Micro-cap stocks are in the line of fire as market regulator Securities and Exchange Board of India (Sebi) is tightening its noose around investment in small-cap stocks. Given this, analysts suggest investors exit the segment, at least, for the time being. Independent market analyst, Ambareesh Baliga, for instance, said that regulators have gotten worried on the valuation front, though belated, which could prove to be the last straw on the camel's back.
At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
The 15-nation Council met on Friday to vote on the resolution tabled by the United Arab Emirates and backed by over 90 member states. The resolution got the backing of 13 Council members who voted in its favour while the United Kingdom abstained.
The inquiry report, submitted to the Union home ministry, suggested that not enough state police personnel were deployed within the five km radius of the prime minister's function.
More than 10,000 police personnel, including 65 assistant commissioners, 200 inspectors and 800 sub-inspectors, will be deployed at strategic locations in the city, deputy commissioner of police (control room) Vijay Patel said. This massive deployment will be in addition to officials of the United States Secret Service, and officials of the National Security Guards (NSG) and the Special Protection Group (SPG), he added.
US Secretary of State Mike Pompeo on Wednesday named Robert Destro, assistant secretary of state for democracy, human rights and labour, as the special coordinator for Tibetan issues. Destro will focus on advancing dialogue between the Communist-run government in Beijing and the Dalai Lama, protecting the distinct religious cultural and linguistic identity of Tibetans, improving respect for their human rights and much, much more, Pompeo said.
'These new laws give complete (impunity) to the police.' 'Whatever little accountability the police had, all that is gone now.' 'There is no accountability mechanism against the police for abusing or misusing in the new laws.'
India has strongly rejected comments by United Nations experts on Manipur, terming them 'unwarranted, presumptive and misleading' and asserting that situation in the Northeast state is peaceful.
A bench headed by Chief Justice D N Patel initially said that it would ask the Centre to consider as representation the PIL which seeks a declaration that all authorities, civil or military, shall act under the supervision of the Special Protection Group (SPG) in matters of security of the Prime Minister and his immediate family members.
As worries over India's COVID-19 spike mount -- the country added 75,809 cases on Tuesday to take its tally to 42,80,422 -- scientists are grappling with the pivotal issue of antibodies and trying to understand how they impact on the progression of the disease.
A Delhi court on Tuesday sent to 10-day judicial custody NewsClick founder Prabir Purkayastha and human resources department head Amit Chakravarty, arrested in a case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda.
The Union Home Ministry has issued showcause notices to six senior officers, including the Bathinda police chief, over the "major lapses in security" during Prime Minister Narendra Modi's visit to Punjab, officials said here on Friday.
Suspension of Internet services in ten districts of Assam was extended for 48 hours on Thursday
With the removal of Singh's SPG cover, the top notch security cover will now be given only to Prime Minister Narendra Modi and the Gandhi family -- Congress president Sonia Gandhi and her children, Rahul and Priyanka.
In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".
A voter turnout of over 40 per cent was recorded till 1 pm on Monday in the fourth phase of Lok Sabha elections in 96 constituencies spread over 10 states and Union Territories amid incidents of violence in Andhra Pradesh and reports of poll boycott in some villages of Uttar Pradesh.
Several Bharatiya Janata Party-ruled states in the country, including Gujarat and Assam, have expressed their keenness to follow the Uttarakhand UCC as a model.
India voted in favour of a resolution that condemns Israeli settlement activities in the Occupied Palestinian Territory.
The Punjab chief secy is learnt to have shared details pertaining to the sequence of events that unfolded during the prime minister's visit on Wednesday
"Unfortunately I have been down with high fever since Sunday and the doctor has advised rest for the next two days," the 45-year-old Congress leader said on micro-blogging site Twitter late Monday night.
Mumbai's Church of St John the Evangelist or Afghan Church looks today as good as it did 158 years ago.
Considering all the facts, court's additional session judge Pawan Kumar Jain granted interim relief from arrest to her as police have not issued a notice to the accused.
The Congress, which criticised the amendment, walked out of Rajya Sabha saying it is dissatisfied with the home minister's reply on the amendment to the SPG Act.
Priyanka has been told that if she stays beyond August 1, she will have to pay penalty.
Jyoti claimed that her father is innocent and was framed in a false case.
"We only went there once and saw such negligence. This is unacceptable."
While the opposition members protested the interruption by Thakur, the BJP members persuaded her to sit down. After which, the Speaker said only A Raja's statement will be taken on record.
No one, not even ministers and officers, should be allowed to come too close to the prime minister unless cleared by his special security, the home ministry communication said, citing an "unknown threat" to Modi.
The focus of the questioning is Tyagi's alleged links with Italian middlemen -- Carlo Gerosa and Guido Haschkhe, CBI sources said.
The recent report in the New York Times that China had brought India's financial capital - Mumbai - to a halt by hacking the electricity supply grid has not come as a surprise to the CTOs (chief technology officers) and cyber security experts. Indian companies, including critical infrastructure providers such as power grids, ports and radar systems, lack the IT infrastructure to prevent hacking from hostile state actors like China and North Korea, warn security experts. Recently, the United States government warned of yet another breach of critical systems tied to Microsoft Exchange email systems that the company has blamed on China. The breach has impacted thousands of organisations in the US and its impact on India is still unknown.
The Centre will create a Special Rhino Protection Force in Assam to protect the animal from poaching and form a task force to enquire into encroachment of forest land in the state, Union Environment and Forests Minister Prakash Javadekar said on Saturday.
"The government is wrong. It is wrong because it is clueless," Chidambaram said. "It is unable to look for the obvious clues because it is stubborn and mulish in defending its catastrophic mistakes like demonetisation, flawed GST, tax terrorism, regulatory overkill, protectionism, and centralised control of decision-making in the Prime Minister's Office."
Against the backdrop of Rahul Gandhi's statement that he could be eliminated like his grandmother and father, government today said the threat to the Congress vice-president is permanent and it is taking all steps, including deployment of Special Protection Group personnel, for his safety.
The car drove right up to the porch near the garden at her home with three men, three women and a girl coming out of the vehicle, sources said.
'The prime minister is talking to his Chachaji and he is crying in the PM's lap, it was such an emotional scene.'
Representatives of several northeastern organisations on Monday rejected the committee formed by the Centre to suggest remedial measures to address their concerns.
The resolution, sponsored among others by Algeria, Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates and Palestine, demanded an immediate humanitarian ceasefire in Gaza and reiterated its demand that all parties comply with their obligations under international law, "notably with regard to the protection of civilians."
The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. The hearing on the market regulator's plea and PILs could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm. A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and J B Pardiwala on May 12 had said it would consider granting three more months to Sebi for concluding its probe into the allegations of stock price manipulation and lapses in regulatory disclosure.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
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