The Securities and Exchange Board of India (Sebi) is mulling doing away with the priority distribution (PD) model in Alternative Investment Funds (AIFs) and introducing in the regulation pro-rata rights (based on the ratio of their commitments) for investors. AIFs are pooled investment vehicles but certain schemes have been observed to be following a differential distribution model where one class of investors, often a junior class, share loss more than the ratio of their contributions in comparison to the senior class of investors. As the senior class of investors have priority in distribution over the junior class of investors, the profit distribution is done first to these investors while they are compensated for loss out of the residual capital of junior class investors.
India 'A' completed a convincing six-wicket win over West Indies 'A' on the fourth and final day of the first unofficial Test, in North Sound, Antigua, on Saturday.
The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said.
Delhi High Court clears Indian judoka Jasleen to compete at CWG
While Ishan Kishan has done well so far, Ruturaj Gaikwad (23, 1) has pulled the team down with questions being raised over his technique against quality pacers and his ability to force the pace early on.
Joe Root was presented with a silver bat to commemorate his 10,000 runs in the longest format.
The Reserve Bank of India on Monday gave banks time till end of December 2023 to complete renewal of agreements for the existing safe deposit lockers of customers. Banks were earlier required to complete the process by January 01, 2023. The central bank has asked them to complete work in phases with intermediate milestones of 50 per cent by June 30, and 75 per cent by September 30.
Poor turnout for the third and final ODI in Thiruvananthapuram, on Sunday raised serious questions about the relevance of the 50-over format
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
CA and Venues New South Wales are working together to ensure the safety of patrons attending the Pink Test on January 7
Credit card spending has crossed Rs 1.13 lakh crore in May compared to Rs 1.05 lakh crore in the previous month according to official data. The month-on-month rise in spending through cards indicates a pick-up in economic activity. The latest data from the Reserve Bank of India (RBI) showed that 7.68 crore credit card holders spent about Rs 71,429 crore for buying online, while the amount was spent through swipes at Point of Sale (PoS) machines stood at Rs 42,266 crore in May.
CWG-bound sprinter Dhanalakshmi and triple jumper Aishwarya Babu fail dope test
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
The ICC World Test Championship final between India and New Zealand in Southampton will be held in the presence of 4000 spectators, Hampshire County Club head Rod Bransgrove said.
Despite giving an assurance of a peaceful demonstration, the protesters used sharp-edged weapons, the police said.
"Chris Gayle has always done well over the years. It is great to have him in the squad. He always brings a lot to the team. His presence is always felt when he steps in any cricket field. We are happy to have him in the dressing room," Holder said in a pre-match conference.
Back in the Press Briefing room on being commended for her questions to President Biden and the Indian prime minister, The Wall Street Journal's Sabrina Siddiqui responded, "You gotta do it."
Modi said what is the meaning of its guarantees when that party's warranty itself has expired.
A selection of musings from around the cricket World Cup
The travel ban will come into effect from 11.59 pm on Saturday, April 24, and is subject to review after 10 days.
Another failure to win an ICC tournament will put Virat Kohli's leadership future in doubt. When BCCI president Sourav Ganguly and secretary Jay Shah hold a virtual meet with the national selectors in a couple of days' time, the leadership issue will be discussed.
'What an incredible opportunity to bring back one of the greatest actors of Indian cinema on the big screen.'
West Indies captain Jason Holder demanded discipline from his bowlers in the remaining four ODIs of the five-match series against India, saying picking up wickets upfront would be crucial.
Shubman Gill's sizzling ton in Qualifier 2 is an innings that will be remembered for years to come, said the legendary Sunil Gavaskar.
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won't upset profits much in the long run. HDFC AMC has gained over 12 per cent in the last four sessions, while Nippon AMC and UTI AMC are up around 5 per cent. Aditya Birla Sun Life (ABSL), the only other listed AMCs, has risen more than 2.3 per cent in the last four sessions.
Not just unclaimed bank deposits, there are thousands of crores of rupees locked in unclaimed shares and insurance policies lying with many institutions across India.
As large-scale layoffs begin at Facebook's parent company Meta, employees on work visas such as H-1Bs are now faced with uncertainty over their immigration status, with CEO Mark Zuckerberg acknowledging "this is especially difficult if you're here on a visa" and offering support to those impacted. Meta announced that it is laying off 11,000 employees or 13 per cent of its workforce, with Zuckerberg describing it as "some of the most difficult changes we've made in Meta's history." US-based technology companies hire a large amount of H-1B workers, the majority of whom come from countries such as India.
India pacer Prasidh has been laid low by a lumbar stress fracture that will require the Rajasthan Royals bowling spearhead to go under the knife.
The guidelines come in the wake of back-to-back two urination incidents on Air India flights last year.
In yet another immigration-friendly move that would benefit thousands of Indian-American women, the Biden administration has agreed to provide automatic work authorisation permits to the spouses of H-1B visa holders, most of whom are Indian IT professionals.
India thumped West Indies by 10 wickets inside three days to complete a 2-0 series sweep on Sunday after Umesh Yadav's stellar bowling effort set up their comprehensive victory in the and second and final Test.
The West Indies selection panel on Wednesday included Sunil Ambris in place of Smith, who had scored two fifties in the nine innings that he played on his comeback for the Sri Lanka Tests following a gap of three years.
'Even if you relieve captaincy but you are at your best, this is what we want'
In the middle-order, Shreyas will replace Kohli, who was given a much-needed break ahead of his landmark 100th Test.
The time is ripe to extend the confrontation with the Chinese to the maritime domain, says former RA&W officer Krishan Varma.
Anahat Singh seals berth for World Junior Squash C'ship after topping selection trials
The Supreme Court on Monday said it will organise its first 'hackathon' event to identify innovative ideas and explore practical propositions for refining and bringing in efficiency in the existing process from 'filing to listing' of judicial matters.
KL Rahul, Virat Kohli's collaborator in a century stand, made 62 but the India captain completed a clinical chase,
The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi high court order dated December 12, 2018, which prohibits online sales of medicines without a licence.
