News for 'Rules Board'

Hong Kong pips India, becomes fourth-largest market

Hong Kong pips India, becomes fourth-largest market

Rediff.com2 Apr 2024

Hong Kong has regained its spot as the world's fourth-largest market following a broad market rout in Indian equities. Currently, the Chinese territory's market capitalisation stands at $4.9 trillion versus India's $4.75 trillion, according to data compiled by Bloomberg. In January, the domestic equity markets' market capitalisation had surpassed that of Hong Kong following a spectacular rally in the small- and midcap stocks.

Markets crash: Pollster Pradeep Gupta 'open to probe'

Markets crash: Pollster Pradeep Gupta 'open to probe'

Rediff.com22 Jun 2024

Facing opposition fire for exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters.

Fundraising via SME IPOs touches new high in FY24

Fundraising via SME IPOs touches new high in FY24

Rediff.com2 Apr 2024

The initial public offerings (IPOs) by small and medium enterprises (SMEs) hit a new high in 2023-2024 (FY24). In this financial year, data from the Prime Database showed that 190 companies raised Rs 5,579 crore through the SME IPO route. This financial year's tally bettered the fundraising in the previous financial year when 125 companies raised Rs 2,235 crore.

In a first, Sebi mulls rules for fractional ownership in real estate

In a first, Sebi mulls rules for fractional ownership in real estate

Rediff.com22 May 2023

The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.

Why RJD Won Only 4 Seats!

Why RJD Won Only 4 Seats!

Rediff.com10 Jun 2024

The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.

Cricket approved for LA 2028 Olympics!

Cricket approved for LA 2028 Olympics!

Rediff.com13 Oct 2023

Five sports, including cricket and flag football, proposed for inclusion at the Los Angeles 2028 Olympics were approved by the International Olympic Committee executive board on Friday.

Comexes comply with new FMC rules, rejig board composition

Comexes comply with new FMC rules, rejig board composition

Rediff.com25 Oct 2013

Commodity exchanges are all restructuring their boards of directors, after the recently issued guidelines of the Forward Markets Commission.

Bound For Managua, They Land In Mumbai

Bound For Managua, They Land In Mumbai

Rediff.com26 Dec 2023

The Nicaragua bound charter Legend Airlines Airbus A340 flight, that was grounded at Vatry airport in France for four days on suspicion of human trafficking, arrived in Mumbai on Tuesday, December 26, 2023.

Varanasi court allows Hindus to pray in Gyanvapi mosque cellar

Varanasi court allows Hindus to pray in Gyanvapi mosque cellar

Rediff.com31 Jan 2024

In a major victory for the Hindu side, a Varanasi court on Wednesday allowed Hindu devotees to offer prayers inside the 'Vyas ka Tekhana' area inside the Gyanvapi mosque complex.

Amid Annamalai buzz, DMK, AIADMK fight hard

Amid Annamalai buzz, DMK, AIADMK fight hard

Rediff.com17 Apr 2024

BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.

Farooq counters Amit Shah's charges with achievements during NC rule in J-K

Farooq counters Amit Shah's charges with achievements during NC rule in J-K

Rediff.com7 Oct 2022

Abdullah issued a white paper on development undertaken in Jammu and Kashmir during the rule of "Abdullah and Sons" -- as Shah referred the family in his speech at a rally in Baramulla district -- to counter the allegations of corruption.

ED files money-laundering case against Kerala CM's daughter

ED files money-laundering case against Kerala CM's daughter

Rediff.com27 Mar 2024

The Enforcement Directorate (ED) has filed a money-laundering case against Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan and her IT firm for receiving 'illegal payments' from a Kochi-based private firm, official sources said on Wednesday.

ICC suspends Sri Lanka Cricket for government interference

ICC suspends Sri Lanka Cricket for government interference

Rediff.com10 Nov 2023

"International Cricket Council Board has suspended Sri Lanka Cricket's membership of the ICC with immediate effect," read a statement from the ICC.

Changing complexion: Adani stocks now have prominent investor base

Changing complexion: Adani stocks now have prominent investor base

Rediff.com24 Apr 2024

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.

