25,000 Swiss francs ($26,600), given to him by the Brazilian Football Confederation (CBF).
The Group of Ministers constituted for the creation of a separate state of Telangana on Wednesday discussed the sharing of river water and irrigation resources in Andhra Pradesh after the state's bifurcation, but failed to arrive at a resolution.
Supreme Court must be less ambitious in the issues it chooses to take up, says M J Antony
Verifiable 'distress-sharing' of available water may still be the way out of the Cauvery water row, says N Sathiya Moorthy.
The taxpayers and honest borrowers suffer when a big entity defaults.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The Supreme Court imposed a green tax on trucks destined for other states but wanting to take a shorter route through Delhi.
'I don't want a government to tell me that I can't be there for my sister's wedding.'
Art of Living's spiritual leader, Sri Sri Ravi Shankar, faced the ire of activists and the National Green Tribunal for environmental violations that would occur when an event of this scale - the festival is said to have seen 3.5 million footfalls -- is hosted in an ecologically sensitive region.
Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.
'We should hope and pray that the PM's sentiment is not held ransom by machinations and craftiness of a few junior babus who throw in an imaginary impediment at every welfare measure and snigger and giggle at the sidelines every time a soldier is ill at ease,' says Major Navdeep Singh on the one rank one pension debate.
Internal simmering in the army has come to a boil after the government tries to retain a discriminatory promotions policy.
Union Minister for Water Resources Uma Bharati recently reiterated her commitment towards making the Yamuna Shuddikaran Abhiyan a success but said little else. It is obvious that in comparison to the Ganga about which she waxes eloquent at the drop of a hat, her treatment towards Yamuna can at best be described as step-motherly. Rashme Sehgal reports on efforts to save the river.
'The government must make clear once and for all that promotions in the Indian Army are not the right of individuals, but a privilege given in accordance with role and function.'
More than legal and illegal mining of sand, the issue which stares us in the face is sustainable sand mining, says Gopal Krishna
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It depends on the assessing officer's interpretation. To be on the safe side, have a separate trading account.
It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.
Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey
The justice delivery system is struggling to cope, creaking at the joints and bursting at the seams. Indian courts have to deal with about 30 million cases with a judicial strength of just about 19,000 judges.
The debate on the constitutionality of tribunals has not been set to rest as yet, says Gopal Krishna.
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