Discover the latest OTT releases, streaming in the month of March.
Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.
The Karnataka High Court has quashed the Enforcement Directorate's summons to Chief Minister Siddaramaiah's wife Parvathi B M and Urban Development Minister B S Suresh in connection with the MUDA site allotment case. The court ruled that the ED was conducting a parallel investigation despite the case already being probed by the Lokayukta police and a Special Investigation Team (SIT). The ED had alleged that Siddaramaiah and other accused were involved in attempted money laundering in the MUDA site allotment case and that the fourteen sites (plots) allotted to Parvathi in Mysuru upmarket were illegally allotted.
The wall collapsed on the Rs 300 ticket queue line near the shopping complex on the ghat road from Simhagiri Bus Stand at around 3 am. Heavy overnight rains and strong winds are suspected to have loosened the soil, causing the structure to fall, Anitha told reporters.
Certain foreign portfolio investors (FPIs), which operate as pooled investment vehicles (PIVs), may not be exempt from the additional disclosure mandates by the Securities and Exchange Board of India (Sebi) following an update in the standard operating procedures (SOPs) for custodians. An updated version of the SOPs has specified several conditions to be met for PIVs to benefit from the exemptions granted. These include no segregated portfolios, independent investment manager, and investors having pari-passu (equal) rights in the entity.
The MUDA office in Mysuru and some other locations are being raided by the federal probe agency officials along with an escort of a central paramilitary force, the sources said.
Karnataka state Bharatiya Janata Party president B Y Vijayendra and Deputy Chief Minister D K Shivakumar's brother D K Suresh called on state minister Satish Jarkiholi separately on Monday, triggering political speculation.
Siddaramaiah, his wife, brother-in-law B M Mallikarjun Swamy, Devaraju -- from whom Swamy had purchased a land and gifted it to Parvathi -- and others have been named in the FIR registered by the Lokayukta police establishment, located in Mysuru on September 27, following the order of the Special Court that exclusively deals with criminal cases related to former and elected MPs/MLAs.
Siddaramaiah is facing the Lokayukta and ED probes into alleged irregularities in the allotment of 14 sites to his wife by the MUDA.
The Securities and Exchange Board of India (Sebi) has notified stricter timelines of just seven working days for foreign portfolio investors (FPIs) to disclose vital information. This could include informing their custodians about any false or misleading information about the fund or disclosing any change in structure or common ownership, or control of the investor group. The new changes have been brought into effect from March 14 through a notification amending the Sebi (FPIs) Regulations.
With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
The Reserve Bank of India's (RBI's) decision on Wednesday to relax restrictions on banks operating in the International Financial Services Centre (IFSC) related to the repatriation of idle funds in foreign currency accounts (FCA) could give a fillip to trading in foreign stocks at the GIFT City.
Rajya Sabha Chairman M Venkaiah Naidu on Thursday said legislators across the country should be driven by passion, performance and procedural integrity, and desist from disrupting law-making bodies.
Union ministers Rao Inderjit Singh and Prahlad Patel, Subramanian Swamy, known for his strong views on a host of issues, Suresh Prabhu, Dushyant Singh, who is the son of former Rajasthan chief minister Vasundhara Raje, Vijay Goel, Vinay Katiyar and S S Ahluwalia are among those who have not found a berth in the new list while Union minister V K Singh is no longer a regular member and has been named as a special invitee.
Exigencies of electoral politics and individual ambitions often stoke family feuds and sibling rivalries.
The court, however, kept the disqualification in suspension for one month, allowing Swamy to file an appeal in the Supreme Court.
Jagadish and Anukumar were taken into custody from the district headquarters town of Chitradurga by a team led by Deputy Superintendent of Police (DSP) Dinakar.
Dhanush deserves credit for imagining a visually rich, edgy action thriller which is enhanced by a fascinating background score from A R Rahman, observes Divya Nair.
Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
The BJP government has recommended these names to President Pranab Mukherjee. A communique from the Rashtrapati Bhavan is expected shortly.
The Supreme Court on Monday stayed the disqualification of Janata Dal-Secular MLA D C Gowrishankar Swamy from the Tumkur Rural constituency in Karnataka and allowed him to contest the upcoming assembly polls in the southern state.
Judge Dinesh Gupta let off the right-wing activist and six others, giving them "benefit of doubt".
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
The Indian high commission said its operational visit is to commemorate the ninth edition of International Day of Yoga under the theme of "Global Ocean Ring".
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
Governor Biswa Bhusan Harichandan on Sunday evening accepted the resignations submitted by the 24 ministers, a Raj Bhavan communique said.
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
The Supreme Court on Thursday expressed concern over the holding of events like Dharam Sansad at various places, which allegedly is disturbing communal harmony.
Companies wanting to consider treaty benefits and deducting tax at a lower rate will have to examine the qualitative factors. They will have to consider whether FPIs are liable to tax and whether they are the beneficial owner of dividend income.
Informing about his decision, Maurya said in a tweet in Hindi, 'Due to the attitude of gross neglect towards Dalits, backwards, farmers, unemployed youth and small and medium-sized traders, I am resigning from the council of ministers of Yogi (Adityanath) of UP.'
The temple authorities reportedly decided to withdraw the umbrella from display after leaders of the Congress and the Communist Party of India-Marxist raised an objection.
Overseas funds have been spooked by several policy measures taken by the government in the past few years
The ruling Yuvajana Sramika Rythu Congress described it as the 'social cabinet', with 70 per cent representation to the BC, SC, ST and minority communities.
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
Wondering if God can be summoned by a court to be produced for inspection, the Madras High Court has pulled up a lower court for ordering the authorities of a temple in Tirupur district to produce the 'Moolavar' idol for verification.
With Prime Minister Narendra Modi on Wednesday inducting four new faces from Karnataka into his ministry, and chemicals and fertilisers minister D V Sadanda Gowda resigning ahead of the reshuffle, the state's representation in the Union council of ministers now stands at six.
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