News for 'Board of Approval'

Why Wayanad's Landslide Survivors Are Protesting

Why Wayanad's Landslide Survivors Are Protesting

Rediff.com27 Mar 2025

In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.

'The Girls Said I Want To Play Football'

'The Girls Said I Want To Play Football'

Rediff.com15 Feb 2025

'When the girls said they want to play football, the mothers were encouraging.' 'It was the fathers who were against the idea.'

No Waqf bill in winter session as JPC panel gets extension

No Waqf bill in winter session as JPC panel gets extension

Rediff.com28 Nov 2024

The parliamentary panel's meetings have become a virtual battleground between the opposition and the ruling party members, who have been vociferously debating the changes to the Waqf Bill proposed by the government.

Hyundai Motor India gets Sebi nod to float IPO

Hyundai Motor India gets Sebi nod to float IPO

Rediff.com25 Sep 2024

Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday. This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.

Australia's Khawaja flies to India after visa approved

Australia's Khawaja flies to India after visa approved

Rediff.com2 Feb 2023

Australia opener Usman Khawaja will join his Test team mates in India later on Thursday following a delayed approval of his visa.

Gautam Singhania reappointed as Raymond CMD for 5 years

Gautam Singhania reappointed as Raymond CMD for 5 years

Rediff.com27 Jun 2024

Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman & managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. "The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. "The AGM commenced at 3 pm and concluded at 4:05 pm," Raymond Ltd said in a regulatory filing.

Vijay Mallya slams ED, banks for taking more than 2x his debt

Vijay Mallya slams ED, banks for taking more than 2x his debt

Rediff.com19 Dec 2024

Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. His remarks came following a statement by Finance Minister Nirmala Sitharaman in Parliament about recovery of over Rs 14,130 crore from his attached assets.

TOPS approves Bajrang, Vinesh's request

TOPS approves Bajrang, Vinesh's request

Rediff.com21 Mar 2023

Star wrestlers Bajrang Punia and Vinesh Phogat's request to train in Kyrgyzstan and Poland respectively was approved by TOPS.

Shimla mosque row ends as demolition of illegal portion begins

Shimla mosque row ends as demolition of illegal portion begins

Rediff.com21 Oct 2024

The demolition started with the removal of the roof amid tight police security, Latif told the PTI on Monday evening.

Practice of permanent board seats at listed companies likely to end

Practice of permanent board seats at listed companies likely to end

Rediff.com22 Feb 2023

The Securities and Exchange Board of India (Sebi) has proposed to put a stop to the practice of certain directors occupying permanent board seats at listed companies. The regulator has suggested that the directorship of any individual serving on the board should be subject to periodic approval from shareholders, at least once in five years. In a discussion paper issued on Tuesday, Sebi said a few promoters enjoyed permanency on the board, giving them an undue advantage, prejudicial to the interests of public shareholders.

Cricket's expansion: Africa aims for IPL-like league

Cricket's expansion: Africa aims for IPL-like league

Rediff.com5 Nov 2024

The Africa Cricket Association (ACA) has started dialogue with the Asian Cricket Council (ACC) and other stakeholders to revive the once popular Afro-Asia Cup

Vande Bharat completes trial run in JK, reaches Srinagar

Vande Bharat completes trial run in JK, reaches Srinagar

Rediff.com25 Jan 2025

The train, on its maiden trial run, arrived at Srinagar station in the Nowgam area on Srinagar's outskirts from Katra in Jammu.

HDFC gets board's nod to raise Rs 57K crore through NCDs

HDFC gets board's nod to raise Rs 57K crore through NCDs

Rediff.com27 Mar 2023

Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing. This is in accordance with the approval granted by the shareholders of the HDFC at the 45th annual general meeting held on June 30, 2022, it said.

Lack of charging infra a shock for booming EV market

Lack of charging infra a shock for booming EV market

Rediff.com11 Feb 2025

Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.

