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.
Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
Aseem Chhabra picks his top 10 Indian films of 2024, which includes films that have had theatrical releases or are streaming on OTT.
Russia loses appeal against IOC ban
The SC observes that the arrest of Kejriwal by the CBI was unjustified.
Many are attracted by the potential for large gains, but don't necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.
But the artiste, who often attends Ipswich's home matches, will have an executive box at the Portman Road Stadium, the club added.
The members who were present at the 93rd BCCI Annual General Meeting (AGM) in Bengaluru on Sunday requested incumbent secretary Jay Shah to speed up the process of finding his successor to keep the transition of power as smooth as possible.
The new asset class (NAC) proposed by the market regulator could see diverse product offerings with high-risk strategies across equity and debt if the mutual fund (MF) industry's recommendations are incorporated into the final regulations. While the Securities and Exchange Board of India (Sebi) has suggested relaxations in investment norms for NAC compared to traditional MFs, some fund houses are advocating for further relaxations in concentration norms, greater flexibility in leverage, and the ability to invest in securities currently outside the MF domain, such as unlisted debt papers and debentures, sources reveal.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Air quality index (AQI) soared past 350 level in parts of Delhi on Thursday and experts cautioned that as weather turns colder it may breach the 400-mark ceiling and enter the 'severe' zone soon, notwithstanding the incidents of stubble burnings which have nosedived from 17,529 in 2020 to 4,262 this year.
The Indian Space Research Organisation said it successfully carried out an "extremely challenging" controlled re-entry experiment of the decommissioned orbiting Megha-Tropiques-1 (MT-1) satellite.
Three senior executives have resigned from Byju's at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital, and a markdown in its valuation by investors. Prathyusha Agarwal, the chief business officer of Byju's, has quit, according to sources. They said Himanshu Bajaj, business head of Byju's tuition centres, and Mukut Deepak, business head for Class 4 to 10, have also moved on.
The Tirupati Laddu row intensified on Friday with the Tirumala Tirupati Devasthanams (TTD), which is managing the super-rich temple, backing Chief Minister N Chandra Babu Naidu's claim that the famous 'prasadam' had animal fat and Yuvajana Sramika Rythu Congress Party president Y S Jagan Mohan Reddy dubbing the accusations as 'atrocious'.
Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.
The International Cricket Council board on Thursday recommended former South Africa wicketkeeper David Richardson's name as Haroon Lorgat's successor for the post of Chief Executive Officer.
'So, we would work with our members to ensure that we as an SRO create some sort of due diligence for fintechs.'
Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.
The Securities and Exchange Board of India's (Sebi's) six-step plan to curb retail participation in speculative index derivatives may lead to a substantial drop in volumes - potentially by 30-40 per cent. These measures aim to reduce excessive speculation in the futures and options (F&O) segment, where daily turnover often exceeds Rs 500 trillion and retail investors end up on the losing side of the trade more often. Sebi has decided to increase the contract size from Rs 5 lakh to Rs 15 lakh, raising margin requirements and mandating the upfront collection of option premiums from buyers.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
Bhalla will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
'We insisted multiple times but Jadeja refused to take any money from the Afghanistan Cricket Board for his services during the 2023 ODI World Cup.'
The Mumbai Crime Branch and the Uttar Pradesh police Special Task Force arrested Gautam along with Anurag Kashyap, Gyan Prakash Tripathi, Akash Srivastava and Akhilendra Pratap Singh on Sunday in Uttar Pradesh's Nanpara area, near the Nepal border.
The move by Congress president Mallikarjun Kharge's son Rahul Kharge comes close on the heels of Chief Minister Siddaramaiah's wife Parvathi returning the 14 sites to Mysuru Urban Development Authority after the Lokayukta police registered a case against Siddaramaiah, his wife and brother-in-law.
After making the model work in metro cities, players in the quick commerce sector are rapidly expanding their footprint into smaller tier 2 cities and markets beyond that ahead of the festival season.
The Financial Times report citing Altavilla's court testimony stated that, "Fiat will name chief executive Sergio Marchionne, Alfredo Altavilla, its head of business development, and Lucio Noto, former vice-chairman of ExxonMobil, to the board of new Chrysler." Altavilla also said Marchionne should be named chief executive and "spend a substantial amount of time in Detroit."
The All India Tennis Association (AITA) on Tuesday suggested that the country's top player Sumit Nagal perhaps deliberately missed the Davis Cup tie against Sweden last week
Leading brokerages have revised their charges with the true-to-label norms by the Securities and Exchange Board of India (Sebi) kicking in from Tuesday.
India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in its September quarter net profit at Rs 11,909 crore. The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of Rs 12,040 crore, a company filing said.
The Bangladesh senior cricket team will arrive in Pakistan on August 13 following the political unrest at home.
Thomas Tuchel is regarded as one of the most progressive tacticians in the game, albeit a coach not afraid to ruffle feathers.
Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted. The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank. PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal, Paytm said in a regulatory filing on Monday.
The International Cricket Council (ICC) on Monday formed a three-member committee to "review the delivery" of the T20 World Cup which was co-hosted by the USA and the West Indies last month.
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
The BCCI had mandated all international players, except for seniors like Rohit Sharma, Virat Kohli and Jasprit Bumrah, to play in tournaments such as Ranji and Duleep Trophy when they are not busy with national commitments, the move highlighting the board's emphasis on the role of domestic cricket.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
'Investors with a long-term investment horizon and the risk appetite for fluctuations in property values may find SM Reits a viable option.'
'I am not against technology in the game. But if it brings doubt and confusion, it is not acceptable. Some decisions were not understandable. The ball hitting the stumps is always out. I will never understand why there is an umpire's call.'
F&O trading is a zero-sum game where one person's loss is another's gain. Only one per cent of traders gained the money lost by 93 per cent, warns Harsh Roongta.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances