News for 'Public Investment Board'

Time to make tax-saving investments

Time to make tax-saving investments

Rediff.com28 Dec 2020

Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.

Want to invest in Corporate FDs? Read this

Want to invest in Corporate FDs? Read this

Rediff.com5 Nov 2020

When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.

Paytm listing fiasco: Sebi may quiz investment bankers

Paytm listing fiasco: Sebi may quiz investment bankers

Rediff.com27 Nov 2021

Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.

India, US, 12 other IPEF members ink pact

India, US, 12 other IPEF members ink pact

Rediff.com15 Nov 2023

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.

Getting Married? Plan Finances First!

Getting Married? Plan Finances First!

Rediff.com23 Oct 2023

For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Rediff.com9 Jan 2024

Noida was conceived in the 1970s and went on to transform the Western UP's landscape for good. Akin to the New Okhla Industrial Development Authority (Noida), the Yogi Adityanath government has instituted the Bundelkhand Industrial Development Authority (BIDA) with its epicentre in Jhansi.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

Sebi's new disclosure rule escalates rift at Bengaluru-based TD Power

Sebi's new disclosure rule escalates rift at Bengaluru-based TD Power

Rediff.com21 Aug 2023

A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.

Private equity dealings at listed firms to face shareholders' test

Private equity dealings at listed firms to face shareholders' test

Rediff.com23 Jul 2023

The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.

Market structure to face shorter IPO timeline test: Industry players

Market structure to face shorter IPO timeline test: Industry players

Rediff.com18 Aug 2023

The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.

EPFO may now get to invest in cash-starved infra sector

EPFO may now get to invest in cash-starved infra sector

Rediff.com10 Nov 2020

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.

Cryptocurrencies: 'Invest for long-term'

Cryptocurrencies: 'Invest for long-term'

Rediff.com3 Jun 2021

'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Rediff.com25 Sep 2023

Entities belonging to the Burman family, the promoter of Dabur India, on Monday announced a Rs 2,116 crore open offer to shareholders of Religare Enterprises Ltd (REL) to acquire up to an additional 26 per cent stake in the company as part of its strategy to enter the financial services space. Post the open offer, the family's stake in the financial services firm is expected to increase to 51 per cent. The open offer is made to increase the family's stake and take control of REL and this will mark the entry of Burmans into the financial services space.

RBI tightens fit-and-proper criteria for directors on PSB boards

RBI tightens fit-and-proper criteria for directors on PSB boards

Rediff.com5 Aug 2019

Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Rediff.com1 Aug 2023

Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.

Stringent disclosure norms for Infra Investment Trusts

Stringent disclosure norms for Infra Investment Trusts

Rediff.com10 Aug 2014

Infrastructure Investment Trusts need to be listed on stock exchanges besides being subject to stringent disclosure norms including detailed provisions for related party transactions and valuation of assets.

Must be careful about staying films, says SC, refuses 3rd Kerala Story plea

Must be careful about staying films, says SC, refuses 3rd Kerala Story plea

Rediff.com4 May 2023

The Supreme Court on Thursday refused to entertain for a third time a petition challenging the CBFC certification granted to controversial movie The Kerala Story, saying courts must be very careful while staying exhibition of films.

As of now Mobikwik has no plans to enter banking space

As of now Mobikwik has no plans to enter banking space

Rediff.com8 Nov 2023

'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'

Congress leader moves SC for probing Hindenburg's Adani group claims

Congress leader moves SC for probing Hindenburg's Adani group claims

Rediff.com14 Feb 2023

A plea has been filed in the Supreme Court seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.

RBI caps withdrawals from Yes Bank; supersedes board

RBI caps withdrawals from Yes Bank; supersedes board

Rediff.com5 Mar 2020

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

SC to hear Congress leader's PIL for Adani probe on Friday

SC to hear Congress leader's PIL for Adani probe on Friday

Rediff.com15 Feb 2023

The Supreme Court on Wednesday agreed to hear on February 17 a fresh plea of a Congress leader seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.

Infosys board responsible for the mess

Infosys board responsible for the mess

Rediff.com19 Aug 2017

'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.

