The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
'Clients deemed higher-risk are required to update their KYC more frequently.'
The apex court said 'we are not straightaway arriving at any conclusion' as there were 'very strong views' on both sides. It said it will also see if there was any error in previous judgements which dealt with the issue and decide whether it can be referred to a larger or a five-judge constitution bench.
In order to formulate a Uniform Civil Code, the Law Commission has sent out of list of 16 questions to gauge public opinion,
The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's chairman and managing director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
A number of persons fainted after experiencing 'burning sensation' in their throat and chest. Many people who were asleep woke up in panic and scurried out of their homes and alerted neighbours and all of them soon reached the main roads unsure of what to do.
"It (mosque) should be built where it is required....It is not required in Ayodhya where people are already worshipping...," the seer told NDTV 24X7.
'The government used to give subsidy to reduce loss of Air India'
An FIR was registered in Bareilly against former UP Shia Waqf Board chairman Waseem Rizvi for hurting the religious sentiments of Muslims with his petition in the Supreme Court seeking the removal of some verses of the Quran.
The Securities and Exchange Board of India (Sebi) has proposed new regulations to deal with suspicious trading activities-a move that will empower the market watchdog to go after entities making unusual profits without any fundamental basis. The regulator has issued a discussion paper, inviting feedback on the draft of the Sebi (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023, which are aimed at curbing front-running, use of mule accounts, pump and dump schemes, and misuse of social media influencers. Currently, Sebi's Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) and Prohibition of Insider Trading (PIT) Regulations deal with such activities.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
'If taxpayers have not filed a belated ITR, they will be allowed to file an updated ITR from April 1, 2024.'
The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law. Now, Micro, Small and Medium Enterprises (MSMEs) can seek resolution for their stress through the pre-packaged process under the Insolvency and Bankruptcy Code (IBC). An ordinance was promulgated to amend the IBC on April 4. Many MSMEs have been impacted by the coronavirus pandemic and experts opined that the latest amendment, which comes less than two weeks after the suspension of certain IBC provisions ended, is a welcome move.
A five-judge Constitution bench headed by Chief Justice J Khehar will commence hearing on seven petitions
Leaders from 26 opposition parties, in power individually or in alliance in Delhi and 10 states, are meeting in Bengaluru to discuss strategy to take on the Narendra Modi-led NDA in the 2024 Lok Sabha polls.
Byju Raveendran, the founder and chief executive officer of the beleaguered edtech firm Byju's, said the company credited all pending January salaries to employees over the past few days. This was communicated to the employees in another letter sent on February 4. Byju's has about 15,000 employees. "I know you were told that you would get your salaries by Monday.
Among other things, the company is considering monetising the Global Village tech park located off Mysore Road in Bengaluru, for which private equity major Blackstone was said to have shown interest.
Chaudhary not only killed his senior but also three others of a 'particular community' by making them specific targets, the court said.
The Supreme Court on Thursday fixed May 11 for commencement of hearing on pleas challenging the validity of triple talaq, 'nikah halala' and polygamy practices among Muslims.
Karnataka Chief Minister Basavaraj Bommai on Sunday said action will be taken in accordance with law, as he hit out at Congress leaders for going ahead with padayatra (march), demanding implementation of the Mekedatu project across the Cauvery river, by violating government's COVID-19 restrictions.
"Over a dozen Islamic countries such as Pakistan, Tunisia, Morocco, Iran and Egypt have regulated triple talaq. If Islamic countries can regulate the practice by enacting law, and it has not been found against sharia, then how can it be wrong in India, which is a secular country?" Prasad said.
South Indian Bank is likely to name a new managing director (MD) and chief executive officer (CEO) by May end, said the Thrissur-based lender on Wednesday. The bank's shares dipped some 14 per cent at one point after MD and CEO Murali Ramakrishnan said he will not apply for an extension when his tenure ends on September 30, citing personal reasons. The bank's board on Tuesday considered Ramakrishnan's request for not intending to continue on his post and appointed a search committee for his replacement.
The Allahabad high court will hear Wednesday a plea against the acquittal of all 32 accused, including Bharatiya Janata Party veterans L K Advani and Murli Manohar Joshi, in the Babri mosque demolition case.
'The Centre has brought an ordinance on triple talaq. Its duration is of six months. If it is made into a law, then we will challenge this in the Supreme Court.'
With the Uttar Pradesh government set to conduct a survey of private madrassas, proprietors of the theological schools fear that their institutions may be declared illegal and 'run over by bulldozers'.
A 62-year old Black male, initially identified as a 'Person of Interest' by the New York Police Department in the Brooklyn subway shooting, has now been named suspect in the attack that left 23 people injured, including 10 who were hit when he fired at least 33 shots with a nine mm handgun.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
Qatar has released eight jailed former Indian Navy personnel and seven of them returned home early Monday, 46 days after their death sentences handed last October were commuted to jail terms of varying duration.
Her statement also mentioned that the accused had a "blood clot" in the brain and was taking medicines for the same.
Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.
However, he said that while he recommended Yoga for good health, he failed to understand why it was being made a 'religio-political' issue.
Do you agree with the minorities' viewpoint that that the government is enforcing 'Hindu practices' on them forcefully?
'Why is the government in such a hurry?' 'The answer is the December assembly elections and the 2019 general election.'
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
The Securities and Exchange Board of India (Sebi) on Tuesday imposed a penalty of Rs 26 crore on Coffee Day Enterprises (CDEL) for alleged violation of securities laws. The regulator also directed the company to initiate steps to recover dues of Rs 3,535 crore-the amount diverted from seven subsidiaries of CDEL to Mysore Amalgamated Coffee Estates (MACEL). Affirming the violations of the Sebi (Prevention of Fraudulent and Unfair Trade Practices) Regulations and Sebi (Listing Obligations and Disclosure Requirements) Regulations, whole-time member Ashwani Bhatia said the listed company was being run like a personal fiefdom with no checks and balances in place.
'If someone were to ask you if you want to die tomorrow, no matter what problems you are grappling with, you would be hesitant, right?'
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