Jyoti 'Jay' Chaudhuri, general counsel and senior adviser to the state treasurer of the US state of North Carolina, was elected chairman of the board of the Council of Institutional Investors, last month.
The recently-created flexi-cap fund category is emerging as the hottest segment in the Rs 11-trillion equity mutual funds (MFs) space. Buoyed by the success of ICICI Prudential Flexicap Fund, other MFs are lining up new fund offerings (NFO) in this segment. Industry players say the flexi-cap category could emerge as the biggest segment in the equity MF space. Recently, ICICI Pru Flexicap's NFO collected a record Rs 10,200 crore.
To ensure transparency, the Third Eye Cinema Fund has roped in various agencies as auditors and advisors.
BCCI to seek SC approval to relax tenure reform
Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.
'The Chinese can't be trusted hence the need to verify and re-verify.'
Board of Control for Cricket in India CK Khanna hailed the decision to appoint Sourav Ganguly as the president of the cricket governing body.
With COVID-19 cases declining, Karnataka government on Monday permitted re-opening of schools for students of classes 1 to 5 from October 25 by strictly adhering to precautions and guidelines against the coronavirus.
"I think, this is something that all Indians should be concerned about because strength of our institutions is really important for our growth, sustainable growth and equity in the economy," said Rajan.
IPL governing council chairman Brijesh Patel said "everything is on schedule currently'.
Private equity firm Carlyle Group and associates will acquire a controlling stake of over 50 per cent in PNB Housing Finance by investing in the Rs 4,000 crore preferential issue of equity and warrants of the Delhi-based mortgage lender. After the proposed transactions, expected to be completed by January 1, 2022, Carlyle will also have the right to nominate the chairperson of PNB Housing Finance (PNB HF). This right will continue as long as it holds at least 40 per cent of the share capital on a fully diluted basis.
The prospects of India becoming a credible manufacturer of defence platforms or major weapon systems for export are remote, says Vice Admiral Premvir Das (retd).
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders
The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk management framework.
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
The England Cricket wrote, 'We CANNOT wait to have you back with us!'
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
The function at India Gate will begin at 9 am, Joint Commissioner of Police (Traffic), Alok Kumar, said.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
Mamata Banerjee, on Monday, congratulated former Indian cricketer Sourav Ganguly,
The bank has hired US-based advisory firm Korn Ferry to help with the selection process.
The prime minister in his intervention at the session on "global economy and global health" also flagged the issue of facilitating international travel and talked about the mechanism of mutual recognition of vaccine certification as a means of achieving this, according to the text of his intervention shared by his office.
It remains to be seen how Powar works alongside Mithali, who had accused him of bias after the Harmanpreet Kaur-led T20 team dropped the veteran batter for the all-important World Cup semi-final against England.
'If the Bangladesh-China relationship strengthens further, it can only be to India's detriment,' notes Vice Admiral Premvir Das.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
The Securities and Exchange Board of India's (Sebi's) planned research analyst regulations will also apply to proxy advisory services which provide advice on corporate governance and issue voting recommendations to institutional shareholders regarding company resolutions.
In the high profile co-location case, markets regulator Sebi on Wednesday imposed a penalty of Rs 1 crore on the NSE for failing to provide a level-playing field for trading members subscribing to its tick-by-tick (TBT) data feed system. In addition, the regulator levied a fine of Rs 25 lakh each on NSE's former managing directors and chief executive officers Chitra Ramakrishna and Ravi Narain. Alleged lapses in high-frequency trading offered through NSE's co-location facility came under the scanner of the watchdog after a complaint was filed in 2015.
'If she contests it, then these people will have to fight it in court.'
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
Gaurav Mehta, one of 100 'Young Global Leaders', is tapping entrepreneurs inside rural Indians.
Railway Budget has not discriminated against any state.
The 47-year-old Ganguly was officially entrusted with the task of heading Indian cricket for the next nine months at the BCCI's General Body meeting in Mumbai, ending a tumultuous 33-month reign of the Supreme Court-appointed Committee of Administrators (CoA).
The decision wasn't surprising as almost all the senior players in unison, had made it clear that the contracts offered by the Sri Lanka Cricket wasn't to their liking
Cricket South Africa (CSA) suspended all forms of cricket for the next 60 days to minimise the impact of the coronavirus. South Africa men's cricket team coach Mark Boucher suggested to turn off cell phones for two weeks amid the ongoing global lockdown due to coronavirus pandemic.
None of the overseas recruits of eight IPL franchises have expressed any apprehensions about travelling to India. And there are multiple practical reasons why the T20 extravaganza will be held as per schedule.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Batting legend V V S Laxman said Indian cricket will undoubtedly continue to prosper under former skipper Sourav Ganguly, who is set to take over as the president of BCCI.
The aircraft involved in the incident were operating on Coimbatore-Hyderabad and Bengaluru-Cochin routes.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
The two remaining India-South Africa ODIs in Lucknow and Kolkata were on Friday called off owing to the coronavirus pandemic after the visiting players "expressed unwillingness" to continue in view of the rising positive cases in the host country. The game in Lucknow was scheduled to be held on Sunday, while the Kolkata ODI was meant to be on March 18.