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

Rediff.com31 Jul 2023

Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firm's assets under management (AUM) from the current $1 billion to $2 billion over the next five years. "For direct investments, we are focusing on growth-stage investments and very selectively on early stage," Deepak Padaki, president, Catamaran, told Business Standard. "(This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. "There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment," he said.

What Does Ranjan Pai's Re-Entry Mean For Byju's?

What Does Ranjan Pai's Re-Entry Mean For Byju's?

Rediff.com1 Dec 2023

'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'

All Eyes On M&M-RBL Bank Saga

All Eyes On M&M-RBL Bank Saga

Rediff.com14 Sep 2023

Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.

SOP for FPI custodians on the cards to remove regulatory arbitrage

SOP for FPI custodians on the cards to remove regulatory arbitrage

Rediff.com26 Jul 2023

The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard. DDPs act as a link between the markets regulator and overseas investors. The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.

10 Indian-Americans win state, local polls in US

10 Indian-Americans win state, local polls in US

Rediff.com9 Nov 2023

At least 10 Indian-Americans, almost all of them Democrats, have won local and state level elections held in several parts of the country, reflecting the growing political empowerment of the ethnic community that constitutes a little over one percent of the United States' population.

Flipkart files application to become public, raises $700 mn

Flipkart files application to become public, raises $700 mn

Rediff.com20 Dec 2014

Flipkart is in expansion mode, needs to infuse funds in the firm.

Public banks demands remain largely unmet in Budget

Public banks demands remain largely unmet in Budget

Rediff.com1 Mar 2015

Pulbic banks have no reason to cheer Budget announcement.

FM proposes setting up of autonomous banks board bureau

FM proposes setting up of autonomous banks board bureau

Rediff.com28 Feb 2015

This issue was discussed at the Gyan Sangam addressed by Prime Minister.

NSE board okays IPO via offer for sale

NSE board okays IPO via offer for sale

Rediff.com7 Oct 2016

Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split

Sebi warns public against high returns via illegal schemes

Sebi warns public against high returns via illegal schemes

Rediff.com6 Jan 2014

In a public notice, the Securities and Exchange Board of India observed that some companies or entities are illegally mobilising funds from the public by making false promises of exorbitant rates of return under various schemes.

Banks Board Bureau to be set up in 4 months: FinMin

Banks Board Bureau to be set up in 4 months: FinMin

Rediff.com3 Mar 2015

It will be headed by Secretary, Department of Financial Services.

Sebi proposes enhanced disclosure requirements for high-risk FPIs

Sebi proposes enhanced disclosure requirements for high-risk FPIs

Rediff.com1 Jun 2023

The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.

'Govt wants to take away women's fundamental right'

'Govt wants to take away women's fundamental right'

Rediff.com3 Apr 2024

'The government wants to ban surrogacy and take away women's fundamental right to do what she wants with her body.'

Sebi slaps Rs 6-crore penalty on NSE for investing in 'unrelated' biz

Sebi slaps Rs 6-crore penalty on NSE for investing in 'unrelated' biz

Rediff.com2 Oct 2020

The NSE held 25 to 100 per cent stakes in these entities through its subsidiary NSE Investments as of September.

Investing via digital platforms easy, but options limited

Investing via digital platforms easy, but options limited

Rediff.com2 Dec 2019

Even investors with sums as low as Rs 1,000 per month can start their investment journey.

Adani-Hindenburg row: Plea in SC seeks contempt action against Sebi

Adani-Hindenburg row: Plea in SC seeks contempt action against Sebi

Rediff.com19 Nov 2023

A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on the allegations of stock price manipulation by the Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court. It said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023.

'Toll on Mumbai trans-harbour bridge should be Rs 500, not Rs 250'

'Toll on Mumbai trans-harbour bridge should be Rs 500, not Rs 250'

Rediff.com12 Jan 2024

'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'

JP Morgan's inclusion of India to emerging market debt index may boost G-secs

JP Morgan's inclusion of India to emerging market debt index may boost G-secs

Rediff.com24 Oct 2023

India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?