Tribunal quashes Sebi's order against Mukesh Ambani

Tribunal quashes Sebi's order against Mukesh Ambani

Rediff.com4 Dec 2023

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.

Ground floor of Lord Ram temple ready, other floors by yearend

Ground floor of Lord Ram temple ready, other floors by yearend

Rediff.com4 Jan 2024

The construction of the three-storeyed Ram temple in Ayodhya will be completed by December this year, temple construction committee chairperson Nripendra Misra said on Thursday. The sprawling temple complex will also have other structures.

Court Verdict Reopens Question On Hindu Identity

Court Verdict Reopens Question On Hindu Identity

Rediff.com13 Feb 2024

What should be made out of the Madras high court order involving non-Hindus' entry into Hindu temples, when many non-Hindus are among the hundreds of thousands that have been worshipping at these temples for generations, asks N Sathiya Moorthy.

How RBI's tough rules impact audit companies

How RBI's tough rules impact audit companies

Rediff.com2 Jun 2021

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.

Rules amended, babus can now retain gifts from foreign dignitaries

Rules amended, babus can now retain gifts from foreign dignitaries

Rediff.com21 Sep 2021

The Centre has amended an over-50-year-old rule to allow IAS, IPS and IFoS officers to retain gifts received from foreign dignitaries while being members of the Indian delegation, according to an official order.

BCCI invites application for one selector: Who will be replaced?

BCCI invites application for one selector: Who will be replaced?

Rediff.com15 Jan 2024

The BCCI on Monday invited applications to replace one among the five senior national selectors and in all likelihood, former pacer Salil Ankola would be the one on his way out as West Zone is already represented by chairman Ajit Agarkar.

Shakib Al Hasan diagnosed with retinal condition

Shakib Al Hasan diagnosed with retinal condition

Rediff.com24 Jan 2024

Bangladesh Cricket Board (BCB) on Wednesday confirmed that ODI skipper Shakib Al Hasan has been diagnosed with a retinal condition in his left eye.

No water to Tamil Nadu, facing worst draught in 40 yrs: Shivakumar

No water to Tamil Nadu, facing worst draught in 40 yrs: Shivakumar

Rediff.com11 Mar 2024

Amid criticism and protests against the government over allegations that Cauvery water was being released from Krishnaraja Sagar (KRS) dam to Tamil Nadu, he clarified that the discharge was meant for Bengaluru, and not for the neighbouring state.

'Taxing Billionaires Is Not A Bad Idea'

'Taxing Billionaires Is Not A Bad Idea'

Rediff.com15 May 2024

'If we want real democracy, the economy itself will need to be democratised.'

Pistorius eligible for parole over miscalculation in sentence duration

Pistorius eligible for parole over miscalculation in sentence duration

Rediff.com22 Sep 2023

The documents submitted to the Constitutional Court clarify the error, with authorities now acknowledging that Pistorius had completed half his sentence by March 21. These documents were presented on behalf of South Africa's minister of justice, the commissioner of the corrections department, and parole and prison authorities by a senior parole board official.

AAP 'passed on' bribe money as poll funds: ED chargesheet

AAP 'passed on' bribe money as poll funds: ED chargesheet

Rediff.com30 Mar 2024

The Enforcement Directorate (ED) has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board (DJB), official sources said on Saturday.

Superseding boards of two Srei cos won't roil markets

Superseding boards of two Srei cos won't roil markets

Rediff.com13 Oct 2021

Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.

1 Nation 1 Poll: What's Modi's Thinking?

1 Nation 1 Poll: What's Modi's Thinking?

Rediff.com25 Mar 2024

Deriving from Narendra Modi's continuing charisma, the proposed scheme, if and when implemented, can cut both ways. That is to say, if Modi can win, he can lose. Or, someone else in his place, later on, could lose as much as he could win in his time, points out N Sathiya Moorthy.

