Capital markets regulator Sebi on Tuesday decided to gradually phase out buyback of shares by companies through the stock exchange route to address the drawbacks associated with the existing mechanism. Sebi chairperson Madhabi Puri Buch said the regulator has chosen the tender offer route for share buyback as the present mode is vulnerable to favouritism. "This is a glide path and will lead to the phasing out of the present buyback mode (through stock exchange route)," she told reporters after its board meeting in Mumbai.
'The calm after the storm... Better days are coming'.
Equity benchmark Sensex gained 37 points on Thursday, tracking gains in index majors Kotak Bank, L&T and Bharti Airtel amid a largely negative trend in global markets. After a largely choppy session, the 30-share BSE index ended 37.87 points or 0.06 per cent higher at 60,298 after starting the trade on a weak note. During the day, it hit a high of 60,341.41 and a low of 59,946.44.
Sukanya Verma shows you everything you can expect from the Rohit Shetty brand of film-making.
West Bengal Congress spokesperson Kaustav Bagchi was granted bail by a court in Kolkata on Saturday evening, hours after being arrested for his alleged comments against Chief Minister Mamata Banerjee.
Bhumi's hot new look... Ananya, Vijay and Liger... Rakul's message...
Violence had rocked West Bengal's rural polls on Saturday, leaving 15 people dead while ballot boxes were vandalised, ballot papers torched, and bombs thrown at rivals in several places.
Madhuri has a cuppa... Shamita prefers wine...
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
The impact of the explosion "was so massive" that the factory, which was being run from a residential building, collapsed, the police said.
In the question paper, issued in an exercise book of a Bengali-medium school for Madhyamik aspirants, the paper setter has asked them to identify several places on the map (Pakistan-occupied Kashmir (referred to as 'Azad Kashmir' in Pakistan), the place where Gandhiji had first undertaken the Satyagraha movement, and the Chittagong battleground.
Varun Dhawan cancelled his promotional activities for JugJugg Jeeyo for a few days to be with his father.
