Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
A lowdown on what's happening in the Tamil film industry.
It had entered the segment by pumping in over $290 million.
Italy's football authorities have ordered AC Milan to play its next game behind closed doors and fined the club 50,000 euros ($67,900) following abusive chants by supporters against southern club Napoli.
Their bid for a fourth title halted by England in the semi-finals, Brazil will seek a consolation victory when they take on Mali in the third-place play-off of the FIFA Under-17 World Cup in Kolkata on Saturday.
Top Indian shuttlers, PV Sindhu and Parupalli Kashyap advanced to the women's singles quarter-finals and men's singles pre-quarterfinals, respectively, of the $120,000 Malaysia Masters Grand Prix Gold in Kuching.
The 25-year-old Indian, who clinched the Indonesia Open and Australian Open this year, besides reaching the final of the Singapore Open, defeated Wong 21-18, 21-17 at the Odense Sports Park.
'I will need a few more pictures, sir, can I get some time from you for a more extended photo shoot?' asked Singh. Modi, ever-obliging before the camera, laughed. 'Sure, but let us plan to do it after my swearing-in is over in May!' The Balakot effect was evident. A fascinating excerpt from Rajdeep Sardesai's 2019: How Modi Won India.
Having launched the massive relief operation 'Maitri' in quake-hit Nepal, India has told the United Nations that it remains committed to partnering with the neighbouring country's rehabilitation and reconstruction.
With cruise missile and air strikes being India's most likely response to a hypothetical Pakistani terrorist outrage in the future, retaliation from the Pakistan air force is inevitable. That is where the S-400 will come into play, says Ajai Shukla.
Contributors to Team Indus project will have names etched on an object going to space.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
A summary of sports events and sports persons, who made news on Wednesday
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
'My biggest contribution is the creation of the first 'modern Indian law firm',' Cyril Shroff tells Sudipto Dey.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
Ahead of the G-20 summit in Osaka this week, Xi has reasserted China's role as a global player, points out Dr Rajaram Panda.
Codenamed Red Flag Alaska 16-1, the exercises are being conducted in the Joint Pacific Alaska Range Complex, the largest instrumented air, ground and electronic combat training range in the world at more than 65,000 square miles.
Leicester City coach Claudio Ranieri said on Tuesday that he believed at Christmas his team would win the Premier League, even as he continued to tell the media his only goal was avoiding relegation. "Now I can say it, I always knew we'd win," Ranieri told Italian daily Il Fatto Quotidiano the day after Leicester's triumph. He said he had always denied any championship ambitions until almost the end of the season because "that's the way I am made, I have always preferred doing things rather than talking about them". Asked to pinpoint when he really became convinced Leicester could win, he said: "It was at Christmas. Relegation had been avoided and we gathered together to talk in the changing rooms and we said to each other, 'Let's go for it, we've got nothing to lose'." Ranieri played down his own role in the achievement, saying that teamwork was key to the club's success and his players had no shortage of ability.
To the few uninitiated, Alessandro Del Piero, garlanded with marigold, was mistaken for a Hollywood star before football aficionados sent across the message that the biggest attraction of the inaugural Indian Super League had just landed in New Delhi.
'We have promised to ensure reduced tax rates.'
Top-ranked India were held to a 1-1 draw by the brisk-moving South Koreans in the round-robin league encounter of the fourth Asian Champions Trophy hockey, in Kuantan, Malaysia, on Saturday.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
'And when Sarla said she preferred Europe to living in India, my wife's indignation knew no bounds.'
The Air Chief Marshal, who is set to retire on December 31, also rued that the tender for the much needed "force multiplier" mid air refuellers had to be withdrawn. He said a fresh tender is in the offing and the procurement will be speeded up.
The External Affairs Ministry on Thursday discarded the article titled 'India's embarrassing North Korean connection' by Nilanjana Bhowmick in Al Jazeera, a Doha-based broadcaster, saying the insinuation regarding New Delhi's assistance to North Korea in United Nations proscribed activities is 'baseless and without any merit.'
Running a SIP plan for more than six years almost completely eliminates the chances of earning negative returns.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
The CAG said the strategic missile system, which were to be deployed on the China border, procured from the state-run Bharat Electronics Ltd were deficient in quality.
Ssanyong has invested 700 billion won since its M&A (with Mahindra) and would put one trillion won ($920 million) in next three years.
Women pilots will soon fly fighter jets of the Indian Air Force, Air Chief Marshal Arup Raha said on Thursday.
A brace from Dudu Omagbemi helped FC Pune City sink Mumbai City in the Indian Super League encounter on Wednesday.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