Ranatunga rips into ICC, ACC for bias towards India

Ranatunga rips into ICC, ACC for bias towards India

Rediff.com15 Sep 2023

'I won't be surprised if they change the rule before the India-Pakistan game (in World Cup). ICC will keep their mouth shut and say 'OK, do it'. ICC just talks rubbish, nothing happens.'

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

Sikh who sheltered Khalistanis in India allowed into Canada: Report

Sikh who sheltered Khalistanis in India allowed into Canada: Report

Rediff.com11 Oct 2023

The immigration tribunal ruled that the Sikh man who "housed and fed" armed Khalistani militants in India over a decade should be allowed into Canada because he did so "mostly out of necessity" and fear of retribution, the paper said.

India Tops On Crypto Adoption

India Tops On Crypto Adoption

Rediff.com23 Dec 2023

'India's emergence as a top crypto market comes despite a regulatory and tax environment that can be challenging for the industry to navigate.'

Lack of domestic capital a hurdle for startups: Infosys co-founder Murthy

Lack of domestic capital a hurdle for startups: Infosys co-founder Murthy

Rediff.com19 Jan 2024

The availability of domestic capital to fund startups and an ability to attract talent in the early days are among the biggest challenges faced by entrepreneurs, Infosys co-founder N R Narayana Murthy said on Thursday. "It is desirable to create a policy that makes it attractive for domestic institutions like family offices of HNIs (high net-worth individuals), insurance companies or large corporations to invest in venture capital funding," he said at the T N Chaturvedi Memorial Lecture 2024 in New Delhi's Prime Ministers' Museum and Library.

Blow for Bangladesh! Litton Das out of Asia Cup...

Blow for Bangladesh! Litton Das out of Asia Cup...

Rediff.com30 Aug 2023

Litton Das was ruled out of the tournament because of viral fever.

Will Naseem Shah miss the World Cup?

Will Naseem Shah miss the World Cup?

Rediff.com16 Sep 2023

Naseem Shah's recent shoulder injury has cast doubts over his participation

Sebi amends delisting rules to make M&A more convenient

Sebi amends delisting rules to make M&A more convenient

Rediff.com7 Dec 2021

Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient. Under the new framework, promoters or acquirers need to disclose their intention to delist the firm through an initial public announcement, according to a notification. If the acquirer is desirous of delisting the target company, the acquirer must propose a higher price for delisting with suitable premium over open offer price. In case the open offer is for an indirect acquisition, the open offer price and indicative price will be notified by the acquirer at the time of making the detailed public statement and in the letter of offer.

Pistorius released 11 years after murdering girlfriend

Pistorius released 11 years after murdering girlfriend

Rediff.com5 Jan 2024

South African former Paralympic star Oscar Pistorius is set to be released on parole on Friday, nearly 11 years after murdering his girlfriend Reeva Steenkamp in a crime that shocked a nation long inured to violence against women.

AIIMS rules out murder in Sushant death case

AIIMS rules out murder in Sushant death case

Rediff.com3 Oct 2020

"There were no injuries over the body other than hanging. There were no marks of struggle/scuffle in the body and clothes of the deceased," said Dr Gupta who is chairman of the AIIMS Forensic Medical Board comprising seven doctors.

TMC leaders end 24-hr dharna at Delhi police station

TMC leaders end 24-hr dharna at Delhi police station

Rediff.com9 Apr 2024

Raising slogans against the Bharatiya Janata Party, Trinamool Congress (TMC) leaders ended their 24-hour protest at the Mandir Marg police station in New Delhi on Tuesday evening, a day after they were detained while staging a dharna outside the Election Commission's office.

'Online dating is so much work'

'Online dating is so much work'

Rediff.com11 Mar 2024

She's a popular, cute-looking vlogger who's written a book about breakups. But what does Shenaz Treasury think about romance? The modern version of right swipe-left swipe love? And a world in which the rule of ishq have changed?

SEBI Sees Sharp Rise In Complaints, Here's Why

SEBI Sees Sharp Rise In Complaints, Here's Why

Rediff.com11 Mar 2024

As many as 5,532 complaints were received by the regulator in January, an 80 per cent increase over the number of complaints filed in the previous month.