Sebi also ordered freezing the voting rights and corporate benefits of promoters of these companies.
'We take allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form'
Former India Test batsman Praveen Amre and ex-Karnataka left-arm spinner Raghuram Bhat have been found to be in Conflict of Interest by the Board of Control for Cricket in India's Ombudsman. However, former India skipper Dilip Vengsarkar was cleared of a similar charge.
Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.
A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
'The CBI should be bifurcated and the CBI's charter should be restricted to anti-corruption cases.'
'The investigation of major criminal cases having national and international implications, and national crimes spread over more than one state may be entrusted to a new national crime bureau,' recommends Dr Madhav Godbole, the former home secretary.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
'Whatever the reforms the Supreme Court has approved for BCCI, it won't be possible to implement it all.'
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
The information and broadcasting ministry's business-like and result-oriented handling of several issues has set a template for other ministries to follow, says A K Bhattacharya.
News of all that transpired on and off the football field.
The Gurugram Police detained and questioned Harpal Singh, a gardener at the Ryan International School.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
India's salvation lies in job creation by entrepreneurs, say Manish Sabharwal and Ashok Reddy.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
FIFA named an African woman with no experience in football administration as its second most powerful official on Friday, part of changes made by the sport's ruling body to move on from a major corruption scandal.
US Secretary of State Antony Blinken was asked by US Congressmen if the US had explore the possibility of northwest India for counter terrorism capabilities in Afghanistan. Blinken's remarks on India assume great importance, observes Ambassador M K Bhadrakumar
Indian cricket, it seems, pays overwhelming obeisance to a vapid, old adage: The more it changes, the more it remains the same.
Corporate affairs ministry sending notices seeking details of fund disbursal
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
The Covid pandemic has left a question mark on how the central government manages its staff.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.
Seven months down the line, not much progress has been made, except that the scheme is still being fine-tuned.
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
Former Team Director Ravi Shastri will be the front-runner for the Head Coach's job of the Indian men's cricket team when the three-member Cricket Advisory Committee (CAC) meets in Mumbai on Monday to scrutinize candidates for the high-profile vacancy.
Sports Minister Rajyavardhan Singh Rathore has promised "surgical" precision in distribution of funds to athletes preparing for the 2020 Olympic Games, asserting that centralisation of the process has made bureaucratic hurdles a thing of past.
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
'Our preparation is based on ICMR projections, whatever preparations we have to make.' 'If they project around 70,000 is the maximum number of hospital cases by mid-May or May 30, we are preparing accordingly -- how many people will need hospitalisation.'
The Board of Control for Cricket in India on Tuesday denied reports that Ravi Shastri has been appointed coach of the Indian cricket team, saying that the Cricket Advisory Committee (CAC) is still deliberating on the matter.
Whether the Udta Punjab makers cave in remains to be seen but here's a list of the ones who did.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
Though many students attended school, with letters of consent from their parents, some chose to continue education online with their guardians anxious about the pandemic situation and the emergence of a new strain of the novel coronavirus.
Top Indian and foreign players for one-off women's T20
There is no substitute for hard work. I think the smartest people in life don't get ahead. It's the hard working people who do, says Rishad.
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