A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Barack Obama on Thursday named Mary Schapiro, head of the securities industry's self-regulatory body, as chair of the Securities and Exchange Commission.
After turning net buyers for the fifth straight month till June, foreign portfolio investors (FPIs) withdrew a net of Rs 11,743 crore ($1.7 billion) in July. This was their highest outflow since October 2018.
India took the first step towards legalising drones by officially publishing draft rules for drone operations in the Official Gazette on Friday. The rules, termed The Unmanned Aircraft System Rules, 2020, are open for public consultation for 30 days.
Taliban militants have publicly beheaded a man for allegedly spying for the security forces in Pakistan's northwestern tribal region.
The day-long forum held in Mumbai is being jointly organised by the Securities and Exchange Board of India and Securities Commission of Malaysia. Meanwhile, Sebi chairman C B Bhave in his inaugural address said, "Both Securities Exchange Board of India and Securities Commision, Malaysia, can promote linkage between our financial sectors, capital markets and cross-border investment participation."
Commodity market regulator Forward Markets Commission signed the MoU with China Securities Regulatory Commission. The agreement provides a framework for cooperation between the two authorities, an FMC official said.
In interview with FSA in front of Sebi, mystery man denies owning UBS account used to execute $2.5-billion unauthorised trades.
On the BSE, 1,650 shares declined and 1,188 shares rose
The bulk of of trading on stock markets is done algorithmically, by computerised clerks working at the behest of human traders.
Strict restrictions have been imposed in Kupwara town, Kralgund, Handwara, Magam and Langate areas in north Kashmir to maintain law and order.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
Witnesses said two cross-country vehicles driving from north to south ploughed into people in the market at 7:50 am local time and explosives were thrown out of the cars, one of which exploded, state-run Xinhua news agency reported.
'The person who carried out the London attack... was a fighter from the Islamic State, and did so in response to calls to target citizens of coalition countries,' the ISIS statement read.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
Among other things, the e-commerce players will have to display the total 'price' of goods and services offered for sale, mention the 'expiry date' of goods and the 'country of origin' of goods and services.
Security worries could create a tense atmosphere at the French Open this year after a bomb attack on a British concert hall killed 22 people, French tennis player Lucas Pouille said.
WHO Director-General Tedros Adhanom Ghebreyesus said international experts were now on the ground in China to understand the outbreak and inform the next steps in the global response.
As the number of cases crossed 2,56,000 with more than 7,100 fatalities, according to Union health ministry figures, and the country made a calibrated exit from the lockdown in non-containment zones, shop shutters in many malls went up for the first time since March 25 but the sprawling retail places were eerily empty.
Interception of electronic communication should also be covered in the powers being sought, the report said.
Managing expectations is a challenge for policymakers.
According to the book, 'Keenie Meenie: The British Mercenaries Who Got Away With War Crimes', authored by UK-based investigative journalist Phil Miller India's secret use of British mercenaries lasted for four months after the Indo-Lanka accord was signed between former Prime Minister Rajiv Gandhi and then Sri Lankan president Junius Jayewardene in 1987.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
Easy dollar liquidity created by the Fed has helped push global commodity prices, setting off a global inflationary spiral and rising inflation expectations in the US.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
In October last year, market regulator Securities and Exchange Board of India had approved life insurance companies to issue IPOs.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
'USCIS has been making arbitrary rules for over eight years, it's our top priority to set things right.'
Autorickshaw drivers and families from Kalyan reveal how the lockdown has rendered them jobless and deprived them of bare necessities.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
Statesmanship requires that the prime minister himself reaches out to those amassed at the Singhu and Ghazipur borders. Modi should be able to win over this domestic front with sheer compassion, observes Virendra Kapoor.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce