News for 'Board of Approvals'

CBSE exam results by July 15; SC approves assessment

CBSE exam results by July 15; SC approves assessment

Rediff.com26 Jun 2020

According to Exam Controller Sanyam Bhardwaj, the exams which were pending due to the COVID-19 situation have been cancelled.

SC approves Navlakha's house arrest, with strict conditions

SC approves Navlakha's house arrest, with strict conditions

Rediff.com10 Nov 2022

The Supreme Court on Thursday allowed jailed activist Gautam Navlakha's request for house arrest, saying prima facie there is no reason to reject his medical report.

Should Mallya continue on the Sanofi board?

Should Mallya continue on the Sanofi board?

Rediff.com28 Apr 2015

Sanofi India is seeking approval of the shareholders for perpetuity.

Former AAP official Vijay Nair gets bail in excise policy case

Former AAP official Vijay Nair gets bail in excise policy case

Rediff.com2 Sep 2024

In a relief to former Aam Aadmi Party communication in-charge Vijay Nair, the Supreme Court on Monday granted him bail after nearly 23 months of incarceration in a money laundering case stemming from the alleged Delhi excise policy scam, observing that liberty is 'sacrosanct' and needs to be respected in cases involving even stringent laws.

SpiceJet interested in buying bankrupt Go First

SpiceJet interested in buying bankrupt Go First

Rediff.com19 Dec 2023

SpiceJet on Tuesday said it has expressed interest to acquire Go First and plans to submit its offer after carrying out due diligence of the bankrupt carrier. Go First, which stopped flying since May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process.

Union cabinet gives go ahead to 'one nation, one poll'

Union cabinet gives go ahead to 'one nation, one poll'

Rediff.com18 Sep 2024

The Union Cabinet on Wednesday approved the proposal for 'one nation, one Election' as recommended by the Kovind panel, Union minister Ashwini Vaishnaw said on Wednesday.

Govt approves easier Angel Tax exemption process for start-ups

Govt approves easier Angel Tax exemption process for start-ups

Rediff.com16 Jan 2019

To seek tax exemption, a start-up will now have to apply, with all the documents, to the DIPP instead of the inter-ministerial board of certification. The earlier requirement of start-up to submit report from merchant banker specifying the fair market value of shares has also been removed.

Adani hikes stake in flagship firm

Adani hikes stake in flagship firm

Rediff.com21 Aug 2023

Billionaire Gautam Adani-led promoter group has increased its stake in the group's flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said.

TCS board okays Rs 16K cr share buyback

TCS board okays Rs 16K cr share buyback

Rediff.com15 Jun 2018

The buyback, at Rs 2,100 per equity share, entails up to 7.61 crore shares or 1.99 per cent of the total paid up equity share capital.

Govt approves 100% FDI in aviation, defence, e-commerce

Govt approves 100% FDI in aviation, defence, e-commerce

Rediff.com20 Jun 2016

India already allows 100 per cent ownership of greenfield pharma businesses.

Sebi approves new insider trading rules

Sebi approves new insider trading rules

Rediff.com19 Nov 2014

Sebi also approved new delisting rules.

Sebi rejects NSE's proposal to extend trading hours

Sebi rejects NSE's proposal to extend trading hours

Rediff.com7 May 2024

Capital markets regulator Sebi has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock brokers community. "Currently, there is no plan to extend the timings as Sebi has returned our application as the stock brokers have not given the feedback that Sebi wanted. "So, as of now, the extended time frame (plan) is shelved," NSE MD and CEO Ashishkumar Chauhan said in a post-earnings analysts call.

RBI allows microfinance lenders to fix interest rates

RBI allows microfinance lenders to fix interest rates

Rediff.com14 Mar 2022

The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 300,000. Each regulated entity (RE) should put in place a board-approved policy regarding pricing of microfinance loans, said the 'Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022'. In the past, the central bank used to announce the rates on quarterly basis.

BCCI sponsorship bids approved

BCCI sponsorship bids approved

Rediff.com15 Aug 2006

The Indian team's formal wear and accessories, BCCI ratings, awards and web portal were approved by the Marketing Committee.

Crypto Investments: Brace For Volatility, Regulation Threat

Crypto Investments: Brace For Volatility, Regulation Threat

Rediff.com24 Jan 2024

Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Rediff.com12 May 2022

Tata Sons on Thursday announced the appointment of Campbell Wilson as chief executive officer and managing director of Air India. Wilson is the founding CEO of low-cost airline Scoot.

Siemens' strong July-September quarter results fail to cheer markets

Siemens' strong July-September quarter results fail to cheer markets

Rediff.com7 Dec 2023

Siemens reported solid results in the July-September quarter (fourth quarter, or Q4) of 2022-23 (FY23), with the top line growing 25 per cent year-on-year (Y-o-Y) to Rs 5,808 crore. The operating profit margin stood at 12.1 per cent, led by lower employee costs and other operating expenses. The company follows the October-September financial year.

FIH names Sreejesh as co-chair of Athletes Committee

FIH names Sreejesh as co-chair of Athletes Committee

Rediff.com28 Mar 2024

The FIH Athletes Committee serves as a consultative body and makes recommendations to the FIH Executive Board, FIH Committees, Advisory Panels and other bodies.

Performance is my only currency: Virat Kohli

Performance is my only currency: Virat Kohli

Rediff.com18 May 2024

Virat Kohli says he doesn't need either approval or assurance from anyone on his capability.

Sebi nods ASBA-like facility for secondary mkt

Sebi nods ASBA-like facility for secondary mkt

Rediff.com29 Mar 2023

Markets regulator Sebi will put in place a framework for the Application Supported by Blocked Amount (ASBA) facility for investors in secondary market trading, similar to the existing system for IPO investors. Sebi's board approved the proposal during its meeting here on Wednesday. Through the proposed facility, which would be optional for investors as well as stock brokers, Sebi aims to bring in "efficiency in the secondary market ecosystem by allowing usage of same blocked amount towards margin and settlement obligations.

Paytm can continue UPI transactions through 4 banks

Paytm can continue UPI transactions through 4 banks

Rediff.com14 Mar 2024

The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.

'Pakistan stars prioritise T20 leagues over country'

'Pakistan stars prioritise T20 leagues over country'

Rediff.com26 Jan 2024

Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman

Would love to play Test against Pakistan, says Rohit

Would love to play Test against Pakistan, says Rohit

Rediff.com18 Apr 2024

India captain Rohit Sharma says he wouldn't mind playing Tests against Pakistan at a neutral venue as it would be a "great contest" against the "superb bowling line-up" of the arch-rivals.

BSE finalises investors, approvals awaited: Patel

BSE finalises investors, approvals awaited: Patel

Rediff.com13 Apr 2007

The Bombay Stock Exchange has agreed to sell 41 per cent stake to a clutch of domestic and foreign investors for about 385 million dollars, subject to regulatory approvals.

ECB approves financial package to help counties hit by COVID-19

ECB approves financial package to help counties hit by COVID-19

Rediff.com17 Jun 2020

Cricket has been suspended since March and the ECB approved an additional financial package of 35.7 million pounds ($44.71 million)

AIFF likely to implement Additional Video Review System

AIFF likely to implement Additional Video Review System

Rediff.com6 Jan 2024

Several countries across the globe use VAR in their domestic club competitions after it was first introduced in Australia and the United States.

Banks wrote off NPAs over 10 lakh crore in last 5 financial years: FM

Banks wrote off NPAs over 10 lakh crore in last 5 financial years: FM

Rediff.com13 Dec 2022

Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Rediff.com17 Jan 2024

Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.

Sebi Has Strong Case Against Hindenburg

Sebi Has Strong Case Against Hindenburg

Rediff.com4 Jul 2024

If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.

ICC moves U-19 World Cup from Sri Lanka to South Africa

ICC moves U-19 World Cup from Sri Lanka to South Africa

Rediff.com21 Nov 2023

The ICC on Tuesday moved next year's men's U-19 World Cup from Sri Lanka to South Africa, 11 days after the world governing body provisionally suspended the island nation's cricket board due to government interference.

Adani hikes stake in two group companies

Adani hikes stake in two group companies

Rediff.com10 Sep 2023

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies, as the ports-to-energy conglomerate continues to work on a claw back strategy after being hit by damaging reports. The promoter group has increased stake in flagship Adani Enterprises to 71.93 per cent from 69.87 per cent, according to stock exchange filings. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses.

Big 3 to lose clout? ICC Board calls for 'independent' chairman

Big 3 to lose clout? ICC Board calls for 'independent' chairman

Rediff.com4 Feb 2016

The ICC Board, at its first meeting of 2016 in Dubai on Wednesday, considered amendments made to the ICC's constitution in 2014 and agreed that, in order to avoid any potential conflicts of interest and follow best practice principles of good governance, it will seek to re-establish as quickly as possible the 'independent' position of ICC chairman.

World Bank approves $1bn COVID-19 aid for India

World Bank approves $1bn COVID-19 aid for India

Rediff.com3 Apr 2020

The World Bank also approved $200 million for Pakistan, $100 million for Afghanistan, $7.3 million for the Maldives and $128.6 million for Sri Lanka.

Bank board picks Dinesh Khara as new SBI chairman

Bank board picks Dinesh Khara as new SBI chairman

Rediff.com29 Aug 2020

Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.

Markets Calm, MF Launches Accelerate

Markets Calm, MF Launches Accelerate

Rediff.com15 Jun 2024

'Investors should do proper analysis before putting in their money in NFOs as most new launches are in the high-risk thematic space.'

India Inc may feel heat of new governance norms, higher compliance

India Inc may feel heat of new governance norms, higher compliance

Rediff.com30 Jun 2023

India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India's (Sebi's) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers. Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures. The new framework will further empower public shareholders and soon move towards a 'comply or be penalised regime or comply or explain' in the case of high-value debt-listed entities.

UltraTech Cement to acquire 23% in India Cements

UltraTech Cement to acquire 23% in India Cements

Rediff.com27 Jun 2024

The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.

Ramleela play: Prof, 5 students get bail; Pune varsity to probe incident

Ramleela play: Prof, 5 students get bail; Pune varsity to probe incident

Rediff.com4 Feb 2024

The play by the Lalit Kala Kendra, officially called the Centre for Performing Arts, was based on the backstage banter of actors who perform various roles in 'Ramleela'.

Byju's may move NCLAT against insolvency order

Byju's may move NCLAT against insolvency order

Rediff.com18 Jul 2024

Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed. With the NCLT appointing Pankaj Srivastava as the interim resolution professional (IRP), time is running out for Byju's as the committee of creditors (CoC) begins to be formed.

SC approves draft Cauvery Management Scheme

SC approves draft Cauvery Management Scheme

Rediff.com18 May 2018

Karnataka, which is facing a political tug-of-war between the Bharatiya Janata Party and Congress-Janata Dal-Secular over government formation, had earlier made a failed bid to temporarily stall the finalisation of draft Cauvery management scheme.