Sebi removed 15,000 sites with unauthorised advice in three months

Sebi removed 15,000 sites with unauthorised advice in three months

Rediff.com2 Sep 2024

Kamlesh Chandra Varshney, a whole-time member of the Securities and Exchange Board of India (Sebi), said on Friday that the market regulator in the last three months had removed around 15,000 content sites linked to unregistered finfluencers or providing unauthorised investment advice. Speaking at the Global Fintech Fest, he said there was successful engagement with the technology providers who are complying with the regulator's request.

SC sets aside NCLAT order against Byju's

SC sets aside NCLAT order against Byju's

Rediff.com23 Oct 2024

In a significant verdict, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal's (NCLAT) verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's. A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju's Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.

ONGC approves stock split, bonus issue

ONGC approves stock split, bonus issue

Rediff.com16 Dec 2010

ONGC will split equity shares of Rs 10 face value into two shares of Rs 5 face value. Furthermore, the board approved a 1:1 bonus share issue - one new share being issued for every existing equity held by shareholders - as a precursor to the company's planned follow-on public offer (FPO) in March, 2011.

Public sector banks may take QIP route to meet shareholding norm

Public sector banks may take QIP route to meet shareholding norm

Rediff.com26 Jul 2024

Public-sector lenders Indian Overseas Bank (IOB) and Uco Bank are likely to raise funds through qualified institutional placement (QIP) next month. Punjab & Sind Bank is likely to follow suit later this financial year to meet the public shareholding norm of 25 per cent. When a public-sector unit raises funds through QIP, the money goes to the company because it involves issuing new shares whereas in the case of offer for sale (OFS), the money raised goes to the government because its shares are sold.

Age limits on health insurance policies removed

Age limits on health insurance policies removed

Rediff.com20 Apr 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.

IRDAI removes age limits on health insurance, huge relief for seniors

IRDAI removes age limits on health insurance, huge relief for seniors

Rediff.com20 Apr 2024

The move by the insurance regulatory body aims to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings.

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Rediff.com17 Jul 2024

The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism framework designed to curb such market abuses. This framework, approved by the Sebi board in April, was slated to take effect six months after its notification. But, recent developments have set the wheels of regulation turning faster.

IPOs Soar on Bullish Market

IPOs Soar on Bullish Market

Rediff.com8 Sep 2024

The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.

Maruti Suzuki Q2 net profit dips 18%; revenue at Rs 37,449 cr

Maruti Suzuki Q2 net profit dips 18%; revenue at Rs 37,449 cr

Rediff.com29 Oct 2024

Maruti Suzuki India on Tuesday reported an 18 per cent year-on-year dip in consolidated net profit at Rs 3,102 crore for the second quarter ended September hit by the withdrawal of indexation benefit and change in the tax rate on long term capital gains on debt mutual funds. The country's largest carmaker had posted a net profit of Rs 3,786 crore in the July-September quarter of last fiscal.

Urban Realtors Ride Redevelopment Bandwagon

Urban Realtors Ride Redevelopment Bandwagon

Rediff.com8 Oct 2024

15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.

New ICC chief Jay Shah to stay as BCCI secretary till December

New ICC chief Jay Shah to stay as BCCI secretary till December

Rediff.com24 Sep 2024

Jay Shah will not step down from his current role as BCCI Secretary during the upcoming AGM, as he is scheduled to assume his new position only from December 1.

England's Pakistan tour hanging in balance

England's Pakistan tour hanging in balance

Rediff.com13 Sep 2024

'The Chairman has made it clear that relocating the series would damage the image of the PCB, and Rawalpindi and Multan should be used as the venues for the three-match series.'

Raveendran on why Byju's auditor BDO resigned

Raveendran on why Byju's auditor BDO resigned

Rediff.com7 Sep 2024

Byju's audit firm BDO had suggested backdating of reports, which the company refused, and their resignation is more of optics, a top official of the edtech firm alleged on Saturday. Speaking on the resignation of BDO as its audit firm, Byju's CEO Byju Raveendran told PTI that the auditors are the first to know about insolvency proceedings but they did not inform about it to the court-appointed insolvency resolution professional (IRP). "They have asked us to do multiple backdating of reports.

