In efforts to bolster corporate governance among listed companies, Sebi on Tuesday approved various amendments to rules governing the appointment, re-appointment and removal of independent directors, including the requirement to disclose resignation letters of such individuals. There will be a one-year cooling period for an independent director transitioning to a whole-time director in the same company/ holding/ subsidiary/ associate company or any company belonging to the promoter group. As part of the review of regulatory provisions related to independent directors, the Sebi board has cleared amendments to Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015.
'The IOA has no jurisdiction over the conduct of elections for NSFs, yet this order has been issued in a manner that clearly questions its intent.'
Almost five years later, the three services have still not fully understood that joint/theatre commands are not a discussion point; they are the prime minister's diktat on a military reform measure that is in line with what armed forces around the world have implemented, points out Ajai Shukla.
The 24th CPI(M) Party Congress commenced in Madurai, Tamil Nadu, with interim coordinator Prakash Karat emphasizing the need for Left unity to combat "Hindutva neo-fascism." He criticized the BJP-RSS government, accusing it of representing a "Hindutva-corporate nexus" and displaying "neo-fascist characteristics." Other Left leaders, including CPI general secretary D Raja and CPI(ML) Liberation general secretary Dipankar Bhattacharya, echoed calls for unity and condemned the current political climate in India.
The ICC on Wednesday deferred a decision on the planned scrapping of the rotational system of presidency but asked next-in-line Pakistan and Bangladesh not to nominate a candidate till a review of its governance structure before the next Executive Board meeting in October.
Uttarakhand Chief Minister Pushkar Singh Dhami has announced that the state will become the first in independent India to implement the Uniform Civil Code (UCC), with the date of implementation to be announced soon. The UCC, which aims to unify personal laws for all citizens, has been approved by the state cabinet and preparations for its implementation are almost complete. Dhami stated that the training process for UCC implementation is nearly finalized and the government is aiming for a swift rollout. Speculation is rife that the UCC could be implemented on Republic Day, coinciding with the conclusion of municipal elections. The UCC includes provisions related to marriage, divorce, annulment of marriage, succession, and live-in relationships. The state government has introduced a dedicated portal for online registration of related matters and has authorized Common Service Centers (CSC) to simplify access for citizens. In remote areas, CSC agents will provide door-to-door services. The Gram Panchayat Development Officer will serve as the Sub-Registrar for registration work in rural areas. The government has also implemented Aadhaar-based registration to make the process easier. Citizens can track their application status through email and SMS, and an online complaint portal has been set up. Dhami dismissed Congress allegations of divisive politics, emphasizing that the UCC provides a uniform system and law for all.
India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
Misri is also likely to brief the parliamentary panel on the recent upswing in India's ties with China following the agreement to resume patrolling at friction points along the Line of Actual Control in eastern Ladakh.
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.
New Zealand's women's team said their training session on Monday had been disrupted by a drone flown by a staff member of their opening Group A opponents Canada.
Freedom At Midnight is a bold attempt to revisit the whole discourse about Partition, its causes, and the predicament under which the Congress leaders accepted it. It perfectly captures the extremely confused and complicated situation to which it seemed the only viable solution, observes Utkarsh Mishra.
'A possible post-election growth momentum may be lost.'
The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
The government has proposed "drastic changes" in the rules framed to retune the composition of three committees of the RBI: Board for Financial Supervision, the Board for Payment and Settlement Systems and the Committee of the Central Board.
'We have not had one discussion on the border incursions or the subsequent report of the building of Chinese villages on Indian territory in Arunachal Pradesh.'
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
'The Election Commission cannot be regulated by the government.'
The Race website reported that NASCAR's Trackhouse Racing team -- co-owned by rapper Pitbull -- was expected to take over the grid spots for next year using Aprilia's bikes and personnel.
India's tactical and operational response demonstrated its ability to prosecute tri-service operations, even without a formal tri-service doctrine or the higher command structure needed to coordinate it, points out Ajai Shukla.
The Bharatiya Janata Party on Tuesday named its candidates for assembly bypolls in several states, fielding six disqualified MLAs of the Himachal Pradesh assembly in the state days after they joined the party after leaving the Congress.
James was suspended on July 28 after the ministry launched a probe into the alleged irregularities in appointments and recruitment of faculty and compliance to reservation rosters during his tenure.
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
The bill to amend the law governing Waqf boards proposes far-reaching changes in the Wakf Act, 1995, including ensuring the representation of Muslim women and non-Muslims in such bodies.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
Lawyers have pointed out that the new laws increase police powers by extending the maximum limit of police custody from 15 days to 60 days or 90 days.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Dr Samir Shah, who was honoured with a CBE by Queen Elizabeth II in 2019 for services to television and heritage, will replace Richard Sharp, who had been forced to resign after his communication with former prime minister Boris Johnson came under scrutiny.
Rauf's central contract may be 'restored'
The ICC termed the recent spot-fixing allegations involving Pakistani players as a "warning" and said it will recommend a wide-ranging and, if necessary, independent review of the current anti-corruption measures to maintain the integrity of the sport.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
MPs and MLAs taking bribes to vote or make a speech in the house are not immune from prosecution, the Supreme Court said on Monday in a landmark, unanimous verdict that overrules its 1998 judgment protecting such lawmakers.
A rare 18th century decorated gun made in India for Mysore ruler Tipu Sultan, and valued at around GBP 2 million, has been barred from export to allow time for a UK-based institution to acquire it for the public study of a "fraught period" in India-UK history.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman
Manmohan Singh and Musharraf felt that what they were embarking upon, if successful, could lead to a future of boundless potential for the two countries and for the relationship that was hard to foresee from the prism of the existing situation and the historical position and orthodox ideas on both sides.
The ICC Chief Executives' Committee has decided that the Woolf report, which proposed changes in the governance structure of the world body, and rejected by the BCCI, requires detailed study by Member Boards first before any discussion on it.
In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
