The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. Even after the valuation, there are several regulatory processes that have concluded, the official said.
The Securities and Exchange Board of India (Sebi) is mulling changes to the 'fit & proper' criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.
The 2,268-kg GISAT-1 was originally slated to be launched from Sriharikota in Andhra Pradesh's Nellore district, about 100 kms north of Chennai, on March 5 last year but was postponed a day before the blast-off due to technical reasons.
In a statement, the state government alleged 'malicious attempts' to discourage the use of products lacking a halal certificate not only seek 'unfair financial benefits' but also form part of a 'pre-planned strategy to sow class hatred, create divisions in society, and weaken the country' by "anti-national elements".
Legendary coach Arsene Wenger on Tuesday committed himself to "digging out talent" in India and place the country on world football map.
The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.
The advisory was issued as thousands of Indians studying in Chinese medical colleges are currently stuck at home for over two years due to Beijing's COVID visa ban.
BCCI has sought the state associations' view on the structure of the curtailed season for which it plans to create six bio-secure hubs across the country between December and March.
New Zealand authorities have begun easing social restrictions in recent weeks with COVID-19 cases slowing to a trickle, and sports have been given the green light to restart domestic competitions.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
'Everyone is so excited. There is a lot of excitement everywhere. This was a long time desire of many people.'
The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.
The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
'Cricket should be a game for everyone, and we know that this has not always been the case.'
Three takeaways for individuals living in a global society today, where misinformation and disinformation are rife.
The first leg of Micron's semiconductor play in Sanand is crucial for the company to sprint towards India's goal of joining the chip race.
Jet said a resolution plan that contemplates various options, including proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
Railway Minister Dinesh Trivedi on Tuesday said he was planning to set up an independent safety and security board to strengthen passenger and freight security.
The city's Air Quality Index (AQI) stood at 420 at 8 am on Thursday, compared to 426 at 4 pm on Wednesday. The AQI map prepared by the Central Pollution Control Board showed clusters of red dots (indicating hazardous air quality) spread across the Indo-Gangetic plains.
In December 2016, the Supreme Court directed the central government to have a graded action plan to tackle the menace of air pollution. There are two plans - Comprehensive Action Plan and Graded Response Action Plan.
The order said that zonal railways should have by now assessed their vacancies and planned for filling them up as per their fresh selection calendars.
Rashtriya Swayamsevak Sangh (RSS) general secretary Dattatreya Hosabale on Tuesday said the organisation believes that there is no need to turn India into a 'Hindu Rashtra' or Hindu nation because the country has always been one.
Capital markets regulator Sebi has kept in 'abeyance' the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
'There is a plan to add a '19 plus' level where all these boys could be integrated'
Top leaders of the Opposition's Indian National Developmental Inclusive Alliance (INDIA) held talks in an informal setting in Mumbai on Thursday evening to chart out a concrete roadmap and evolve a structure for cooperation among the alliance partners to take on the Bharatiya Janata Party (BJP) in the 2024 Lok Sabha polls.
ICAI president Uttam Prakash Agarwal said the new board, to be called the Review Reporting Board, will have powers to examine even unlisted firms. Currently, the Financial Reporting Review Board, which was set up in 2004 to monitor and regulate the functioning of CAs in the country, picks up audit reports of about 50-60 listed companies and non-government organisations to see whether procedures are being followed.
According to a senior Congress leader, the constituents of the opposition alliance intend to move forward with the theme "Main Nahin, Hum (We, Not Me)" at the meeting.
The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices. The decision will come into effect from October 29. Besides, the government has also announced the procurement of additional 2 lakh tonnes of onion for the buffer, over and above the 5 lakh tonnes already procured.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
The Bharatiya Janata Party in the state demanded an apology from the Uddhav Thackeray-led government over this incident.
This time, Delhi saw a sharp improvement in air quality just ahead of Diwali which can be attributed to intermittent rainfall on Friday and wind speed favourable for the dispersion of pollutants.
The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at this, and will now fast-track it by September-end, when they will have a better picture of their books after the moratorium on the servicing of loans and a 180-day view on the performance of borrowers' accounts.
'For god's sake, portray the armed forces in the correct manner,' asserts IAF veteran Air Commodore Nitin Sathe after watching Tejas.
Indian imports of Russian oil plunged by a record in August month-on-month (M-o-M) as discounts on the fuel shrank in tandem with rising Brent oil prices. Higher crude prices will drive inflation or hurt earnings at oil companies and India's fiscal position if such spikes are not passed on to consumers. Indian purchases of Russian crude declined by around 24 per cent in August from July to the lowest level since January, with refiners expecting volumes to drop further amid rising rates of Russian benchmark Urals grade, substantial stocks at refiners, and planned maintenance at Indian refineries, according to ship tracking data and industry officials.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
In the current complex and dynamic strategic environment, refining the IAF's strategy, building robust capabilities and developing a flexible mindset to "prosecute future wars" will prove decisive, the chief of air staff said.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
'What can a teacher do that ChatGPT cannot?'
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