HC directs MP to act on Union Carbide waste disposal in 6 weeks

HC directs MP to act on Union Carbide waste disposal in 6 weeks

Rediff.com7 Jan 2025

The Madhya Pradesh high court in Jabalpur on Monday directed the state government to take steps within six weeks for disposal of Bhopal-based Union Carbide's 337 tonnes of hazardous waste as per safety protocols, while restraining the media from publishing any fake news on the same.

Tata Sons shareholders approve Chandra's 2nd stint

Tata Sons shareholders approve Chandra's 2nd stint

Rediff.com26 Apr 2022

Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February this year, the Board of Tata Sons had approved the reappointment of Chandrasekaran as executive chairman for another five years till February 2027, subject to shareholders' approval. At the shareholders meeting held on Monday, the proposal for Chandrasekaran's reappointment for a second term needed more than 50 per cent of votes as it was an ordinary resolution.

Former Yorkshire chairman Graves apologises for racism

Former Yorkshire chairman Graves apologises for racism

Rediff.com11 Jan 2024

Former Yorkshire County Cricket Club chairman Colin Graves apologised to anyone who suffered racism at the club.

SC agrees to list plea related to Byju's insolvency proceedings

SC agrees to list plea related to Byju's insolvency proceedings

Rediff.com6 Sep 2024

The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm Byju's and approving its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest.

Delhi LG removes AAP govt nominees from discom boards

Delhi LG removes AAP govt nominees from discom boards

Rediff.com11 Feb 2023

The ruling Aam Aadmi Party termed the LG's orders removing Shah and Gupta from the boards of discoms "illegal and unconstitutional". The LG does not have the power to issue such orders, it claimed.

Team India's fate in Govt's hands

Team India's fate in Govt's hands

Rediff.com30 Sep 2024

It's up to the government to decide whether our team should go to any country or our team should not go to any country, BCCI vice-president Rajeev Shukla on India's travel to Pakistan for Champions Trophy in 2025.

New ICC boss Jay Shah to continue as BCCI secretary till...

New ICC boss Jay Shah to continue as BCCI secretary till...

Rediff.com5 Sep 2024

No election for BCCI secretary's post at BCCI's Annual General Body Meeting later this month.

Ready to pay entire money to lenders, if...: Byju

Ready to pay entire money to lenders, if...: Byju

Rediff.com17 Oct 2024

Troubled edtech firm Byju's founder Byju Raveendran on Thursday said that he is willing to pay back the entire money to lenders if they are willing to work with him. During a two-and-a-half-hour call with the media, Raveendran said that lenders will not get any money if the process of insolvency against the company continues. "If they are willing to work with me, I am willing to give them money back before I take a single rupee out.

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

Rediff.com26 Sep 2023

While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.

Munambam: The Politics Of Waqf Land

Munambam: The Politics Of Waqf Land

Rediff.com27 Nov 2024

The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics. Controversies become the stuff of slow-burn and brinkmanship. The former promises mileage; the latter searches for an advantage, notes Shyam G Menon.

Liberalization: How Dr Singh Convinced Narasimha Rao

Liberalization: How Dr Singh Convinced Narasimha Rao

Rediff.com2 Jan 2025

'I had to persuade him. I think he was a sceptic to begin with, but later on he was convinced that what we were doing was the right thing to do, that there was no other way out.'

Celebrate 'Cow Hug Day' on Feb 14: Animal Welfare Board

Celebrate 'Cow Hug Day' on Feb 14: Animal Welfare Board

Rediff.com8 Feb 2023

The notice further said hugging cows will bring "emotional richness" and increase "individual and collective happiness".

IOC penalises IOA over ongoing internal row

IOC penalises IOA over ongoing internal row

Rediff.com11 Oct 2024

Withholds Olympic Solidarity fund